Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against SunX+0.030%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$213as in the Funding arb table

Net, price: spread back to 7d avg − costs−$212as in the Price arb table

costs, in and out, $10k−$2132.135% of the position

Long on SunX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.030%, 7d avg +0.012%

Together, before fees−0.012%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NBIS-USDT	231.37	0	get 0.0000% / 8h	6h 09m	$1K	$1.5M	10x
Short	Phemex NBISUSDT	231.44	0	get 0.0000% / 8h	6h 09m	$1.6M	$969K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee PhemexbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → +0.012%: $1.83
Slippage, 4 orders: −$193.48
Fee SunX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$211.65
Costs to cover: 2.135%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; Phemex: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 9 min ago	44.82 bp	63.3 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	3.02 bp	43.1 bp −$43	doesn't fit	doesn't fit	doesn't fit

NBIS on 31 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NBIS-USDT-SWAP	0.0000%	8h	231.45	+0.035%	$3.3M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.46	+0.039%	$2.7M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	231.48	+0.048%	$2.3M	$4.6M	20x	as long as short
SunX NBIS-USDTlong	0.0000%	8h	231.37	long leg	$1K	$1.5M	10x
HTX NBIS-USDT	0.0000%	8h	231.62	+0.108%	$13K	$62K	20x	as long as short
Phemex NBISUSDTshort	0.0000%	8h	231.44	+0.030%	$1.6M	$969K	10x
Variational Omni NBIS	+0.0009%	8h	231.54	+0.075%	$2.8M	$642K	—	as long as short
Bybit NBISUSDT	+0.0016%	8h	231.43	+0.026%	$4.9M	$6.8M	50x	as long as short
Aster NBISUSDT	+0.0038%	8h	231.56	+0.082%	$74K	$312K	50x	as long as short
BloFin NBIS-USDT	+0.0040%	8h	231.64	+0.117%	$205K	$219K	20x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0046%	1h	231.57	+0.086%	—	$250K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.47	+0.043%	$138K	$472K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	231.46	+0.039%	$65	$19K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.41	+0.017%	$152K	$539K	10x	as long as short
QFEX NBIS-USD	+0.0054%	1h	231.49	+0.052%	$1.5M	$3.7M	10x	as long as short
Binance NBISUSDT	+0.0070%	8h	231.50	+0.056%	$19.6M	$91.4M	25x	as long as short
Extended NBIS-USD	+0.0072%	1h	231.39	+0.011%	$145K	$854K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0088%	1h	230.69	−0.294%	$380K	$873K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.29	−0.035%	$470K	$157K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.35	−0.009%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.38	+0.004%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0121%	1h	231.30	−0.032%	$38K	$116K	3x	as long as short
GRVT NBIS_USDT_Perp	+0.0245%	8h	231.53	+0.070%	$4K	$103K	10x	as long as short
Arcus NBIS-USD	+0.0257%	1h	231.39	+0.009%	$42K	$122K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0285%	1h	231.45	+0.035%	$54.4M	$19.2M	10x	as long as short
Phoenix NBIS	+0.0347%	1h	231.65	+0.121%	$7K	$127K	10x	as long as short
Lighter NBIS	+0.0384%	1h	231.54	+0.073%	$937K	$4.1M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0399%	1h	231.37	0.000%	$34K	$49K	10x	as long as short
edgeX NBISUSDC	+0.0552%	4h	231.38	+0.006%	$37K	$228K	10x	as long as short
Entropy io:NBIS	+0.0661%	1h	231.44	+0.030%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0768%	1h	231.29	−0.033%	$22K	$11K	20x	as long as short