Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0044%/8h= −4.9% APRnext payment −$0.06 per $10,000 · paid last 24h —

Price spread now: Aevo against tradeXYZ+0.041%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. Aevo is 0.041% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NBIS	231.29	0.0148	pay 0.0019% / 1h	31m 18s	$54.3M	$21.1M	10x
Short	Aevo NBIS-PERP	231.38	0.0104	get 0.0013% / 1h	31m 18s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against tradeXYZ. 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 tradeXYZbpFee AevobpOrdersPrice spread, now +0.041%Rate

Funding earned: −$9.31
Price spread: +0.041% → 0.000%: $4.07
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$39.24
Costs to cover: 0.340%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 8 min ago; Aevo: no order-book sample. Net counts fees only.

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 tradeXYZ live order book, 8 min ago	0.22 bp	13.0 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NBIS on 31 venues

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
Bitget NBISUSDT	−0.0419%	8h	231.45	+0.069%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.36	+0.028%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.40	+0.047%	$148K	$876K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.46	+0.074%	$18.7M	$87.8M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.42	+0.056%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.44	+0.065%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.46	+0.074%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.17	−0.052%	$2.8M	$594K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.32	+0.013%	$4K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.48	+0.082%	$1K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	231.45	+0.069%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.42	+0.056%	$1.6M	$969K	10x	as long as short
BloFin NBIS-USDT	+0.0011%	8h	231.41	+0.052%	$204K	$209K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.21	−0.035%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.43	+0.061%	$1.5M	$3.7M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.28	−0.004%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.37	+0.035%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.25	−0.017%	$151K	$543K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.389%	$353K	$805K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.19	−0.043%	$477K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.41	+0.052%	$2K	$3K	10x	as long as short
SoDEX NBIS-USD	+0.0103%	1h	231.39	+0.043%	$97	$20K	10x	as long as short
Aevo NBIS-PERPshort	+0.0104%	1h	231.38	+0.041%	—	—	10x
tradeXYZ xyz:NBISlong	+0.0148%	1h	231.29	long leg	$54.3M	$21.1M	10x
Nado NBIS-PERP	+0.0171%	1h	231.20	−0.038%	$38K	$116K	3x	as long as short
Phoenix NBIS	+0.0312%	1h	231.38	+0.039%	$7K	$125K	10x	as long as short
Lighter NBIS	+0.0344%	1h	231.38	+0.039%	$933K	$4.0M	10x	as long as short
edgeX NBISUSDC	+0.0414%	4h	231.38	+0.039%	$37K	$227K	10x	as long as short
Entropy io:NBIS	+0.0439%	1h	231.24	−0.022%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.28	−0.004%	$23K	$15K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0615%	1h	231.35	+0.026%	$34K	$49K	10x	as long as short