Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.030%

Price spread now: Orderly against tradeXYZ+0.091%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 Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—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. Orderly is 0.091% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.091% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NBIS	231.20	0.0146	pay 0.0018% / 1h	30m 37s	$54.3M	$21.2M	10x
Short	Orderly PERP_NBIS_USDC_mythos	231.41	0.0100	get 0.0100% / 8h	30m 37s	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.091%Rate

Funding earned: −$9.59
Price spread: +0.091% → 0.000%: $9.08
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$24.51
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 9 min ago; Orderly: 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, 9 min ago	0.22 bp	13.0 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0413%	8h	231.39	+0.082%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.31	+0.049%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.31	+0.047%	$148K	$876K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.34	+0.061%	$18.7M	$87.8M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.39	+0.082%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.26	+0.026%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.35	+0.065%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.42	+0.096%	$2.8M	$593K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.32	+0.052%	$4K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.48	+0.121%	$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	+0.108%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.42	+0.095%	$1.6M	$969K	10x	as long as short
BloFin NBIS-USDT	+0.0026%	8h	231.48	+0.121%	$204K	$209K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.20	0.000%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.36	+0.069%	$1.5M	$3.7M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.28	+0.035%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.37	+0.074%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.25	+0.022%	$151K	$543K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.350%	$353K	$805K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.16	−0.017%	$475K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythosshort	+0.0100%	8h	231.41	+0.091%	$2K	$3K	10x
SoDEX NBIS-USD	+0.0103%	1h	231.39	+0.082%	$97	$20K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.38	+0.080%	—	—	10x	as long as short
tradeXYZ xyz:NBISlong	+0.0146%	1h	231.20	long leg	$54.3M	$21.2M	10x
Nado NBIS-PERP	+0.0171%	1h	231.20	+0.001%	$38K	$116K	3x	as long as short
Phoenix NBIS	+0.0312%	1h	231.38	+0.078%	$7K	$125K	10x	as long as short
Lighter NBIS	+0.0336%	1h	231.30	+0.043%	$933K	$4.0M	10x	as long as short
edgeX NBISUSDC	+0.0414%	4h	231.38	+0.078%	$37K	$227K	10x	as long as short
Entropy io:NBIS	+0.0437%	1h	231.25	+0.022%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.28	+0.035%	$23K	$15K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0615%	1h	231.35	+0.065%	$34K	$49K	10x	as long as short