Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Binance against Variational Omni−0.161%7-day average −0.001% · you buy dearer than you sell

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%$0 on $10k

Price spread, last 7 days+0.176%+$18 · spread now −0.161%, 7d avg −0.001%

Together, before fees+0.181%+ Points / potential airdropVariational Omni: Active · farm board+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.159% cheaper against Variational Omni than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NBIS	232.29	0	get 0.0000% / 8h	2h 03m	$2.8M	$602K	—
Short	Binance NBISUSDT	231.92	0	get 0.0000% / 8h	2h 03m	$18.6M	$87.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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 Variational OmnibpFee BinancebpOrdersPrice spread, now −0.161%Rate

Funding earned: $0
Price spread: −0.161% → −0.001%: −$15.95
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$25.95
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Binance: live order book, 9 min ago. 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 Variational Omni RFQ quote, 1 min ago	4.14 bp	doesn't fit	48.3 bp −$483	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.65 bp	8.1 bp −$8	26.2 bp −$262	89.8 bp −$8,985	doesn't fit

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	−0.0402%	8h	231.96	−0.144%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0011%	8h	231.95	−0.148%	$202K	$206K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.78	−0.220%	$85K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.86	−0.186%	$146K	$753K	10x	as long as short
Binance NBISUSDTshort	0.0000%	8h	231.92	−0.161%	$18.6M	$87.1M	25x
Bybit NBISUSDT	0.0000%	8h	231.89	−0.174%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.85	−0.191%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.95	−0.148%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBISlong	0.0000%	8h	232.29	long leg	$2.8M	$602K	—
GRVT NBIS_USDT_Perp	0.0000%	8h	232.27	−0.012%	$5K	$117K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	232.11	−0.079%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	232.09	−0.088%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.94	−0.153%	$1.6M	$959K	10x	as long as short
QFEX NBIS-USD	+0.0029%	1h	231.94	−0.153%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	232.00	−0.127%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.90	−0.170%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.81	−0.209%	$138K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.29	−0.002%	$151K	$548K	10x	as long as short
Nado NBIS-PERP	+0.0054%	1h	231.77	−0.227%	$38K	$115K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.71	−0.252%	$478K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.89	−0.174%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.89	−0.176%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0121%	1h	231.76	−0.230%	$54.5M	$21.1M	10x	as long as short
SoDEX NBIS-USD	+0.0123%	1h	231.87	−0.183%	$88	$20K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	232.18	−0.049%	$352K	$816K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0222%	1h	231.83	−0.200%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	232.20	−0.041%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0272%	1h	231.84	−0.196%	$937K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0399%	1h	231.96	−0.144%	$10.1M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0481%	4h	232.13	−0.069%	$37K	$227K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0614%	1h	231.75	−0.234%	$34K	$49K	10x	as long as short