Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.049%

Price spread now: Bitget against Vest+0.147%7-day average −0.440% · you sell dearer than you buy

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

Long on Vest Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−0.350%−$35 · spread now +0.147%, 7d avg −0.440%

Together, before fees−0.387%+ Points / potential airdropVest: Active · farm board−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.587% dearer against Vest than usual: you sell high and buy low (spread +0.147% now, against its 7-day average of −0.440%): +$59 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 days. At the pace of the last 4 days (−0.037% in total) that is about 58 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NBIS-USD-PERP	230.90	0.0046	pay 0.0006% / 1h	56m 57s	—	$246K	5x
Short	Bitget NBISUSDT	231.24	−0.0058	pay 0.0058% / 8h	6h 56m	$2.3M	$4.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpFee BitgetbpOrdersPrice spread, now +0.147%Rate

Funding earned: −$21.77
Price spread: +0.147% → −0.440%: $58.7
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bitget: 6 bp × 2 orders: −$12
Net: $22.93
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Bitget: live order book, 1 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 Vest no order-book sample	—	—	—	—	—
Sell Bitget live order book, 1 min ago	2.38 bp	18.8 bp −$19	27.6 bp −$276	45.0 bp −$4,504	doesn't fit

Vest: 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 NBISUSDTshort	−0.0058%	8h	231.24	+0.147%	$2.3M	$4.6M	20x
OKX NBIS-USDT-SWAP	0.0000%	8h	231.17	+0.117%	$3.3M	$16.4M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.23	+0.143%	$2.7M	$5.0M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.37	−0.229%	$2.8M	$601K	—	as long as short
SunX NBIS-USDT	0.0000%	8h	230.84	−0.026%	$1K	$1.6M	10x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.06	+0.069%	$1.6M	$971K	10x	as long as short
Aster NBISUSDT	+0.0021%	8h	230.82	−0.037%	$74K	$320K	50x	as long as short
Vest NBIS-USD-PERPlong	+0.0046%	1h	230.90	long leg	—	$246K	5x
Polymarket Perps NBIS-USD	+0.0050%	1h	230.90	0.000%	$137K	$467K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.75	−0.065%	$149K	$536K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0054%	1h	230.91	+0.004%	$1.6M	$3.7M	10x	as long as short
BloFin NBIS-USDT	+0.0055%	8h	231.36	+0.199%	$202K	$215K	20x	as long as short
Extended NBIS-USD	+0.0056%	1h	231.11	+0.090%	$145K	$856K	10x	as long as short
Binance NBISUSDT	+0.0060%	8h	231.15	+0.110%	$18.8M	$90.6M	25x	as long as short
Nado NBIS-PERP	+0.0084%	1h	230.80	−0.044%	$38K	$116K	3x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0088%	1h	230.78	−0.052%	$382K	$869K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0097%	1h	230.83	−0.030%	$34K	$50K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.74	−0.069%	$468K	$103K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.00	+0.043%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.95	+0.023%	—	—	10x	as long as short
HTX NBIS-USDT	+0.0189%	8h	230.95	+0.022%	$13K	$62K	20x	as long as short
Bybit NBISUSDT	+0.0196%	8h	231.13	+0.100%	$4.9M	$6.8M	50x	as long as short
Arcus NBIS-USD	+0.0257%	1h	230.86	−0.017%	$42K	$124K	5x	as long as short
SoDEX NBIS-USD	+0.0266%	1h	231.04	+0.061%	$79	$20K	10x	as long as short
Phoenix NBIS	+0.0277%	1h	230.93	+0.013%	$7K	$127K	10x	as long as short
edgeX NBISUSDC	+0.0315%	4h	230.90	0.000%	$37K	$226K	10x	as long as short
Lighter NBIS	+0.0344%	1h	231.06	+0.069%	$930K	$4.0M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0379%	1h	231.23	+0.143%	$54.3M	$22.0M	10x	as long as short
Entropy io:NBIS	+0.0767%	1h	230.69	−0.091%	$10.1M	$3.2M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0769%	1h	231.02	+0.051%	$22K	$16K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0817%	8h	230.41	−0.212%	$5K	$114K	10x	as long as short