Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.004%

Price spread now: Bybit against Vest−0.153%7-day average −0.485% · you buy dearer than you sell

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

Long on Vest Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.034%+$3 on $10k

Price spread, last 3 days (all we have)+0.072%+$7 · spread now −0.153%, 7d avg −0.485%

Together, before fees+0.106%+ Points / potential airdropVest: Active · farm board+$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.332% dearer against Vest than usual: you sell high and buy low (spread −0.153% now, against its 7-day average of −0.485%): +$33 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NBIS-USD-PERP	235.01	0.0046	pay 0.0006% / 1h	56m 31s	—	$223K	5x
Short	Bybit NBISUSDT	234.65	0	get 0.0000% / 8h	6h 56m	$5.1M	$6.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.153%Rate

Funding earned: −$9.59
Price spread: −0.153% → −0.485%: $33.17
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $10.57
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Bybit: 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 Bybit live order book, 1 min ago	1.91 bp	13.6 bp −$14	67.8 bp −$678	doesn't fit	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
Bybit NBISUSDTshort	0.0000%	8h	234.65	−0.153%	$5.1M	$6.4M	50x
OKX NBIS-USDT-SWAP	0.0000%	8h	234.78	−0.098%	$3.4M	$16.7M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.78	−0.098%	$2.8M	$5.0M	50x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.84	−0.072%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.61	+0.255%	$15K	$66K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.86	−0.064%	$1.6M	$972K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	234.67	−0.145%	$1.5M	$4.9M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.15	+0.060%	$43K	$135K	5x	as long as short
Vest NBIS-USD-PERPlong	+0.0046%	1h	235.01	long leg	—	$223K	5x
Deribit NBIS_USDC-PERPETUAL	+0.0048%	1h	234.75	−0.111%	$35K	$48K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps NBIS-USD	+0.0050%	1h	234.66	−0.149%	$142K	$462K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.84	−0.072%	$89	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.79	−0.094%	$169K	$505K	10x	as long as short
Bitget NBISUSDT	+0.0078%	8h	234.77	−0.102%	$2.5M	$4.6M	20x	as long as short
Nado NBIS-PERP	+0.0091%	1h	234.62	−0.166%	$31K	$66K	3x	as long as short
Kraken Futures PF_NBISUSD	+0.0095%	1h	234.66	−0.148%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.75	−0.111%	$484K	$22K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.88	−0.055%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.86	−0.062%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+0.443%	$386K	$736K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0155%	1h	234.70	−0.132%	$54.9M	$23.7M	10x	as long as short
Aster NBISUSDT	+0.0257%	8h	235.00	−0.004%	$81K	$308K	50x	as long as short
BloFin NBIS-USDT	+0.0260%	8h	234.84	−0.072%	$206K	$210K	20x	as long as short
Variational Omni NBIS	+0.0263%	8h	235.53	+0.221%	$2.9M	$591K	—	as long as short
Binance NBISUSDT	+0.0278%	8h	234.75	−0.112%	$19.5M	$85.4M	25x	as long as short
Extended NBIS-USD	+0.0280%	1h	234.73	−0.118%	$151K	$705K	10x	as long as short
Lighter NBIS	+0.0288%	1h	234.81	−0.085%	$913K	$4.4M	10x	as long as short
Entropy io:NBIS	+0.0314%	1h	235.13	+0.051%	$10.3M	$3.4M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0325%	8h	235.40	+0.166%	$5K	$131K	10x	as long as short
Phoenix NBIS	+0.0409%	1h	235.10	+0.038%	$7K	$152K	10x	as long as short
edgeX NBISUSDC	+0.0967%	4h	235.39	+0.160%	$38K	$225K	10x	as long as short