Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h —

Price spread now: Bybit against Aevo+0.044%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Bybit

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—needs both histories

The price spread pays, funding is against you. Bybit is 0.044% dearer against Aevo than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NBIS-PERP	234.22	0.0104	pay 0.0013% / 1h	17m 56s	—	—	10x
Short	Bybit NBISUSDT	234.32	0	get 0.0000% / 8h	6h 17m	$5.1M	$6.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aevo. 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 AevobpFee BybitbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$21.84
Price spread: +0.044% → 0.000%: $4.44
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$44.4
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 5 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 Aevo no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	1.71 bp	15.6 bp −$16	76.6 bp −$766	doesn't fit	doesn't fit

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 30 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	234.32	+0.044%	$5.1M	$6.3M	50x
OKX NBIS-USDT-SWAP	0.0000%	8h	234.42	+0.087%	$3.4M	$16.4M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.30	+0.036%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.31	+0.040%	$2.4M	$4.5M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.22	+0.001%	$5K	$129K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.28	+0.027%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.18	−0.015%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.04	−0.075%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.35	+0.057%	$1.6M	$972K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	234.03	−0.079%	$1.5M	$4.6M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USD	+0.0040%	1h	233.99	−0.096%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.29	+0.032%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.97	−0.105%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.12	−0.041%	$61	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.96	−0.109%	$164K	$498K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0062%	1h	234.19	−0.011%	$54.7M	$20.0M	10x	as long as short
Nado NBIS-PERP	+0.0074%	1h	234.06	−0.068%	$67K	$95K	3x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	234.08	−0.058%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.24	+0.010%	$483K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.26	+0.019%	$2K	$3K	10x	as long as short
Aevo NBIS-PERPlong	+0.0104%	1h	234.22	long leg	—	—	10x
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	233.89	−0.139%	$383K	$714K	10x	as long as short
Variational Omni NBIS	+0.0184%	8h	234.12	−0.040%	$2.8M	$571K	—	as long as short
Aster NBISUSDT	+0.0192%	8h	234.41	+0.083%	$81K	$314K	50x	as long as short
Binance NBISUSDT	+0.0208%	8h	234.30	+0.036%	$19.2M	$84.9M	25x	as long as short
Extended NBIS-USD	+0.0208%	1h	234.24	+0.009%	$147K	$699K	10x	as long as short
Lighter NBIS	+0.0232%	1h	234.36	+0.062%	$905K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	234.33	+0.049%	$7K	$152K	10x	as long as short
Entropy io:NBIS	+0.0409%	1h	234.09	−0.054%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0474%	4h	234.10	−0.047%	$38K	$226K	10x	as long as short