Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.01 per $10,000 · paid last 24h —

Price spread now: Kraken Futures against Aevo−0.086%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Kraken Futures

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kraken Futures is 0.086% cheaper against Aevo than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NBIS-PERP	234.86	0.0104	pay 0.0013% / 1h	56m 25s	—	—	10x
Short	Kraken Futures PF_NBISUSD	234.66	0.0095	get 0.0012% / 1h	56m 25s	$24K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.086%Rate

Funding earned: −$1.82
Price spread: −0.086% → 0.000%: −$8.65
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$36.47
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Kraken Futures: 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 Aevo no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Aevo and Kraken Futures: 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 NBISUSDT	0.0000%	8h	234.65	−0.091%	$5.1M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.78	−0.036%	$3.4M	$16.7M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.78	−0.036%	$2.8M	$5.0M	50x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.84	−0.010%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.61	+0.318%	$15K	$66K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.86	−0.002%	$1.6M	$972K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	234.67	−0.083%	$1.5M	$4.9M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.15	+0.122%	$43K	$135K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.01	+0.062%	—	$223K	5x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0048%	1h	234.75	−0.049%	$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	−0.087%	$142K	$462K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.84	−0.010%	$89	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.79	−0.032%	$169K	$505K	10x	as long as short
Bitget NBISUSDT	+0.0078%	8h	234.77	−0.040%	$2.5M	$4.6M	20x	as long as short
Nado NBIS-PERP	+0.0091%	1h	234.62	−0.104%	$31K	$66K	3x	as long as short
Kraken Futures PF_NBISUSDshort	+0.0095%	1h	234.66	−0.086%	$24K	$15K	20x
KuCoin NBISUSDTM	+0.0100%	8h	234.75	−0.049%	$484K	$22K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.88	+0.007%	$2K	$3K	10x	as long as short
Aevo NBIS-PERPlong	+0.0104%	1h	234.86	long leg	—	—	10x
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+0.505%	$386K	$736K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0155%	1h	234.70	−0.070%	$54.9M	$23.7M	10x	as long as short
Aster NBISUSDT	+0.0257%	8h	235.00	+0.058%	$81K	$308K	50x	as long as short
BloFin NBIS-USDT	+0.0260%	8h	234.84	−0.010%	$206K	$210K	20x	as long as short
Variational Omni NBIS	+0.0263%	8h	235.53	+0.283%	$2.9M	$591K	—	as long as short
Binance NBISUSDT	+0.0278%	8h	234.75	−0.050%	$19.5M	$85.4M	25x	as long as short
Extended NBIS-USD	+0.0280%	1h	234.73	−0.056%	$151K	$705K	10x	as long as short
Lighter NBIS	+0.0288%	1h	234.81	−0.023%	$913K	$4.4M	10x	as long as short
Entropy io:NBIS	+0.0314%	1h	235.13	+0.113%	$10.3M	$3.4M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0325%	8h	235.40	+0.228%	$5K	$131K	10x	as long as short
Phoenix NBIS	+0.0409%	1h	235.10	+0.100%	$7K	$152K	10x	as long as short
edgeX NBISUSDC	+0.0967%	4h	235.39	+0.223%	$38K	$225K	10x	as long as short