Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h —

Price spread now: SoDEX against Aevo+0.034%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 SoDEX

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. SoDEX is 0.034% dearer against Aevo than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NBIS-PERP	233.65	0.0104	pay 0.0013% / 1h	40m 59s	—	—	10x
Short	SoDEX NBIS-USD	233.73	0.0050	get 0.0006% / 1h	40m 59s	$79	$21K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$11.34
Price spread: +0.034% → 0.000%: $3.43
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$31.91
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—

Aevo and SoDEX: 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
BloFin NBIS-USDT	−0.0010%	8h	233.67	+0.009%	$206K	$205K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	233.88	+0.100%	$78K	$310K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	233.60	−0.019%	$147K	$699K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	233.67	+0.011%	$19.2M	$84.6M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	233.80	+0.064%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.61	−0.017%	$3.4M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.73	+0.034%	$2.7M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.68	+0.013%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	233.67	+0.010%	$2.9M	$556K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.45	+0.342%	$4K	$120K	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	233.70	+0.021%	$848	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	233.59	−0.026%	$35K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.10	+0.193%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.74	+0.039%	$1.6M	$954K	10x	as long as short
QFEX NBIS-USD	+0.0034%	1h	233.70	+0.021%	$1.5M	$4.0M	10x	as long as short
Nado NBIS-PERP	+0.0035%	1h	233.72	+0.030%	$38K	$115K	3x	as long as short
Arcus NBIS-USD	+0.0040%	1h	234.02	+0.158%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.02	+0.158%	—	$216K	5x	as long as short
Kraken Futures PF_NBISUSD	+0.0049%	1h	233.57	−0.035%	$23K	$15K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	233.61	−0.017%	$54.5M	$20.0M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.60	−0.021%	$147K	$456K	10x	as long as short
SoDEX NBIS-USDshort	+0.0050%	1h	233.73	+0.034%	$79	$21K	10x
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.98	+0.141%	$160K	$502K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.69	+0.017%	$481K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.70	+0.021%	$2K	$3K	10x	as long as short
Aevo NBIS-PERPlong	+0.0104%	1h	233.65	long leg	—	—	10x
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	235.56	+0.817%	$389K	$724K	10x	as long as short
Lighter NBIS	+0.0216%	1h	233.73	+0.034%	$912K	$3.9M	10x	as long as short
Phoenix NBIS	+0.0239%	1h	234.36	+0.304%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0309%	1h	234.00	+0.150%	$10.2M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0607%	4h	234.16	+0.217%	$38K	$225K	10x	as long as short