Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h −0.003%

Price spread now: Orderly against Arcus+0.094%7-day average — · you sell dearer than you buy

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

Long on Arcus Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.094% dearer against Arcus than usual: you sell high and buy low: +$9 more if the spread 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	Arcus NBIS-USD	235.27	0.0040	pay 0.0005% / 1h	1m 08s	$43K	$132K	5x
Short	Orderly PERP_NBIS_USDC_mythos	235.49	0.0100	get 0.0100% / 8h	5h 01m	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Arcus. 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 ArcusbpFee OrderlybpOrdersPrice spread, now +0.094%Rate

Funding earned: $12.54
Price spread: +0.094% → 0.000%: $9.35
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Orderly: 3 bp × 2 orders: −$6
Net: $11.39
Costs to cover: 0.105%
Break-even: 0.6 days

Slippage unknown: Arcus: live order book, 62 min ago; Orderly: 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 Arcus live order book, 62 min ago	4.70 bp	7.5 bp −$8	17.0 bp −$170	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Nado NBIS-PERP	−0.0020%	1h	235.43	+0.068%	$64K	$100K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.67	+0.170%	$5.1M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.45	+0.077%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.52	+0.106%	$2.8M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.54	+0.115%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.42	+0.062%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.51	+0.102%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.41	+0.060%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.50	+0.098%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.55	+0.119%	$1.6M	$960K	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	+0.0023%	1h	235.45	+0.077%	$1.5M	$4.2M	10x	as long as short
Arcus NBIS-USDlong	+0.0040%	1h	235.27	long leg	$43K	$132K	5x
Vest NBIS-USD-PERP	+0.0046%	1h	235.74	+0.200%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.43	+0.068%	$150K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.51	+0.102%	$42	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.37	+0.043%	$164K	$500K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0062%	1h	235.55	+0.119%	$55.2M	$19.6M	10x	as long as short
Variational Omni NBIS	+0.0066%	8h	235.50	+0.098%	$2.9M	$566K	—	as long as short
BloFin NBIS-USDT	+0.0098%	8h	235.56	+0.123%	$207K	$205K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.36	+0.038%	$485K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythosshort	+0.0100%	8h	235.49	+0.094%	$2K	$3K	10x
Aevo NBIS-PERP	+0.0104%	1h	235.47	+0.086%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	235.35	+0.034%	$389K	$725K	10x	as long as short
Aster NBISUSDT	+0.0109%	8h	235.44	+0.072%	$81K	$307K	50x	as long as short
Extended NBIS-USD	+0.0112%	1h	235.48	+0.088%	$147K	$706K	10x	as long as short
Binance NBISUSDT	+0.0113%	8h	235.66	+0.166%	$19.3M	$84.4M	25x	as long as short
Kraken Futures PF_NBISUSD	+0.0151%	1h	235.33	+0.027%	$24K	$15K	20x	as long as short
Lighter NBIS	+0.0256%	1h	235.58	+0.132%	$902K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	235.30	+0.013%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0514%	1h	235.41	+0.060%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0535%	4h	235.54	+0.117%	$38K	$227K	10x	as long as short