Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0413%/8h= −45.2% APRpaid last 24h −0.035%

Price spread now: SunX against Arcus−0.004%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$1491.491% of the position

Long on Arcus Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.169%−$17 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now −0.004%, 7d avg +0.015%

Together, before fees−0.235%−$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NBIS-USD	233.84	0.0413	pay 0.0052% / 1h	26m 46s	$42K	$119K	5x
Short	SunX NBIS-USDT	233.83	0	get 0.0000% / 8h	5h 26m	$1K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$86.75
Price spread: −0.004% → +0.015%: −$1.9
Slippage, 4 orders: −$136.64
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$237.79
Costs to cover: 1.491%
Break-even: never at this rate

Slippage from Arcus: live order book, 19 min ago; SunX: live order book, 11 min ago.

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, 19 min ago	3.42 bp	6.0 bp −$6	12.1 bp −$121	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	45.97 bp	72.4 bp −$72	doesn't fit	doesn't fit	doesn't fit

NBIS on 31 exchanges

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
OKX NBIS-USDT-SWAP	0.0000%	8h	233.91	+0.030%	$3.3M	$16.6M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.85	+0.004%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.89	+0.021%	$2.3M	$4.6M	20x	as long as short
SunX NBIS-USDTshort	0.0000%	8h	233.83	−0.004%	$1K	$1.4M	10x
HTX NBIS-USDT	0.0000%	8h	234.09	+0.107%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.90	+0.026%	$1.6M	$970K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.06	+0.094%	—	$250K	5x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0050%	1h	233.78	−0.026%	$35K	$49K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.84	0.000%	$152K	$533K	10x	as long as short
QFEX NBIS-USD	+0.0058%	1h	233.88	+0.017%	$1.6M	$3.6M	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NBISUSDTM	+0.0100%	8h	233.61	−0.098%	$474K	$205K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.89	+0.021%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.89	+0.023%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	234.06	+0.094%	$383K	$870K	10x	as long as short
Variational Omni NBIS	+0.0117%	8h	233.61	−0.100%	$2.9M	$637K	—	as long as short
Bybit NBISUSDT	+0.0117%	8h	233.92	+0.034%	$5.4M	$7.0M	50x	as long as short
Polymarket Perps NBIS-USD	+0.0129%	1h	233.88	+0.017%	$133K	$476K	10x	as long as short
Aster NBISUSDT	+0.0155%	8h	234.17	+0.139%	$81K	$314K	50x	as long as short
BloFin NBIS-USDT	+0.0160%	8h	233.93	+0.038%	$208K	$218K	20x	as long as short
Binance NBISUSDT	+0.0190%	8h	233.91	+0.030%	$20.6M	$91.4M	25x	as long as short
Extended NBIS-USD	+0.0192%	1h	233.84	0.000%	$146K	$847K	10x	as long as short
Nado NBIS-PERP	+0.0194%	1h	233.74	−0.043%	$38K	$85K	3x	as long as short
SoDEX NBIS-USD	+0.0202%	1h	233.90	+0.026%	$94	$19K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0370%	1h	233.62	−0.095%	$22K	$11K	20x	as long as short
Phoenix NBIS	+0.0377%	1h	234.06	+0.094%	$7K	$127K	10x	as long as short
Lighter NBIS	+0.0400%	1h	233.99	+0.064%	$949K	$3.8M	10x	as long as short
Arcus NBIS-USDlong	+0.0413%	1h	233.84	long leg	$42K	$119K	5x
tradeXYZ xyz:NBIS	+0.0416%	1h	233.92	+0.034%	$55.6M	$18.8M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0452%	8h	233.66	−0.077%	$5K	$101K	10x	as long as short
Entropy io:NBIS	+0.0737%	1h	233.79	−0.021%	$10.2M	$3.0M	10x	as long as short
edgeX NBISUSDC	+0.0824%	4h	233.88	+0.015%	$31K	$232K	10x	as long as short