Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0501%/8h= +54.9% APRpaid last 24h —

Price spread now: Aevo against Bitget−0.034%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Aevo

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 pays, the price is against you. Aevo is 0.034% cheaper against Bitget than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NBISUSDT	231.92	−0.0397	get 0.0397% / 8h	2h 02m	$2.3M	$4.6M	20x
Short	Aevo NBIS-PERP	231.84	0.0104	get 0.0013% / 1h	2m 10s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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 BitgetbpFee AevobpOrdersPrice spread, now −0.034%Rate

Funding earned: $105.21
Price spread: −0.034% → 0.000%: −$3.4
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: $73.81
Costs to cover: 0.280%
Break-even: 2.1 days

Slippage unknown: Bitget: live order book, 1 min ago; Aevo: 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 Bitget live order book, 1 min ago	1.94 bp	12.1 bp −$12	26.3 bp −$263	42.6 bp −$4,264	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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 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
Bitget NBISUSDTlong	−0.0397%	8h	231.92	long leg	$2.3M	$4.6M	20x
BloFin NBIS-USDT	−0.0011%	8h	231.95	+0.013%	$202K	$206K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.88	−0.018%	$85K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.83	−0.038%	$146K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	232.01	+0.040%	$18.6M	$87.1M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.98	+0.026%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.87	−0.022%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.91	−0.004%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	232.29	+0.161%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.27	+0.149%	$5K	$117K	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	232.11	+0.082%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	232.09	+0.073%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.89	−0.013%	$1.6M	$959K	10x	as long as short
QFEX NBIS-USD	+0.0029%	1h	231.83	−0.039%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.92	0.000%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.76	−0.069%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.76	−0.069%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.68	−0.103%	$151K	$547K	10x	as long as short
Nado NBIS-PERP	+0.0058%	1h	231.60	−0.136%	$38K	$115K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.69	−0.099%	$478K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.85	−0.030%	$2K	$3K	10x	as long as short
Aevo NBIS-PERPshort	+0.0104%	1h	231.84	−0.034%	—	—	10x
SoDEX NBIS-USD	+0.0114%	1h	231.87	−0.022%	$74	$20K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0125%	1h	231.92	0.000%	$54.5M	$21.1M	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	232.18	+0.112%	$352K	$816K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0222%	1h	231.78	−0.059%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	232.20	+0.121%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0272%	1h	231.85	−0.030%	$940K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0400%	1h	231.88	−0.017%	$10.1M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0481%	4h	232.13	+0.092%	$37K	$227K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0786%	1h	231.79	−0.056%	$34K	$49K	10x	as long as short