Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0082%/8hpaid last 24h —

Price spread now: Aevo against BloFin−0.036%53s7-day average — · you buy dearer than you sell

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

Long on BloFin 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 0.036% cheaper against BloFin than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 35 hours of funding at the current rate (+$2 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NBIS-USDT	234.44	0.0022	pay 0.0022% / 8h	4h 21m	$213K	$215K	20x
Short	Aevo NBIS-PERP	234.35	0.0104	get 0.0013% / 1h	21m 46s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. 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 BloFinbpFee AevobpOrdersPrice spread, now −0.036%Rate

Funding earned: $17.32
Price spread: −0.036% → 0.000%: −$3.63
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$14.31
Costs to cover: 0.280%
Break-even: 12.8 days

Slippage unknown: BloFin: live order book, 5 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 BloFin live order book, 5 min ago	0.64 bp	10.8 bp −$11	15.7 bp −$157	doesn't fit	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
Kraken Futures PF_NBISUSD	−0.0161%	1h	234.39	−0.022%	$25K	$11K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	234.55	+0.047%	$111K	$266K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	234.53	+0.037%	$141K	$694K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	234.61	+0.073%	$20.3M	$82.6M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	234.52	+0.034%	$5.2M	$6.1M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.55	+0.047%	$3.5M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.39	−0.021%	$2.9M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.58	+0.060%	$2.5M	$4.5M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	234.16	−0.120%	$2.9M	$923K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.23	−0.088%	$5K	$140K	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	234.34	−0.043%	$933	$1.8M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.21	−0.098%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.40	−0.017%	$1.6M	$907K	10x	as long as short
BloFin NBIS-USDTlong	+0.0022%	8h	234.44	long leg	$213K	$215K	20x
QFEX NBIS-USD	+0.0033%	1h	234.40	−0.017%	$1.5M	$5.0M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	234.22	−0.094%	$40K	$118K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.53	+0.038%	—	$230K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.44	0.000%	$135K	$554K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.35	−0.038%	$98	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.18	−0.111%	$160K	$491K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.24	−0.085%	$494K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.37	−0.030%	$2K	$4K	10x	as long as short
Aevo NBIS-PERPshort	+0.0104%	1h	234.35	−0.036%	—	—	10x
tradeXYZ xyz:NBIS	+0.0114%	1h	234.51	+0.030%	$54.8M	$22.3M	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	235.35	+0.388%	$370K	$652K	10x	as long as short
Entropy io:NBIS	+0.0129%	1h	234.30	−0.060%	$10.3M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0141%	4h	234.26	−0.078%	$38K	$238K	10x	as long as short
Nado NBIS-PERP	+0.0166%	1h	234.24	−0.087%	$29K	$65K	3x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0177%	1h	234.35	−0.038%	$36K	$88K	10x	as long as short
Lighter NBIS	+0.0216%	1h	234.67	+0.098%	$986K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0340%	1h	234.30	−0.060%	$7K	$180K	10x	as long as short