Settings8H · net · $10k
Funding arb · Price arb /

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0226%/8h= +24.7% APRpaid last 24h +0.067%
Price spread now: Lighter against BloFin+0.039%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs+$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$200.203% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.423%+$42 on $10k
Price spread, last 4 days (all we have)+0.090%+$9 · spread now +0.039%, 7d avg +0.043%
Together, before fees+0.513%+ Points / potential airdropLighter: Season 3 · farm board+$51 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NBIS-USDT233.67−0.0010get 0.0010% / 8h3h 40m$206K$205K20x
ShortLighter NBIS233.760.0216get 0.0027% / 1h40m 31s$912K$3.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
$47.43
Price spread: +0.039% → +0.043%
−$0.42
Slippage, 4 orders
−$8.31
Fee BloFin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$26.7
Costs to cover
0.203%
Break-even
3.1 days
Slippage from BloFin: live order book, 50 min ago; Lighter: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 50 min ago0.85 bp9.9 bp −$1021.6 bp −$216doesn't fitdoesn't fit
Sell Lighter live order book, 7 min ago0.43 bp1.0 bp −$12.7 bp −$2767.4 bp −$6,737doesn't fit

NBIS on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin NBIS-USDTlong−0.0010%8h233.67long leg$206K$205K20x
Aster NBISUSDT0.0000%8h233.93+0.110%$78K$310K50xas long as short
Extended NBIS-USD0.0000%1h233.63−0.016%$147K$699K10xas long as short
Binance NBISUSDT0.0000%8h233.72+0.020%$19.2M$84.6M25xas long as short
Bybit NBISUSDT0.0000%8h233.72+0.021%$5.0M$6.3M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h233.55−0.051%$3.4M$16.1M25xas long as short
Gate NBIS_USDT0.0000%8h233.73+0.026%$2.7M$5.0M50xas long as short
Bitget NBISUSDT0.0000%8h233.68+0.004%$2.4M$4.4M20xas long as short
Variational Omni NBIS0.0000%8h233.67+0.002%$2.9M$556Kas long as short
GRVT NBIS_USDT_Perp0.0000%8h234.45+0.333%$4K$120K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX NBIS-USDT0.0000%8h233.70+0.013%$848$1.7M10xas long as short
Deribit NBIS_USDC-PERPETUAL0.0000%1h233.59−0.034%$35K$49K10xas long as short
HTX NBIS-USDT0.0000%8h234.10+0.184%$15K$60K20xas long as short
Phemex NBISUSDT0.0000%8h233.74+0.030%$1.6M$954K10xas long as short
Nado NBIS-PERP+0.0028%1h233.62−0.023%$38K$115K3xas long as short
QFEX NBIS-USD+0.0034%1h233.81+0.060%$1.5M$4.0M10xas long as short
Arcus NBIS-USD+0.0040%1h233.87+0.086%$42K$132K5xas long as short
Vest NBIS-USD-PERP+0.0046%1h233.99+0.137%$216K5xas long as short
Kraken Futures PF_NBISUSD+0.0049%1h233.57−0.044%$23K$15K20xas long as short
tradeXYZ xyz:NBIS+0.0050%1h233.670.000%$54.5M$20.0M10xas long as short
Polymarket Perps NBIS-USD+0.0050%1h233.68+0.004%$147K$456K10xas long as short
SoDEX NBIS-USD+0.0050%1h233.73+0.026%$79$21K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h233.98+0.133%$160K$502K10xas long as short
KuCoin NBISUSDTM+0.0100%8h233.68+0.004%$481K$20K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h233.70+0.013%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h233.65−0.009%10xas long as short
Coinbase International NBIS-PERP-INTX+0.0104%1h235.56+0.809%$389K$724K10xas long as short
Lighter NBISshort+0.0216%1h233.76+0.039%$912K$3.9M10x
Phoenix NBIS+0.0239%1h234.36+0.295%$7K$150K10xas long as short
Entropy io:NBIS+0.0299%1h233.88+0.090%$10.2M$3.2M10xas long as short
edgeX NBISUSDC+0.0607%4h234.16+0.208%$38K$225K10xas long as short