Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0023%/8h= +2.6% APRpaid last 24h +0.035%

Price spread now: Nado against BloFin+0.155%7-day average −0.031% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$860.856% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.152%−$15 · spread now +0.155%, 7d avg −0.031%

Together, before fees−0.145%+ Points / potential airdropNado: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Nado is 0.186% dearer against BloFin than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NBIS-USDT	232.20	−0.0014	get 0.0014% / 8h	3h 05m	$206K	$204K	20x
Short	Nado NBIS-PERP	232.56	0.0009	get 0.0001% / 1h	5m 44s	$38K	$115K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.155%Rate

Funding earned: $4.9
Price spread: +0.155% → −0.031%: $18.56
Slippage, 4 orders: −$66.61
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$62.16
Costs to cover: 0.856%
Break-even: 95.8 days

Slippage from BloFin: live order book, 15 min ago; Nado: live order book, 43 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 BloFin live order book, 15 min ago	0.21 bp	10.1 bp −$10	13.8 bp −$138	doesn't fit	doesn't fit
Sell Nado live order book, 43 min ago	10.24 bp	33.3 bp −$33	doesn't fit	doesn't fit	doesn't fit

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
BloFin NBIS-USDTlong	−0.0014%	8h	232.20	long leg	$206K	$204K	20x
Aster NBISUSDT	0.0000%	8h	232.44	+0.105%	$78K	$310K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	232.18	−0.010%	$145K	$601K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	232.26	+0.026%	$18.8M	$85.6M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	232.34	+0.060%	$5.0M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	232.18	−0.009%	$3.4M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.33	+0.056%	$2.7M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	232.30	+0.043%	$2.4M	$4.5M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	232.62	+0.183%	$2.9M	$552K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.97	−0.099%	$5K	$118K	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	232.66	+0.198%	$940	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	232.16	−0.017%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	232.50	+0.129%	$1.6M	$956K	10x	as long as short
Nado NBIS-PERPshort	+0.0009%	1h	232.56	+0.155%	$38K	$115K	3x
QFEX NBIS-USD	+0.0034%	1h	232.32	+0.052%	$1.5M	$4.0M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	232.20	0.000%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	232.57	+0.159%	—	$217K	5x	as long as short
Kraken Futures PF_NBISUSD	+0.0049%	1h	232.69	+0.213%	$23K	$15K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	232.26	+0.026%	$54.1M	$20.2M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	232.59	+0.168%	$143K	$459K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	232.37	+0.073%	$93	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.20	0.000%	$160K	$508K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.25	+0.022%	$479K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.63	+0.185%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.57	+0.161%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	232.30	+0.043%	$361K	$771K	10x	as long as short
Lighter NBIS	+0.0200%	1h	232.28	+0.034%	$918K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0239%	1h	232.25	+0.022%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0295%	1h	232.37	+0.073%	$10.1M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0317%	4h	231.93	−0.115%	$37K	$226K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0524%	1h	232.69	+0.211%	$35K	$49K	10x	as long as short