Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0147%/8h= +16.1% APRpaid last 24h −0.014%

Price spread now: Polymarket Perps against BloFin−0.184%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on BloFin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 4 days (all we have)+0.206%+$21 · spread now −0.184%, 7d avg −0.027%

Together, before fees+0.155%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.157% cheaper against BloFin than usual: you would sell low and buy high (spread −0.184% now, against its 7-day average of −0.027%). If the spread goes back, that is −$16 on $10k: about 3.6 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.051%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NBIS-USDT	234.21	0.0274	pay 0.0274% / 8h	4h 58m	$208K	$219K	20x
Short	Polymarket Perps NBIS-USD	233.78	0.0421	get 0.0053% / 1h	58m 35s	$129K	$478K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.184%Rate

Funding earned: $30.9
Price spread: −0.184% → −0.027%: −$15.68
Slippage, 4 orders: −$13.43
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$18.22
Costs to cover: 0.334%
Break-even: 11.1 days

Slippage from BloFin: live order book, 40 min ago; Polymarket Perps: live order book, 47 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, 40 min ago	0.21 bp	9.9 bp −$10	19.9 bp −$199	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 47 min ago	1.92 bp	5.9 bp −$6	8.1 bp −$81	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	233.86	−0.149%	$3.3M	$16.3M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.80	−0.175%	$2.8M	$4.8M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.87	−0.145%	$2.3M	$4.4M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.05	−0.068%	$1K	$1.4M	10x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.53	+0.137%	$1.6M	$968K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0039%	1h	234.07	−0.059%	$22K	$10K	20x	as long as short
HTX NBIS-USDT	+0.0040%	8h	234.15	−0.026%	$13K	$61K	20x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.86	−0.149%	$151K	$525K	10x	as long as short
Vest NBIS-USD-PERP	+0.0052%	1h	234.17	−0.017%	—	$250K	5x	as long as short
QFEX NBIS-USD	+0.0053%	1h	233.74	−0.201%	$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	233.94	−0.115%	$474K	$237K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.10	−0.047%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.12	−0.037%	—	—	10x	as long as short
Variational Omni NBIS	+0.0217%	8h	234.03	−0.076%	$2.9M	$631K	—	as long as short
Coinbase International NBIS-PERP-INTX	+0.0224%	1h	234.06	−0.064%	$383K	$862K	10x	as long as short
Bybit NBISUSDT	+0.0239%	8h	233.88	−0.141%	$5.4M	$6.9M	50x	as long as short
Aster NBISUSDT	+0.0243%	8h	234.44	+0.100%	$81K	$314K	50x	as long as short
BloFin NBIS-USDTlong	+0.0274%	8h	234.21	long leg	$208K	$219K	20x
Binance NBISUSDT	+0.0279%	8h	233.94	−0.115%	$20.6M	$90.8M	25x	as long as short
Extended NBIS-USD	+0.0280%	1h	233.72	−0.210%	$146K	$999K	10x	as long as short
Phoenix NBIS	+0.0377%	1h	234.04	−0.073%	$7K	$115K	10x	as long as short
edgeX NBISUSDC	+0.0381%	4h	234.03	−0.076%	$31K	$234K	10x	as long as short
Polymarket Perps NBIS-USDshort	+0.0421%	1h	233.78	−0.184%	$129K	$478K	10x
tradeXYZ xyz:NBIS	+0.0448%	1h	233.85	−0.154%	$55.6M	$18.7M	10x	as long as short
Nado NBIS-PERP	+0.0468%	1h	233.69	−0.220%	$38K	$85K	3x	as long as short
Lighter NBIS	+0.0472%	1h	233.92	−0.124%	$949K	$3.7M	10x	as long as short
SoDEX NBIS-USD	+0.0529%	1h	233.95	−0.111%	$1K	$20K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0575%	8h	234.14	−0.029%	$5K	$102K	10x	as long as short
Entropy io:NBIS	+0.0802%	1h	234.04	−0.073%	$10.2M	$2.9M	10x	as long as short
Arcus NBIS-USD	+0.0870%	1h	233.72	−0.209%	$42K	$117K	5x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0904%	1h	234.18	−0.013%	$35K	$48K	10x	as long as short