Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0154%/8h= +16.9% APRpaid last 24h −0.012%

Price spread now: SoDEX against BloFin−0.056%7-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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—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. SoDEX is 0.056% cheaper against BloFin than usual: you would sell low and buy high (spread −0.056% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 29 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NBIS-USDT	232.30	0.0003	pay 0.0003% / 8h	2h 08m	$202K	$206K	20x
Short	SoDEX NBIS-USD	232.17	0.0157	get 0.0020% / 1h	8m 51s	$98	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.056%Rate

Funding earned: $32.35
Price spread: −0.056% → 0.000%: −$5.6
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $6.76
Costs to cover: 0.200%
Break-even: 5.5 days

Slippage unknown: BloFin: live order book, 7 min ago; SoDEX: 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, 7 min ago	0.86 bp	9.8 bp −$10	21.8 bp −$218	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 NBISUSDT	−0.0469%	8h	232.21	−0.039%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	232.10	−0.088%	$85K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	232.13	−0.072%	$146K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	232.22	−0.033%	$18.6M	$87.0M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	232.24	−0.026%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	232.16	−0.060%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.18	−0.052%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	232.26	−0.015%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.32	+0.009%	$5K	$117K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	232.42	+0.052%	$1K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	232.24	−0.026%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	232.10	−0.086%	$1.6M	$957K	10x	as long as short
BloFin NBIS-USDTlong	+0.0003%	8h	232.30	long leg	$202K	$206K	20x
QFEX NBIS-USD	+0.0029%	1h	232.35	+0.022%	$1.5M	$3.9M	10x	as long as short
Nado NBIS-PERP	+0.0038%	1h	232.25	−0.022%	$38K	$115K	3x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.92	−0.164%	$42K	$132K	5x	as long as short
edgeX NBISUSDC	+0.0045%	4h	232.19	−0.047%	$37K	$226K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	232.30	0.000%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	232.22	−0.034%	$138K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.09	−0.090%	$152K	$548K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.02	−0.121%	$478K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.19	−0.047%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.14	−0.070%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0111%	1h	232.16	−0.060%	$54.6M	$21.1M	10x	as long as short
SoDEX NBIS-USDshort	+0.0157%	1h	232.17	−0.056%	$98	$20K	10x
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	231.92	−0.164%	$351K	$815K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0222%	1h	232.28	−0.008%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	232.31	+0.004%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0248%	1h	232.19	−0.047%	$939K	$4.0M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0267%	1h	232.24	−0.026%	$34K	$49K	10x	as long as short
Entropy io:NBIS	+0.0383%	1h	231.99	−0.133%	$10.1M	$3.2M	10x	as long as short