Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0037%/8h= −4.1% APRpaid last 24h +0.047%

Price spread now: tradeXYZ against BloFin−0.013%48s7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.426% of the position

Long on BloFin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.191%+$19 on $10k

Price spread, last 4 days (all we have)+0.290%+$29 · spread now −0.013%, 7d avg −0.010%

Together, before fees+0.481%+ Points / potential airdroptradeXYZ: Active · farm board+$48 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.191%, so the current rate has only just turned against you. The two prices were read 48 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	235.56	0.0098	pay 0.0098% / 8h	5h 00m	$207K	$205K	20x
Short	tradeXYZ xyz:NBIS	235.53	0.0060	get 0.0008% / 1h	0m 25s	$55.2M	$19.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$7.85
Price spread: −0.013% → −0.010%: −$0.29
Slippage, 4 orders: −$12.59
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$50.73
Costs to cover: 0.426%
Break-even: never at this rate

Slippage from BloFin: live order book, 37 min ago; tradeXYZ: live order book, 9 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, 37 min ago	2.13 bp	10.1 bp −$10	17.4 bp −$174	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.64 bp	9.8 bp −$10	13.6 bp −$136	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
Nado NBIS-PERP	−0.0023%	1h	235.60	+0.017%	$64K	$100K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.67	+0.047%	$5.1M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.59	+0.013%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.62	+0.025%	$2.8M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.61	+0.021%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.42	−0.061%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.51	−0.021%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.41	−0.064%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.50	−0.025%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.55	−0.004%	$1.6M	$960K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0023%	1h	235.58	+0.008%	$1.5M	$4.2M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.32	−0.102%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.91	+0.149%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.53	−0.013%	$150K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.51	−0.021%	$42	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.37	−0.081%	$164K	$500K	10x	as long as short
tradeXYZ xyz:NBISshort	+0.0060%	1h	235.53	−0.013%	$55.2M	$19.6M	10x
Variational Omni NBIS	+0.0066%	8h	235.50	−0.025%	$2.9M	$566K	—	as long as short
BloFin NBIS-USDTlong	+0.0098%	8h	235.56	long leg	$207K	$205K	20x
KuCoin NBISUSDTM	+0.0100%	8h	235.44	−0.051%	$485K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.62	+0.025%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.62	+0.024%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	235.35	−0.089%	$389K	$725K	10x	as long as short
Aster NBISUSDT	+0.0107%	8h	235.64	+0.033%	$81K	$307K	50x	as long as short
Binance NBISUSDT	+0.0112%	8h	235.67	+0.047%	$19.3M	$84.4M	25x	as long as short
Extended NBIS-USD	+0.0112%	1h	235.60	+0.018%	$147K	$706K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0151%	1h	235.33	−0.096%	$24K	$15K	20x	as long as short
Lighter NBIS	+0.0256%	1h	235.68	+0.051%	$902K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	235.30	−0.110%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0514%	1h	235.52	−0.017%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0535%	4h	235.54	−0.006%	$38K	$227K	10x	as long as short