Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0078%/8h= +8.5% APRpaid last 24h +0.058%

Price spread now: tradeXYZ against Bybit−0.034%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$560.563% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 7 days−0.021%−$2 · spread now −0.034%, 7d avg −0.036%

Together, before fees+0.128%+ Points / potential airdroptradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NBISUSDT	234.70	0	get 0.0000% / 8h	5h 21m	$5.0M	$6.2M	50x
Short	tradeXYZ xyz:NBIS	234.62	0.0078	get 0.0010% / 1h	21m 35s	$55.0M	$19.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Bybit. 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 BybitbpFee tradeXYZbpOrdersPrice spread, now −0.034%Rate

Funding earned: $16.34
Price spread: −0.034% → −0.036%: $0.16
Slippage, 4 orders: −$27.31
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$39.8
Costs to cover: 0.563%
Break-even: 24.1 days

Slippage from Bybit: live order book, 1 min ago; tradeXYZ: live order book, 7 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 Bybit live order book, 1 min ago	1.92 bp	12.7 bp −$13	67.0 bp −$670	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	0.85 bp	11.3 bp −$11	16.3 bp −$163	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
Bybit NBISUSDTlong	0.0000%	8h	234.70	long leg	$5.0M	$6.2M	50x
OKX NBIS-USDT-SWAP	0.0000%	8h	234.61	−0.038%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.70	0.000%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.66	−0.017%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.58	−0.051%	$4K	$127K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.61	−0.038%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.54	−0.068%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.67	−0.013%	$1.6M	$961K	10x	as long as short
Nado NBIS-PERP	+0.0011%	1h	234.37	−0.140%	$65K	$98K	3x	as long as short
QFEX NBIS-USD	+0.0023%	1h	234.67	−0.013%	$1.5M	$4.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USD	+0.0040%	1h	234.44	−0.111%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.82	+0.051%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.62	−0.034%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.58	−0.051%	$38	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.46	−0.102%	$164K	$498K	10x	as long as short
tradeXYZ xyz:NBISshort	+0.0078%	1h	234.62	−0.034%	$55.0M	$19.6M	10x
Variational Omni NBIS	+0.0091%	8h	234.48	−0.095%	$2.9M	$568K	—	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.40	−0.128%	$483K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.61	−0.038%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.60	−0.042%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	233.53	−0.499%	$382K	$712K	10x	as long as short
Aster NBISUSDT	+0.0122%	8h	234.69	−0.006%	$81K	$307K	50x	as long as short
BloFin NBIS-USDT	+0.0127%	8h	234.60	−0.043%	$207K	$204K	20x	as long as short
Extended NBIS-USD	+0.0128%	1h	234.63	−0.031%	$146K	$702K	10x	as long as short
Binance NBISUSDT	+0.0132%	8h	234.67	−0.014%	$19.2M	$84.5M	25x	as long as short
Kraken Futures PF_NBISUSD	+0.0152%	1h	234.54	−0.067%	$23K	$15K	20x	as long as short
Lighter NBIS	+0.0264%	1h	234.58	−0.051%	$902K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	234.63	−0.030%	$7K	$150K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0433%	1h	234.49	−0.089%	$35K	$48K	10x	as long as short
Entropy io:NBIS	+0.0503%	1h	234.54	−0.068%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0972%	4h	234.37	−0.141%	$38K	$226K	10x	as long as short