Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.004%

Price spread now: Vest against Bybit+0.043%47s7-day average +0.480% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.034%−$3 on $10k

Price spread, last 4 days (all we have)+0.372%+$37 · spread now +0.043%, 7d avg +0.480%

Together, before fees+0.339%+ Points / potential airdropVest: Active · farm board+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. Vest is 0.438% cheaper against Bybit than usual: you would sell low and buy high (spread +0.043% now, against its 7-day average of +0.480%). If the spread goes back, that is −$44 on $10k: about 32 days of funding at the current rate (+$1 a day). The two prices were read 47 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	Bybit NBISUSDT	234.24	0	get 0.0000% / 8h	6h 13m	$5.1M	$6.3M	50x
Short	Vest NBIS-USD-PERP	234.34	0.0046	get 0.0006% / 1h	13m 46s	—	$215K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpOrdersPrice spread, now +0.043%Rate

Funding earned: $9.59
Price spread: +0.043% → +0.480%: −$43.78
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Vest: 1 bp × 2 orders: −$2
Net: −$47.19
Costs to cover: 0.130%
Break-even: 41.4 days

Slippage unknown: Bybit: live order book, 4 min ago; Vest: 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 Bybit live order book, 4 min ago	2.99 bp	12.5 bp −$13	60.9 bp −$609	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 30 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	234.24	long leg	$5.1M	$6.3M	50x
OKX NBIS-USDT-SWAP	0.0000%	8h	234.21	−0.013%	$3.4M	$16.4M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.23	−0.004%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.24	0.000%	$2.4M	$4.5M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.07	−0.071%	$5K	$128K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.28	+0.017%	$944	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.02	−0.094%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.32	+0.034%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.20	−0.017%	$1.6M	$972K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	234.13	−0.047%	$1.5M	$4.5M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USD	+0.0040%	1h	234.08	−0.068%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERPshort	+0.0046%	1h	234.34	+0.043%	—	$215K	5x
Polymarket Perps NBIS-USD	+0.0050%	1h	234.10	−0.060%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.18	−0.026%	$56	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.10	−0.060%	$164K	$498K	10x	as long as short
Nado NBIS-PERP	+0.0065%	1h	234.06	−0.078%	$67K	$95K	3x	as long as short
tradeXYZ xyz:NBIS	+0.0067%	1h	234.10	−0.060%	$54.7M	$20.0M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	234.05	−0.083%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.14	−0.043%	$482K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.15	−0.038%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.14	−0.043%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	233.89	−0.149%	$383K	$714K	10x	as long as short
Variational Omni NBIS	+0.0174%	8h	234.17	−0.029%	$2.8M	$571K	—	as long as short
Aster NBISUSDT	+0.0183%	8h	234.38	+0.058%	$81K	$314K	50x	as long as short
Binance NBISUSDT	+0.0199%	8h	234.16	−0.036%	$19.2M	$84.8M	25x	as long as short
Extended NBIS-USD	+0.0200%	1h	234.11	−0.057%	$147K	$699K	10x	as long as short
Lighter NBIS	+0.0232%	1h	234.19	−0.021%	$904K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	234.27	+0.013%	$7K	$152K	10x	as long as short
Entropy io:NBIS	+0.0405%	1h	234.18	−0.026%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0978%	4h	234.03	−0.090%	$38K	$227K	10x	as long as short