Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h —

Price spread now: Aevo against Coinbase International−0.148%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aevo is 0.148% cheaper against Coinbase International than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NBIS-PERP-INTX	230.62	0.0168	pay 0.0021% / 1h	26m 49s	$353K	$792K	10x
Short	Aevo NBIS-PERP	230.28	0.0104	get 0.0013% / 1h	26m 49s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Coinbase International. 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 Coinbase InternationalbpFee AevobpOrdersPrice spread, now −0.148%Rate

Funding earned: −$13.44
Price spread: −0.148% → 0.000%: −$14.78
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$54.22
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 22 min ago; Aevo: 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 Coinbase International live order book, 22 min ago	7.11 bp	13.8 bp −$14	21.3 bp −$213	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.0441%	8h	230.45	−0.074%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.30	−0.140%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.24	−0.167%	$144K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.29	−0.144%	$18.3M	$86.6M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.16	−0.199%	$4.9M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.28	−0.147%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.28	−0.147%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.59	−0.013%	$2.9M	$555K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.84	+0.094%	$5K	$118K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.61	−0.004%	$759	$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
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	230.22	−0.173%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.52	−0.043%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.43	−0.082%	$1.6M	$955K	10x	as long as short
Nado NBIS-PERP	+0.0007%	1h	230.34	−0.122%	$37K	$115K	3x	as long as short
BloFin NBIS-USDT	+0.0026%	8h	230.62	0.000%	$205K	$204K	20x	as long as short
QFEX NBIS-USD	+0.0029%	1h	230.36	−0.113%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.54	−0.035%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.35	−0.117%	—	$219K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.25	−0.160%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.35	−0.117%	$97	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.75	+0.056%	$159K	$531K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0056%	1h	230.16	−0.199%	$53.5M	$20.5M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.21	−0.178%	$474K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.24	−0.165%	$2K	$3K	10x	as long as short
Aevo NBIS-PERPshort	+0.0104%	1h	230.28	−0.148%	—	—	10x
Coinbase International NBIS-PERP-INTXlong	+0.0168%	1h	230.62	long leg	$353K	$792K	10x
Lighter NBIS	+0.0208%	1h	230.31	−0.134%	$920K	$4.0M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0224%	1h	230.21	−0.176%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	231.01	+0.169%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0296%	1h	230.56	−0.026%	$10.0M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0884%	4h	230.81	+0.084%	$37K	$225K	10x	as long as short