NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h −0.059%

Price spread now: Polymarket Perps against Coinbase International−0.552%47s7-day average −0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as 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−$300.300% of the position

Long on Coinbase International Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.431%−$43 on $10k

Price spread, last 4 days (all we have)+0.431%+$43 · spread now −0.552%, 7d avg −0.104%

Together, before fees0.000%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.448% cheaper against Coinbase International than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of −0.104%). Swap the legs. 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	Coinbase International NBIS-PERP-INTX	235.56	0.0104	pay 0.0013% / 1h	44m 28s	$389K	$724K	10x
Short	Polymarket Perps NBIS-USD	234.26	0.0050	get 0.0006% / 1h	44m 28s	$147K	$456K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.552%Rate

Funding earned: −$11.34
Price spread: −0.552% → −0.104%: −$44.79
Slippage, 4 orders: −$11.98
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$86.11
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 9 min ago; Polymarket Perps: live order book, 8 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 Coinbase International live order book, 9 min ago	2.99 bp	8.9 bp −$9	16.6 bp −$166	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 8 min ago	2.56 bp	6.6 bp −$7	7.3 bp −$73	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
BloFin NBIS-USDT	−0.0011%	8h	234.47	−0.463%	$207K	$206K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	234.60	−0.409%	$79K	$310K	50x	as long as short
Bybit NBISUSDT	0.0000%	8h	234.38	−0.501%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.26	−0.552%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.35	−0.514%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.43	−0.480%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	234.44	−0.476%	$2.9M	$557K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	233.86	−0.722%	$4K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.48	−0.458%	$924	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.27	−0.548%	$35K	$49K	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	234.45	−0.471%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.43	−0.480%	$1.6M	$954K	10x	as long as short
Binance NBISUSDT	+0.0002%	8h	234.37	−0.507%	$19.3M	$84.6M	25x	as long as short
Extended NBIS-USD	+0.0008%	1h	234.29	−0.541%	$147K	$699K	10x	as long as short
QFEX NBIS-USD	+0.0034%	1h	234.37	−0.505%	$1.5M	$4.0M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	234.17	−0.590%	$42K	$132K	5x	as long as short
Nado NBIS-PERP	+0.0044%	1h	234.37	−0.507%	$38K	$115K	3x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.55	−0.429%	—	$216K	5x	as long as short
Kraken Futures PF_NBISUSD	+0.0048%	1h	234.22	−0.570%	$23K	$15K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	234.24	−0.560%	$54.6M	$20.0M	10x	as long as short
Polymarket Perps NBIS-USDshort	+0.0050%	1h	234.26	−0.552%	$147K	$456K	10x
SoDEX NBIS-USD	+0.0050%	1h	234.39	−0.497%	$80	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.36	−0.509%	$160K	$502K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.30	−0.535%	$483K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.37	−0.505%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.37	−0.505%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTXlong	+0.0104%	1h	235.56	long leg	$389K	$724K	10x
Phoenix NBIS	+0.0239%	1h	234.36	−0.509%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0248%	1h	234.34	−0.518%	$914K	$3.9M	10x	as long as short
Entropy io:NBIS	+0.0323%	1h	234.31	−0.531%	$10.2M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0720%	4h	234.32	−0.524%	$38K	$227K	10x	as long as short