Settings8H · net · $10k
Funding arb · Price arb /

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0062%/8h= −6.8% APRnext payment $0.08 per $10,000 · paid last 24h −0.070%
Price spread now: SoDEX against Coinbase International+0.124%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. SoDEX is 0.124% dearer against Coinbase International than usual: you sell high and buy low (spread +0.124% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.7 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International NBIS-PERP-INTX233.890.0112pay 0.0014% / 1h13m 41s$383K$714K10x
ShortSoDEX NBIS-USD234.180.0050get 0.0006% / 1h13m 41s$56$20K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
−$13.02
Price spread: +0.124% → 0.000%
$12.4
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$18.62
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 55 min ago; SoDEX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 55 min ago4.88 bp11.3 bp −$1118.0 bp −$180doesn't fitdoesn't fit
Sell SoDEX no order-book sample
SoDEX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NBISUSDT0.0000%8h234.24+0.150%$5.1M$6.3M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h234.21+0.137%$3.4M$16.4M25xas long as short
Gate NBIS_USDT0.0000%8h234.23+0.145%$2.8M$5.0M50xas long as short
Bitget NBISUSDT0.0000%8h234.24+0.150%$2.4M$4.5M20xas long as short
GRVT NBIS_USDT_Perp0.0000%8h234.07+0.079%$5K$128K10xas long as short
SunX NBIS-USDT0.0000%8h234.28+0.167%$944$1.7M10xas long as short
Deribit NBIS_USDC-PERPETUAL0.0000%1h234.02+0.056%$35K$48K10xas long as short
HTX NBIS-USDT0.0000%8h234.32+0.184%$15K$60K20xas long as short
Phemex NBISUSDT0.0000%8h234.20+0.133%$1.6M$972K10xas long as short
QFEX NBIS-USD+0.0024%1h234.13+0.103%$1.5M$4.5M10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus NBIS-USD+0.0040%1h234.08+0.081%$42K$132K5xas long as short
Vest NBIS-USD-PERP+0.0046%1h234.34+0.192%$215K5xas long as short
Polymarket Perps NBIS-USD+0.0050%1h234.10+0.090%$149K$453K10xas long as short
SoDEX NBIS-USDshort+0.0050%1h234.18+0.124%$56$20K10x
Ondo Perps NBIS-USD.P+0.0050%1h234.10+0.090%$164K$498K10xas long as short
Nado NBIS-PERP+0.0065%1h234.06+0.072%$67K$95K3xas long as short
tradeXYZ xyz:NBIS+0.0067%1h234.10+0.090%$54.7M$20.0M10xas long as short
Kraken Futures PF_NBISUSD+0.0096%1h234.05+0.067%$24K$15K20xas long as short
KuCoin NBISUSDTM+0.0100%8h234.14+0.107%$482K$21K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h234.15+0.111%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h234.14+0.106%10xas long as short
Coinbase International NBIS-PERP-INTXlong+0.0112%1h233.89long leg$383K$714K10x
Variational Omni NBIS+0.0174%8h234.17+0.120%$2.8M$571Kas long as short
Aster NBISUSDT+0.0183%8h234.38+0.208%$81K$314K50xas long as short
Binance NBISUSDT+0.0199%8h234.16+0.114%$19.2M$84.8M25xas long as short
Extended NBIS-USD+0.0200%1h234.11+0.093%$147K$699K10xas long as short
Lighter NBIS+0.0232%1h234.19+0.128%$904K$4.4M10xas long as short
Phoenix NBIS+0.0306%1h234.27+0.162%$7K$152K10xas long as short
Entropy io:NBIS+0.0405%1h234.18+0.124%$10.2M$3.3M10xas long as short
edgeX NBISUSDC+0.0978%4h234.03+0.059%$38K$227K10xas long as short