Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0224%/8h= −24.5% APRpaid last 24h −0.058%

Price spread now: SunX against Coinbase International+0.179%7-day average −0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$209as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1601.596% of the position

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.498%−$50 on $10k

Price spread, last 4 days (all we have)−0.327%−$33 · spread now +0.179%, 7d avg −0.081%

Together, before fees−0.825%−$83 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.261% dearer against Coinbase International than usual: you sell high and buy low (spread +0.179% now, against its 7-day average of −0.081%): +$26 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NBIS-PERP-INTX	234.06	0.0224	pay 0.0028% / 1h	57m 34s	$383K	$862K	10x
Short	SunX NBIS-USDT	234.48	0	get 0.0000% / 8h	4h 57m	$1K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.179%Rate

Funding earned: −$47.04
Price spread: +0.179% → −0.081%: $26.09
Slippage, 4 orders: −$141.58
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$180.53
Costs to cover: 1.596%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 49 min ago; SunX: live order book, 10 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, 49 min ago	11.13 bp	16.2 bp −$16	22.8 bp −$228	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	45.00 bp	64.0 bp −$64	doesn't fit	doesn't fit	doesn't fit

NBIS on 31 exchanges

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
OKX NBIS-USDT-SWAP	0.0000%	8h	233.72	−0.145%	$3.3M	$16.3M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.71	−0.150%	$2.8M	$4.8M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.83	−0.098%	$2.3M	$4.4M	20x	as long as short
SunX NBIS-USDTshort	0.0000%	8h	234.48	+0.179%	$1K	$1.4M	10x
Phemex NBISUSDT	0.0000%	8h	233.78	−0.120%	$1.6M	$968K	10x	as long as short
HTX NBIS-USDT	+0.0034%	8h	234.15	+0.038%	$13K	$61K	20x	as long as short
Kraken Futures PF_NBISUSD	+0.0039%	1h	233.65	−0.175%	$22K	$10K	20x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.78	−0.120%	$1K	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.86	−0.085%	$151K	$524K	10x	as long as short
Vest NBIS-USD-PERP	+0.0052%	1h	234.13	+0.030%	—	$250K	5x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0053%	1h	233.76	−0.128%	$1.6M	$3.6M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0078%	1h	233.79	−0.115%	$129K	$478K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.65	−0.175%	$474K	$239K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.78	−0.120%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.80	−0.112%	—	—	10x	as long as short
edgeX NBISUSDC	+0.0145%	4h	234.12	+0.027%	$31K	$232K	10x	as long as short
Nado NBIS-PERP	+0.0193%	1h	233.59	−0.200%	$38K	$82K	3x	as long as short
Variational Omni NBIS	+0.0217%	8h	234.03	−0.012%	$2.9M	$631K	—	as long as short
Coinbase International NBIS-PERP-INTXlong	+0.0224%	1h	234.06	long leg	$383K	$862K	10x
Bybit NBISUSDT	+0.0239%	8h	233.79	−0.115%	$5.4M	$6.9M	50x	as long as short
Aster NBISUSDT	+0.0243%	8h	234.29	+0.099%	$81K	$314K	50x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0264%	1h	233.66	−0.171%	$35K	$48K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0273%	1h	233.65	−0.175%	$55.6M	$18.7M	10x	as long as short
BloFin NBIS-USDT	+0.0274%	8h	234.21	+0.064%	$208K	$219K	20x	as long as short
Binance NBISUSDT	+0.0277%	8h	233.75	−0.132%	$20.6M	$90.6M	25x	as long as short
Extended NBIS-USD	+0.0280%	1h	233.64	−0.181%	$146K	$999K	10x	as long as short
Phoenix NBIS	+0.0377%	1h	234.04	−0.009%	$7K	$115K	10x	as long as short
Lighter NBIS	+0.0472%	1h	233.83	−0.098%	$948K	$3.7M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0575%	8h	234.14	+0.035%	$5K	$102K	10x	as long as short
Entropy io:NBIS	+0.0688%	1h	233.90	−0.068%	$10.2M	$2.9M	10x	as long as short
Arcus NBIS-USD	+0.0870%	1h	233.76	−0.128%	$42K	$117K	5x	as long as short