Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0176%/8h= −19.3% APRpaid last 24h −0.053%

Price spread now: Bitget against Extended−0.052%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$590.586% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.052%, 7d avg +0.037%

Together, before fees+0.094%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bitget is 0.089% cheaper against Extended than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.037%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.056%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NBIS-USD	234.31	0.0176	pay 0.0022% / 1h	47m 29s	$150K	$846K	10x
Short	Bitget NBISUSDT	234.19	0	get 0.0000% / 8h	5h 47m	$2.3M	$4.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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 ExtendedbpFee BitgetbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$36.96
Price spread: −0.052% → +0.037%: −$8.88
Slippage, 4 orders: −$41.57
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$104.41
Costs to cover: 0.586%
Break-even: never at this rate

Slippage from Extended: live order book, 63 min ago; Bitget: live order book, 4 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 Extended live order book, 63 min ago	1.74 bp	12.3 bp −$12	93.3 bp −$933	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.13 bp	17.6 bp −$18	28.6 bp −$286	42.4 bp −$4,236	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
Deribit NBIS_USDC-PERPETUAL	−0.0091%	1h	234.33	+0.008%	$35K	$49K	10x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.16	−0.065%	$3.3M	$16.6M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.08	−0.099%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDTshort	0.0000%	8h	234.19	−0.052%	$2.3M	$4.6M	20x
SunX NBIS-USDT	0.0000%	8h	234.71	+0.170%	$951	$1.4M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.77	+0.195%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.46	+0.063%	$1.6M	$969K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.46	+0.063%	—	$250K	5x	as long as short
QFEX NBIS-USD	+0.0058%	1h	234.22	−0.039%	$1.6M	$3.6M	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0069%	1h	234.23	−0.035%	$155K	$535K	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NBIS	+0.0097%	8h	234.69	+0.161%	$2.9M	$636K	—	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.06	−0.108%	$474K	$182K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.13	−0.078%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.18	−0.055%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	232.69	−0.692%	$381K	$877K	10x	as long as short
Bybit NBISUSDT	+0.0116%	8h	234.15	−0.069%	$5.4M	$7.0M	50x	as long as short
BloFin NBIS-USDT	+0.0137%	8h	234.71	+0.170%	$158K	$218K	20x	as long as short
Aster NBISUSDT	+0.0141%	8h	234.48	+0.070%	$75K	$314K	50x	as long as short
Polymarket Perps NBIS-USD	+0.0147%	1h	234.19	−0.052%	$138K	$472K	10x	as long as short
Extended NBIS-USDlong	+0.0176%	1h	234.31	long leg	$150K	$846K	10x
Binance NBISUSDT	+0.0176%	8h	234.16	−0.064%	$20.6M	$91.3M	25x	as long as short
Nado NBIS-PERP	+0.0246%	1h	234.10	−0.091%	$38K	$85K	3x	as long as short
Kraken Futures PF_NBISUSD	+0.0369%	1h	234.14	−0.076%	$22K	$11K	20x	as long as short
Phoenix NBIS	+0.0377%	1h	234.94	+0.268%	$7K	$127K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0402%	1h	234.09	−0.095%	$55.4M	$19.2M	10x	as long as short
Arcus NBIS-USD	+0.0413%	1h	234.30	−0.005%	$42K	$119K	5x	as long as short
Lighter NBIS	+0.0424%	1h	234.23	−0.035%	$946K	$3.8M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0550%	8h	234.83	+0.221%	$4K	$101K	10x	as long as short
edgeX NBISUSDC	+0.0702%	4h	234.68	+0.156%	$31K	$233K	10x	as long as short
Entropy io:NBIS	+0.0809%	1h	234.20	−0.048%	$10.2M	$3.0M	10x	as long as short
SoDEX NBIS-USD	+0.1034%	1h	234.50	+0.080%	$75	$19K	10x	as long as short