Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −1.9% APRpaid last 24h +0.012%

Price spread now: BloFin against Extended−0.038%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.038%, 7d avg +0.052%

Together, before fees+0.050%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.090% cheaper against Extended than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.052%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NBIS-USD	231.07	0	get 0.0000% / 1h	49m 01s	$144K	$689K	10x
Short	BloFin NBIS-USDT	230.98	−0.0018	pay 0.0018% / 8h	49m 01s	$205K	$211K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$3.68
Price spread: −0.038% → +0.052%: −$9
Slippage, 4 orders: −$25.69
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$55.36
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from Extended: live order book, 54 min ago; BloFin: live order book, 22 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, 54 min ago	1.74 bp	11.8 bp −$12	95.6 bp −$956	doesn't fit	doesn't fit
Sell BloFin live order book, 22 min ago	0.22 bp	11.6 bp −$12	22.4 bp −$224	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
Bitget NBISUSDT	−0.0537%	8h	231.19	+0.053%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDTshort	−0.0018%	8h	230.98	−0.038%	$205K	$211K	20x
Aster NBISUSDT	0.0000%	8h	230.90	−0.072%	$84K	$311K	50x	as long as short
Extended NBIS-USDlong	0.0000%	1h	231.07	long leg	$144K	$689K	10x
Binance NBISUSDT	0.0000%	8h	231.13	+0.027%	$18.5M	$87.6M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.15	+0.036%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.09	+0.010%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.11	+0.018%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.57	−0.215%	$2.8M	$595K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.66	−0.177%	$4K	$116K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	231.08	+0.005%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.85	−0.094%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.15	+0.036%	$1.6M	$966K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.57	−0.215%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	230.96	−0.047%	$1.5M	$3.8M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.73	−0.146%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.98	−0.038%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.86	−0.090%	$111	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.52	−0.237%	$150K	$541K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.293%	$353K	$814K	10x	as long as short
Nado NBIS-PERP	+0.0064%	1h	230.90	−0.072%	$38K	$116K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.91	−0.068%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.98	−0.038%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.98	−0.039%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0111%	1h	231.03	−0.016%	$54.3M	$21.1M	10x	as long as short
Lighter NBIS	+0.0304%	1h	231.03	−0.016%	$936K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0306%	1h	230.68	−0.168%	$10.0M	$3.1M	10x	as long as short
Phoenix NBIS	+0.0312%	1h	230.87	−0.086%	$7K	$125K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0313%	1h	230.93	−0.060%	$34K	$49K	10x	as long as short
edgeX NBISUSDC	+0.0349%	4h	230.58	−0.211%	$37K	$227K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0541%	1h	231.01	−0.024%	$23K	$15K	20x	as long as short