Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Bybit against Extended+0.042%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$500.495% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.042%, 7d avg +0.035%

Together, before fees+0.063%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NBIS-USD	230.69	0	get 0.0000% / 1h	15m 01s	$149K	$635K	10x
Short	Bybit NBISUSDT	230.79	0	get 0.0000% / 8h	1h 15m	$4.9M	$6.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → +0.035%: $0.72
Slippage, 4 orders: −$33.55
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$48.82
Costs to cover: 0.495%
Break-even: never at this rate

Slippage from Extended: live order book, 28 min ago; Bybit: live order book, 3 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, 28 min ago	1.74 bp	11.8 bp −$12	95.6 bp −$956	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.95 bp	13.7 bp −$14	78.4 bp −$784	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	−0.0574%	8h	230.84	+0.064%	$2.3M	$4.5M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.70	+0.001%	$84K	$311K	50x	as long as short
Extended NBIS-USDlong	0.0000%	1h	230.69	long leg	$149K	$635K	10x
Binance NBISUSDT	0.0000%	8h	230.77	+0.035%	$18.5M	$87.3M	25x	as long as short
Bybit NBISUSDTshort	0.0000%	8h	230.79	+0.042%	$4.9M	$6.7M	50x
OKX NBIS-USDT-SWAP	0.0000%	8h	230.69	−0.001%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.93	+0.103%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.80	+0.046%	$2.8M	$599K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.86	+0.072%	$5K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.76	+0.029%	$967	$1.6M	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	231.03	+0.146%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.84	+0.064%	$1.6M	$964K	10x	as long as short
BloFin NBIS-USDT	+0.0014%	8h	230.79	+0.042%	$203K	$205K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.71	+0.007%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.77	+0.033%	—	$221K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.70	+0.003%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.74	+0.020%	$115	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.92	+0.098%	$151K	$543K	10x	as long as short
Nado NBIS-PERP	+0.0055%	1h	230.67	−0.009%	$37K	$115K	3x	as long as short
QFEX NBIS-USD	+0.0056%	1h	230.83	+0.059%	$1.5M	$3.8M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0073%	1h	230.58	−0.049%	$54.2M	$21.0M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0097%	1h	230.70	+0.003%	$34K	$49K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.70	+0.003%	$475K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.75	+0.025%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.71	+0.007%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	230.39	−0.131%	$351K	$812K	10x	as long as short
Lighter NBIS	+0.0184%	1h	230.73	+0.016%	$954K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	230.85	+0.068%	$7K	$150K	10x	as long as short
edgeX NBISUSDC	+0.0345%	4h	230.91	+0.093%	$37K	$227K	10x	as long as short
Entropy io:NBIS	+0.0351%	1h	230.77	+0.033%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0685%	1h	230.65	−0.017%	$23K	$15K	20x	as long as short