Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.014%

Price spread now: OKX against Extended+0.040%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$450.447% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.040%, 7d avg +0.032%

Together, before fees+0.045%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NBIS-USD	231.31	0.0056	pay 0.0007% / 1h	15m 18s	$145K	$854K	10x
Short	OKX NBIS-USDT-SWAP	231.40	0	get 0.0000% / 8h	6h 15m	$3.3M	$16.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$11.76
Price spread: +0.040% → +0.032%: $0.85
Slippage, 4 orders: −$29.75
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$55.66
Costs to cover: 0.447%
Break-even: never at this rate

Slippage from Extended: live order book, 35 min ago; OKX: live order book, 1 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, 35 min ago	1.74 bp	12.3 bp −$12	93.3 bp −$933	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	1.73 bp	8.2 bp −$8	23.6 bp −$236	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-SWAPshort	0.0000%	8h	231.40	+0.040%	$3.3M	$16.6M	25x
Gate NBIS_USDT	0.0000%	8h	231.43	+0.053%	$2.7M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	231.50	+0.083%	$2.3M	$4.7M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.95	−0.154%	$1K	$1.5M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.79	−0.224%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.29	−0.007%	$1.6M	$969K	10x	as long as short
Variational Omni NBIS	+0.0003%	8h	231.23	−0.035%	$2.8M	$642K	—	as long as short
Aster NBISUSDT	+0.0025%	8h	231.31	+0.002%	$74K	$315K	50x	as long as short
edgeX NBISUSDC	+0.0026%	4h	230.87	−0.187%	$37K	$228K	10x	as long as short
Bybit NBISUSDT	+0.0026%	8h	231.44	+0.057%	$4.9M	$6.8M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0046%	1h	231.35	+0.019%	—	$250K	5x	as long as short
BloFin NBIS-USDT	+0.0046%	8h	230.89	−0.180%	$205K	$219K	20x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.42	+0.049%	$138K	$472K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	231.06	−0.107%	$65	$19K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.64	−0.288%	$151K	$538K	10x	as long as short
QFEX NBIS-USD	+0.0054%	1h	231.43	+0.053%	$1.5M	$3.7M	10x	as long as short
Extended NBIS-USDlong	+0.0056%	1h	231.31	long leg	$145K	$854K	10x
Binance NBISUSDT	+0.0057%	8h	231.46	+0.066%	$19.6M	$91.6M	25x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0088%	1h	230.69	−0.267%	$380K	$873K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.10	−0.089%	$469K	$149K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.31	+0.001%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.30	−0.002%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0127%	1h	231.19	−0.049%	$38K	$116K	3x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0139%	1h	231.29	−0.007%	$34K	$50K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0253%	8h	230.93	−0.165%	$5K	$104K	10x	as long as short
Arcus NBIS-USD	+0.0257%	1h	231.38	+0.032%	$42K	$122K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0296%	1h	231.42	+0.049%	$54.4M	$20.4M	10x	as long as short
Phoenix NBIS	+0.0347%	1h	231.09	−0.094%	$7K	$127K	10x	as long as short
Lighter NBIS	+0.0384%	1h	231.39	+0.036%	$936K	$4.1M	10x	as long as short
Entropy io:NBIS	+0.0659%	1h	231.10	−0.089%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0769%	1h	231.10	−0.088%	$22K	$11K	20x	as long as short