Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.097%

Price spread now: Kraken Futures against HTX−0.038%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.038% cheaper against HTX than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 20 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NBIS-USDT	234.04	0	get 0.0000% / 8h	5h 46m	$15K	$60K	20x
Short	Kraken Futures PF_NBISUSD	233.95	0.0152	get 0.0019% / 1h	46m 20s	$23K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against HTX. 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 HTXbpFee Kraken FuturesbpOrdersPrice spread, now −0.038%Rate

Funding earned: $31.93
Price spread: −0.038% → 0.000%: −$3.78
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $6.15
Costs to cover: 0.220%
Break-even: 5.7 days

Slippage unknown: HTX: live order book, 80 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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 HTX live order book, 80 min ago	2.33 bp	12.4 bp −$12	26.7 bp −$267	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Nado NBIS-PERP	−0.0021%	1h	233.96	−0.035%	$67K	$95K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	234.06	+0.009%	$5.0M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.04	0.000%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.09	+0.021%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.07	+0.013%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.25	+0.092%	$5K	$127K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.04	0.000%	$971	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	233.93	−0.047%	$35K	$48K	10x	as long as short
HTX NBIS-USDTlong	0.0000%	8h	234.04	long leg	$15K	$60K	20x
Phemex NBISUSDT	0.0000%	8h	234.04	0.000%	$1.6M	$966K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0023%	1h	234.07	+0.013%	$1.5M	$4.4M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.94	−0.043%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.25	+0.090%	—	$215K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	234.01	−0.013%	$54.6M	$19.7M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.01	−0.013%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.01	−0.013%	$23	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.91	−0.056%	$163K	$499K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.00	−0.017%	$482K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.00	−0.017%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.00	−0.017%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	233.53	−0.218%	$382K	$712K	10x	as long as short
Variational Omni NBIS	+0.0121%	8h	234.14	+0.042%	$2.8M	$569K	—	as long as short
Aster NBISUSDT	+0.0133%	8h	234.20	+0.070%	$81K	$307K	50x	as long as short
Binance NBISUSDT	+0.0143%	8h	234.07	+0.014%	$19.1M	$84.7M	25x	as long as short
Extended NBIS-USD	+0.0144%	1h	234.01	−0.012%	$146K	$703K	10x	as long as short
BloFin NBIS-USDT	+0.0151%	8h	234.01	−0.013%	—	$204K	20x	as long as short
Kraken Futures PF_NBISUSDshort	+0.0152%	1h	233.95	−0.038%	$23K	$15K	20x
Lighter NBIS	+0.0232%	1h	234.09	+0.021%	$903K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	234.23	+0.081%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0410%	1h	234.05	+0.004%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0722%	4h	233.94	−0.043%	$38K	$227K	10x	as long as short