Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h +0.079%

Price spread now: tradeXYZ against HTX−0.115%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.294%+$29 on $10k

Price spread, last 3 days (all we have)+0.133%+$13 · spread now −0.115%, 7d avg −0.016%

Together, before fees+0.427%+ Points / potential airdroptradeXYZ: Active · farm board+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.099% cheaper against HTX than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of −0.016%). If the spread goes back, that is −$10 on $10k: about 5.1 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.294% in total) that is about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NBIS-USDT	234.32	0	get 0.0000% / 8h	6h 14m	$15K	$60K	20x
Short	tradeXYZ xyz:NBIS	234.05	0.0065	get 0.0008% / 1h	14m 42s	$54.7M	$20.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.115%Rate

Funding earned: $13.59
Price spread: −0.115% → −0.016%: −$9.88
Slippage, 4 orders: −$17.21
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$43.5
Costs to cover: 0.472%
Break-even: 29.4 days

Slippage from HTX: live order book, 51 min ago; tradeXYZ: live order book, 5 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 HTX live order book, 51 min ago	2.33 bp	12.4 bp −$12	26.7 bp −$267	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.43 bp	10.6 bp −$11	14.6 bp −$146	doesn't fit	doesn't fit

NBIS on 30 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
Bybit NBISUSDT	0.0000%	8h	234.19	−0.055%	$5.1M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.17	−0.064%	$3.4M	$16.4M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.16	−0.068%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.24	−0.034%	$2.4M	$4.5M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.07	−0.105%	$5K	$128K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.28	−0.017%	$944	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.12	−0.085%	$35K	$48K	10x	as long as short
HTX NBIS-USDTlong	0.0000%	8h	234.32	long leg	$15K	$60K	20x
Phemex NBISUSDT	0.0000%	8h	234.23	−0.038%	$1.6M	$972K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	234.13	−0.081%	$1.5M	$4.5M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USD	+0.0040%	1h	234.08	−0.102%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.37	+0.021%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.17	−0.064%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.19	−0.055%	$56	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.10	−0.094%	$164K	$498K	10x	as long as short
tradeXYZ xyz:NBISshort	+0.0065%	1h	234.05	−0.115%	$54.7M	$20.0M	10x
Nado NBIS-PERP	+0.0066%	1h	234.11	−0.089%	$67K	$95K	3x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	234.04	−0.121%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.14	−0.077%	$482K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.19	−0.055%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.20	−0.050%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	233.89	−0.184%	$383K	$714K	10x	as long as short
Variational Omni NBIS	+0.0174%	8h	234.17	−0.063%	$2.8M	$571K	—	as long as short
Aster NBISUSDT	+0.0186%	8h	234.36	+0.016%	$81K	$314K	50x	as long as short
Extended NBIS-USD	+0.0200%	1h	234.12	−0.085%	$147K	$699K	10x	as long as short
Binance NBISUSDT	+0.0200%	8h	234.17	−0.065%	$19.2M	$84.8M	25x	as long as short
Lighter NBIS	+0.0232%	1h	234.18	−0.060%	$904K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	234.27	−0.021%	$7K	$152K	10x	as long as short
Entropy io:NBIS	+0.0405%	1h	234.18	−0.060%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0978%	4h	234.03	−0.125%	$38K	$227K	10x	as long as short