Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against HTX−0.114%46s7-day average +0.458% · you buy dearer than you sell

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

Long on HTX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.017%+$2 on $10k

Price spread, last 3 days (all we have)+0.134%+$13 · spread now −0.114%, 7d avg +0.458%

Together, before fees+0.151%+ Points / potential airdropVest: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Vest is 0.572% cheaper against HTX than usual: you would sell low and buy high (spread −0.114% now, against its 7-day average of +0.458%). If the spread goes back, that is −$57 on $10k: about 42 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.017% in total) that is about 4 months. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NBIS-USDT	236.25	0	get 0.0000% / 8h	7h 23m	$15K	$112K	20x
Short	Vest NBIS-USD-PERP	235.98	0.0046	get 0.0006% / 1h	23m 30s	—	$224K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpOrdersPrice spread, now −0.114%Rate

Funding earned: $9.59
Price spread: −0.114% → +0.458%: −$57.18
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$61.59
Costs to cover: 0.140%
Break-even: 51.9 days

Slippage unknown: HTX: live order book, 47 min ago; Vest: 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, 47 min ago	0.64 bp	10.7 bp −$11	24.2 bp −$242	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
Kraken Futures PF_NBISUSD	−0.0178%	1h	235.56	−0.293%	$24K	$15K	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.63	−0.262%	$3.4M	$16.8M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.61	−0.271%	$2.8M	$5.1M	50x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.91	−0.144%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.64	−0.258%	$35K	$48K	10x	as long as short
HTX NBIS-USDTlong	0.0000%	8h	236.25	long leg	$15K	$112K	20x
Phemex NBISUSDT	0.0000%	8h	235.55	−0.296%	$1.6M	$973K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0016%	1h	236.05	−0.085%	$386K	$739K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.57	−0.288%	$1.5M	$4.9M	10x	as long as short
Vest NBIS-USD-PERPshort	+0.0046%	1h	235.98	−0.114%	—	$224K	5x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NBISUSDT	+0.0049%	8h	235.63	−0.262%	$5.1M	$6.5M	50x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	236.13	−0.051%	$176K	$505K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.40	−0.360%	$485K	$23K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.72	−0.224%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.69	−0.238%	—	—	10x	as long as short
Bitget NBISUSDT	+0.0108%	8h	235.68	−0.241%	$2.5M	$4.6M	20x	as long as short
SoDEX NBIS-USD	+0.0150%	1h	235.60	−0.275%	$52	$20K	10x	as long as short
Nado NBIS-PERP	+0.0182%	1h	235.47	−0.329%	$31K	$66K	3x	as long as short
edgeX NBISUSDC	+0.0184%	4h	235.95	−0.128%	$38K	$228K	10x	as long as short
Variational Omni NBIS	+0.0240%	8h	236.09	−0.067%	$2.9M	$820K	—	as long as short
Aster NBISUSDT	+0.0248%	8h	235.87	−0.163%	$82K	$308K	50x	as long as short
Binance NBISUSDT	+0.0270%	8h	235.47	−0.328%	$19.6M	$85.6M	25x	as long as short
Extended NBIS-USD	+0.0272%	1h	235.33	−0.389%	$151K	$819K	10x	as long as short
BloFin NBIS-USDT	+0.0291%	8h	236.20	−0.021%	$207K	$212K	20x	as long as short
Polymarket Perps NBIS-USD	+0.0311%	1h	235.66	−0.250%	$134K	$444K	10x	as long as short
Lighter NBIS	+0.0328%	1h	235.67	−0.246%	$925K	$4.5M	10x	as long as short
Arcus NBIS-USD	+0.0366%	1h	235.76	−0.207%	$44K	$132K	5x	as long as short
Phoenix NBIS	+0.0409%	1h	235.89	−0.152%	$7K	$163K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0409%	1h	235.57	−0.288%	$55.1M	$23.7M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0446%	8h	236.00	−0.106%	$5K	$132K	10x	as long as short
Entropy io:NBIS	+0.0870%	1h	235.75	−0.212%	$10.3M	$3.4M	10x	as long as short