Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h +0.003%

Price spread now: Arcus against KuCoin+0.017%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1681.678% of the position

Long on KuCoin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.073%+$7 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now +0.017%, 7d avg +0.046%

Together, before fees+0.089%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Arcus is 0.029% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.046%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.073%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NBISUSDTM	235.20	0.0100	pay 0.0100% / 8h	4h 08m	$485K	$21K	20x
Short	Arcus NBIS-USD	235.24	0.0040	get 0.0005% / 1h	8m 26s	$43K	$132K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against KuCoin. 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 KuCoinbpFee ArcusbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$12.54
Price spread: +0.017% → +0.046%: −$2.86
Slippage, 4 orders: −$151.27
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$183.16
Costs to cover: 1.678%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Arcus: live order book, 50 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 KuCoin live order book, 5 min ago	18.93 bp	77.5 bp −$77	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 50 min ago	3.19 bp	11.5 bp −$11	18.6 bp −$186	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
Nado NBIS-PERP	−0.0052%	1h	235.30	+0.041%	$38K	$115K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.48	+0.119%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.31	+0.047%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.40	+0.085%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.38	+0.077%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	235.40	+0.086%	$2.9M	$561K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.47	+0.114%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.42	+0.094%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.36	+0.068%	$35K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.32	+0.051%	$15K	$60K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NBISUSDT	0.0000%	8h	235.46	+0.111%	$1.6M	$955K	10x	as long as short
BloFin NBIS-USDT	+0.0030%	8h	235.40	+0.085%	$207K	$205K	20x	as long as short
Aster NBISUSDT	+0.0035%	8h	235.38	+0.078%	$79K	$310K	50x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.29	+0.038%	$1.5M	$4.1M	10x	as long as short
Binance NBISUSDT	+0.0039%	8h	235.35	+0.064%	$19.4M	$84.5M	25x	as long as short
Extended NBIS-USD	+0.0040%	1h	235.34	+0.061%	$150K	$701K	10x	as long as short
Arcus NBIS-USDshort	+0.0040%	1h	235.24	+0.017%	$43K	$132K	5x
Vest NBIS-USD-PERP	+0.0046%	1h	235.65	+0.191%	—	$216K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	235.34	+0.060%	$54.9M	$19.9M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.31	+0.047%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.42	+0.094%	$66	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.30	+0.043%	$161K	$502K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	235.56	+0.153%	$389K	$724K	10x	as long as short
edgeX NBISUSDC	+0.0074%	4h	235.41	+0.090%	$38K	$226K	10x	as long as short
KuCoin NBISUSDTMlong	+0.0100%	8h	235.20	long leg	$485K	$21K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.39	+0.081%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.39	+0.081%	—	—	10x	as long as short
Lighter NBIS	+0.0168%	1h	235.50	+0.128%	$904K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0272%	1h	235.58	+0.162%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0426%	1h	235.36	+0.068%	$10.2M	$3.2M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0476%	1h	235.42	+0.093%	$24K	$15K	20x	as long as short