Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.041%

Price spread now: Coinbase International against KuCoin−0.009%7-day average +0.149% · you buy dearer than you sell

Net, funding: paid 7d − costs−$296as in the Funding arb table

Net, price: spread back to 7d avg − costs−$343as in the Price arb table

costs, in and out, $10k−$3273.273% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.316%+$32 on $10k

Price spread, last 4 days (all we have)+0.180%+$18 · spread now −0.009%, 7d avg +0.149%

Together, before fees+0.495%+$50 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.158% cheaper against KuCoin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.149%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.316%, 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	230.92	0.0100	pay 0.0100% / 8h	3m 08s	$476K	$31K	20x
Short	Coinbase International NBIS-PERP-INTX	230.90	0.0056	get 0.0007% / 1h	3m 08s	$357K	$811K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$9.24
Price spread: −0.009% → +0.149%: −$15.81
Slippage, 4 orders: −$305.32
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$352.37
Costs to cover: 3.273%
Break-even: never at this rate

Slippage from KuCoin: live order book, 30 min ago; Coinbase International: live order book, 35 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, 30 min ago	23.35 bp	150.8 bp −$151	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 35 min ago	6.27 bp	12.3 bp −$12	21.0 bp −$210	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
Bitget NBISUSDT	−0.0362%	8h	231.26	+0.147%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0024%	8h	231.21	+0.126%	$204K	$212K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.20	+0.121%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.16	+0.106%	$145K	$876K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.23	+0.136%	$18.8M	$88.0M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.24	+0.139%	$4.9M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.13	+0.091%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.20	+0.121%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.07	+0.067%	$2.8M	$590K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.02	+0.042%	$4K	$115K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	231.25	+0.143%	$1K	$1.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	231.10	+0.078%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	231.04	+0.052%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.26	+0.147%	$1.6M	$972K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.95	+0.013%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.25	+0.143%	$1.5M	$3.7M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.07	+0.065%	—	$223K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.14	+0.095%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	231.20	+0.121%	$83	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.94	+0.009%	$150K	$542K	10x	as long as short
Coinbase International NBIS-PERP-INTXshort	+0.0056%	1h	230.90	−0.009%	$357K	$811K	10x
KuCoin NBISUSDTMlong	+0.0100%	8h	230.92	long leg	$476K	$31K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.15	+0.100%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.13	+0.092%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0119%	1h	231.10	+0.078%	$54.1M	$21.2M	10x	as long as short
Nado NBIS-PERP	+0.0172%	1h	231.10	+0.076%	$38K	$116K	3x	as long as short
Lighter NBIS	+0.0256%	1h	231.18	+0.113%	$940K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0312%	1h	231.11	+0.082%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0405%	1h	231.05	+0.056%	$10.1M	$3.1M	10x	as long as short
edgeX NBISUSDC	+0.0505%	4h	230.94	+0.007%	$37K	$227K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.18	+0.113%	$23K	$15K	20x	as long as short