Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.014%

Price spread now: Extended against KuCoin+0.064%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1541.537% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.064%, 7d avg +0.026%

Together, before fees−0.078%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.038% dearer against KuCoin than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of +0.026%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.100% in total) that is about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NBISUSDTM	231.18	0.0100	pay 0.0100% / 8h	32m 53s	$477K	$20K	20x
Short	Extended NBIS-USD	231.33	0	get 0.0000% / 1h	32m 53s	$148K	$876K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$21
Price spread: +0.064% → +0.026%: $3.82
Slippage, 4 orders: −$136.75
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$170.93
Costs to cover: 1.537%
Break-even: never at this rate

Slippage from KuCoin: live order book, 71 min ago; Extended: 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 KuCoin live order book, 71 min ago	23.88 bp	67.6 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	2.16 bp	12.1 bp −$12	135.3 bp −$1,353	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	−0.0432%	8h	231.42	+0.104%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.38	+0.086%	$84K	$311K	50x	as long as short
Extended NBIS-USDshort	0.0000%	1h	231.33	+0.064%	$148K	$876K	10x
Binance NBISUSDT	0.0000%	8h	231.44	+0.112%	$18.7M	$87.8M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.35	+0.074%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.31	+0.056%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.38	+0.087%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.17	−0.004%	$2.8M	$594K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.32	+0.060%	$4K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.36	+0.078%	$1K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	231.45	+0.117%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.36	+0.078%	$1.6M	$969K	10x	as long as short
BloFin NBIS-USDT	+0.0011%	8h	231.41	+0.099%	$204K	$209K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.16	−0.009%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.49	+0.134%	$1.5M	$3.8M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.30	+0.052%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.36	+0.078%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.06	−0.052%	$150K	$543K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.342%	$353K	$805K	10x	as long as short
KuCoin NBISUSDTMlong	+0.0100%	8h	231.18	long leg	$477K	$20K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.43	+0.108%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.32	+0.063%	—	—	10x	as long as short
SoDEX NBIS-USD	+0.0116%	1h	231.36	+0.078%	$97	$20K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0149%	1h	231.28	+0.043%	$54.3M	$21.1M	10x	as long as short
Nado NBIS-PERP	+0.0173%	1h	231.14	−0.016%	$38K	$116K	3x	as long as short
Phoenix NBIS	+0.0312%	1h	231.13	−0.022%	$7K	$125K	10x	as long as short
edgeX NBISUSDC	+0.0332%	4h	231.30	+0.050%	$37K	$227K	10x	as long as short
Lighter NBIS	+0.0344%	1h	231.43	+0.108%	$933K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0440%	1h	231.25	+0.030%	$10.1M	$3.1M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0442%	1h	231.36	+0.078%	$34K	$49K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.37	+0.083%	$23K	$15K	20x	as long as short