Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.04 per $10,000 · paid last 24h —

Price spread now: Aevo against Nado−0.047%7-day average — · you buy dearer than you sell

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

Long on Nado Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Aevo is 0.047% cheaper against Nado than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 5.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NBIS-PERP	230.49	0.0075	pay 0.0009% / 1h	39m 37s	$37K	$115K	3x
Short	Aevo NBIS-PERP	230.38	0.0104	get 0.0013% / 1h	39m 37s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Nado. 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 NadobpFee AevobpOrdersPrice spread, now −0.047%Rate

Funding earned: $6.09
Price spread: −0.047% → 0.000%: −$4.68
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$21.59
Costs to cover: 0.230%
Break-even: 31.8 days

Slippage unknown: Nado: live order book, 64 min ago; Aevo: 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 Nado live order book, 64 min ago	11.23 bp	29.0 bp −$29	516.7 bp −$5,167	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
Bitget NBISUSDT	−0.0505%	8h	230.33	−0.070%	$2.3M	$4.5M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.27	−0.096%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.31	−0.077%	$144K	$670K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.32	−0.074%	$18.5M	$87.3M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.34	−0.065%	$4.9M	$6.6M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.26	−0.100%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.33	−0.070%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.48	−0.005%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.38	−0.049%	$5K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.55	+0.026%	$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	230.50	+0.004%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.51	+0.008%	$1.6M	$963K	10x	as long as short
BloFin NBIS-USDT	+0.0014%	8h	230.45	−0.018%	$204K	$205K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.42	−0.031%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.44	−0.022%	—	$221K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.45	−0.018%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.42	−0.031%	$92	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.45	−0.018%	$152K	$547K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	230.58	+0.039%	$1.5M	$3.9M	10x	as long as short
Nado NBIS-PERPlong	+0.0075%	1h	230.49	long leg	$37K	$115K	3x
KuCoin NBISUSDTM	+0.0100%	8h	230.20	−0.126%	$474K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.50	+0.004%	$2K	$3K	10x	as long as short
Aevo NBIS-PERPshort	+0.0104%	1h	230.38	−0.047%	—	—	10x
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	230.47	−0.009%	$351K	$812K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0136%	1h	230.20	−0.126%	$54.1M	$20.9M	10x	as long as short
Lighter NBIS	+0.0216%	1h	230.32	−0.074%	$947K	$4.0M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0228%	1h	230.42	−0.031%	$34K	$49K	10x	as long as short
Phoenix NBIS	+0.0311%	1h	230.47	−0.009%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0367%	1h	230.48	−0.005%	$10.0M	$3.1M	10x	as long as short
edgeX NBISUSDC	+0.0470%	4h	230.86	+0.161%	$37K	$228K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0686%	1h	230.53	+0.016%	$23K	$15K	20x	as long as short