Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0120%/8h= −13.2% APRpaid last 24h −0.047%

Price spread now: OKX against Nado+0.029%7-day average +0.006% · you sell dearer than you buy

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

Long on Nado Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.078%−$8 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.029%, 7d avg +0.006%

Together, before fees−0.141%+ Points / potential airdropNado: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.023% dearer against Nado than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of +0.006%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NBIS-PERP	231.93	0.0120	pay 0.0015% / 1h	7m 32s	$38K	$54K	3x
Short	OKX NBIS-USDT-SWAP	232.00	0	get 0.0000% / 8h	4h 07m	$3.3M	$16.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$25.28
Price spread: +0.029% → +0.006%: $2.32
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$39.97
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; OKX: live order book, 4 min ago. 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 no order-book sample	—	—	—	—	—
Sell OKX live order book, 4 min ago	1.72 bp	12.2 bp −$12	38.1 bp −$381	doesn't fit	doesn't fit

Nado: 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 exchanges

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
OKX NBIS-USDT-SWAPshort	0.0000%	8h	232.00	+0.029%	$3.3M	$16.1M	25x
Gate NBIS_USDT	0.0000%	8h	232.03	+0.042%	$2.7M	$4.9M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	231.99	+0.025%	$2.2M	$4.4M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	232.50	+0.245%	$1K	$1.3M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	232.12	+0.081%	$36K	$51K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	232.52	+0.254%	$12K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	232.03	+0.042%	$1.6M	$967K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0040%	1h	232.07	+0.061%	$22K	$10K	20x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	232.23	+0.128%	—	$245K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.97	+0.016%	$129K	$467K	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX NBIS-USD	+0.0050%	1h	232.10	+0.072%	$1K	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.37	+0.189%	$151K	$508K	10x	as long as short
QFEX NBIS-USD	+0.0053%	1h	232.02	+0.038%	$1.6M	$3.6M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.00	+0.029%	$471K	$294K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.32	+0.167%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.31	+0.164%	—	—	10x	as long as short
Nado NBIS-PERPlong	+0.0120%	1h	231.93	long leg	$38K	$54K	3x
Bybit NBISUSDT	+0.0132%	8h	231.98	+0.021%	$5.4M	$6.9M	50x	as long as short
Variational Omni NBIS	+0.0135%	8h	232.46	+0.228%	$2.9M	$621K	—	as long as short
Aster NBISUSDT	+0.0165%	8h	232.52	+0.254%	$80K	$314K	50x	as long as short
Binance NBISUSDT	+0.0181%	8h	232.13	+0.085%	$20.5M	$89.8M	25x	as long as short
Extended NBIS-USD	+0.0184%	1h	232.02	+0.039%	$146K	$1.0M	10x	as long as short
BloFin NBIS-USDT	+0.0210%	8h	232.64	+0.305%	$207K	$214K	20x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0224%	1h	232.43	+0.215%	$380K	$856K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0234%	8h	232.62	+0.297%	$5K	$101K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0241%	1h	231.95	+0.008%	$55.3M	$19.1M	10x	as long as short
Lighter NBIS	+0.0304%	1h	232.05	+0.051%	$930K	$3.8M	10x	as long as short
Phoenix NBIS	+0.0444%	1h	232.51	+0.249%	$7K	$117K	10x	as long as short
edgeX NBISUSDC	+0.0638%	4h	232.50	+0.243%	$31K	$233K	10x	as long as short
Entropy io:NBIS	+0.0640%	1h	232.23	+0.128%	$10.1M	$2.8M	10x	as long as short
Arcus NBIS-USD	+0.0870%	1h	231.95	+0.008%	$42K	$116K	5x	as long as short