Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0153%/8h= +16.7% APRpaid last 24h −0.041%

Price spread now: Variational Omni against Nado+0.087%7-day average +0.014% · you sell dearer than you buy

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

Long on Nado Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.005%$0 · spread now +0.087%, 7d avg +0.014%

Together, before fees−0.004%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Variational Omni is 0.073% dearer against Nado than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NBIS-PERP	235.31	−0.0126	get 0.0016% / 1h	35m 18s	$38K	$115K	3x
Short	Variational Omni NBIS	235.51	0.0027	get 0.0027% / 8h	4h 35m	$2.9M	$563K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.087%Rate

Funding earned: $32.03
Price spread: +0.087% → +0.014%: $7.3
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $32.32
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Nado: live order book, 18 min ago; Variational Omni: RFQ quote, 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 live order book, 18 min ago	6.16 bp	9.7 bp −$10	164.3 bp −$1,643	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.78 bp	doesn't fit	48.7 bp −$487	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-PERPlong	−0.0126%	1h	235.31	long leg	$38K	$115K	3x
Bybit NBISUSDT	0.0000%	8h	235.56	+0.108%	$5.1M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.55	+0.104%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.48	+0.074%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.50	+0.083%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.59	+0.121%	$5K	$119K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.57	+0.113%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.58	+0.117%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.54	+0.100%	$1.6M	$956K	10x	as long as short
Variational Omni NBISshort	+0.0027%	8h	235.51	+0.087%	$2.9M	$563K	—

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0038%	1h	235.51	+0.087%	$1.5M	$4.2M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.41	+0.045%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.73	+0.181%	—	$216K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	235.35	+0.019%	$54.9M	$19.8M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.38	+0.032%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.48	+0.074%	$14	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.53	+0.096%	$161K	$504K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	235.35	+0.019%	$389K	$724K	10x	as long as short
Aster NBISUSDT	+0.0072%	8h	235.46	+0.066%	$79K	$310K	50x	as long as short
Binance NBISUSDT	+0.0076%	8h	235.49	+0.079%	$19.4M	$84.6M	25x	as long as short
Extended NBIS-USD	+0.0080%	1h	235.45	+0.062%	$147K	$702K	10x	as long as short
BloFin NBIS-USDT	+0.0095%	8h	235.58	+0.117%	$207K	$205K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.31	+0.002%	$485K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.49	+0.079%	$2K	$3K	10x	as long as short
Lighter NBIS	+0.0104%	1h	235.43	+0.053%	$898K	$4.0M	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.46	+0.066%	—	—	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0260%	1h	235.53	+0.096%	$35K	$48K	10x	as long as short
Phoenix NBIS	+0.0272%	1h	235.54	+0.100%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0409%	1h	235.49	+0.079%	$10.2M	$3.2M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0477%	1h	235.32	+0.008%	$24K	$15K	20x	as long as short
edgeX NBISUSDC	+0.0882%	4h	235.57	+0.114%	$38K	$226K	10x	as long as short