Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.016%

Price spread now: Bybit against OKX+0.078%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$470.468% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$8 on $10k

Price spread, last 7 days−0.080%−$8 · spread now +0.078%, 7d avg −0.001%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.079% dearer against OKX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NBIS-USDT-SWAP	230.82	0	get 0.0000% / 8h	1h 26m	$3.3M	$16.2M	25x
Short	Bybit NBISUSDT	231.00	0	get 0.0000% / 8h	1h 26m	$4.9M	$6.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.078%Rate

Funding earned: $0
Price spread: +0.078% → −0.001%: $7.95
Slippage, 4 orders: −$25.82
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$38.88
Costs to cover: 0.468%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 2 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 OKX live order book, 2 min ago	2.17 bp	8.7 bp −$9	26.6 bp −$266	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.95 bp	16.5 bp −$16	74.7 bp −$747	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	−0.0592%	8h	230.94	+0.052%	$2.3M	$4.5M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.77	−0.021%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.77	−0.022%	$149K	$635K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.94	+0.051%	$18.5M	$87.3M	25x	as long as short
Bybit NBISUSDTshort	0.0000%	8h	231.00	+0.078%	$4.9M	$6.6M	50x
OKX NBIS-USDT-SWAPlong	0.0000%	8h	230.82	long leg	$3.3M	$16.2M	25x
Gate NBIS_USDT	0.0000%	8h	230.98	+0.069%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.57	−0.108%	$2.8M	$601K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.56	−0.113%	$5K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.74	−0.035%	$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	230.74	−0.035%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.92	+0.043%	$1.6M	$963K	10x	as long as short
BloFin NBIS-USDT	+0.0004%	8h	230.75	−0.030%	$204K	$205K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.58	−0.104%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.73	−0.039%	—	$221K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.75	−0.030%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.85	+0.013%	$106	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.43	−0.169%	$151K	$548K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	230.70	−0.052%	$1.5M	$3.8M	10x	as long as short
Nado NBIS-PERP	+0.0077%	1h	230.56	−0.115%	$37K	$115K	3x	as long as short
tradeXYZ xyz:NBIS	+0.0095%	1h	230.80	−0.009%	$54.3M	$21.0M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.76	−0.026%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.87	+0.022%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.84	+0.008%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	230.39	−0.186%	$351K	$812K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0184%	1h	230.77	−0.022%	$34K	$49K	10x	as long as short
edgeX NBISUSDC	+0.0187%	4h	230.88	+0.024%	$37K	$226K	10x	as long as short
Lighter NBIS	+0.0240%	1h	230.92	+0.043%	$956K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	230.90	+0.035%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0356%	1h	230.65	−0.074%	$10.0M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0684%	1h	230.88	+0.026%	$23K	$15K	20x	as long as short