Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.012%

Price spread now: Vest against OKX+0.026%7-day average +0.466% · you sell dearer than you buy

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

Long on OKX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.018%+$2 on $10k

Price spread, last 4 days (all we have)+0.035%+$4 · spread now +0.026%, 7d avg +0.466%

Together, before fees+0.053%+ Points / potential airdropVest: Active · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Vest is 0.441% cheaper against OKX than usual: you would sell low and buy high (spread +0.026% now, against its 7-day average of +0.466%). If the spread goes back, that is −$44 on $10k: about 32 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.018% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NBIS-USDT-SWAP	232.21	0	get 0.0000% / 8h	2h 08m	$3.3M	$16.2M	25x
Short	Vest NBIS-USD-PERP	232.27	0.0046	get 0.0006% / 1h	8m 32s	—	$220K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.026%Rate

Funding earned: $9.59
Price spread: +0.026% → +0.466%: −$44.06
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$46.47
Costs to cover: 0.120%
Break-even: 40.9 days

Slippage unknown: OKX: live order book, 5 min ago; Vest: 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 OKX live order book, 5 min ago	1.94 bp	11.8 bp −$12	34.5 bp −$345	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	−0.0456%	8h	232.27	+0.026%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	232.08	−0.057%	$85K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	232.13	−0.035%	$146K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	232.20	−0.004%	$18.6M	$87.0M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	232.25	+0.017%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAPlong	0.0000%	8h	232.21	long leg	$3.3M	$16.2M	25x
Gate NBIS_USDT	0.0000%	8h	232.36	+0.065%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	232.26	+0.023%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.32	+0.048%	$5K	$117K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	232.42	+0.090%	$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	232.24	+0.013%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	232.10	−0.047%	$1.6M	$957K	10x	as long as short
BloFin NBIS-USDT	+0.0003%	8h	232.30	+0.039%	$202K	$206K	20x	as long as short
QFEX NBIS-USD	+0.0029%	1h	232.20	−0.004%	$1.5M	$3.9M	10x	as long as short
Nado NBIS-PERP	+0.0039%	1h	232.02	−0.083%	$38K	$115K	3x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.98	−0.099%	$42K	$132K	5x	as long as short
edgeX NBISUSDC	+0.0045%	4h	232.19	−0.008%	$37K	$226K	10x	as long as short
Vest NBIS-USD-PERPshort	+0.0046%	1h	232.27	+0.026%	—	$220K	5x
Polymarket Perps NBIS-USD	+0.0050%	1h	232.15	−0.026%	$138K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.09	−0.052%	$152K	$548K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.03	−0.078%	$478K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.19	−0.009%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.14	−0.031%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0111%	1h	232.18	−0.013%	$54.6M	$21.1M	10x	as long as short
SoDEX NBIS-USD	+0.0157%	1h	232.17	−0.017%	$98	$20K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	231.92	−0.125%	$351K	$815K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0222%	1h	232.28	+0.031%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	232.31	+0.043%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0248%	1h	232.21	0.000%	$939K	$4.0M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0267%	1h	232.24	+0.013%	$34K	$49K	10x	as long as short
Entropy io:NBIS	+0.0384%	1h	231.96	−0.108%	$10.1M	$3.2M	10x	as long as short