Settings8H · net · $10k
Funding arb · Price arb /

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0202%/8h= +22.2% APRpaid last 24h +0.013%
Price spread now: BloFin against Ondo Perps−0.030%7-day average +0.035% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.034%−$3 on $10k
Price spread, last 3 days (all we have)−0.026%−$3 · spread now −0.030%, 7d avg +0.035%
Together, before fees−0.060%+ Points / potential airdropOndo Perps: Active · farm board−$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.065% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.035%). If the spread goes back, that is −$6 on $10k: about 26 hours of funding at the current rate (+$6 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.034% in total (about -1.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps NBIS-USD.P236.210.0050pay 0.0006% / 1h45m 06s$175K$507K10x
ShortBloFin NBIS-USDT236.140.0253get 0.0253% / 8h7h 45m$205K$213K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Ondo Perps. 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

Funding earned
$42.49
Price spread: −0.030% → +0.035%
−$6.49
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee BloFin: 6 bp × 2 orders
−$12
Net
$19
Costs to cover
0.170%
Break-even
3.9 days
Slippage unknown: Ondo Perps: no order-book sample; BloFin: live order book, 20 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell BloFin live order book, 20 min ago2.35 bp9.7 bp −$1022.9 bp −$229doesn't fitdoesn't fit
Ondo Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NBISUSD−0.0178%1h235.97−0.103%$24K$15K20xas long as short
OKX NBIS-USDT-SWAP0.0000%8h236.08−0.055%$3.4M$16.9M25xas long as short
Bitget NBISUSDT0.0000%8h236.10−0.047%$2.5M$4.7M20xas long as short
SunX NBIS-USDT0.0000%8h236.35+0.059%$1K$1.7M10xas long as short
Phemex NBISUSDT0.0000%8h235.99−0.093%$1.6M$973K10xas long as short
HTX NBIS-USDT+0.0008%8h236.39+0.076%$15K$112K20xas long as short
Coinbase International NBIS-PERP-INTX+0.0016%1h235.49−0.305%$361K$683K10xas long as short
QFEX NBIS-USD+0.0038%1h236.13−0.034%$1.5M$5.1M10xas long as short
Vest NBIS-USD-PERP+0.0046%1h236.44+0.097%$234K5xas long as short
Ondo Perps NBIS-USD.Plong+0.0050%1h236.21long leg$175K$507K10x
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NBIS_USDT+0.0091%8h236.06−0.064%$2.8M$5.1M50xas long as short
KuCoin NBISUSDTM+0.0100%8h235.92−0.123%$486K$24K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h236.15−0.025%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h236.03−0.076%10xas long as short
Variational Omni NBIS+0.0213%8h236.31+0.044%$2.9M$817Kas long as short
Nado NBIS-PERP+0.0214%1h236.14−0.030%$29K$63K3xas long as short
Aster NBISUSDT+0.0231%8h235.93−0.119%$82K$308K50xas long as short
Bybit NBISUSDT+0.0233%8h236.15−0.025%$5.2M$6.5M50xas long as short
Extended NBIS-USD+0.0248%1h236.04−0.071%$137K$850K10xas long as short
Binance NBISUSDT+0.0250%8h236.10−0.047%$19.6M$85.9M25xas long as short
BloFin NBIS-USDTshort+0.0253%8h236.14−0.030%$205K$213K20x
Deribit NBIS_USDC-PERPETUAL+0.0301%1h236.01−0.085%$35K$48K10xas long as short
Lighter NBIS+0.0360%1h236.14−0.030%$929K$4.4M10xas long as short
Arcus NBIS-USD+0.0366%1h236.11−0.042%$44K$132K5xas long as short
edgeX NBISUSDC+0.0391%4h236.21+0.001%$38K$229K10xas long as short
Phoenix NBIS+0.0409%1h236.34+0.055%$7K$163K10xas long as short
GRVT NBIS_USDT_Perp+0.0498%8h236.24+0.012%$5K$137K10xas long as short
SoDEX NBIS-USD+0.0525%1h236.02−0.080%$33$20K10xas long as short
Polymarket Perps NBIS-USD+0.0726%1h236.07−0.059%$138K$431K10xas long as short
tradeXYZ xyz:NBIS+0.0841%1h236.04−0.072%$55.2M$23.6M10xas long as short
Entropy io:NBIS+0.0940%1h236.10−0.047%$10.3M$3.4M10xas long as short