Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%

Price spread now: OKX against Ondo Perps+0.104%7-day average +0.021% · you sell dearer than you buy

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

Long on Ondo Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.104%, 7d avg +0.021%

Together, before fees−0.057%+ Points / potential airdropOndo Perps: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.082% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of +0.021%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NBIS-USD.P	231.06	0.0050	pay 0.0006% / 1h	32m 58s	$150K	$543K	10x
Short	OKX NBIS-USDT-SWAP	231.30	0	get 0.0000% / 8h	32m 58s	$3.3M	$16.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee Ondo PerpsbpFee OKXbpOrdersPrice spread, now +0.104%Rate

Funding earned: −$10.58
Price spread: +0.104% → +0.021%: $8.24
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$17.35
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, just now. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell OKX live order book, just now	1.08 bp	10.4 bp −$10	27.7 bp −$277	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NBISUSDT	−0.0432%	8h	231.38	+0.138%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.37	+0.135%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.33	+0.116%	$148K	$876K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.39	+0.143%	$18.7M	$87.8M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.35	+0.126%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAPshort	0.0000%	8h	231.30	+0.104%	$3.3M	$16.1M	25x
Gate NBIS_USDT	0.0000%	8h	231.37	+0.134%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.17	+0.048%	$2.8M	$594K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.32	+0.112%	$4K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.36	+0.130%	$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	231.45	+0.169%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.36	+0.130%	$1.6M	$969K	10x	as long as short
BloFin NBIS-USDT	+0.0011%	8h	231.41	+0.151%	$204K	$209K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.16	+0.043%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.49	+0.186%	$1.5M	$3.8M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.30	+0.104%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.36	+0.130%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.Plong	+0.0050%	1h	231.06	long leg	$150K	$543K	10x
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.290%	$353K	$805K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.18	+0.052%	$477K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.43	+0.160%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.32	+0.115%	—	—	10x	as long as short
SoDEX NBIS-USD	+0.0116%	1h	231.36	+0.130%	$97	$20K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0151%	1h	231.24	+0.078%	$54.3M	$21.1M	10x	as long as short
Nado NBIS-PERP	+0.0173%	1h	231.14	+0.036%	$38K	$116K	3x	as long as short
Phoenix NBIS	+0.0312%	1h	231.13	+0.030%	$7K	$125K	10x	as long as short
edgeX NBISUSDC	+0.0332%	4h	231.30	+0.102%	$37K	$227K	10x	as long as short
Lighter NBIS	+0.0352%	1h	231.29	+0.100%	$933K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0440%	1h	231.28	+0.095%	$10.1M	$3.1M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0442%	1h	231.36	+0.130%	$34K	$49K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.37	+0.135%	$23K	$15K	20x	as long as short