Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.016%

Price spread now: SunX against Ondo Perps+0.085%7-day average +0.019% · you sell dearer than you buy

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

Long on Ondo Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.165%−$16 on $10k

Price spread, last 4 days (all we have)−0.206%−$21 · spread now +0.085%, 7d avg +0.019%

Together, before fees−0.370%+ Points / potential airdropOndo Perps: Active · farm board−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.066% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of +0.019%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NBIS-USD.P	235.24	0.0050	pay 0.0006% / 1h	10m 40s	$161K	$503K	10x
Short	SunX NBIS-USDT	235.44	0	get 0.0000% / 8h	4h 10m	$1K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$10.58
Price spread: +0.085% → +0.019%: $6.59
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$16.99
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; SunX: live order book, 5 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell SunX live order book, 5 min ago	45.49 bp	64.6 bp −$65	doesn't fit	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
Nado NBIS-PERP	−0.0055%	1h	235.26	+0.010%	$38K	$115K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.40	+0.068%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.34	+0.043%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.41	+0.072%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.42	+0.077%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	235.40	+0.069%	$2.9M	$561K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.29	+0.021%	$5K	$120K	10x	as long as short
SunX NBIS-USDTshort	0.0000%	8h	235.44	+0.085%	$1K	$1.7M	10x
HTX NBIS-USDT	0.0000%	8h	235.32	+0.034%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.47	+0.098%	$1.6M	$955K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX NBISUSDC	+0.0029%	4h	235.20	−0.017%	$38K	$227K	10x	as long as short
Aster NBISUSDT	+0.0036%	8h	235.33	+0.038%	$79K	$310K	50x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.34	+0.043%	$1.5M	$4.2M	10x	as long as short
Extended NBIS-USD	+0.0040%	1h	235.32	+0.036%	$150K	$701K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.22	−0.009%	$43K	$132K	5x	as long as short
Binance NBISUSDT	+0.0041%	8h	235.41	+0.072%	$19.4M	$84.5M	25x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.54	+0.128%	—	$216K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	235.35	+0.047%	$54.9M	$19.9M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.29	+0.021%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.34	+0.043%	$52	$21K	10x	as long as short
Ondo Perps NBIS-USD.Plong	+0.0050%	1h	235.24	long leg	$161K	$503K	10x
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	235.56	+0.136%	$389K	$724K	10x	as long as short
BloFin NBIS-USDT	+0.0058%	8h	235.45	+0.089%	$207K	$205K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.11	−0.055%	$484K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.29	+0.021%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.27	+0.011%	—	—	10x	as long as short
Lighter NBIS	+0.0160%	1h	235.32	+0.034%	$903K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0272%	1h	235.26	+0.009%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0426%	1h	235.25	+0.004%	$10.2M	$3.2M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0477%	1h	235.41	+0.071%	$24K	$15K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0899%	1h	235.30	+0.026%	$35K	$49K	10x	as long as short