Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.044%

Price spread now: Coinbase International against Orderly+0.047%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.047% dearer against Orderly than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NBIS_USDC_mythos	232.19	0.0100	pay 0.0100% / 8h	2h 44m	$2K	$3K	10x
Short	Coinbase International NBIS-PERP-INTX	232.30	0.0168	get 0.0021% / 1h	44m 48s	$361K	$771K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. 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 OrderlybpFee Coinbase InternationalbpOrdersPrice spread, now +0.047%Rate

Funding earned: $14.28
Price spread: +0.047% → 0.000%: $4.74
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $3.02
Costs to cover: 0.160%
Break-even: 5.5 days

Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 4 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 Orderly no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 4 min ago	7.11 bp	12.2 bp −$12	17.9 bp −$179	doesn't fit	doesn't fit

Orderly: 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	−0.0102%	8h	232.32	+0.056%	$2.3M	$4.5M	20x	as long as short
BloFin NBIS-USDT	−0.0025%	8h	232.13	−0.026%	$205K	$205K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	232.32	+0.055%	$83K	$310K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	232.14	−0.022%	$145K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	232.29	+0.043%	$18.8M	$85.7M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	232.33	+0.060%	$4.9M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	232.25	+0.026%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.21	+0.009%	$2.7M	$5.0M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	232.03	−0.069%	$2.9M	$555K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.07	−0.053%	$5K	$118K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	232.32	+0.056%	$1K	$1.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	232.14	−0.022%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	232.08	−0.047%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	232.14	−0.022%	$1.6M	$956K	10x	as long as short
Nado NBIS-PERP	+0.0024%	1h	232.07	−0.053%	$38K	$115K	3x	as long as short
QFEX NBIS-USD	+0.0029%	1h	232.29	+0.043%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	232.13	−0.026%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	232.23	+0.017%	—	$217K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	232.24	+0.022%	$143K	$459K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	232.08	−0.047%	$93	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.14	−0.022%	$160K	$506K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0069%	1h	232.13	−0.026%	$54.1M	$20.2M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.16	−0.013%	$478K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythoslong	+0.0100%	8h	232.19	long leg	$2K	$3K	10x
Aevo NBIS-PERP	+0.0104%	1h	232.13	−0.027%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTXshort	+0.0168%	1h	232.30	+0.047%	$361K	$771K	10x
Kraken Futures PF_NBISUSD	+0.0222%	1h	232.09	−0.044%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	232.54	+0.151%	$7K	$150K	10x	as long as short
edgeX NBISUSDC	+0.0276%	4h	232.05	−0.061%	$37K	$227K	10x	as long as short
Lighter NBIS	+0.0312%	1h	232.18	−0.004%	$929K	$3.9M	10x	as long as short
Entropy io:NBIS	+0.0450%	1h	232.25	+0.026%	$10.1M	$3.2M	10x	as long as short