Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0139%/8h= +15.2% APRpaid last 24h +0.026%

Price spread now: Nado against Orderly−0.029%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.029% cheaper against Orderly than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 17 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NBIS_USDC_mythos	233.83	0.0100	pay 0.0100% / 8h	5h 44m	$2K	$3K	10x
Short	Nado NBIS-PERP	233.76	0.0239	get 0.0030% / 1h	44m 15s	$38K	$85K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.029%Rate

Funding earned: $29.17
Price spread: −0.029% → 0.000%: −$2.93
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $13.24
Costs to cover: 0.130%
Break-even: 3.8 days

Slippage unknown: Orderly: no order-book sample; Nado: live order book, 66 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 Nado live order book, 66 min ago	11.93 bp	35.1 bp −$35	134.3 bp −$1,343	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 exchanges

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
OKX NBIS-USDT-SWAP	0.0000%	8h	233.66	−0.073%	$3.3M	$16.6M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.79	−0.017%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.77	−0.026%	$2.3M	$4.6M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.59	−0.103%	$1K	$1.4M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	233.57	−0.111%	$35K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.47	+0.274%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.84	+0.004%	$1.6M	$969K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.12	+0.124%	—	$250K	5x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.37	−0.197%	$152K	$532K	10x	as long as short
QFEX NBIS-USD	+0.0058%	1h	233.85	+0.009%	$1.6M	$3.6M	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NBISUSDTM	+0.0100%	8h	233.66	−0.073%	$474K	$185K	20x	as long as short
Orderly PERP_NBIS_USDC_mythoslong	+0.0100%	8h	233.83	long leg	$2K	$3K	10x
Aevo NBIS-PERP	+0.0104%	1h	233.84	+0.006%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	234.06	+0.098%	$383K	$883K	10x	as long as short
Variational Omni NBIS	+0.0111%	8h	233.75	−0.036%	$2.9M	$646K	—	as long as short
Bybit NBISUSDT	+0.0111%	8h	233.97	+0.060%	$5.4M	$7.0M	50x	as long as short
Polymarket Perps NBIS-USD	+0.0120%	1h	233.81	−0.009%	$133K	$476K	10x	as long as short
edgeX NBISUSDC	+0.0130%	4h	234.18	+0.150%	$31K	$234K	10x	as long as short
Aster NBISUSDT	+0.0146%	8h	234.26	+0.184%	$75K	$314K	50x	as long as short
Binance NBISUSDT	+0.0181%	8h	233.82	−0.006%	$20.6M	$91.5M	25x	as long as short
Extended NBIS-USD	+0.0184%	1h	233.72	−0.048%	$149K	$842K	10x	as long as short
BloFin NBIS-USDT	+0.0197%	8h	233.87	+0.017%	$207K	$217K	20x	as long as short
Nado NBIS-PERPshort	+0.0239%	1h	233.76	−0.029%	$38K	$85K	3x
Kraken Futures PF_NBISUSD	+0.0370%	1h	233.49	−0.146%	$22K	$11K	20x	as long as short
Phoenix NBIS	+0.0377%	1h	233.68	−0.064%	$7K	$127K	10x	as long as short
Lighter NBIS	+0.0392%	1h	233.88	+0.021%	$945K	$3.8M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0394%	1h	233.90	+0.030%	$55.3M	$19.2M	10x	as long as short
Arcus NBIS-USD	+0.0413%	1h	233.79	−0.017%	$42K	$119K	5x	as long as short
SoDEX NBIS-USD	+0.0495%	1h	233.85	+0.009%	$84	$19K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0560%	8h	234.24	+0.176%	$4K	$101K	10x	as long as short
Entropy io:NBIS	+0.0773%	1h	233.90	+0.030%	$10.2M	$3.0M	10x	as long as short