Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.014%

Price spread now: Ondo Perps against Orderly+0.021%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 Ondo Perps

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—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

The price spread pays, funding is against you. Ondo Perps is 0.021% dearer against Orderly than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NBIS_USDC_mythos	233.81	0.0100	pay 0.0100% / 8h	4h 56m	$2K	$3K	10x
Short	Ondo Perps NBIS-USD.P	233.86	0.0050	get 0.0006% / 1h	56m 26s	$151K	$524K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$10.42
Price spread: +0.021% → 0.000%: $2.14
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$19.28
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Ondo Perps: no order-book sample. 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 Ondo Perps no order-book sample	—	—	—	—	—

Orderly and 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 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	233.60	−0.090%	$3.3M	$16.3M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.71	−0.043%	$2.8M	$4.8M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.51	−0.128%	$2.3M	$4.4M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.80	−0.004%	$959	$1.4M	10x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.79	−0.009%	$1.6M	$968K	10x	as long as short
HTX NBIS-USDT	+0.0025%	8h	233.85	+0.017%	$13K	$61K	20x	as long as short
Kraken Futures PF_NBISUSD	+0.0039%	1h	233.64	−0.072%	$22K	$10K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0050%	1h	233.75	−0.026%	$35K	$48K	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.50	−0.133%	$129K	$478K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.73	−0.034%	$1K	$20K	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NBIS-USD.Pshort	+0.0050%	1h	233.86	+0.021%	$151K	$524K	10x
Vest NBIS-USD-PERP	+0.0052%	1h	233.94	+0.056%	—	$250K	5x	as long as short
QFEX NBIS-USD	+0.0053%	1h	233.68	−0.056%	$1.6M	$3.6M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.59	−0.094%	$474K	$240K	20x	as long as short
Orderly PERP_NBIS_USDC_mythoslong	+0.0100%	8h	233.81	long leg	$2K	$3K	10x
Aevo NBIS-PERP	+0.0104%	1h	233.84	+0.011%	—	—	10x	as long as short
edgeX NBISUSDC	+0.0145%	4h	234.12	+0.134%	$31K	$232K	10x	as long as short
Nado NBIS-PERP	+0.0179%	1h	233.32	−0.209%	$38K	$80K	3x	as long as short
Variational Omni NBIS	+0.0217%	8h	234.03	+0.095%	$2.9M	$631K	—	as long as short
Coinbase International NBIS-PERP-INTX	+0.0224%	1h	234.06	+0.107%	$383K	$862K	10x	as long as short
Bybit NBISUSDT	+0.0236%	8h	233.61	−0.086%	$5.4M	$6.9M	50x	as long as short
Aster NBISUSDT	+0.0240%	8h	234.15	+0.144%	$81K	$314K	50x	as long as short
tradeXYZ xyz:NBIS	+0.0257%	1h	233.53	−0.120%	$55.5M	$18.7M	10x	as long as short
Binance NBISUSDT	+0.0276%	8h	233.65	−0.068%	$20.6M	$90.4M	25x	as long as short
Extended NBIS-USD	+0.0280%	1h	233.57	−0.103%	$146K	$1.0M	10x	as long as short
BloFin NBIS-USDT	+0.0289%	8h	233.92	+0.047%	$208K	$217K	20x	as long as short
Phoenix NBIS	+0.0377%	1h	233.79	−0.009%	$7K	$117K	10x	as long as short
Lighter NBIS	+0.0504%	1h	233.62	−0.081%	$948K	$3.7M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0575%	8h	234.14	+0.142%	$5K	$102K	10x	as long as short
Entropy io:NBIS	+0.0674%	1h	233.83	+0.009%	$10.2M	$2.9M	10x	as long as short
Arcus NBIS-USD	+0.0870%	1h	233.60	−0.090%	$42K	$117K	5x	as long as short