Settings8H · net · $10k
Funding arb · Price arb /

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%
Price spread now: Vest against Phemex−0.069%45s7-day average +0.441% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.047%+$5 on $10k
Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.069%, 7d avg +0.441%
Together, before fees+0.130%+ Points / potential airdropVest: Active · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. Vest is 0.510% cheaper against Phemex than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of +0.441%). If the spread goes back, that is −$51 on $10k: about 37 days of funding at the current rate (+$1 a day). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex NBISUSDT232.460get 0.0000% / 8h2h 09m$1.6M$957K10x
ShortVest NBIS-USD-PERP232.300.0046get 0.0006% / 1h9m 33s$220K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against Phemex. 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

Funding earned
$9.59
Price spread: −0.069% → +0.441%
−$50.98
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Vest: 1 bp × 2 orders
−$2
Net
−$55.38
Costs to cover
0.140%
Break-even
47.4 days
Slippage unknown: Phemex: live order book, 3 min ago; Vest: 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
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 3 min ago5.39 bp38.6 bp −$39doesn't fitdoesn't fitdoesn't fit
Sell Vest no order-book sample
Vest: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NBISUSDT−0.0469%8h232.34−0.052%$2.3M$4.6M20xas long as short
BloFin NBIS-USDT−0.0008%8h232.16−0.129%$204K$206K20xas long as short
Aster NBISUSDT0.0000%8h232.26−0.087%$85K$311K50xas long as short
Extended NBIS-USD0.0000%1h232.30−0.071%$146K$753K10xas long as short
Binance NBISUSDT0.0000%8h232.32−0.060%$18.6M$87.0M25xas long as short
Bybit NBISUSDT0.0000%8h232.35−0.047%$4.9M$6.5M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h232.27−0.082%$3.3M$16.2M25xas long as short
Gate NBIS_USDT0.0000%8h232.41−0.022%$2.7M$5.1M50xas long as short
Variational Omni NBIS0.0000%8h232.26−0.084%$2.8M$602Kas long as short
GRVT NBIS_USDT_Perp0.0000%8h232.32−0.060%$5K$117K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX NBIS-USDT0.0000%8h232.17−0.125%$1K$1.6M10xas long as short
HTX NBIS-USDT0.0000%8h232.24−0.095%$15K$61K20xas long as short
Phemex NBISUSDTlong0.0000%8h232.46long leg$1.6M$957K10x
QFEX NBIS-USD+0.0029%1h232.35−0.047%$1.5M$3.9M10xas long as short
Nado NBIS-PERP+0.0038%1h232.25−0.091%$38K$115K3xas long as short
Arcus NBIS-USD+0.0040%1h231.92−0.232%$42K$132K5xas long as short
edgeX NBISUSDC+0.0045%4h232.19−0.116%$37K$226K10xas long as short
Vest NBIS-USD-PERPshort+0.0046%1h232.30−0.069%$220K5x
Polymarket Perps NBIS-USD+0.0050%1h232.22−0.103%$138K$473K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h232.09−0.159%$152K$548K10xas long as short
KuCoin NBISUSDTM+0.0100%8h232.15−0.133%$478K$20K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h232.30−0.069%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h232.30−0.070%10xas long as short
tradeXYZ xyz:NBIS+0.0111%1h232.28−0.077%$54.6M$21.1M10xas long as short
SoDEX NBIS-USD+0.0139%1h232.28−0.077%$102$20K10xas long as short
Coinbase International NBIS-PERP-INTX+0.0168%1h231.92−0.232%$351K$815K10xas long as short
Kraken Futures PF_NBISUSD+0.0222%1h232.24−0.094%$23K$15K20xas long as short
Phoenix NBIS+0.0242%1h232.31−0.065%$7K$150K10xas long as short
Lighter NBIS+0.0248%1h232.42−0.017%$940K$4.0M10xas long as short
Deribit NBIS_USDC-PERPETUAL+0.0310%1h232.15−0.133%$34K$49K10xas long as short
Entropy io:NBIS+0.0383%1h231.99−0.202%$10.1M$3.2M10xas long as short