Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0269%/8h= +29.4% APRpaid last 24h +0.026%

Price spread now: Arcus against SunX+0.047%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1431.433% of the position

Long on SunX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.154%+$15 on $10k

Price spread, last 3 days (all we have)+0.012%+$1 · spread now +0.047%, 7d avg −0.013%

Together, before fees+0.166%+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Arcus is 0.060% dearer against SunX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NBIS-USDT	234.44	0	get 0.0000% / 8h	38m 46s	$931	$1.8M	10x
Short	Arcus NBIS-USD	234.55	0.0269	get 0.0034% / 1h	38m 46s	$44K	$134K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SunX. 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 SunXbpFee ArcusbpOrdersPrice spread, now +0.047%Rate

Funding earned: $56.46
Price spread: +0.047% → −0.013%: $6.02
Slippage, 4 orders: −$130.76
Fee SunX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$80.78
Costs to cover: 1.433%
Break-even: 17.0 days

Slippage from SunX: live order book, 7 min ago; Arcus: live order book, 39 min ago.

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 SunX live order book, 7 min ago	45.65 bp	64.0 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 39 min ago	4.06 bp	8.4 bp −$8	12.3 bp −$123	doesn't fit	doesn't fit

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
Bybit NBISUSDT	0.0000%	8h	234.55	+0.047%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.61	+0.073%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.50	+0.026%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.57	+0.055%	$2.5M	$4.8M	20x	as long as short
SunX NBIS-USDTlong	0.0000%	8h	234.44	long leg	$931	$1.8M	10x
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.35	−0.038%	$35K	$48K	10x	as long as short
Coinbase International NBIS-PERP-INTX	0.0000%	1h	233.76	−0.290%	$358K	$676K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.46	+0.009%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.50	+0.026%	$1.6M	$967K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.60	+0.068%	—	$234K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps NBIS-USD	+0.0050%	1h	234.49	+0.021%	$147K	$706K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.45	+0.004%	$33	$20K	10x	as long as short
QFEX NBIS-USD	+0.0051%	1h	234.44	0.000%	$1.5M	$5.1M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.35	−0.038%	$483K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.49	+0.021%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.52	+0.034%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0194%	1h	234.41	−0.012%	$28K	$63K	3x	as long as short
Variational Omni NBIS	+0.0199%	8h	234.38	−0.027%	$2.9M	$821K	—	as long as short
Ondo Perps NBIS-USD.P	+0.0208%	1h	234.39	−0.021%	$174K	$498K	10x	as long as short
Aster NBISUSDT	+0.0219%	8h	234.39	−0.023%	$79K	$306K	50x	as long as short
Extended NBIS-USD	+0.0232%	1h	234.49	+0.020%	$142K	$697K	10x	as long as short
Binance NBISUSDT	+0.0234%	8h	234.55	+0.049%	$19.4M	$86.3M	25x	as long as short
BloFin NBIS-USDT	+0.0236%	8h	234.47	+0.013%	$206K	$214K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0247%	8h	234.42	−0.009%	$5K	$140K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0248%	1h	234.28	−0.067%	$24K	$13K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0263%	1h	234.57	+0.055%	$54.7M	$23.1M	10x	as long as short
Arcus NBIS-USDshort	+0.0269%	1h	234.55	+0.047%	$44K	$134K	5x
Lighter NBIS	+0.0352%	1h	234.70	+0.111%	$934K	$4.6M	10x	as long as short
Phoenix NBIS	+0.0376%	1h	234.52	+0.034%	$7K	$163K	10x	as long as short
Entropy io:NBIS	+0.0506%	1h	234.51	+0.030%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0929%	4h	234.38	−0.025%	$38K	$234K	10x	as long as short