Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0168%/8h= +18.4% APRpaid last 24h +0.074%

Price spread now: Coinbase International against SunX+0.095%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1541.537% of the position

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.509%+$51 on $10k

Price spread, last 4 days (all we have)+0.098%+$10 · spread now +0.095%, 7d avg +0.094%

Together, before fees+0.607%+$61 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.094%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NBIS-USDT	230.40	0	get 0.0000% / 8h	2h 26m	$823	$1.6M	10x
Short	Coinbase International NBIS-PERP-INTX	230.62	0.0168	get 0.0021% / 1h	26m 01s	$353K	$792K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.095%Rate

Funding earned: $35.28
Price spread: +0.095% → +0.094%: $0.2
Slippage, 4 orders: −$135.66
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$118.18
Costs to cover: 1.537%
Break-even: 30.4 days

Slippage from SunX: live order book, 9 min ago; Coinbase International: live order book, 22 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, 9 min ago	45.07 bp	63.5 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 22 min ago	7.11 bp	12.2 bp −$12	17.9 bp −$179	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
Bitget NBISUSDT	−0.0460%	8h	230.41	+0.004%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.37	−0.012%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.37	−0.015%	$146K	$757K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.44	+0.017%	$18.4M	$86.7M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.32	−0.035%	$4.9M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.24	−0.069%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.37	−0.013%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.38	−0.010%	$2.9M	$554K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.84	+0.190%	$5K	$118K	10x	as long as short
SunX NBIS-USDTlong	0.0000%	8h	230.40	long leg	$823	$1.6M	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	230.52	+0.052%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.38	−0.009%	$1.6M	$955K	10x	as long as short
Nado NBIS-PERP	+0.0009%	1h	230.12	−0.122%	$37K	$115K	3x	as long as short
BloFin NBIS-USDT	+0.0026%	8h	230.62	+0.095%	$205K	$204K	20x	as long as short
QFEX NBIS-USD	+0.0029%	1h	230.25	−0.065%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.42	+0.009%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.17	−0.100%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.19	−0.091%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.28	−0.052%	$97	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.21	−0.082%	$152K	$531K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0060%	1h	230.20	−0.087%	$53.5M	$20.5M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.23	−0.074%	$475K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.28	−0.052%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.27	−0.058%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTXshort	+0.0168%	1h	230.62	+0.095%	$353K	$792K	10x
Lighter NBIS	+0.0216%	1h	230.28	−0.052%	$916K	$4.0M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0224%	1h	230.27	−0.055%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	231.01	+0.265%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0292%	1h	230.43	+0.013%	$10.0M	$3.2M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0489%	1h	230.30	−0.043%	$34K	$49K	10x	as long as short
edgeX NBISUSDC	+0.0884%	4h	230.81	+0.179%	$37K	$225K	10x	as long as short