Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: OKX against SunX+0.156%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1501.498% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.156%, 7d avg −0.009%

Together, before fees+0.026%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.164% dearer against SunX than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NBIS-USDT	230.95	0	get 0.0000% / 8h	6h 16m	$1K	$1.5M	10x
Short	OKX NBIS-USDT-SWAP	231.31	0	get 0.0000% / 8h	6h 16m	$3.3M	$16.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.156%Rate

Funding earned: $0
Price spread: +0.156% → −0.009%: $16.44
Slippage, 4 orders: −$131.8
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$133.37
Costs to cover: 1.498%
Break-even: never at this rate

Slippage from SunX: live order book, 12 min ago; OKX: live order book, 5 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, 12 min ago	44.96 bp	63.5 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.52 bp	9.8 bp −$10	34.7 bp −$347	doesn't fit	doesn't fit

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-SWAPshort	0.0000%	8h	231.31	+0.156%	$3.3M	$16.6M	25x
Gate NBIS_USDT	0.0000%	8h	231.21	+0.113%	$2.7M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	231.47	+0.225%	$2.3M	$4.7M	20x	as long as short
SunX NBIS-USDTlong	0.0000%	8h	230.95	long leg	$1K	$1.5M	10x
HTX NBIS-USDT	0.0000%	8h	230.79	−0.069%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.29	+0.147%	$1.6M	$969K	10x	as long as short
Variational Omni NBIS	+0.0010%	8h	230.73	−0.094%	$2.8M	$642K	—	as long as short
Aster NBISUSDT	+0.0024%	8h	231.12	+0.075%	$74K	$315K	50x	as long as short
Bybit NBISUSDT	+0.0026%	8h	231.31	+0.156%	$4.9M	$6.8M	50x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.12	+0.074%	—	$250K	5x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin NBIS-USDT	+0.0046%	8h	230.89	−0.026%	$205K	$219K	20x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.15	+0.087%	$138K	$472K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	231.06	+0.048%	$65	$19K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.64	−0.134%	$151K	$538K	10x	as long as short
QFEX NBIS-USD	+0.0054%	1h	231.03	+0.035%	$1.5M	$3.7M	10x	as long as short
Extended NBIS-USD	+0.0056%	1h	231.19	+0.102%	$145K	$854K	10x	as long as short
Binance NBISUSDT	+0.0057%	8h	231.26	+0.132%	$19.6M	$91.5M	25x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0088%	1h	230.69	−0.113%	$380K	$873K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.86	−0.039%	$468K	$148K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.11	+0.069%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.06	+0.048%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0127%	1h	230.86	−0.037%	$38K	$116K	3x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0139%	1h	231.29	+0.147%	$34K	$50K	10x	as long as short
Arcus NBIS-USD	+0.0257%	1h	231.11	+0.069%	$42K	$122K	5x	as long as short
GRVT NBIS_USDT_Perp	+0.0281%	8h	230.85	−0.044%	$5K	$104K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0297%	1h	231.16	+0.091%	$54.3M	$20.4M	10x	as long as short
Phoenix NBIS	+0.0347%	1h	230.98	+0.013%	$7K	$127K	10x	as long as short
Lighter NBIS	+0.0384%	1h	231.16	+0.091%	$935K	$4.1M	10x	as long as short
edgeX NBISUSDC	+0.0477%	4h	230.76	−0.082%	$37K	$227K	10x	as long as short
Entropy io:NBIS	+0.0654%	1h	230.86	−0.039%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0769%	1h	231.10	+0.066%	$22K	$11K	20x	as long as short