Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0077%/8h= +8.4% APRpaid last 24h +0.075%

Price spread now: tradeXYZ against SunX+0.064%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1511.507% of the position

Long on SunX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.319%+$32 on $10k

Price spread, last 4 days (all we have)+0.128%+$13 · spread now +0.064%, 7d avg +0.005%

Together, before fees+0.448%+ Points / potential airdroptradeXYZ: Active · farm board+$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.059% dearer against SunX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NBIS-USDT	234.34	0	get 0.0000% / 8h	5h 23m	$1K	$1.7M	10x
Short	tradeXYZ xyz:NBIS	234.49	0.0077	get 0.0010% / 1h	23m 41s	$55.0M	$19.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.064%Rate

Funding earned: $16.12
Price spread: +0.064% → +0.005%: $5.89
Slippage, 4 orders: −$124.66
Fee SunX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$128.65
Costs to cover: 1.507%
Break-even: 62.8 days

Slippage from SunX: live order book, 12 min ago; tradeXYZ: 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	45.17 bp	63.4 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.85 bp	11.3 bp −$11	16.3 bp −$163	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	+0.090%	$5.0M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.53	+0.081%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.56	+0.094%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.49	+0.064%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.49	+0.062%	$4K	$127K	10x	as long as short
SunX NBIS-USDTlong	0.0000%	8h	234.34	long leg	$1K	$1.7M	10x
HTX NBIS-USDT	0.0000%	8h	234.54	+0.085%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.48	+0.060%	$1.6M	$962K	10x	as long as short
Nado NBIS-PERP	+0.0004%	1h	234.27	−0.030%	$65K	$98K	3x	as long as short
QFEX NBIS-USD	+0.0023%	1h	234.31	−0.013%	$1.5M	$4.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USD	+0.0040%	1h	234.37	+0.013%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.49	+0.064%	—	$215K	5x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0049%	1h	234.36	+0.009%	$35K	$48K	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.33	−0.004%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.44	+0.043%	$38	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.46	+0.051%	$164K	$498K	10x	as long as short
tradeXYZ xyz:NBISshort	+0.0077%	1h	234.49	+0.064%	$55.0M	$19.6M	10x
Variational Omni NBIS	+0.0091%	8h	234.48	+0.058%	$2.9M	$568K	—	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.27	−0.030%	$483K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.46	+0.051%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.46	+0.052%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	233.53	−0.346%	$382K	$712K	10x	as long as short
BloFin NBIS-USDT	+0.0114%	8h	234.39	+0.021%	$206K	$204K	20x	as long as short
Aster NBISUSDT	+0.0121%	8h	234.65	+0.133%	$81K	$307K	50x	as long as short
Extended NBIS-USD	+0.0128%	1h	234.46	+0.051%	$146K	$702K	10x	as long as short
Binance NBISUSDT	+0.0130%	8h	234.53	+0.081%	$19.1M	$84.5M	25x	as long as short
Kraken Futures PF_NBISUSD	+0.0152%	1h	234.41	+0.029%	$23K	$15K	20x	as long as short
Lighter NBIS	+0.0248%	1h	234.54	+0.085%	$902K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	234.85	+0.218%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0488%	1h	234.44	+0.043%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0699%	4h	234.45	+0.045%	$38K	$226K	10x	as long as short