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

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0133%/8h= +14.6% APRpaid last 24h −0.050%
Price spread now: Binance against tradeXYZ+0.036%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$380.382% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.184%−$18 on $10k
Price spread, last 2 days (all we have)−0.136%−$14 · spread now +0.036%, 7d avg −0.013%
Together, before fees−0.320%+ Points / potential airdroptradeXYZ: Active · farm board−$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.049% dearer against tradeXYZ than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.013%. Mind the row above: over the last 7 days funding on this pair cost −0.184%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:NBIS233.980.0066pay 0.0008% / 1h13m 23s$54.6M$20.0M10x
ShortBinance NBISUSDT234.060.0199get 0.0199% / 8h6h 13m$19.1M$84.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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
$28.02
Price spread: +0.036% → −0.013%
$4.89
Slippage, 4 orders
−$10.25
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Binance: 5 bp × 2 orders
−$10
Net
−$5.34
Costs to cover
0.382%
Break-even
8.3 days
Slippage from tradeXYZ: live order book, 6 min ago; Binance: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 6 min ago0.43 bp10.9 bp −$1115.6 bp −$156doesn't fitdoesn't fit
Sell Binance live order book, 14 min ago0.85 bp8.3 bp −$827.3 bp −$27380.2 bp −$8,017doesn't fit

NBIS on 30 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
Bybit NBISUSDT0.0000%8h234.02+0.017%$5.0M$6.3M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h234.01+0.013%$3.4M$16.4M25xas long as short
Gate NBIS_USDT0.0000%8h234.04+0.026%$2.8M$5.0M50xas long as short
Bitget NBISUSDT0.0000%8h234.03+0.021%$2.4M$4.5M20xas long as short
GRVT NBIS_USDT_Perp0.0000%8h234.17+0.081%$5K$128K10xas long as short
SunX NBIS-USDT0.0000%8h234.28+0.128%$944$1.7M10xas long as short
Deribit NBIS_USDC-PERPETUAL0.0000%1h234.02+0.017%$35K$48K10xas long as short
HTX NBIS-USDT0.0000%8h234.32+0.145%$15K$60K20xas long as short
Phemex NBISUSDT0.0000%8h234.20+0.094%$1.6M$972K10xas long as short
QFEX NBIS-USD+0.0024%1h234.08+0.043%$1.5M$4.5M10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus NBIS-USD+0.0040%1h234.08+0.043%$42K$132K5xas long as short
Vest NBIS-USD-PERP+0.0046%1h234.24+0.111%$215K5xas long as short
Polymarket Perps NBIS-USD+0.0050%1h233.94−0.017%$149K$453K10xas long as short
SoDEX NBIS-USD+0.0050%1h234.00+0.009%$42$20K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h234.10+0.051%$164K$498K10xas long as short
Nado NBIS-PERP+0.0063%1h234.07+0.040%$67K$95K3xas long as short
tradeXYZ xyz:NBISlong+0.0066%1h233.98long leg$54.6M$20.0M10x
Kraken Futures PF_NBISUSD+0.0096%1h234.05+0.028%$24K$15K20xas long as short
KuCoin NBISUSDTM+0.0100%8h234.05+0.030%$482K$21K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h234.05+0.030%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h233.99+0.004%10xas long as short
Coinbase International NBIS-PERP-INTX+0.0112%1h233.89−0.038%$383K$714K10xas long as short
Variational Omni NBIS+0.0174%8h234.17+0.082%$2.8M$571Kas long as short
Aster NBISUSDT+0.0183%8h234.36+0.163%$81K$314K50xas long as short
Binance NBISUSDTshort+0.0199%8h234.06+0.036%$19.1M$84.9M25x
Extended NBIS-USD+0.0200%1h234.11+0.054%$147K$699K10xas long as short
Lighter NBIS+0.0232%1h234.19+0.090%$904K$4.4M10xas long as short
Phoenix NBIS+0.0306%1h234.27+0.124%$7K$152K10xas long as short
edgeX NBISUSDC+0.0337%4h234.18+0.087%$38K$227K10xas long as short
Entropy io:NBIS+0.0405%1h234.18+0.085%$10.2M$3.3M10xas long as short