Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.045%

Price spread now: Bybit against tradeXYZ+0.069%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$520.525% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 7 days−0.013%−$1 · spread now +0.069%, 7d avg +0.035%

Together, before fees−0.161%+ Points / potential airdroptradeXYZ: Active · farm board−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.034% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of +0.035%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NBIS	230.91	0.0088	pay 0.0011% / 1h	24m 04s	$54.3M	$21.0M	10x
Short	Bybit NBISUSDT	231.07	0	get 0.0000% / 8h	1h 24m	$4.9M	$6.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee tradeXYZbpFee BybitbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$18.4
Price spread: +0.069% → +0.035%: $3.4
Slippage, 4 orders: −$23.46
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$67.47
Costs to cover: 0.525%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; Bybit: live order book, 4 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 tradeXYZ live order book, 5 min ago	0.87 bp	12.5 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.95 bp	16.5 bp −$16	74.7 bp −$747	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	−0.0589%	8h	231.03	+0.052%	$2.3M	$4.5M	20x	as long as short
BloFin NBIS-USDT	−0.0005%	8h	230.94	+0.013%	$204K	$205K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.83	−0.035%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.93	+0.009%	$149K	$635K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.02	+0.049%	$18.5M	$87.3M	25x	as long as short
Bybit NBISUSDTshort	0.0000%	8h	231.07	+0.069%	$4.9M	$6.6M	50x
OKX NBIS-USDT-SWAP	0.0000%	8h	230.98	+0.030%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.06	+0.065%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.85	−0.026%	$2.8M	$601K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.78	−0.056%	$5K	$116K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	230.95	+0.017%	$1K	$1.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	230.80	−0.048%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.98	+0.030%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.04	+0.056%	$1.6M	$964K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.68	−0.100%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.85	−0.026%	—	$221K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.88	−0.013%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.99	+0.035%	$102	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.43	−0.208%	$151K	$548K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	230.91	0.000%	$1.5M	$3.8M	10x	as long as short
Nado NBIS-PERP	+0.0068%	1h	230.92	+0.002%	$38K	$115K	3x	as long as short
tradeXYZ xyz:NBISlong	+0.0088%	1h	230.91	long leg	$54.3M	$21.0M	10x
KuCoin NBISUSDTM	+0.0100%	8h	230.85	−0.026%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.88	−0.013%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.88	−0.013%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	230.39	−0.225%	$351K	$812K	10x	as long as short
Lighter NBIS	+0.0216%	1h	231.01	+0.043%	$957K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	230.72	−0.082%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0361%	1h	230.79	−0.052%	$10.0M	$3.1M	10x	as long as short
edgeX NBISUSDC	+0.0511%	4h	230.68	−0.099%	$37K	$226K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0684%	1h	230.93	+0.008%	$23K	$15K	20x	as long as short