Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%

Price spread now: Bybit against Variational Omni−0.103%7-day average −0.018% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.014%−$1 on $10k

Price spread, last 7 days+0.125%+$12 · spread now −0.103%, 7d avg −0.018%

Together, before fees+0.111%+ Points / potential airdropVariational Omni: Active · farm board+$11 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: Bybit is 0.086% cheaper against Variational Omni than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NBIS	231.19	0	get 0.0000% / 8h	11m 02s	$2.8M	$589K	—
Short	Bybit NBISUSDT	230.95	0	get 0.0000% / 8h	11m 02s	$4.9M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → −0.018%: −$8.59
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$19.59
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Bybit: live order book, 2 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 3 min ago	4.60 bp	doesn't fit	35.0 bp −$350	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.08 bp	15.0 bp −$15	78.0 bp −$780	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	−0.0371%	8h	231.00	−0.082%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0003%	8h	230.95	−0.103%	$204K	$212K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.95	−0.102%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.81	−0.165%	$144K	$878K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.85	−0.147%	$18.8M	$87.9M	25x	as long as short
Bybit NBISUSDTshort	0.0000%	8h	230.95	−0.103%	$4.9M	$6.8M	50x
OKX NBIS-USDT-SWAP	0.0000%	8h	230.89	−0.129%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.90	−0.125%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBISlong	0.0000%	8h	231.19	long leg	$2.8M	$589K	—
GRVT NBIS_USDT_Perp	0.0000%	8h	231.43	+0.106%	$4K	$115K	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	231.40	+0.091%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	231.41	+0.096%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.91	−0.121%	$1.6M	$970K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.04	−0.065%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.14	−0.021%	$1.5M	$3.7M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.93	−0.112%	—	$223K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.80	−0.168%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.88	−0.134%	$78	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.12	−0.030%	$150K	$543K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.346%	$353K	$805K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.79	−0.173%	$475K	$26K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.85	−0.147%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.85	−0.148%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0114%	1h	230.82	−0.160%	$54.0M	$21.2M	10x	as long as short
Nado NBIS-PERP	+0.0186%	1h	230.65	−0.235%	$38K	$116K	3x	as long as short
Lighter NBIS	+0.0272%	1h	230.81	−0.164%	$941K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0312%	1h	231.30	+0.048%	$7K	$125K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0401%	1h	230.72	−0.203%	$34K	$49K	10x	as long as short
Entropy io:NBIS	+0.0415%	1h	231.04	−0.065%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0541%	1h	230.77	−0.179%	$23K	$15K	20x	as long as short
edgeX NBISUSDC	+0.0839%	4h	231.21	+0.008%	$37K	$228K	10x	as long as short