Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h −0.006%

Price spread now: Extended against Variational Omni−0.117%7-day average −0.082% · you buy dearer than you sell

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.050%−$5 on $10k

Price spread, last 4 days (all we have)−1.453%−$145 · spread now −0.117%, 7d avg −0.082%

Together, before fees−1.504%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$150 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.034% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.117% now, against its 7-day average of −0.082%). If the spread goes back, that is −$3 on $10k: about 2.4 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.050%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NBIS	235.81	0.0033	pay 0.0033% / 8h	4h 37m	$2.9M	$572K	—
Short	Extended NBIS-USD	235.53	0.0080	get 0.0010% / 1h	37m 49s	$147K	$702K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.117%Rate

Funding earned: $9.84
Price spread: −0.117% → −0.082%: −$3.43
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $1.41
Costs to cover: 0.050%
Break-even: 6.0 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Extended: live order book, 20 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, 1 min ago	2.78 bp	doesn't fit	40.9 bp −$409	doesn't fit	doesn't fit
Sell Extended live order book, 20 min ago	2.12 bp	11.7 bp −$12	168.6 bp −$1,686	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
Nado NBIS-PERP	−0.0151%	1h	235.51	−0.127%	$38K	$115K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.63	−0.075%	$5.1M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.56	−0.104%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.58	−0.096%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.56	−0.104%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.75	−0.024%	$5K	$119K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.85	+0.019%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.52	−0.121%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.58	−0.096%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.59	−0.092%	$1.6M	$957K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NBISlong	+0.0033%	8h	235.81	long leg	$2.9M	$572K	—
QFEX NBIS-USD	+0.0038%	1h	235.51	−0.126%	$1.5M	$4.2M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.46	−0.147%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.77	−0.015%	—	$216K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	235.47	−0.143%	$54.9M	$19.8M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.48	−0.138%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.55	−0.109%	$9	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.63	−0.075%	$161K	$504K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	235.35	−0.194%	$389K	$724K	10x	as long as short
BloFin NBIS-USDT	+0.0071%	8h	235.71	−0.041%	$207K	$205K	20x	as long as short
Aster NBISUSDT	+0.0077%	8h	235.55	−0.110%	$79K	$310K	50x	as long as short
Extended NBIS-USDshort	+0.0080%	1h	235.53	−0.117%	$147K	$702K	10x
Binance NBISUSDT	+0.0082%	8h	235.59	−0.092%	$19.4M	$84.6M	25x	as long as short
Lighter NBIS	+0.0088%	1h	235.61	−0.083%	$899K	$4.0M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.39	−0.177%	$485K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.57	−0.100%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.55	−0.107%	—	—	10x	as long as short
Phoenix NBIS	+0.0272%	1h	235.68	−0.054%	$7K	$150K	10x	as long as short
edgeX NBISUSDC	+0.0307%	4h	235.68	−0.054%	$38K	$225K	10x	as long as short
Entropy io:NBIS	+0.0411%	1h	235.56	−0.104%	$10.2M	$3.2M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0477%	1h	235.36	−0.188%	$24K	$15K	20x	as long as short