Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0035%/8h= −3.8% APRpaid last 24h +0.014%

Price spread now: BloFin against Vest+0.048%7-day average −0.427% · you sell dearer than you buy

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

Long on Vest Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.046%+$5 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.048%, 7d avg −0.427%

Together, before fees−0.044%+ Points / potential airdropVest: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.475% dearer against Vest than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of −0.427%): +$47 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 45 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NBIS-USD-PERP	231.30	0.0046	pay 0.0006% / 1h	32m 47s	—	$222K	5x
Short	BloFin NBIS-USDT	231.41	0.0011	get 0.0011% / 8h	32m 47s	$204K	$209K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Vest. 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 VestbpFee BloFinbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$7.33
Price spread: +0.048% → −0.427%: $47.48
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee BloFin: 6 bp × 2 orders: −$12
Net: $26.15
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; BloFin: live order book, 38 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 Vest no order-book sample	—	—	—	—	—
Sell BloFin live order book, 38 min ago	0.22 bp	11.6 bp −$12	22.4 bp −$224	doesn't fit	doesn't fit

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0432%	8h	231.42	+0.052%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.38	+0.034%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.33	+0.012%	$148K	$876K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.44	+0.061%	$18.7M	$87.8M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.35	+0.022%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.31	+0.004%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.38	+0.035%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.17	−0.056%	$2.8M	$594K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.32	+0.009%	$4K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.36	+0.026%	$1K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	231.45	+0.065%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.36	+0.026%	$1.6M	$969K	10x	as long as short
BloFin NBIS-USDTshort	+0.0011%	8h	231.41	+0.048%	$204K	$209K	20x
Arcus NBIS-USD	+0.0040%	1h	231.16	−0.061%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.49	+0.082%	$1.5M	$3.8M	10x	as long as short
Vest NBIS-USD-PERPlong	+0.0046%	1h	231.30	long leg	—	$222K	5x
Polymarket Perps NBIS-USD	+0.0050%	1h	231.36	+0.026%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.06	−0.104%	$150K	$543K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.393%	$353K	$805K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.18	−0.052%	$477K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.43	+0.056%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.32	+0.011%	—	—	10x	as long as short
SoDEX NBIS-USD	+0.0116%	1h	231.36	+0.026%	$97	$20K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0149%	1h	231.28	−0.009%	$54.3M	$21.1M	10x	as long as short
Nado NBIS-PERP	+0.0173%	1h	231.14	−0.068%	$38K	$116K	3x	as long as short
Phoenix NBIS	+0.0312%	1h	231.13	−0.073%	$7K	$125K	10x	as long as short
edgeX NBISUSDC	+0.0332%	4h	231.30	−0.002%	$37K	$227K	10x	as long as short
Lighter NBIS	+0.0344%	1h	231.43	+0.056%	$933K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0440%	1h	231.25	−0.022%	$10.1M	$3.1M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0442%	1h	231.36	+0.026%	$34K	$49K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.37	+0.031%	$23K	$15K	20x	as long as short