NBIS Funding Rate — perpetuals across 18 venues
TradFi perpetual · compared across 18 venues · net of estimated fees · updated every few minutesNBIS is an equity-linked perpetual referencing NBIS, traded on-chain (not a tokenized xStock). Perpia compares its annualized funding across venues and the best delta-neutral spread.
Live annualized NBIS perpetual funding across all 18 venues Perpia tracks. Right now NBIS funding is positive on 13 and negative on 0, ranging from +60.6% on Bybit to +0.0% on HTX — a spread of 60.6%. The widest delta-neutral trade is long Extended / short Bybit at 57.7% net APR.
NBIS funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
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Build a route
any two of the 18 venuesThis is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.
Venues: pick the two legs
sorted by rate · 18 venues| Venue | Funding APR ↓ | Interval | Use as |
|---|---|---|---|
| Bybit↗short | +60.6% | every 8h | |
| Arcus↗ | +59.4% | every 1h | |
| Sodex↗ | +25.1% | every 1h | |
| Nado↗ | +21.8% | every 24h | |
| Hyperliquid↗ | +18.6% | every 1h | |
| Bitget↗ | +16.3% | every 8h | |
| trade.xyz↗ | +13.9% | every 1h | |
| Lighter↗ | +13.1% | every 8h | |
| EntropyIO↗ | +12.9% | every 1h | |
| KuCoin↗ | +5.8% | every 8h | |
| Ondo Perps | +5.5% | every 1h | |
| Vest↗ | +5.0% | every 1h | |
| Aster↗ | +1.4% | every 8h | |
| Extended↗long | +0.0% | every 1h | |
| Variational↗ | +0.0% | every 8h | |
| OKX↗ | +0.0% | every 8h | |
| Gate.io↗ | +0.0% | every 8h | |
| HTX↗ | +0.0% | every 8h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Extended vs Bybit page. 118 pairs scanned for NBIS.
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NBIS — FAQ
Is NBIS funding positive right now?
NBIS perpetual funding is positive on 13 of 18 venues Perpia tracks. The highest is +60.6% on Bybit; the lowest is +0.0% on HTX.
What is the best NBIS funding arbitrage right now?
Go long Extended and short Bybit for about 57.7% net APR after fees — the widest delta-neutral NBIS spread Perpia currently sees.
Which exchange has the highest NBIS funding rate?
Bybit, at +60.6% annualized. Funding shifts continuously, so check the live table above before trading.
How NBIS funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to NBIS
also quoted on both Bybit and ExtendedThe same two exchanges you would already have funded for the NBIS trade. Every spread between them is on the Bybit vs Extended page.