Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h —

Price spread now: Gate against Aevo+0.032%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Gate is 0.032% dearer against Aevo than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$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 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NBIS-PERP	234.45	0.0104	pay 0.0013% / 1h	54m 08s	—	—	10x
Short	Gate NBIS_USDT	234.52	0	get 0.0000% / 8h	3h 54m	$2.8M	$5.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aevo. 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 AevobpFee GatebpOrdersPrice spread, now +0.032%Rate

Funding earned: −$21.84
Price spread: +0.032% → 0.000%: $3.19
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$49.65
Costs to cover: 0.310%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Gate: live order book, 4 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 Aevo no order-book sample	—	—	—	—	—
Sell Gate live order book, 4 min ago	2.77 bp	28.0 bp −$28	171.7 bp −$1,717	316.0 bp −$31.6K	doesn't fit

Aevo: 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
Bybit NBISUSDT	0.0000%	8h	234.55	+0.045%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.42	−0.011%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDTshort	0.0000%	8h	234.52	+0.032%	$2.8M	$5.0M	50x
Bitget NBISUSDT	0.0000%	8h	234.50	+0.023%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	234.51	+0.027%	$2.9M	$559K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.70	+0.110%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.48	+0.015%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.46	+0.006%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.50	+0.023%	$1.6M	$954K	10x	as long as short
Aster NBISUSDT	+0.0013%	8h	234.78	+0.143%	$79K	$310K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NBISUSDT	+0.0015%	8h	234.49	+0.019%	$19.3M	$84.5M	25x	as long as short
Extended NBIS-USD	+0.0016%	1h	234.41	−0.017%	$150K	$701K	10x	as long as short
BloFin NBIS-USDT	+0.0033%	8h	234.33	−0.049%	$207K	$206K	20x	as long as short
QFEX NBIS-USD	+0.0034%	1h	234.38	−0.028%	$1.5M	$4.1M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	234.43	−0.007%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.59	+0.062%	—	$216K	5x	as long as short
Kraken Futures PF_NBISUSD	+0.0048%	1h	234.41	−0.013%	$23K	$15K	20x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.33	−0.049%	$147K	$456K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.38	−0.028%	$80	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.27	−0.075%	$161K	$501K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.41	−0.015%	$483K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.45	+0.002%	$2K	$3K	10x	as long as short
Aevo NBIS-PERPlong	+0.0104%	1h	234.45	long leg	—	—	10x
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	235.56	+0.475%	$389K	$724K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0109%	1h	234.46	+0.006%	$54.7M	$19.9M	10x	as long as short
Nado NBIS-PERP	+0.0117%	1h	234.23	−0.094%	$38K	$115K	3x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0262%	1h	234.35	−0.041%	$35K	$49K	10x	as long as short
Phoenix NBIS	+0.0272%	1h	234.85	+0.173%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0272%	1h	234.49	+0.019%	$902K	$3.9M	10x	as long as short
Entropy io:NBIS	+0.0353%	1h	234.49	+0.019%	$10.2M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0975%	4h	234.67	+0.097%	$38K	$225K	10x	as long as short