Funding arb · Price arb /

NBIS

RWAall NBIS markets

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 +0.041%

Price spread now: Gate against Bybit−0.038%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$750.754% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.038%, 7d avg +0.020%

Together, before fees+0.036%+$4 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: Gate is 0.058% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NBISUSDT	234.84	0	get 0.0000% / 8h	5h 31m	$5.1M	$6.2M	50x
Short	Gate NBIS_USDT	234.75	0	get 0.0000% / 8h	5h 31m	$2.8M	$5.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → +0.020%: −$5.79
Slippage, 4 orders: −$49.39
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$81.18
Costs to cover: 0.754%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 2 min ago.

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 Bybit live order book, 1 min ago	2.56 bp	11.1 bp −$11	61.7 bp −$617	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.77 bp	27.6 bp −$28	180.9 bp −$1,809	313.2 bp −$31.3K	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
Bybit NBISUSDTlong	0.0000%	8h	234.84	long leg	$5.1M	$6.2M	50x
OKX NBIS-USDT-SWAP	0.0000%	8h	234.72	−0.051%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDTshort	0.0000%	8h	234.75	−0.038%	$2.8M	$5.0M	50x
Bitget NBISUSDT	0.0000%	8h	234.76	−0.034%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.67	−0.071%	$4K	$127K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.67	−0.072%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.42	−0.179%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.70	−0.060%	$1.6M	$963K	10x	as long as short
Nado NBIS-PERP	+0.0002%	1h	234.66	−0.078%	$65K	$98K	3x	as long as short
QFEX NBIS-USD	+0.0023%	1h	234.72	−0.051%	$1.5M	$4.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USD	+0.0040%	1h	234.50	−0.145%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.84	0.000%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.62	−0.094%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.67	−0.072%	$33	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.52	−0.136%	$164K	$499K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0075%	1h	234.67	−0.072%	$55.0M	$19.7M	10x	as long as short
Variational Omni NBIS	+0.0100%	8h	234.49	−0.147%	$2.9M	$569K	—	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.50	−0.145%	$483K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.69	−0.064%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.64	−0.086%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	233.53	−0.558%	$382K	$712K	10x	as long as short
Aster NBISUSDT	+0.0126%	8h	234.69	−0.062%	$81K	$307K	50x	as long as short
Binance NBISUSDT	+0.0134%	8h	234.80	−0.017%	$19.1M	$84.5M	25x	as long as short
Extended NBIS-USD	+0.0136%	1h	234.72	−0.050%	$146K	$702K	10x	as long as short
BloFin NBIS-USDT	+0.0150%	8h	234.74	−0.043%	$206K	$204K	20x	as long as short
Kraken Futures PF_NBISUSD	+0.0152%	1h	234.55	−0.123%	$23K	$15K	20x	as long as short
Lighter NBIS	+0.0280%	1h	234.75	−0.038%	$907K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	234.71	−0.055%	$7K	$150K	10x	as long as short
edgeX NBISUSDC	+0.0334%	4h	234.66	−0.076%	$38K	$227K	10x	as long as short
Entropy io:NBIS	+0.0473%	1h	234.62	−0.094%	$10.2M	$3.3M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0475%	1h	234.65	−0.081%	$35K	$48K	10x	as long as short