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: Bybit against Gate+0.039%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1321.317% of the position

Long on Gate Short on Bybit

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−0.046%−$5 · spread now +0.039%, 7d avg −0.019%

Together, before fees−0.017%−$2 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: Bybit is 0.057% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NBIS_USDT	232.60	0	get 0.0000% / 8h	2h 55m	$2.7M	$5.0M	50x
Short	Bybit NBISUSDT	232.69	0	get 0.0000% / 8h	2h 55m	$5.0M	$6.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → −0.019%: $5.73
Slippage, 4 orders: −$105.72
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$125.99
Costs to cover: 1.317%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Bybit: 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 Gate live order book, 2 min ago	2.80 bp	23.6 bp −$24	36.8 bp −$368	63.0 bp −$6,303	doesn't fit
Sell Bybit live order book, 2 min ago	2.80 bp	15.1 bp −$15	72.4 bp −$724	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
Bitget NBISUSDT	−0.0058%	8h	232.71	+0.047%	$2.3M	$4.5M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	232.48	−0.053%	$83K	$309K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	232.58	−0.010%	$145K	$756K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	232.65	+0.021%	$18.8M	$85.6M	25x	as long as short
Bybit NBISUSDTshort	0.0000%	8h	232.69	+0.039%	$5.0M	$6.4M	50x
OKX NBIS-USDT-SWAP	0.0000%	8h	232.58	−0.009%	$3.4M	$16.1M	25x	as long as short
Gate NBIS_USDTlong	0.0000%	8h	232.60	long leg	$2.7M	$5.0M	50x
Variational Omni NBIS	0.0000%	8h	232.58	−0.009%	$2.9M	$552K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.90	−0.301%	$5K	$118K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	232.64	+0.017%	$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	231.86	−0.318%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	232.61	+0.004%	$1.6M	$956K	10x	as long as short
BloFin NBIS-USDT	+0.0029%	8h	232.21	−0.168%	$206K	$205K	20x	as long as short
QFEX NBIS-USD	+0.0029%	1h	232.50	−0.043%	$1.5M	$4.0M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.93	−0.288%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	232.39	−0.090%	—	$217K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	232.44	−0.069%	$143K	$459K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.47	−0.056%	$160K	$507K	10x	as long as short
Nado NBIS-PERP	+0.0068%	1h	232.37	−0.098%	$38K	$115K	3x	as long as short
edgeX NBISUSDC	+0.0070%	4h	231.85	−0.324%	$37K	$227K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.48	−0.052%	$479K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.57	−0.013%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.54	−0.025%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0151%	1h	232.52	−0.034%	$54.2M	$20.2M	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	232.30	−0.129%	$361K	$771K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0221%	1h	232.64	+0.016%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0239%	1h	231.91	−0.297%	$7K	$150K	10x	as long as short
SoDEX NBIS-USD	+0.0359%	1h	232.40	−0.086%	$98	$20K	10x	as long as short
Lighter NBIS	+0.0392%	1h	232.53	−0.030%	$924K	$3.9M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0396%	1h	232.50	−0.043%	$34K	$49K	10x	as long as short
Entropy io:NBIS	+0.0595%	1h	232.33	−0.116%	$10.1M	$3.2M	10x	as long as short