Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0224%/8h= +24.5% APRpaid last 24h −0.032%

Price spread now: Extended against Gate+0.059%7-day average −0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$690.689% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.059%, 7d avg −0.060%

Together, before fees−0.103%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Extended is 0.119% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.060%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.045% in total (about -2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NBIS_USDT	235.45	0	get 0.0000% / 8h	7h 56m	$2.8M	$5.1M	50x
Short	Extended NBIS-USD	235.59	0.0224	get 0.0028% / 1h	56m 46s	$138K	$700K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.059%Rate

Funding earned: $47.04
Price spread: +0.059% → −0.060%: $11.91
Slippage, 4 orders: −$48.88
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$9.93
Costs to cover: 0.689%
Break-even: 8.5 days

Slippage from Gate: live order book, 1 min ago; Extended: live order book, 16 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, 1 min ago	4.46 bp	20.1 bp −$20	36.0 bp −$360	60.0 bp −$6,005	doesn't fit
Sell Extended live order book, 16 min ago	2.35 bp	12.0 bp −$12	134.2 bp −$1,342	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
Kraken Futures PF_NBISUSD	−0.0179%	1h	235.28	−0.071%	$24K	$15K	20x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.64	+0.081%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.72	+0.115%	$3.4M	$17.1M	25x	as long as short
Gate NBIS_USDTlong	0.0000%	8h	235.45	long leg	$2.8M	$5.1M	50x
Bitget NBISUSDT	0.0000%	8h	235.61	+0.068%	$2.5M	$4.7M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.51	+0.025%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.37	−0.034%	$15K	$113K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.52	+0.030%	$1.6M	$974K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0016%	1h	234.10	−0.573%	$359K	$678K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.21	−0.102%	$1.5M	$5.2M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0046%	1h	235.45	0.000%	—	$234K	5x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.03	−0.178%	$174K	$507K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.21	−0.102%	$485K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.28	−0.072%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.04	−0.175%	—	—	10x	as long as short
Variational Omni NBIS	+0.0200%	8h	234.45	−0.423%	$2.9M	$820K	—	as long as short
Aster NBISUSDT	+0.0208%	8h	235.65	+0.086%	$81K	$308K	50x	as long as short
BloFin NBIS-USDT	+0.0212%	8h	235.53	+0.034%	$207K	$214K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0218%	8h	234.52	−0.395%	$5K	$139K	10x	as long as short
Extended NBIS-USDshort	+0.0224%	1h	235.59	+0.059%	$138K	$700K	10x
Binance NBISUSDT	+0.0228%	8h	235.69	+0.103%	$19.5M	$86.2M	25x	as long as short
edgeX NBISUSDC	+0.0230%	4h	234.46	−0.419%	$38K	$227K	10x	as long as short
Nado NBIS-PERP	+0.0247%	1h	235.14	−0.130%	$28K	$63K	3x	as long as short
Arcus NBIS-USD	+0.0366%	1h	234.72	−0.310%	$44K	$134K	5x	as long as short
Phoenix NBIS	+0.0376%	1h	234.94	−0.217%	$7K	$163K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0473%	1h	235.45	0.000%	$35K	$48K	10x	as long as short
Lighter NBIS	+0.0640%	1h	235.59	+0.059%	$930K	$4.4M	10x	as long as short
Entropy io:NBIS	+0.0713%	1h	234.88	−0.242%	$10.3M	$3.4M	10x	as long as short
SoDEX NBIS-USD	+0.1031%	1h	235.12	−0.140%	$9	$20K	10x	as long as short
Polymarket Perps NBIS-USD	+0.1211%	1h	234.87	−0.246%	$136K	$439K	10x	as long as short
tradeXYZ xyz:NBIS	+0.1807%	1h	235.07	−0.161%	$54.9M	$23.5M	10x	as long as short