NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0353%/8h= +38.7% APRnext payment +$3.53 per $10,000 · paid last 24h +0.023%

Price spread now: GRVT against Gate−0.022%51s7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$650.648% of the position

Long on Gate Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.219%+$22 · spread now −0.022%, 7d avg −0.022%

Together, before fees+0.207%+ Points / potential airdropGRVT: Active · farm board+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.013% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.53 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NBIS_USDT	230.82	0	get 0.0000% / 8h	6h 20m	$2.7M	$5.1M	50x
Short	GRVT NBIS_USDT_Perp	230.77	0.0353	get 0.0353% / 8h	6h 20m	$5K	$104K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.022%Rate

Funding earned: $74.13
Price spread: −0.022% → −0.022%: $0.04
Slippage, 4 orders: −$40.85
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $9.33
Costs to cover: 0.648%
Break-even: 6.1 days

Slippage from Gate: live order book, 1 min ago; GRVT: live order book, 28 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	2.17 bp	16.3 bp −$16	30.5 bp −$305	61.0 bp −$6,099	doesn't fit
Sell GRVT live order book, 28 min ago	1.73 bp	12.0 bp −$12	doesn't fit	doesn't fit	doesn't fit

NBIS on 31 exchanges

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
Deribit NBIS_USDC-PERPETUAL	−0.0053%	1h	230.66	−0.069%	$34K	$50K	10x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.74	−0.035%	$3.3M	$16.5M	25x	as long as short
Gate NBIS_USDTlong	0.0000%	8h	230.82	long leg	$2.7M	$5.1M	50x
Bitget NBISUSDT	0.0000%	8h	230.77	−0.022%	$2.3M	$4.7M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.86	+0.017%	$1K	$1.5M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.79	−0.013%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.78	−0.017%	$1.6M	$970K	10x	as long as short
Variational Omni NBIS	+0.0010%	8h	230.73	−0.038%	$2.8M	$642K	—	as long as short
Aster NBISUSDT	+0.0032%	8h	230.92	+0.041%	$74K	$315K	50x	as long as short
BloFin NBIS-USDT	+0.0042%	8h	230.77	−0.022%	$205K	$219K	20x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0046%	1h	230.97	+0.065%	—	$250K	5x	as long as short
Bybit NBISUSDT	+0.0048%	8h	230.81	−0.004%	$4.9M	$6.8M	50x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.81	−0.004%	$138K	$472K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.78	−0.017%	$74	$19K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.67	−0.065%	$151K	$538K	10x	as long as short
QFEX NBIS-USD	+0.0054%	1h	230.79	−0.013%	$1.5M	$3.7M	10x	as long as short
Binance NBISUSDT	+0.0063%	8h	230.88	+0.025%	$19.6M	$91.5M	25x	as long as short
Extended NBIS-USD	+0.0064%	1h	230.79	−0.011%	$145K	$854K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0088%	1h	230.69	−0.056%	$380K	$873K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.71	−0.048%	$468K	$143K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.81	−0.004%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.81	−0.005%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0145%	1h	230.77	−0.020%	$38K	$116K	3x	as long as short
Arcus NBIS-USD	+0.0257%	1h	230.79	−0.013%	$42K	$122K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0309%	1h	230.81	−0.004%	$54.3M	$20.4M	10x	as long as short
Phoenix NBIS	+0.0347%	1h	230.98	+0.069%	$7K	$127K	10x	as long as short
GRVT NBIS_USDT_Perpshort	+0.0353%	8h	230.77	−0.022%	$5K	$104K	10x
Lighter NBIS	+0.0408%	1h	230.97	+0.065%	$935K	$4.1M	10x	as long as short
Entropy io:NBIS	+0.0665%	1h	230.81	−0.004%	$10.1M	$3.1M	10x	as long as short
edgeX NBISUSDC	+0.0705%	4h	230.90	+0.033%	$37K	$226K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0770%	1h	230.59	−0.098%	$22K	$11K	20x	as long as short