Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h +0.003%

Price spread now: Nado against Gate+0.031%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1051.048% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.082%+$8 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.031%, 7d avg −0.036%

Together, before fees+0.072%+ Points / potential airdropNado: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Nado is 0.067% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NBIS_USDT	230.74	0	get 0.0000% / 8h	2h 33m	$2.7M	$5.1M	50x
Short	Nado NBIS-PERP	230.81	0.0021	get 0.0003% / 1h	33m 59s	$38K	$115K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.031%Rate

Funding earned: $4.33
Price spread: +0.031% → −0.036%: $6.66
Slippage, 4 orders: −$82.82
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$93.83
Costs to cover: 1.048%
Break-even: 158.6 days

Slippage from Gate: live order book, 4 min ago; Nado: live order book, 9 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, 4 min ago	1.30 bp	13.9 bp −$14	29.8 bp −$298	55.9 bp −$5,590	doesn't fit
Sell Nado live order book, 9 min ago	11.23 bp	30.5 bp −$31	doesn't fit	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	−0.0311%	8h	230.72	−0.009%	$2.3M	$4.5M	20x	as long as short
BloFin NBIS-USDT	−0.0003%	8h	231.11	+0.160%	$207K	$204K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.82	+0.033%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.58	−0.069%	$144K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.72	−0.010%	$18.4M	$86.4M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.74	0.000%	$4.9M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.65	−0.039%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDTlong	0.0000%	8h	230.74	long leg	$2.7M	$5.1M	50x
Variational Omni NBIS	0.0000%	8h	231.06	+0.140%	$2.9M	$555K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.34	+0.262%	$5K	$118K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	230.75	+0.004%	$711	$1.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	230.50	−0.104%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	231.30	+0.243%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.75	+0.004%	$1.6M	$956K	10x	as long as short
Nado NBIS-PERPshort	+0.0021%	1h	230.81	+0.031%	$38K	$115K	3x
QFEX NBIS-USD	+0.0029%	1h	230.74	0.000%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.89	+0.065%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.77	+0.013%	—	$219K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.73	−0.004%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.74	0.000%	$88	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.60	−0.061%	$160K	$521K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0054%	1h	230.57	−0.074%	$53.6M	$20.4M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.57	−0.074%	$475K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.58	−0.069%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.61	−0.056%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	230.16	−0.251%	$352K	$791K	10x	as long as short
Lighter NBIS	+0.0208%	1h	230.69	−0.022%	$920K	$3.9M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0223%	1h	230.62	−0.052%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	231.19	+0.195%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0327%	1h	230.97	+0.100%	$10.0M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0937%	4h	231.26	+0.224%	$37K	$226K	10x	as long as short