Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: OKX against Gate−0.145%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$540.536% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 7 days+0.121%+$12 · spread now −0.145%, 7d avg −0.018%

Together, before fees+0.066%+$7 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: OKX is 0.127% cheaper against Gate than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NBIS_USDT	227.79	0	get 0.0000% / 8h	7h 34m	$2.7M	$5.1M	50x
Short	OKX NBIS-USDT-SWAP	227.46	0	get 0.0000% / 8h	7h 34m	$3.2M	$15.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → −0.018%: −$12.69
Slippage, 4 orders: −$28.62
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$66.31
Costs to cover: 0.536%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; OKX: live order book, 4 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, 3 min ago	3.71 bp	13.0 bp −$13	31.4 bp −$314	61.1 bp −$6,107	doesn't fit
Sell OKX live order book, 4 min ago	1.09 bp	10.5 bp −$10	24.7 bp −$247	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	−0.0272%	8h	227.77	−0.009%	$2.3M	$4.5M	20x	as long as short
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	227.95	+0.070%	$353K	$801K	10x	as long as short
BloFin NBIS-USDT	−0.0007%	8h	227.74	−0.022%	$200K	$211K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	227.84	+0.023%	$80K	$313K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	227.76	−0.015%	$146K	$877K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	227.75	−0.017%	$18.5M	$88.7M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	227.64	−0.066%	$4.8M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAPshort	0.0000%	8h	227.46	−0.145%	$3.2M	$15.8M	25x
Gate NBIS_USDTlong	0.0000%	8h	227.79	long leg	$2.7M	$5.1M	50x
Variational Omni NBIS	0.0000%	8h	227.92	+0.056%	$2.8M	$577K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NBIS_USDT_Perp	0.0000%	8h	228.78	+0.433%	$4K	$114K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	227.93	+0.061%	$1K	$1.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	227.77	−0.009%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	228.00	+0.092%	$13K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	227.87	+0.035%	$1.5M	$971K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	227.75	−0.018%	$42K	$124K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	227.65	−0.061%	—	$237K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	227.70	−0.040%	$135K	$466K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	227.75	−0.018%	$64	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	227.85	+0.026%	$148K	$537K	10x	as long as short
QFEX NBIS-USD	+0.0064%	1h	227.86	+0.031%	$1.5M	$3.7M	10x	as long as short
Nado NBIS-PERP	+0.0066%	1h	227.81	+0.009%	$38K	$116K	3x	as long as short
tradeXYZ xyz:NBIS	+0.0081%	1h	227.64	−0.066%	$53.1M	$21.5M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	227.70	−0.040%	$468K	$60K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	227.88	+0.040%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	227.81	+0.009%	—	—	10x	as long as short
Lighter NBIS	+0.0128%	1h	227.68	−0.048%	$910K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0277%	1h	229.09	+0.571%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0305%	1h	228.09	+0.132%	$9.9M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0685%	1h	227.76	−0.013%	$22K	$16K	20x	as long as short
edgeX NBISUSDC	+0.0808%	4h	228.81	+0.447%	$37K	$227K	10x	as long as short