Funding arb · Price arb /

NBIS

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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 +0.036%

Price spread now: Gate against GRVT+0.268%81s7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as 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−$700.698% of the position

Long on GRVT Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.379%−$38 · spread now +0.268%, 7d avg +0.022%

Together, before fees−0.373%+ Points / potential airdropGRVT: Active · farm board−$37 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: Gate is 0.246% dearer against GRVT than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.022%. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NBIS_USDT_Perp	230.60	0	get 0.0000% / 8h	2h 35m	$5K	$118K	10x
Short	Gate NBIS_USDT	231.22	0	get 0.0000% / 8h	2h 35m	$2.7M	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against GRVT. 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 GRVTbpFee GatebpOrdersPrice spread, now +0.268%Rate

Funding earned: $0
Price spread: +0.268% → +0.022%: $24.57
Slippage, 4 orders: −$45.83
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$45.26
Costs to cover: 0.698%
Break-even: never at this rate

Slippage from GRVT: live order book, 6 min ago; Gate: 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 GRVT live order book, 6 min ago	1.73 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.30 bp	31.4 bp −$31	91.0 bp −$910	296.9 bp −$29.7K	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	−0.0280%	8h	231.35	+0.324%	$2.3M	$4.5M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.25	+0.282%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.14	+0.234%	$144K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.19	+0.254%	$18.7M	$86.4M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.36	+0.329%	$4.9M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.13	+0.229%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDTshort	0.0000%	8h	231.22	+0.268%	$2.7M	$5.1M	50x
Variational Omni NBIS	0.0000%	8h	231.06	+0.201%	$2.9M	$555K	—	as long as short
GRVT NBIS_USDT_Perplong	0.0000%	8h	230.60	long leg	$5K	$118K	10x
SunX NBIS-USDT	0.0000%	8h	231.39	+0.342%	$845	$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	230.57	−0.014%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.24	+0.277%	$1.6M	$956K	10x	as long as short
BloFin NBIS-USDT	+0.0020%	8h	231.50	+0.390%	$207K	$205K	20x	as long as short
Nado NBIS-PERP	+0.0021%	1h	231.01	+0.179%	$38K	$115K	3x	as long as short
QFEX NBIS-USD	+0.0029%	1h	231.05	+0.194%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.93	+0.142%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.15	+0.238%	—	$219K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.09	+0.212%	$142K	$460K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	231.10	+0.216%	$83	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.21	+0.264%	$160K	$523K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0066%	1h	231.13	+0.229%	$53.7M	$20.4M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0096%	1h	231.13	+0.229%	$34K	$49K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.11	+0.220%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.08	+0.207%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.03	+0.186%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	230.16	−0.192%	$352K	$791K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0223%	1h	231.05	+0.195%	$23K	$15K	20x	as long as short
Lighter NBIS	+0.0232%	1h	231.17	+0.246%	$921K	$3.9M	10x	as long as short
Phoenix NBIS	+0.0242%	1h	231.19	+0.255%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0355%	1h	231.30	+0.303%	$10.0M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0408%	4h	230.53	−0.032%	$37K	$226K	10x	as long as short