Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.040%

Price spread now: Gate against HTX−0.115%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1381.375% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 3 days (all we have)+0.164%+$16 · spread now −0.115%, 7d avg +0.006%

Together, before fees+0.279%+$28 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 0.122% cheaper against HTX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NBIS-USDT	234.49	0	get 0.0000% / 8h	7h 59m	$15K	$113K	20x
Short	Gate NBIS_USDT	234.22	0	get 0.0000% / 8h	7h 59m	$2.8M	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against HTX. 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 HTXbpFee GatebpOrdersPrice spread, now −0.115%Rate

Funding earned: $0
Price spread: −0.115% → +0.006%: −$12.16
Slippage, 4 orders: −$110.53
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$149.68
Costs to cover: 1.375%
Break-even: never at this rate

Slippage from HTX: live order book, 11 min ago; Gate: 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 HTX live order book, 11 min ago	0.64 bp	10.7 bp −$11	24.2 bp −$242	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	3.41 bp	91.7 bp −$92	259.9 bp −$2,599	334.3 bp −$33.4K	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
Bybit NBISUSDT	0.0000%	8h	234.57	+0.034%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.11	−0.162%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDTshort	0.0000%	8h	234.22	−0.115%	$2.8M	$5.1M	50x
Bitget NBISUSDT	0.0000%	8h	234.22	−0.115%	$2.5M	$4.7M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.39	−0.043%	$1K	$1.8M	10x	as long as short
Coinbase International NBIS-PERP-INTX	0.0000%	1h	234.41	−0.034%	$360K	$679K	10x	as long as short
HTX NBIS-USDTlong	0.0000%	8h	234.49	long leg	$15K	$113K	20x
Phemex NBISUSDT	0.0000%	8h	234.40	−0.038%	$1.6M	$974K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0006%	1h	234.21	−0.119%	$35K	$48K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.07	−0.179%	—	$234K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps NBIS-USD	+0.0050%	1h	234.23	−0.111%	$136K	$608K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.36	−0.055%	$9	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.21	−0.119%	$174K	$513K	10x	as long as short
QFEX NBIS-USD	+0.0051%	1h	234.02	−0.200%	$1.5M	$5.2M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.11	−0.162%	$483K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.33	−0.068%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.39	−0.042%	—	—	10x	as long as short
Variational Omni NBIS	+0.0200%	8h	234.45	−0.016%	$2.9M	$820K	—	as long as short
tradeXYZ xyz:NBIS	+0.0206%	1h	234.18	−0.132%	$54.6M	$23.5M	10x	as long as short
Aster NBISUSDT	+0.0208%	8h	234.35	−0.061%	$81K	$308K	50x	as long as short
GRVT NBIS_USDT_Perp	+0.0218%	8h	234.52	+0.013%	$5K	$139K	10x	as long as short
Binance NBISUSDT	+0.0229%	8h	234.43	−0.024%	$19.4M	$86.4M	25x	as long as short
Extended NBIS-USD	+0.0232%	1h	234.15	−0.147%	$138K	$705K	10x	as long as short
BloFin NBIS-USDT	+0.0247%	8h	234.49	0.000%	$206K	$213K	20x	as long as short
Kraken Futures PF_NBISUSD	+0.0248%	1h	234.24	−0.107%	$24K	$15K	20x	as long as short
Arcus NBIS-USD	+0.0269%	1h	234.43	−0.026%	$44K	$134K	5x	as long as short
edgeX NBISUSDC	+0.0292%	4h	234.44	−0.019%	$38K	$232K	10x	as long as short
Phoenix NBIS	+0.0376%	1h	234.50	+0.004%	$7K	$163K	10x	as long as short
Lighter NBIS	+0.0384%	1h	233.84	−0.277%	$922K	$4.4M	10x	as long as short
Nado NBIS-PERP	+0.0516%	1h	234.18	−0.134%	$28K	$63K	3x	as long as short
Entropy io:NBIS	+0.0789%	1h	234.47	−0.009%	$10.2M	$3.4M	10x	as long as short