Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0179%/8h= −19.6% APRpaid last 24h −0.009%

Price spread now: Gate against Nado+0.043%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Gate is 0.043% dearer against Nado than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NBIS-PERP	235.36	0.0179	pay 0.0022% / 1h	34m 16s	$29K	$63K	3x
Short	Gate NBIS_USDT	235.46	0	get 0.0000% / 8h	7h 34m	$2.8M	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Nado. 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 NadobpFee GatebpOrdersPrice spread, now +0.043%Rate

Funding earned: −$37.67
Price spread: +0.043% → 0.000%: $4.35
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$55.32
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; Gate: live order book, 4 min ago. Net counts fees only.

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 Nado no order-book sample	—	—	—	—	—
Sell Gate live order book, 4 min ago	2.76 bp	20.2 bp −$20	228.8 bp −$2,288	doesn't fit	doesn't fit

Nado: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_NBISUSD	−0.0179%	1h	235.17	−0.082%	$24K	$15K	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.51	+0.065%	$3.4M	$16.8M	25x	as long as short
Gate NBIS_USDTshort	0.0000%	8h	235.46	+0.043%	$2.8M	$5.1M	50x
SunX NBIS-USDT	0.0000%	8h	235.47	+0.048%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.54	+0.077%	$15K	$112K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.56	+0.086%	$1.6M	$973K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0016%	1h	236.05	+0.294%	$386K	$739K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.52	+0.069%	$1.5M	$5.0M	10x	as long as short
Bitget NBISUSDT	+0.0042%	8h	235.53	+0.073%	$2.5M	$4.7M	20x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.75	+0.167%	—	$224K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.41	+0.022%	$175K	$505K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.38	+0.009%	$485K	$23K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.56	+0.086%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.54	+0.075%	—	—	10x	as long as short
Bybit NBISUSDT	+0.0120%	8h	235.52	+0.069%	$5.1M	$6.5M	50x	as long as short
SoDEX NBIS-USD	+0.0125%	1h	235.49	+0.056%	$33	$20K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0175%	1h	235.43	+0.031%	$35K	$48K	10x	as long as short
Nado NBIS-PERPlong	+0.0179%	1h	235.36	long leg	$29K	$63K	3x
Variational Omni NBIS	+0.0225%	8h	235.53	+0.073%	$2.9M	$820K	—	as long as short
Aster NBISUSDT	+0.0234%	8h	235.75	+0.168%	$81K	$308K	50x	as long as short
BloFin NBIS-USDT	+0.0249%	8h	235.50	+0.060%	$207K	$212K	20x	as long as short
Extended NBIS-USD	+0.0256%	1h	235.44	+0.036%	$151K	$986K	10x	as long as short
Binance NBISUSDT	+0.0256%	8h	235.52	+0.070%	$19.5M	$85.7M	25x	as long as short
Lighter NBIS	+0.0288%	1h	235.46	+0.043%	$926K	$4.5M	10x	as long as short
Arcus NBIS-USD	+0.0366%	1h	235.44	+0.035%	$44K	$132K	5x	as long as short
GRVT NBIS_USDT_Perp	+0.0368%	8h	235.42	+0.028%	$5K	$136K	10x	as long as short
Phoenix NBIS	+0.0409%	1h	235.75	+0.167%	$7K	$163K	10x	as long as short
Polymarket Perps NBIS-USD	+0.0416%	1h	235.51	+0.065%	$135K	$433K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0529%	1h	235.46	+0.043%	$55.1M	$23.6M	10x	as long as short
edgeX NBISUSDC	+0.0863%	4h	235.35	−0.003%	$38K	$228K	10x	as long as short
Entropy io:NBIS	+0.0883%	1h	235.45	+0.039%	$10.3M	$3.4M	10x	as long as short