Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.053%

Price spread now: Gate against Vest−0.157%7-day average −0.464% · you buy dearer than you sell

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

Long on Vest Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.025%−$2 on $10k

Price spread, last 3 days (all we have)+0.079%+$8 · spread now −0.157%, 7d avg −0.464%

Together, before fees+0.054%+ Points / potential airdropVest: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.307% dearer against Vest than usual: you sell high and buy low (spread −0.157% now, against its 7-day average of −0.464%): +$31 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 22 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NBIS-USD-PERP	235.83	0.0046	pay 0.0006% / 1h	54m 10s	—	$234K	5x
Short	Gate NBIS_USDT	235.46	0	get 0.0000% / 8h	7h 54m	$2.8M	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Vest. 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 VestbpFee GatebpOrdersPrice spread, now −0.157%Rate

Funding earned: −$9.59
Price spread: −0.157% → −0.464%: $30.73
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $4.14
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Vest: 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 Vest no order-book sample	—	—	—	—	—
Sell Gate live order book, 4 min ago	4.46 bp	24.4 bp −$24	94.6 bp −$946	304.4 bp −$30.4K	doesn't fit

Vest: 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	235.43	−0.170%	$24K	$15K	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.66	−0.072%	$3.4M	$17.1M	25x	as long as short
Gate NBIS_USDTshort	0.0000%	8h	235.46	−0.157%	$2.8M	$5.1M	50x
Bitget NBISUSDT	0.0000%	8h	235.64	−0.081%	$2.5M	$4.7M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.57	−0.110%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.53	−0.127%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.69	−0.059%	$15K	$113K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.58	−0.106%	$1.6M	$973K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0016%	1h	234.10	−0.734%	$359K	$678K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.53	−0.127%	$1.5M	$5.2M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERPlong	+0.0046%	1h	235.83	long leg	—	$234K	5x
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.03	−0.339%	$174K	$505K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.46	−0.157%	$485K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.64	−0.081%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.52	−0.555%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0190%	1h	235.50	−0.138%	$29K	$63K	3x	as long as short
Variational Omni NBIS	+0.0195%	8h	235.77	−0.026%	$2.9M	$817K	—	as long as short
Aster NBISUSDT	+0.0214%	8h	235.76	−0.031%	$81K	$308K	50x	as long as short
Extended NBIS-USD	+0.0232%	1h	235.57	−0.110%	$138K	$700K	10x	as long as short
Binance NBISUSDT	+0.0232%	8h	235.61	−0.091%	$19.5M	$86.1M	25x	as long as short
BloFin NBIS-USDT	+0.0252%	8h	235.56	−0.114%	$206K	$213K	20x	as long as short
Arcus NBIS-USD	+0.0366%	1h	235.24	−0.250%	$44K	$134K	5x	as long as short
Phoenix NBIS	+0.0376%	1h	234.94	−0.377%	$7K	$163K	10x	as long as short
edgeX NBISUSDC	+0.0438%	4h	235.44	−0.166%	$38K	$228K	10x	as long as short
Lighter NBIS	+0.0480%	1h	235.65	−0.076%	$930K	$4.4M	10x	as long as short
Bybit NBISUSDT	+0.0549%	8h	235.70	−0.055%	$5.1M	$6.5M	50x	as long as short
GRVT NBIS_USDT_Perp	+0.0566%	8h	235.49	−0.144%	$5K	$137K	10x	as long as short
Entropy io:NBIS	+0.0781%	1h	235.32	−0.216%	$10.3M	$3.4M	10x	as long as short
SoDEX NBIS-USD	+0.0961%	1h	235.60	−0.098%	$9	$20K	10x	as long as short
Polymarket Perps NBIS-USD	+0.1864%	1h	235.56	−0.114%	$137K	$428K	10x	as long as short
tradeXYZ xyz:NBIS	+0.1887%	1h	235.51	−0.136%	$54.9M	$23.4M	10x	as long as short