Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.043%

Price spread now: Gate against Extended+0.113%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1321.323% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.113%, 7d avg +0.058%

Together, before fees−0.059%+ Points / potential airdropExtended: Active · farm board−$6 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 0.055% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NBIS-USD	230.25	0	get 0.0000% / 1h	41m 27s	$144K	$678K	10x
Short	Gate NBIS_USDT	230.51	0	get 0.0000% / 8h	1h 41m	$2.7M	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now +0.113%Rate

Funding earned: $0
Price spread: +0.113% → +0.058%: $5.48
Slippage, 4 orders: −$112.27
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$126.79
Costs to cover: 1.323%
Break-even: never at this rate

Slippage from Extended: live order book, 1 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 Extended live order book, 1 min ago	1.74 bp	11.8 bp −$12	95.6 bp −$956	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.26 bp	85.8 bp −$86	256.2 bp −$2,562	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	−0.0481%	8h	230.52	+0.117%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.33	+0.037%	$84K	$311K	50x	as long as short
Extended NBIS-USDlong	0.0000%	1h	230.25	long leg	$144K	$678K	10x
Binance NBISUSDT	0.0000%	8h	230.38	+0.055%	$18.5M	$87.3M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.48	+0.100%	$4.9M	$6.6M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.45	+0.087%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDTshort	0.0000%	8h	230.51	+0.113%	$2.7M	$5.1M	50x
Variational Omni NBIS	0.0000%	8h	230.87	+0.271%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.38	+0.055%	$5K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.53	+0.122%	$1K	$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
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	230.40	+0.065%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.86	+0.265%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.62	+0.161%	$1.6M	$963K	10x	as long as short
BloFin NBIS-USDT	+0.0001%	8h	230.38	+0.057%	$203K	$205K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.52	+0.117%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.44	+0.083%	—	$221K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.48	+0.100%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.40	+0.065%	$88	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.31	+0.026%	$152K	$547K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	230.56	+0.135%	$1.5M	$3.9M	10x	as long as short
Nado NBIS-PERP	+0.0064%	1h	230.41	+0.071%	$37K	$115K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.36	+0.048%	$475K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.56	+0.135%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.52	+0.119%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	230.50	+0.109%	$350K	$812K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0138%	1h	230.48	+0.100%	$54.2M	$21.0M	10x	as long as short
Lighter NBIS	+0.0192%	1h	230.42	+0.074%	$946K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	230.47	+0.096%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0364%	1h	230.58	+0.143%	$10.0M	$3.1M	10x	as long as short
edgeX NBISUSDC	+0.0470%	4h	230.86	+0.266%	$37K	$228K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0686%	1h	230.49	+0.104%	$23K	$15K	20x	as long as short