Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0489%/8h= +53.5% APRpaid last 24h −0.030%

Price spread now: Deribit against Gate−0.039%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 0.039% cheaper against Gate than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 6 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NBIS_USDT	230.39	0	get 0.0000% / 8h	2h 26m	$2.7M	$5.1M	50x
Short	Deribit NBIS_USDC-PERPETUAL	230.30	0.0489	get 0.0061% / 1h	26m 20s	$34K	$49K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Gate. 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 GatebpFee DeribitbpOrdersPrice spread, now −0.039%Rate

Funding earned: $102.63
Price spread: −0.039% → 0.000%: −$3.91
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $76.72
Costs to cover: 0.220%
Break-even: 1.8 days

Slippage unknown: Gate: live order book, 2 min ago; Deribit: no order-book sample. 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 Gate live order book, 2 min ago	3.47 bp	12.9 bp −$13	26.7 bp −$267	57.9 bp −$5,792	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
Bitget NBISUSDT	−0.0460%	8h	230.38	−0.004%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.33	−0.026%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.32	−0.032%	$146K	$757K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.37	−0.009%	$18.4M	$86.6M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.24	−0.065%	$4.9M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.32	−0.030%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDTlong	0.0000%	8h	230.39	long leg	$2.7M	$5.1M	50x
Variational Omni NBIS	0.0000%	8h	230.59	+0.086%	$2.9M	$555K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.84	+0.194%	$5K	$118K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.40	+0.004%	$823	$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	230.52	+0.056%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.38	−0.004%	$1.6M	$955K	10x	as long as short
Nado NBIS-PERP	+0.0009%	1h	230.12	−0.117%	$37K	$115K	3x	as long as short
BloFin NBIS-USDT	+0.0026%	8h	230.62	+0.100%	$205K	$204K	20x	as long as short
QFEX NBIS-USD	+0.0029%	1h	230.25	−0.061%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.42	+0.013%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.17	−0.095%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.19	−0.087%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.28	−0.048%	$97	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.21	−0.078%	$152K	$531K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0059%	1h	230.20	−0.082%	$53.5M	$20.5M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.21	−0.078%	$474K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.28	−0.048%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.27	−0.053%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	230.62	+0.100%	$353K	$792K	10x	as long as short
Lighter NBIS	+0.0216%	1h	230.28	−0.048%	$916K	$4.0M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0224%	1h	230.27	−0.051%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	231.01	+0.269%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0292%	1h	230.43	+0.017%	$10.0M	$3.2M	10x	as long as short
Deribit NBIS_USDC-PERPETUALshort	+0.0489%	1h	230.30	−0.039%	$34K	$49K	10x
edgeX NBISUSDC	+0.0884%	4h	230.81	+0.184%	$37K	$225K	10x	as long as short