Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.056%

Price spread now: OKX against Gate−0.074%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$610.606% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 7 days+0.074%+$7 · spread now −0.074%, 7d avg −0.018%

Together, before fees+0.019%+$2 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: OKX is 0.056% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NBIS_USDT	231.00	0	get 0.0000% / 8h	7m 49s	$2.7M	$5.2M	50x
Short	OKX NBIS-USDT-SWAP	230.83	0	get 0.0000% / 8h	7m 49s	$3.3M	$16.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.074%Rate

Funding earned: $0
Price spread: −0.074% → −0.018%: −$5.58
Slippage, 4 orders: −$35.58
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$66.17
Costs to cover: 0.606%
Break-even: never at this rate

Slippage from Gate: live order book, just now; OKX: live order book, 1 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 Gate live order book, just now	2.82 bp	16.1 bp −$16	29.9 bp −$299	56.3 bp −$5,635	doesn't fit
Sell OKX live order book, 1 min ago	1.08 bp	10.7 bp −$11	35.9 bp −$359	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	−0.0369%	8h	230.97	−0.013%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.02	+0.008%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.90	−0.045%	$144K	$878K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.85	−0.065%	$18.8M	$87.9M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.01	+0.004%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAPshort	0.0000%	8h	230.83	−0.074%	$3.3M	$16.0M	25x
Gate NBIS_USDTlong	0.0000%	8h	231.00	long leg	$2.7M	$5.2M	50x
Variational Omni NBIS	0.0000%	8h	230.87	−0.056%	$2.8M	$589K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.93	−0.028%	$4K	$115K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.98	−0.009%	$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
HTX NBIS-USDT	0.0000%	8h	231.01	+0.004%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.03	+0.013%	$1.6M	$970K	10x	as long as short
BloFin NBIS-USDT	+0.0006%	8h	231.06	+0.026%	$204K	$212K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.92	−0.035%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.11	+0.048%	$1.5M	$3.7M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.96	−0.017%	—	$223K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.91	−0.039%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.94	−0.026%	$79	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.97	−0.013%	$150K	$542K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0053%	1h	230.95	−0.022%	$34K	$49K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.90	−0.043%	$355K	$807K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.84	−0.069%	$476K	$26K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.00	0.000%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.97	−0.012%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0118%	1h	230.86	−0.061%	$54.0M	$21.2M	10x	as long as short
Nado NBIS-PERP	+0.0186%	1h	230.85	−0.064%	$38K	$116K	3x	as long as short
Lighter NBIS	+0.0272%	1h	230.94	−0.026%	$938K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0312%	1h	231.04	+0.017%	$7K	$125K	10x	as long as short
edgeX NBISUSDC	+0.0347%	4h	230.92	−0.036%	$37K	$226K	10x	as long as short
Entropy io:NBIS	+0.0414%	1h	230.96	−0.017%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0541%	1h	230.91	−0.040%	$23K	$15K	20x	as long as short