Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.016%

Price spread now: Gate against Ondo Perps+0.308%7-day average +0.050% · you sell dearer than you buy

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

Long on Ondo Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.406%−$41 · spread now +0.308%, 7d avg +0.050%

Together, before fees−0.429%+ Points / potential airdropOndo Perps: Active · farm board−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.258% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.308% now, against its 7-day average of +0.050%): +$26 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 17 days. At the pace of the last 7 days (−0.023% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NBIS-USD.P	230.64	0.0050	pay 0.0006% / 1h	15m 50s	$151K	$538K	10x
Short	Gate NBIS_USDT	231.35	0	get 0.0000% / 8h	6h 15m	$2.7M	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Ondo Perps. 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 Ondo PerpsbpFee GatebpOrdersPrice spread, now +0.308%Rate

Funding earned: −$10.58
Price spread: +0.308% → +0.050%: $25.82
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$4.76
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; Gate: live order book, 1 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Gate live order book, 1 min ago	2.81 bp	15.6 bp −$16	100.0 bp −$1,000	294.5 bp −$29.5K	doesn't fit

Ondo Perps: 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 exchanges

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
OKX NBIS-USDT-SWAP	0.0000%	8h	231.37	+0.317%	$3.3M	$16.6M	25x	as long as short
Gate NBIS_USDTshort	0.0000%	8h	231.35	+0.308%	$2.7M	$5.1M	50x
Bitget NBISUSDT	0.0000%	8h	231.36	+0.312%	$2.3M	$4.7M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.95	+0.134%	$1K	$1.5M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.79	+0.065%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.29	+0.282%	$1.6M	$969K	10x	as long as short
Variational Omni NBIS	+0.0010%	8h	230.73	+0.040%	$2.8M	$642K	—	as long as short
Aster NBISUSDT	+0.0024%	8h	231.19	+0.239%	$74K	$315K	50x	as long as short
Bybit NBISUSDT	+0.0026%	8h	231.37	+0.317%	$4.9M	$6.8M	50x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.12	+0.208%	—	$250K	5x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin NBIS-USDT	+0.0046%	8h	230.89	+0.108%	$205K	$219K	20x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.15	+0.221%	$138K	$472K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	231.06	+0.182%	$65	$19K	10x	as long as short
Ondo Perps NBIS-USD.Plong	+0.0050%	1h	230.64	long leg	$151K	$538K	10x
QFEX NBIS-USD	+0.0054%	1h	231.03	+0.169%	$1.5M	$3.7M	10x	as long as short
Extended NBIS-USD	+0.0056%	1h	231.31	+0.292%	$145K	$854K	10x	as long as short
Binance NBISUSDT	+0.0057%	8h	231.32	+0.295%	$19.6M	$91.6M	25x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0088%	1h	230.69	+0.022%	$380K	$873K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.05	+0.178%	$468K	$149K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.11	+0.204%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.06	+0.182%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0127%	1h	230.86	+0.097%	$38K	$116K	3x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0139%	1h	231.29	+0.282%	$34K	$50K	10x	as long as short
Arcus NBIS-USD	+0.0257%	1h	231.11	+0.204%	$42K	$122K	5x	as long as short
GRVT NBIS_USDT_Perp	+0.0281%	8h	230.85	+0.090%	$5K	$104K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0296%	1h	231.29	+0.282%	$54.4M	$20.4M	10x	as long as short
Phoenix NBIS	+0.0347%	1h	230.98	+0.147%	$7K	$127K	10x	as long as short
Lighter NBIS	+0.0384%	1h	231.16	+0.225%	$935K	$4.1M	10x	as long as short
edgeX NBISUSDC	+0.0477%	4h	230.76	+0.052%	$37K	$227K	10x	as long as short
Entropy io:NBIS	+0.0654%	1h	230.86	+0.095%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0769%	1h	231.10	+0.201%	$22K	$11K	20x	as long as short