Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Gate against Variational Omni−0.013%7-day average +0.006% · you buy dearer than you sell

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

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.054%−$5 on $10k

Price spread, last 7 days+0.102%+$10 · spread now −0.013%, 7d avg +0.006%

Together, before fees+0.048%+ Points / potential airdropVariational Omni: Active · farm board+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NBIS	233.27	0	get 0.0000% / 8h	1h 45m	$2.8M	$945K	—
Short	Gate NBIS_USDT	233.24	0	get 0.0000% / 8h	1h 45m	$2.8M	$5.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Variational Omni. 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 Variational OmnibpFee GatebpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → +0.006%: −$1.86
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$16.86
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Gate: live order book, 2 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 Variational Omni RFQ quote, 3 min ago	4.14 bp	doesn't fit	50.2 bp −$502	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	4.07 bp	14.1 bp −$14	67.8 bp −$678	291.5 bp −$29.2K	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
Deribit NBIS_USDC-PERPETUAL	−0.0050%	1h	233.11	−0.069%	$35K	$47K	10x	as long as short
Bybit NBISUSDT	0.0000%	8h	233.18	−0.039%	$5.1M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.24	−0.013%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDTshort	0.0000%	8h	233.24	−0.013%	$2.8M	$5.3M	50x
Bitget NBISUSDT	0.0000%	8h	233.25	−0.009%	$2.5M	$4.7M	20x	as long as short
Variational Omni NBISlong	0.0000%	8h	233.27	long leg	$2.8M	$945K	—
SunX NBIS-USDT	0.0000%	8h	233.27	0.000%	$1K	$1.8M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.16	−0.047%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.27	0.000%	$1.6M	$967K	10x	as long as short
BloFin NBIS-USDT	+0.0019%	8h	233.20	−0.030%	$205K	$213K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NBISUSDT	+0.0021%	8h	233.31	+0.016%	$19.4M	$86.9M	25x	as long as short
Aster NBISUSDT	+0.0022%	8h	233.49	+0.094%	$79K	$304K	50x	as long as short
Extended NBIS-USD	+0.0024%	1h	233.26	−0.004%	$141K	$697K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	233.19	−0.034%	$1.5M	$5.1M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0039%	8h	233.25	−0.007%	$5K	$147K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.20	−0.030%	$44K	$133K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.35	+0.034%	—	$234K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.24	−0.013%	$136K	$645K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.26	−0.004%	$19	$20K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0072%	1h	232.99	−0.120%	$356K	$702K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0074%	1h	233.27	0.000%	$173K	$498K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.04	−0.099%	$480K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.26	−0.004%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.28	+0.004%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0254%	1h	233.19	−0.033%	$28K	$63K	3x	as long as short
tradeXYZ xyz:NBIS	+0.0261%	1h	233.31	+0.017%	$54.4M	$23.5M	10x	as long as short
Lighter NBIS	+0.0264%	1h	233.32	+0.021%	$934K	$4.6M	10x	as long as short
Entropy io:NBIS	+0.0268%	1h	233.24	−0.013%	$10.2M	$3.3M	10x	as long as short
Phoenix NBIS	+0.0343%	1h	233.45	+0.077%	$7K	$185K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0347%	1h	233.11	−0.067%	$24K	$13K	20x	as long as short
edgeX NBISUSDC	+0.0602%	4h	233.27	−0.001%	$37K	$234K	10x	as long as short