Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h —

Price spread now: Gate against Aevo+0.474%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Gate is 0.474% dearer against Aevo than usual: you sell high and buy low (spread +0.474% now, against zero (this spread has no 7-day history yet)): +$47 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NBIS-PERP	234.35	0.0104	pay 0.0013% / 1h	52m 44s	—	—	10x
Short	Gate NBIS_USDT	235.46	0	get 0.0000% / 8h	7h 52m	$2.8M	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aevo. 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 AevobpFee GatebpOrdersPrice spread, now +0.474%Rate

Funding earned: −$21.84
Price spread: +0.474% → 0.000%: $47.43
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$5.41
Costs to cover: 0.310%
Break-even: from the start

Slippage unknown: Aevo: 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 Aevo no order-book sample	—	—	—	—	—
Sell Gate live order book, 1 min ago	5.31 bp	15.0 bp −$15	239.5 bp −$2,395	doesn't fit	doesn't fit

Aevo: 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
Kraken Futures PF_NBISUSD	−0.0179%	1h	235.29	+0.404%	$24K	$15K	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.54	+0.508%	$3.4M	$17.1M	25x	as long as short
Gate NBIS_USDTshort	0.0000%	8h	235.46	+0.474%	$2.8M	$5.1M	50x
Bitget NBISUSDT	0.0000%	8h	235.50	+0.491%	$2.5M	$4.7M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.63	+0.547%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.44	+0.466%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.69	+0.572%	$15K	$113K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.58	+0.525%	$1.6M	$973K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0016%	1h	234.10	−0.106%	$359K	$678K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.53	+0.504%	$1.5M	$5.1M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0046%	1h	235.75	+0.598%	—	$234K	5x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.58	+0.525%	$174K	$507K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.35	+0.427%	$485K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.56	+0.517%	$2K	$3K	10x	as long as short
Aevo NBIS-PERPlong	+0.0104%	1h	234.35	long leg	—	—	10x
Nado NBIS-PERP	+0.0187%	1h	235.46	+0.475%	$29K	$63K	3x	as long as short
Variational Omni NBIS	+0.0195%	8h	235.77	+0.606%	$2.9M	$817K	—	as long as short
Aster NBISUSDT	+0.0214%	8h	235.74	+0.592%	$81K	$308K	50x	as long as short
Extended NBIS-USD	+0.0232%	1h	235.40	+0.448%	$138K	$700K	10x	as long as short
Binance NBISUSDT	+0.0232%	8h	235.51	+0.497%	$19.5M	$86.1M	25x	as long as short
BloFin NBIS-USDT	+0.0237%	8h	235.61	+0.538%	$205K	$213K	20x	as long as short
Bybit NBISUSDT	+0.0278%	8h	235.62	+0.543%	$5.1M	$6.5M	50x	as long as short
Arcus NBIS-USD	+0.0366%	1h	235.30	+0.406%	$44K	$134K	5x	as long as short
Lighter NBIS	+0.0392%	1h	235.59	+0.530%	$930K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0409%	1h	235.65	+0.555%	$7K	$163K	10x	as long as short
edgeX NBISUSDC	+0.0438%	4h	235.44	+0.465%	$38K	$228K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0566%	8h	235.49	+0.487%	$5K	$137K	10x	as long as short
Entropy io:NBIS	+0.0778%	1h	235.34	+0.423%	$10.3M	$3.4M	10x	as long as short
SoDEX NBIS-USD	+0.0786%	1h	235.52	+0.500%	$9	$20K	10x	as long as short
tradeXYZ xyz:NBIS	+0.1518%	1h	235.44	+0.466%	$54.9M	$23.4M	10x	as long as short
Polymarket Perps NBIS-USD	+0.1556%	1h	235.50	+0.491%	$141K	$432K	10x	as long as short