Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0366%/8h= −40.1% APRpaid last 24h +0.029%

Price spread now: Gate against Arcus−0.025%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$500.499% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.139%−$14 on $10k

Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.025%, 7d avg +0.038%

Together, before fees−0.074%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Gate is 0.064% cheaper against Arcus than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.038%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NBIS-USD	235.65	0.0366	pay 0.0046% / 1h	2m 52s	$44K	$132K	5x
Short	Gate NBIS_USDT	235.59	0	get 0.0000% / 8h	7h 02m	$2.8M	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Arcus. 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 ArcusbpFee GatebpOrdersPrice spread, now −0.025%Rate

Funding earned: −$76.93
Price spread: −0.025% → +0.038%: −$6.36
Slippage, 4 orders: −$30.41
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$133.19
Costs to cover: 0.499%
Break-even: never at this rate

Slippage from Arcus: live order book, 5 min ago; Gate: live order book, just now.

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 Arcus live order book, 5 min ago	2.33 bp	4.6 bp −$5	14.0 bp −$140	doesn't fit	doesn't fit
Sell Gate live order book, just now	3.39 bp	17.1 bp −$17	93.8 bp −$938	298.4 bp −$29.8K	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
Kraken Futures PF_NBISUSD	−0.0179%	1h	235.41	−0.102%	$24K	$15K	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.63	−0.008%	$3.4M	$16.8M	25x	as long as short
Gate NBIS_USDTshort	0.0000%	8h	235.59	−0.025%	$2.8M	$5.1M	50x
SunX NBIS-USDT	0.0000%	8h	235.91	+0.110%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.46	−0.081%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.71	+0.025%	$15K	$66K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.56	−0.038%	$1.6M	$973K	10x	as long as short
Bybit NBISUSDT	+0.0012%	8h	235.51	−0.059%	$5.1M	$6.4M	50x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0016%	1h	236.05	+0.170%	$386K	$736K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.58	−0.030%	$1.5M	$4.9M	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	236.00	+0.149%	—	$223K	5x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.80	+0.064%	$175K	$503K	10x	as long as short
SoDEX NBIS-USD	+0.0079%	1h	235.58	−0.030%	$94	$20K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.41	−0.102%	$485K	$22K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.55	−0.042%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.58	−0.029%	—	—	10x	as long as short
Bitget NBISUSDT	+0.0114%	8h	235.60	−0.021%	$2.5M	$4.6M	20x	as long as short
Nado NBIS-PERP	+0.0140%	1h	235.48	−0.073%	$31K	$66K	3x	as long as short
Polymarket Perps NBIS-USD	+0.0144%	1h	235.58	−0.030%	$142K	$462K	10x	as long as short
Variational Omni NBIS	+0.0256%	8h	235.67	+0.009%	$2.9M	$591K	—	as long as short
Aster NBISUSDT	+0.0263%	8h	235.70	+0.022%	$81K	$308K	50x	as long as short
BloFin NBIS-USDT	+0.0269%	8h	235.56	−0.038%	$207K	$211K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0283%	1h	235.57	−0.034%	$55.1M	$23.6M	10x	as long as short
Binance NBISUSDT	+0.0286%	8h	235.60	−0.020%	$19.6M	$85.4M	25x	as long as short
Lighter NBIS	+0.0288%	1h	235.66	+0.004%	$920K	$4.5M	10x	as long as short
Extended NBIS-USD	+0.0288%	1h	235.56	−0.040%	$151K	$705K	10x	as long as short
Arcus NBIS-USDlong	+0.0366%	1h	235.65	long leg	$44K	$132K	5x
GRVT NBIS_USDT_Perp	+0.0375%	8h	235.73	+0.033%	$5K	$131K	10x	as long as short
Phoenix NBIS	+0.0409%	1h	235.91	+0.110%	$7K	$163K	10x	as long as short
edgeX NBISUSDC	+0.0499%	4h	235.71	+0.026%	$38K	$226K	10x	as long as short
Entropy io:NBIS	+0.0864%	1h	235.60	−0.021%	$10.3M	$3.4M	10x	as long as short