Settings8H · net · $10k
Funding arb · Price arb /

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.14 per $10,000 · paid last 24h +0.030%
Price spread now: Gate against BloFin+0.082%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$490.486% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.013%+$1 on $10k
Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.082%, 7d avg +0.009%
Together, before fees−0.004%$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Gate is 0.073% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NBIS-USDT232.20−0.0014get 0.0014% / 8h3h 06m$206K$204K20x
ShortGate NBIS_USDT232.390get 0.0000% / 8h3h 06m$2.7M$5.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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

Funding earned
$2.92
Price spread: +0.082% → +0.009%
$7.29
Slippage, 4 orders
−$21.59
Fee BloFin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$38.37
Costs to cover
0.486%
Break-even
98.9 days
Slippage from BloFin: live order book, 14 min ago; Gate: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 14 min ago0.21 bp10.1 bp −$1013.8 bp −$138doesn't fitdoesn't fit
Sell Gate live order book, 1 min ago2.80 bp18.2 bp −$18134.8 bp −$1,348308.3 bp −$30.8Kdoesn't fit

NBIS on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin NBIS-USDTlong−0.0014%8h232.20long leg$206K$204K20x
Aster NBISUSDT0.0000%8h232.49+0.127%$78K$310K50xas long as short
Extended NBIS-USD0.0000%1h232.29+0.039%$146K$599K10xas long as short
Binance NBISUSDT0.0000%8h232.42+0.096%$18.9M$85.6M25xas long as short
Bybit NBISUSDT0.0000%8h232.48+0.121%$5.0M$6.4M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h232.60+0.172%$3.4M$16.1M25xas long as short
Gate NBIS_USDTshort0.0000%8h232.39+0.082%$2.7M$5.1M50x
Bitget NBISUSDT0.0000%8h232.45+0.108%$2.3M$4.5M20xas long as short
Variational Omni NBIS0.0000%8h232.19−0.006%$2.9M$552Kas long as short
GRVT NBIS_USDT_Perp0.0000%8h231.97−0.099%$5K$118K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX NBIS-USDT0.0000%8h231.93−0.116%$937$1.6M10xas long as short
HTX NBIS-USDT0.0000%8h232.16−0.017%$15K$60K20xas long as short
Phemex NBISUSDT0.0000%8h232.18−0.009%$1.6M$956K10xas long as short
Nado NBIS-PERP+0.0008%1h232.06−0.060%$38K$115K3xas long as short
QFEX NBIS-USD+0.0034%1h232.14−0.026%$1.5M$4.0M10xas long as short
Arcus NBIS-USD+0.0040%1h232.17−0.013%$42K$132K5xas long as short
Vest NBIS-USD-PERP+0.0046%1h232.10−0.043%$217K5xas long as short
Kraken Futures PF_NBISUSD+0.0049%1h232.13−0.032%$23K$15K20xas long as short
tradeXYZ xyz:NBIS+0.0050%1h232.08−0.052%$54.1M$20.2M10xas long as short
Polymarket Perps NBIS-USD+0.0050%1h232.07−0.056%$143K$459K10xas long as short
SoDEX NBIS-USD+0.0050%1h232.03−0.073%$97$21K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h232.08−0.052%$160K$507K10xas long as short
Deribit NBIS_USDC-PERPETUAL+0.0095%1h232.10−0.043%$34K$49K10xas long as short
KuCoin NBISUSDTM+0.0100%8h232.14−0.026%$478K$20K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h232.07−0.056%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h232.07−0.057%10xas long as short
Coinbase International NBIS-PERP-INTX+0.0104%1h232.30+0.043%$361K$771K10xas long as short
Lighter NBIS+0.0200%1h232.19−0.004%$915K$4.0M10xas long as short
Phoenix NBIS+0.0239%1h232.25+0.022%$7K$150K10xas long as short
Entropy io:NBIS+0.0290%1h232.30+0.043%$10.1M$3.2M10xas long as short
edgeX NBISUSDC+0.0317%4h231.93−0.115%$37K$226K10xas long as short