Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.041%

Price spread now: Gate against Bybit+0.013%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$580.577% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 7 days−0.013%−$1 · spread now +0.013%, 7d avg +0.019%

Together, before fees−0.042%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NBISUSDT	230.94	0	get 0.0000% / 8h	1h 17m	$4.9M	$6.7M	50x
Short	Gate NBIS_USDT	230.97	0	get 0.0000% / 8h	1h 17m	$2.7M	$5.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → +0.019%: −$0.6
Slippage, 4 orders: −$31.68
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$58.28
Costs to cover: 0.577%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 1 min ago	1.95 bp	12.4 bp −$12	52.9 bp −$529	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.81 bp	17.3 bp −$17	56.3 bp −$563	289.3 bp −$28.9K	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
Bitget NBISUSDT	−0.0577%	8h	230.96	+0.009%	$2.3M	$4.5M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.75	−0.084%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.82	−0.054%	$149K	$635K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.85	−0.037%	$18.5M	$87.3M	25x	as long as short
Bybit NBISUSDTlong	0.0000%	8h	230.94	long leg	$4.9M	$6.7M	50x
OKX NBIS-USDT-SWAP	0.0000%	8h	230.76	−0.078%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDTshort	0.0000%	8h	230.97	+0.013%	$2.7M	$5.2M	50x
Variational Omni NBIS	0.0000%	8h	230.92	−0.009%	$2.8M	$601K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.86	−0.035%	$5K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.98	+0.017%	$968	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	231.03	+0.039%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.96	+0.009%	$1.6M	$964K	10x	as long as short
BloFin NBIS-USDT	+0.0009%	8h	230.99	+0.022%	$203K	$205K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0010%	1h	230.85	−0.039%	$34K	$49K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.76	−0.078%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.86	−0.035%	—	$221K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.84	−0.043%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.88	−0.026%	$111	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.92	−0.009%	$151K	$548K	10x	as long as short
Nado NBIS-PERP	+0.0054%	1h	230.83	−0.049%	$38K	$115K	3x	as long as short
QFEX NBIS-USD	+0.0056%	1h	231.00	+0.026%	$1.5M	$3.8M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0076%	1h	230.70	−0.104%	$54.3M	$21.0M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.86	−0.035%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.98	+0.017%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.85	−0.037%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	230.39	−0.238%	$351K	$812K	10x	as long as short
Lighter NBIS	+0.0184%	1h	230.93	−0.004%	$954K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	230.85	−0.039%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0361%	1h	230.87	−0.030%	$10.0M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0684%	1h	230.88	−0.024%	$23K	$15K	20x	as long as short
edgeX NBISUSDC	+0.0873%	4h	230.77	−0.072%	$37K	$227K	10x	as long as short