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+0.0026%/8h= +2.8% APRnext payment +$0.26 per $10,000 · paid last 24h −0.030%
Price spread now: BloFin against Gate+0.109%63s7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$550.552% 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)−0.164%−$16 · spread now +0.109%, 7d avg −0.010%
Together, before fees−0.178%−$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.118% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.010%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate NBIS_USDT230.370get 0.0000% / 8h2h 26m$2.7M$5.1M50x
ShortBloFin NBIS-USDT230.620.0026get 0.0026% / 8h2h 26m$205K$204K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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
$5.42
Price spread: +0.109% → −0.010%
$11.84
Slippage, 4 orders
−$28.19
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$37.94
Costs to cover
0.552%
Break-even
56.0 days
Slippage from Gate: live order book, 2 min ago; BloFin: live order book, 55 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 Gate live order book, 2 min ago3.47 bp12.9 bp −$1326.7 bp −$26757.9 bp −$5,792doesn't fit
Sell BloFin live order book, 55 min ago0.21 bp8.2 bp −$816.7 bp −$16749.5 bp −$4,949doesn'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
Bitget NBISUSDT−0.0460%8h230.40+0.013%$2.3M$4.6M20xas long as short
Aster NBISUSDT0.0000%8h230.33−0.019%$84K$311K50xas long as short
Extended NBIS-USD0.0000%1h230.32−0.024%$146K$757K10xas long as short
Binance NBISUSDT0.0000%8h230.39+0.007%$18.4M$86.6M25xas long as short
Bybit NBISUSDT0.0000%8h230.27−0.043%$4.9M$6.4M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h230.32−0.022%$3.3M$16.0M25xas long as short
Gate NBIS_USDTlong0.0000%8h230.37long leg$2.7M$5.1M50x
Variational Omni NBIS0.0000%8h230.38+0.003%$2.9M$554Kas long as short
GRVT NBIS_USDT_Perp0.0000%8h230.84+0.203%$5K$118K10xas long as short
SunX NBIS-USDT0.0000%8h230.40+0.013%$823$1.6M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX NBIS-USDT0.0000%8h230.52+0.065%$15K$61K20xas long as short
Phemex NBISUSDT0.0000%8h230.38+0.004%$1.6M$955K10xas long as short
Nado NBIS-PERP+0.0009%1h230.12−0.109%$37K$115K3xas long as short
BloFin NBIS-USDTshort+0.0026%8h230.62+0.109%$205K$204K20x
QFEX NBIS-USD+0.0029%1h230.25−0.052%$1.5M$3.9M10xas long as short
Arcus NBIS-USD+0.0040%1h230.42+0.022%$42K$132K5xas long as short
Vest NBIS-USD-PERP+0.0046%1h230.17−0.087%$220K5xas long as short
Polymarket Perps NBIS-USD+0.0050%1h230.19−0.078%$137K$473K10xas long as short
SoDEX NBIS-USD+0.0050%1h230.28−0.039%$97$20K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h230.21−0.069%$152K$531K10xas long as short
tradeXYZ xyz:NBIS+0.0060%1h230.20−0.074%$53.5M$20.5M10xas long as short
KuCoin NBISUSDTM+0.0100%8h230.21−0.069%$474K$20K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h230.28−0.039%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h230.27−0.045%10xas long as short
Coinbase International NBIS-PERP-INTX+0.0168%1h230.62+0.109%$353K$792K10xas long as short
Lighter NBIS+0.0216%1h230.28−0.039%$916K$4.0M10xas long as short
Kraken Futures PF_NBISUSD+0.0224%1h230.27−0.042%$23K$15K20xas long as short
Phoenix NBIS+0.0242%1h231.01+0.278%$7K$150K10xas long as short
Entropy io:NBIS+0.0292%1h230.43+0.026%$10.0M$3.2M10xas long as short
Deribit NBIS_USDC-PERPETUAL+0.0489%1h230.30−0.030%$34K$49K10xas long as short
edgeX NBISUSDC+0.0884%4h230.81+0.192%$37K$225K10xas long as short