Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.019%

Price spread now: Coinbase International against Gate+0.136%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$720.717% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.370%+$37 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now +0.136%, 7d avg +0.064%

Together, before fees+0.379%+$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.072% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NBIS_USDT	235.24	0	get 0.0000% / 8h	4h 13m	$2.8M	$5.0M	50x
Short	Coinbase International NBIS-PERP-INTX	235.56	0.0056	get 0.0007% / 1h	13m 56s	$389K	$724K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.136%Rate

Funding earned: $11.76
Price spread: +0.136% → +0.064%: $7.16
Slippage, 4 orders: −$46.72
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$52.8
Costs to cover: 0.717%
Break-even: 38.4 days

Slippage from Gate: live order book, 4 min ago; Coinbase International: live order book, 44 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 Gate live order book, 4 min ago	2.76 bp	15.8 bp −$16	29.5 bp −$295	57.9 bp −$5,792	doesn't fit
Sell Coinbase International live order book, 44 min ago	6.79 bp	11.8 bp −$12	18.5 bp −$185	doesn't fit	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
Nado NBIS-PERP	−0.0080%	1h	235.15	−0.036%	$38K	$115K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.36	+0.051%	$5.0M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.29	+0.021%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDTlong	0.0000%	8h	235.24	long leg	$2.8M	$5.0M	50x
Bitget NBISUSDT	0.0000%	8h	235.34	+0.043%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	235.25	+0.004%	$2.9M	$561K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.36	+0.050%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.24	0.000%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.17	−0.030%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.24	0.000%	$15K	$60K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NBISUSDT	0.0000%	8h	235.33	+0.038%	$1.6M	$955K	10x	as long as short
Aster NBISUSDT	+0.0036%	8h	235.33	+0.040%	$79K	$310K	50x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.18	−0.026%	$1.5M	$4.2M	10x	as long as short
Extended NBIS-USD	+0.0040%	1h	235.27	+0.014%	$150K	$701K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.16	−0.034%	$43K	$132K	5x	as long as short
Binance NBISUSDT	+0.0042%	8h	235.33	+0.039%	$19.4M	$84.5M	25x	as long as short
BloFin NBIS-USDT	+0.0043%	8h	235.22	−0.009%	$207K	$204K	20x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.45	+0.089%	—	$216K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	235.22	−0.009%	$54.8M	$19.9M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.17	−0.030%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.28	+0.017%	$47	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.39	+0.064%	$161K	$503K	10x	as long as short
Coinbase International NBIS-PERP-INTXshort	+0.0056%	1h	235.56	+0.136%	$389K	$724K	10x
KuCoin NBISUSDTM	+0.0100%	8h	235.10	−0.060%	$484K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.27	+0.013%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.25	+0.002%	—	—	10x	as long as short
Lighter NBIS	+0.0128%	1h	235.33	+0.038%	$903K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0272%	1h	235.43	+0.081%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0404%	1h	235.25	+0.004%	$10.2M	$3.2M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0477%	1h	235.25	+0.003%	$24K	$15K	20x	as long as short
edgeX NBISUSDC	+0.0673%	4h	235.27	+0.014%	$38K	$227K	10x	as long as short