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

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h +0.058%
Price spread now: Nado against Gate+0.170%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$940.941% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.086%+$9 on $10k
Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.170%, 7d avg −0.038%
Together, before fees+0.056%+ Points / potential airdropNado: Active · farm board+$6 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 Nado is 0.208% dearer against Gate than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.038%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate NBIS_USDT228.250get 0.0000% / 8h7h 36m$2.7M$5.1M50x
ShortNado NBIS-PERP228.640.0059get 0.0007% / 1h36m 58s$38K$116K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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
$12.38
Price spread: +0.170% → −0.038%
$20.81
Slippage, 4 orders
−$72.11
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$60.92
Costs to cover
0.941%
Break-even
41.4 days
Slippage from Gate: live order book, 1 min ago; Nado: live order book, 56 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, 1 min ago3.71 bp13.0 bp −$1331.4 bp −$31461.1 bp −$6,107doesn't fit
Sell Nado live order book, 56 min ago11.46 bp31.6 bp −$32doesn't fitdoesn't fitdoesn'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−0.0280%8h228.55+0.131%$2.3M$4.5M20xas long as short
BloFin NBIS-USDT−0.0016%8h228.98+0.320%$201K$212K20xas long as short
Coinbase International NBIS-PERP-INTX−0.0008%1h229.39+0.499%$355K$806K10xas long as short
Aster NBISUSDT0.0000%8h228.40+0.065%$80K$313K50xas long as short
Extended NBIS-USD0.0000%1h228.46+0.092%$146K$877K10xas long as short
Binance NBISUSDT0.0000%8h228.25−0.001%$18.5M$88.5M25xas long as short
Bybit NBISUSDT0.0000%8h228.19−0.026%$4.8M$6.7M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h228.05−0.088%$3.2M$15.8M25xas long as short
Gate NBIS_USDTlong0.0000%8h228.25long leg$2.7M$5.1M50x
Variational Omni NBIS0.0000%8h228.94+0.303%$2.8M$576Kas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT NBIS_USDT_Perp0.0000%8h228.78+0.230%$4K$114K10xas long as short
SunX NBIS-USDT0.0000%8h228.99+0.324%$1K$1.6M10xas long as short
Deribit NBIS_USDC-PERPETUAL0.0000%1h228.61+0.158%$34K$49K10xas long as short
HTX NBIS-USDT0.0000%8h228.61+0.158%$15K$58K20xas long as short
Phemex NBISUSDT0.0000%8h228.52+0.118%$1.5M$971K10xas long as short
Arcus NBIS-USD+0.0040%1h228.86+0.267%$42K$124K5xas long as short
Vest NBIS-USD-PERP+0.0046%1h228.57+0.140%$224K5xas long as short
Polymarket Perps NBIS-USD+0.0050%1h228.70+0.197%$136K$466K10xas long as short
SoDEX NBIS-USD+0.0050%1h228.62+0.162%$69$20K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h228.53+0.123%$148K$538K10xas long as short
Nado NBIS-PERPshort+0.0059%1h228.64+0.170%$38K$116K3x
QFEX NBIS-USD+0.0064%1h228.83+0.254%$1.5M$3.7M10xas long as short
tradeXYZ xyz:NBIS+0.0075%1h228.51+0.114%$53.3M$21.4M10xas long as short
KuCoin NBISUSDTM+0.0100%8h228.46+0.092%$470K$57K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h228.84+0.258%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h228.65+0.177%10xas long as short
Lighter NBIS+0.0136%1h228.59+0.149%$915K$4.0M10xas long as short
Phoenix NBIS+0.0277%1h229.09+0.368%$7K$125K10xas long as short
Entropy io:NBIS+0.0307%1h228.85+0.263%$10.0M$3.1M10xas long as short
Kraken Futures PF_NBISUSD+0.0682%1h228.78+0.232%$22K$16K20xas long as short
edgeX NBISUSDC+0.0808%4h228.81+0.244%$37K$227K10xas long as short