Funding arb · Price arb /

NBIS

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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 −0.034%

Price spread now: Variational Omni against Gate+0.060%7-day average −0.001% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.074%+$7 on $10k

Price spread, last 7 days−0.077%−$8 · spread now +0.060%, 7d avg −0.001%

Together, before fees−0.003%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.062% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NBIS_USDT	231.31	0	get 0.0000% / 8h	36m 49s	$2.7M	$5.2M	50x
Short	Variational Omni NBIS	231.45	0	get 0.0000% / 8h	36m 49s	$2.8M	$594K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → −0.001%: $6.19
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.81
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 1 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

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, 1 min ago	2.38 bp	28.2 bp −$28	28.8 bp −$288	54.3 bp −$5,426	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.79 bp	doesn't fit	37.0 bp −$370	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
Bitget NBISUSDT	−0.0456%	8h	231.44	+0.056%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.22	−0.038%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.36	+0.022%	$148K	$876K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.30	−0.004%	$18.6M	$87.8M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.27	−0.017%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.18	−0.056%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDTlong	0.0000%	8h	231.31	long leg	$2.7M	$5.2M	50x
Variational Omni NBISshort	0.0000%	8h	231.45	+0.060%	$2.8M	$594K	—
GRVT NBIS_USDT_Perp	0.0000%	8h	231.29	−0.009%	$4K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.35	+0.017%	$992	$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	231.29	−0.009%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.32	+0.004%	$1.6M	$968K	10x	as long as short
BloFin NBIS-USDT	+0.0008%	8h	231.36	+0.022%	$203K	$209K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.13	−0.078%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.25	−0.026%	$1.5M	$3.8M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.09	−0.095%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.13	−0.078%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.52	+0.091%	$151K	$544K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.398%	$353K	$814K	10x	as long as short
SoDEX NBIS-USD	+0.0085%	1h	231.25	−0.026%	$93	$20K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.07	−0.104%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.20	−0.048%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.15	−0.067%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0142%	1h	231.19	−0.052%	$54.3M	$21.1M	10x	as long as short
Nado NBIS-PERP	+0.0161%	1h	230.90	−0.177%	$38K	$116K	3x	as long as short
Phoenix NBIS	+0.0312%	1h	231.13	−0.078%	$7K	$125K	10x	as long as short
Lighter NBIS	+0.0368%	1h	231.30	−0.004%	$932K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0428%	1h	231.15	−0.069%	$10.1M	$3.1M	10x	as long as short
edgeX NBISUSDC	+0.0453%	4h	231.23	−0.033%	$37K	$226K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.13	−0.076%	$23K	$15K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.1049%	1h	231.16	−0.065%	$34K	$49K	10x	as long as short