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

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.042%
Price spread now: Gate against Polymarket Perps+0.043%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$450.447% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.063%+$6 on $10k
Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.043%, 7d avg +0.030%
Together, before fees−0.046%−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.063%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps NBIS-USD232.750.0050pay 0.0006% / 1h18m 32s$146K$456K10x
ShortGate NBIS_USDT232.850get 0.0000% / 8h3h 18m$2.7M$5.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Polymarket Perps. 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
−$10.5
Price spread: +0.043% → +0.030%
$1.25
Slippage, 4 orders
−$21.65
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$53.9
Costs to cover
0.447%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 34 min ago; Gate: live order book, 5 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 Polymarket Perps live order book, 34 min ago2.56 bp6.6 bp −$77.3 bp −$7333.0 bp −$3,295doesn't fit
Sell Gate live order book, 5 min ago3.43 bp17.9 bp −$1868.6 bp −$686doesn'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
Aster NBISUSDT0.0000%8h232.96+0.092%$78K$310K50xas long as short
Extended NBIS-USD0.0000%1h232.76+0.005%$146K$659K10xas long as short
Binance NBISUSDT0.0000%8h232.82+0.031%$19.0M$84.9M25xas long as short
Bybit NBISUSDT0.0000%8h232.89+0.060%$5.0M$6.3M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h232.76+0.004%$3.4M$16.1M25xas long as short
Gate NBIS_USDTshort0.0000%8h232.85+0.043%$2.7M$5.1M50x
Bitget NBISUSDT0.0000%8h232.80+0.021%$2.3M$4.4M20xas long as short
Variational Omni NBIS0.0000%8h233.38+0.272%$2.9M$558Kas long as short
GRVT NBIS_USDT_Perp0.0000%8h233.38+0.271%$5K$120K10xas long as short
SunX NBIS-USDT0.0000%8h233.37+0.266%$1K$1.6M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit NBIS_USDC-PERPETUAL0.0000%1h232.92+0.073%$35K$49K10xas long as short
HTX NBIS-USDT0.0000%8h233.56+0.348%$15K$60K20xas long as short
Phemex NBISUSDT0.0000%8h232.92+0.073%$1.6M$954K10xas long as short
BloFin NBIS-USDT+0.0006%8h233.00+0.107%$205K$205K20xas long as short
Nado NBIS-PERP+0.0022%1h232.79+0.018%$38K$115K3xas long as short
QFEX NBIS-USD+0.0034%1h232.79+0.017%$1.5M$4.0M10xas long as short
Arcus NBIS-USD+0.0040%1h233.09+0.146%$42K$132K5xas long as short
Vest NBIS-USD-PERP+0.0046%1h232.94+0.082%$216K5xas long as short
Kraken Futures PF_NBISUSD+0.0049%1h232.96+0.090%$23K$15K20xas long as short
tradeXYZ xyz:NBIS+0.0050%1h232.77+0.009%$54.2M$20.1M10xas long as short
Polymarket Perps NBIS-USDlong+0.0050%1h232.75long leg$146K$456K10x
SoDEX NBIS-USD+0.0050%1h233.01+0.112%$107$21K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h233.01+0.112%$160K$500K10xas long as short
KuCoin NBISUSDTM+0.0100%8h232.80+0.021%$480K$20K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h233.02+0.116%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h232.97+0.094%10xas long as short
Coinbase International NBIS-PERP-INTX+0.0104%1h233.30+0.236%$362K$764K10xas long as short
Lighter NBIS+0.0216%1h232.90+0.064%$923K$4.0M10xas long as short
Phoenix NBIS+0.0239%1h233.32+0.245%$7K$150K10xas long as short
Entropy io:NBIS+0.0279%1h233.13+0.163%$10.1M$3.2M10xas long as short
edgeX NBISUSDC+0.0340%4h233.36+0.262%$37K$227K10xas long as short