Funding arb · Price arb /

NBIS

RWAall NBIS markets

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: Gate against Variational Omni+0.182%7-day average +0.002% · you sell dearer than you buy

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

Long on Variational Omni Short on Gate

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−0.172%−$17 · spread now +0.182%, 7d avg +0.002%

Together, before fees−0.246%+ Points / potential airdropVariational Omni: Active · farm board−$25 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: Gate is 0.181% dearer against Variational Omni than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NBIS	230.57	0	get 0.0000% / 8h	1h 29m	$2.8M	$601K	—
Short	Gate NBIS_USDT	230.99	0	get 0.0000% / 8h	1h 29m	$2.7M	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Variational Omni. 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 Variational OmnibpFee GatebpOrdersPrice spread, now +0.182%Rate

Funding earned: $0
Price spread: +0.182% → +0.002%: $18.07
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $3.07
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Gate: live order book, 4 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 Variational Omni RFQ quote, 5 min ago	4.60 bp	doesn't fit	41.0 bp −$410	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.17 bp	12.8 bp −$13	79.9 bp −$799	290.7 bp −$29.1K	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	−0.0593%	8h	230.96	+0.169%	$2.3M	$4.5M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.65	+0.037%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.82	+0.106%	$149K	$635K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.93	+0.158%	$18.5M	$87.4M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.87	+0.130%	$4.9M	$6.6M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.85	+0.122%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDTshort	0.0000%	8h	230.99	+0.182%	$2.7M	$5.1M	50x
Variational Omni NBISlong	0.0000%	8h	230.57	long leg	$2.8M	$601K	—
GRVT NBIS_USDT_Perp	0.0000%	8h	230.56	−0.004%	$5K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.50	−0.030%	$1K	$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	230.73	+0.070%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.77	+0.087%	$1.6M	$963K	10x	as long as short
BloFin NBIS-USDT	+0.0026%	8h	230.51	−0.026%	$204K	$204K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.45	−0.052%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.78	+0.091%	—	$221K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.84	+0.117%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.60	+0.013%	$111	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.38	−0.082%	$152K	$547K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	230.95	+0.165%	$1.5M	$3.8M	10x	as long as short
Nado NBIS-PERP	+0.0077%	1h	230.41	−0.069%	$37K	$115K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.64	+0.031%	$475K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.59	+0.009%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.60	+0.014%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0105%	1h	230.77	+0.087%	$54.3M	$21.0M	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	230.39	−0.078%	$351K	$812K	10x	as long as short
Lighter NBIS	+0.0256%	1h	230.66	+0.039%	$953K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	230.30	−0.117%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0358%	1h	230.54	−0.013%	$10.0M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0685%	1h	230.79	+0.094%	$23K	$15K	20x	as long as short
edgeX NBISUSDC	+0.0774%	4h	230.55	−0.009%	$37K	$227K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0965%	1h	230.68	+0.048%	$34K	$49K	10x	as long as short