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+0.0453%/8h= +49.6% APRpaid last 24h +0.129%
Price spread now: edgeX against Arcus+0.103%54s7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$510.515% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.417%+$42 on $10k
Price spread, last 4 days (all we have)+0.010%+$1 · spread now +0.103%, 7d avg +0.012%
Together, before fees+0.427%+ Points / potential airdropedgeX: Active · farm board+$43 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and edgeX is 0.091% dearer against Arcus than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.012%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus NBIS-USD233.910.0040pay 0.0005% / 1h26m 31s$42K$132K5x
ShortedgeX NBISUSDC234.150.0493get 0.0247% / 4h3h 26m$38K$225K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Arcus. 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
$95.09
Price spread: +0.103% → +0.012%
$9.1
Slippage, 4 orders
−$38
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$52.69
Costs to cover
0.515%
Break-even
3.1 days
Slippage from Arcus: live order book, 26 min ago; edgeX: live order book, 26 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 Arcus live order book, 26 min ago3.41 bp9.1 bp −$918.3 bp −$183doesn't fitdoesn't fit
Sell edgeX live order book, 26 min ago5.98 bp16.7 bp −$17doesn'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
Aster NBISUSDT0.0000%8h234.04+0.054%$78K$310K50xas long as short
Extended NBIS-USD0.0000%1h233.67−0.101%$147K$697K10xas long as short
Binance NBISUSDT0.0000%8h233.75−0.068%$19.2M$84.8M25xas long as short
Bybit NBISUSDT0.0000%8h233.76−0.064%$5.0M$6.3M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h233.66−0.107%$3.4M$16.1M25xas long as short
Gate NBIS_USDT0.0000%8h233.73−0.077%$2.7M$5.0M50xas long as short
Bitget NBISUSDT0.0000%8h233.71−0.086%$2.4M$4.4M20xas long as short
Variational Omni NBIS0.0000%8h234.33+0.179%$2.9M$555Kas long as short
GRVT NBIS_USDT_Perp0.0000%8h234.17+0.110%$4K$119K10xas long as short
SunX NBIS-USDT0.0000%8h234.21+0.128%$998$1.6M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit NBIS_USDC-PERPETUAL0.0000%1h233.99+0.034%$35K$49K10xas long as short
HTX NBIS-USDT0.0000%8h234.38+0.201%$15K$60K20xas long as short
Phemex NBISUSDT0.0000%8h234.05+0.060%$1.6M$954K10xas long as short
BloFin NBIS-USDT+0.0028%8h234.00+0.038%$206K$206K20xas long as short
QFEX NBIS-USD+0.0034%1h233.64−0.115%$1.5M$4.0M10xas long as short
Nado NBIS-PERP+0.0038%1h233.54−0.157%$38K$115K3xas long as short
Arcus NBIS-USDlong+0.0040%1h233.91long leg$42K$132K5x
Vest NBIS-USD-PERP+0.0046%1h233.92+0.004%$216K5xas long as short
Kraken Futures PF_NBISUSD+0.0048%1h233.97+0.027%$23K$15K20xas long as short
tradeXYZ xyz:NBIS+0.0050%1h233.56−0.150%$54.4M$20.1M10xas long as short
Polymarket Perps NBIS-USD+0.0050%1h233.57−0.145%$147K$456K10xas long as short
SoDEX NBIS-USD+0.0050%1h233.99+0.034%$94$21K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h234.15+0.103%$160K$502K10xas long as short
KuCoin NBISUSDTM+0.0100%8h233.83−0.034%$482K$20K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h234.04+0.056%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h233.99+0.034%10xas long as short
Coinbase International NBIS-PERP-INTX+0.0104%1h234.20+0.124%$375K$736K10xas long as short
Phoenix NBIS+0.0239%1h234.06+0.064%$7K$150K10xas long as short
Lighter NBIS+0.0248%1h233.70−0.090%$926K$3.9M10xas long as short
Entropy io:NBIS+0.0358%1h233.99+0.034%$10.2M$3.2M10xas long as short
edgeX NBISUSDCshort+0.0493%4h234.15+0.103%$38K$225K10x