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

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0320%/8h= +35.0% APRpaid last 24h +0.103%
Price spread now: edgeX against Bitget−0.048%54s7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$640.637% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.571%+$57 on $10k
Price spread, last 3 days (all we have)+0.138%+$14 · spread now −0.048%, 7d avg −0.004%
Together, before fees+0.709%+ Points / potential airdropedgeX: Active · farm board+$71 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.045% cheaper against Bitget than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of −0.004%). If the spread goes back, that is −$4 on $10k: about 11 hours of funding at the current rate (+$10 a day). 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
LongBitget NBISUSDT234.430get 0.0000% / 8h46m 38s$2.5M$4.8M20x
ShortedgeX NBISUSDC234.320.0320get 0.0160% / 4h46m 38s$38K$235K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Bitget. 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
$67.14
Price spread: −0.048% → −0.004%
−$4.46
Slippage, 4 orders
−$42.73
Fee Bitget: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$1.05
Costs to cover
0.637%
Break-even
7.1 days
Slippage from Bitget: live order book, 1 min ago; edgeX: live order book, 30 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 Bitget live order book, 1 min ago2.77 bp13.3 bp −$1325.9 bp −$25937.9 bp −$3,787doesn't fit
Sell edgeX live order book, 30 min ago5.56 bp17.3 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
Bybit NBISUSDT0.0000%8h234.41−0.009%$5.2M$6.5M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h234.51+0.034%$3.4M$17.0M25xas long as short
Gate NBIS_USDT0.0000%8h234.47+0.017%$2.8M$5.3M50xas long as short
Bitget NBISUSDTlong0.0000%8h234.43long leg$2.5M$4.8M20x
SunX NBIS-USDT0.0000%8h234.34−0.038%$874$1.8M10xas long as short
Coinbase International NBIS-PERP-INTX0.0000%1h233.76−0.286%$358K$699K10xas long as short
HTX NBIS-USDT0.0000%8h234.37−0.026%$15K$115K20xas long as short
Phemex NBISUSDT0.0000%8h234.38−0.021%$1.6M$967K10xas long as short
Vest NBIS-USD-PERP+0.0046%1h234.49+0.026%$234K5xas long as short
SoDEX NBIS-USD+0.0050%1h234.40−0.013%$33$20K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps NBIS-USD+0.0050%1h234.35−0.034%$147K$706K10xas long as short
QFEX NBIS-USD+0.0051%1h234.40−0.013%$1.5M$5.1M10xas long as short
Deribit NBIS_USDC-PERPETUAL+0.0092%1h234.26−0.073%$35K$48K10xas long as short
KuCoin NBISUSDTM+0.0100%8h234.24−0.081%$483K$25K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h234.36−0.030%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h234.41−0.010%10xas long as short
Variational Omni NBIS+0.0183%8h234.38−0.021%$2.9M$821Kas long as short
Aster NBISUSDT+0.0227%8h234.32−0.047%$79K$306K50xas long as short
Nado NBIS-PERP+0.0234%1h234.21−0.093%$28K$63K3xas long as short
Extended NBIS-USD+0.0240%1h234.41−0.010%$142K$697K10xas long as short
Binance NBISUSDT+0.0241%8h234.45+0.010%$19.4M$86.3M25xas long as short
Kraken Futures PF_NBISUSD+0.0248%1h234.24−0.079%$24K$13K20xas long as short
BloFin NBIS-USDT+0.0260%8h234.47+0.017%$206K$214K20xas long as short
GRVT NBIS_USDT_Perp+0.0261%8h234.41−0.009%$5K$139K10xas long as short
Arcus NBIS-USD+0.0269%1h234.36−0.030%$44K$134K5xas long as short
tradeXYZ xyz:NBIS+0.0299%1h234.42−0.004%$54.7M$23.3M10xas long as short
edgeX NBISUSDCshort+0.0320%4h234.32−0.048%$38K$235K10x
Lighter NBIS+0.0368%1h234.48+0.021%$931K$4.6M10xas long as short
Phoenix NBIS+0.0376%1h234.42−0.004%$7K$163K10xas long as short
Ondo Perps NBIS-USD.P+0.0404%1h234.33−0.043%$174K$498K10xas long as short
Entropy io:NBIS+0.0504%1h234.37−0.026%$10.2M$3.3M10xas long as short