Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0316%/8h= +34.6% APRpaid last 24h +0.119%

Price spread now: edgeX against Coinbase International+0.241%77s7-day average −0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$590.588% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.461%+$46 on $10k

Price spread, last 4 days (all we have)−0.349%−$35 · spread now +0.241%, 7d avg −0.095%

Together, before fees+0.111%+ Points / potential airdropedgeX: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and edgeX is 0.335% dearer against Coinbase International than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of −0.095%. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NBIS-PERP-INTX	232.69	0.0104	pay 0.0013% / 1h	51m 46s	$381K	$877K	10x
Short	edgeX NBISUSDC	233.25	0.0420	get 0.0210% / 4h	1h 51m	$37K	$226K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Coinbase International. 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 Coinbase InternationalbpFee edgeXbpOrdersPrice spread, now +0.241%Rate

Funding earned: $66.34
Price spread: +0.241% → −0.095%: $33.54
Slippage, 4 orders: −$39.8
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $41.08
Costs to cover: 0.588%
Break-even: 2.7 days

Slippage from Coinbase International: live order book, 59 min ago; edgeX: live order book, 58 min ago.

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 Coinbase International live order book, 59 min ago	5.64 bp	13.8 bp −$14	22.3 bp −$223	doesn't fit	doesn't fit
Sell edgeX live order book, 58 min ago	6.72 bp	14.4 bp −$14	doesn't fit	doesn't fit	doesn't fit

NBIS on 31 exchanges

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
OKX NBIS-USDT-SWAP	0.0000%	8h	234.55	+0.799%	$3.4M	$16.6M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.48	+0.769%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.61	+0.825%	$2.3M	$4.5M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.63	+0.404%	$937	$1.4M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.21	+0.223%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.66	+0.847%	$1.6M	$969K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.36	+0.718%	—	$250K	5x	as long as short
QFEX NBIS-USD	+0.0058%	1h	233.84	+0.494%	$1.6M	$3.6M	10x	as long as short
Variational Omni NBIS	+0.0063%	8h	233.08	+0.166%	$2.9M	$637K	—	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.11	+0.610%	$475K	$177K	20x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.27	+0.679%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.29	+0.689%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTXlong	+0.0104%	1h	232.69	long leg	$381K	$877K	10x
Aster NBISUSDT	+0.0115%	8h	233.72	+0.442%	$75K	$312K	50x	as long as short
Bybit NBISUSDT	+0.0115%	8h	234.68	+0.855%	$5.4M	$7.0M	50x	as long as short
Extended NBIS-USD	+0.0136%	1h	234.42	+0.743%	$149K	$846K	10x	as long as short
BloFin NBIS-USDT	+0.0141%	8h	233.85	+0.499%	$157K	$217K	20x	as long as short
Ondo Perps NBIS-USD.P	+0.0142%	1h	234.20	+0.649%	$155K	$526K	10x	as long as short
Binance NBISUSDT	+0.0147%	8h	234.50	+0.777%	$20.4M	$90.9M	25x	as long as short
Polymarket Perps NBIS-USD	+0.0215%	1h	234.38	+0.726%	$138K	$472K	10x	as long as short
Nado NBIS-PERP	+0.0224%	1h	234.22	+0.656%	$38K	$85K	3x	as long as short
Kraken Futures PF_NBISUSD	+0.0368%	1h	234.29	+0.688%	$22K	$11K	20x	as long as short
Phoenix NBIS	+0.0377%	1h	233.04	+0.150%	$7K	$127K	10x	as long as short
Arcus NBIS-USD	+0.0413%	1h	234.58	+0.812%	$42K	$119K	5x	as long as short
edgeX NBISUSDCshort	+0.0420%	4h	233.25	+0.241%	$37K	$226K	10x
Deribit NBIS_USDC-PERPETUAL	+0.0432%	1h	234.70	+0.864%	$35K	$49K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0433%	8h	233.43	+0.317%	$5K	$102K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0472%	1h	234.56	+0.804%	$55.4M	$19.2M	10x	as long as short
Lighter NBIS	+0.0544%	1h	234.52	+0.786%	$946K	$3.8M	10x	as long as short
SoDEX NBIS-USD	+0.0768%	1h	234.09	+0.602%	$70	$19K	10x	as long as short
Entropy io:NBIS	+0.0821%	1h	233.95	+0.541%	$10.2M	$3.0M	10x	as long as short