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

NBIS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0895%/8h= +98.0% APRpaid last 24h +0.134%
Price spread now: edgeX against Deribit+0.223%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropedgeX: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and edgeX is 0.223% dearer against Deribit than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit NBIS_USDC-PERPETUAL230.30−0.0010get 0.0001% / 1h27m 35s$34K$49K10x
ShortedgeX NBISUSDC230.810.0884get 0.0442% / 4h2h 27m$37K$225K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Deribit. 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
$187.87
Price spread: +0.223% → 0.000%
$22.27
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$194.15
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Deribit: no order-book sample; edgeX: live order book, 19 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit no order-book sample
Sell edgeX live order book, 19 min ago5.60 bp16.4 bp −$16doesn't fitdoesn't fitdoesn't fit
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bitget NBISUSDT−0.0441%8h230.45+0.065%$2.3M$4.6M20xas long as short
BloFin NBIS-USDT−0.0024%8h231.08+0.339%$206K$205K20xas long as short
Deribit NBIS_USDC-PERPETUALlong−0.0010%1h230.30long leg$34K$49K10x
Aster NBISUSDT0.0000%8h230.38+0.036%$84K$311K50xas long as short
Extended NBIS-USD0.0000%1h230.31+0.002%$144K$753K10xas long as short
Binance NBISUSDT0.0000%8h230.36+0.027%$18.4M$86.5M25xas long as short
Bybit NBISUSDT0.0000%8h230.28−0.009%$4.9M$6.4M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h230.23−0.030%$3.3M$16.0M25xas long as short
Gate NBIS_USDT0.0000%8h230.39+0.039%$2.7M$5.1M50xas long as short
Variational Omni NBIS0.0000%8h230.59+0.126%$2.9M$555Kas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT NBIS_USDT_Perp0.0000%8h230.84+0.234%$5K$118K10xas long as short
SunX NBIS-USDT0.0000%8h230.61+0.135%$759$1.6M10xas long as short
HTX NBIS-USDT0.0000%8h230.89+0.256%$15K$61K20xas long as short
Phemex NBISUSDT0.0000%8h230.43+0.056%$1.6M$955K10xas long as short
Nado NBIS-PERP+0.0009%1h230.57+0.116%$37K$115K3xas long as short
QFEX NBIS-USD+0.0029%1h230.36+0.026%$1.5M$3.9M10xas long as short
Arcus NBIS-USD+0.0040%1h230.54+0.104%$42K$132K5xas long as short
Vest NBIS-USD-PERP+0.0046%1h230.55+0.109%$219K5xas long as short
Polymarket Perps NBIS-USD+0.0050%1h230.40+0.043%$137K$473K10xas long as short
SoDEX NBIS-USD+0.0050%1h230.43+0.056%$92$20K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h230.75+0.195%$159K$531K10xas long as short
tradeXYZ xyz:NBIS+0.0057%1h230.33+0.013%$53.5M$20.5M10xas long as short
KuCoin NBISUSDTM+0.0100%8h230.36+0.026%$475K$20K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h230.43+0.056%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h230.40+0.042%10xas long as short
Coinbase International NBIS-PERP-INTX+0.0168%1h230.62+0.139%$353K$792K10xas long as short
Lighter NBIS+0.0208%1h230.39+0.039%$915K$3.9M10xas long as short
Kraken Futures PF_NBISUSD+0.0224%1h230.31+0.005%$23K$15K20xas long as short
Phoenix NBIS+0.0242%1h230.78+0.208%$7K$150K10xas long as short
Entropy io:NBIS+0.0296%1h230.56+0.113%$10.0M$3.2M10xas long as short
edgeX NBISUSDCshort+0.0884%4h230.81+0.223%$37K$225K10x