Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0462%/8h= −50.6% APRpaid last 24h −0.144%

Price spread now: Arcus against edgeX−0.299%54s7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$480.482% of the position

Long on edgeX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.446%−$45 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.299%, 7d avg −0.014%

Together, before fees−0.409%+ Points / potential airdropedgeX: Active · farm board−$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Arcus is 0.285% cheaper against edgeX than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.014%). Swap the legs. The two prices were read 54 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	edgeX NBISUSDC	231.07	0.0719	pay 0.0360% / 4h	2h 54m	$37K	$226K	10x
Short	Arcus NBIS-USD	230.38	0.0257	get 0.0032% / 1h	54m 40s	$42K	$124K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against edgeX. 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 edgeXbpFee ArcusbpOrdersPrice spread, now −0.299%Rate

Funding earned: −$97.04
Price spread: −0.299% → −0.014%: −$28.51
Slippage, 4 orders: −$34.66
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$173.71
Costs to cover: 0.482%
Break-even: never at this rate

Slippage from edgeX: live order book, 37 min ago; Arcus: live order book, 38 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 edgeX live order book, 37 min ago	6.38 bp	14.7 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 38 min ago	3.30 bp	6.8 bp −$7	11.4 bp −$114	doesn't fit	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	−0.0041%	8h	230.46	−0.265%	$2.3M	$4.7M	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.31	−0.330%	$3.2M	$16.4M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.42	−0.282%	$2.7M	$5.0M	50x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.17	+0.043%	$1K	$1.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	230.42	−0.282%	$34K	$50K	10x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.45	−0.269%	$1.6M	$971K	10x	as long as short
Variational Omni NBIS	+0.0011%	8h	231.16	+0.038%	$2.8M	$639K	—	as long as short
Aster NBISUSDT	+0.0028%	8h	230.65	−0.180%	$74K	$320K	50x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.72	−0.152%	—	$246K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.57	−0.217%	$137K	$467K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.99	−0.035%	$149K	$538K	10x	as long as short
QFEX NBIS-USD	+0.0054%	1h	230.40	−0.291%	$1.5M	$3.7M	10x	as long as short
BloFin NBIS-USDT	+0.0058%	8h	230.56	−0.221%	$201K	$215K	20x	as long as short
Extended NBIS-USD	+0.0064%	1h	230.38	−0.299%	$145K	$856K	10x	as long as short
Binance NBISUSDT	+0.0064%	8h	230.47	−0.260%	$18.7M	$90.8M	25x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0088%	1h	230.78	−0.126%	$382K	$869K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.51	−0.243%	$467K	$107K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.77	−0.130%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.08	+0.005%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0107%	1h	230.56	−0.220%	$38K	$116K	3x	as long as short
Bybit NBISUSDT	+0.0146%	8h	230.55	−0.226%	$4.9M	$6.8M	50x	as long as short
HTX NBIS-USDT	+0.0157%	8h	230.95	−0.053%	$13K	$62K	20x	as long as short
SoDEX NBIS-USD	+0.0209%	1h	230.54	−0.230%	$74	$20K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0251%	1h	230.38	−0.299%	$54.1M	$21.8M	10x	as long as short
Arcus NBIS-USDshort	+0.0257%	1h	230.38	−0.299%	$42K	$124K	5x
Phoenix NBIS	+0.0277%	1h	230.93	−0.061%	$7K	$127K	10x	as long as short
Lighter NBIS	+0.0296%	1h	230.48	−0.256%	$925K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0681%	1h	230.57	−0.217%	$10.1M	$3.2M	10x	as long as short
edgeX NBISUSDClong	+0.0719%	4h	231.07	long leg	$37K	$226K	10x
Kraken Futures PF_NBISUSD	+0.0771%	1h	230.52	−0.238%	$22K	$16K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0822%	8h	231.19	+0.051%	$5K	$114K	10x	as long as short