Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 249.27 | +0.0455 | pay 0.0228% / 4h | 2h 23m | $27K | $255K | 10x | Long edgeX | |
| SHORT | 246.03 | +0.0255 | get 0.0255% / 8h | 2h 23m | $994K | $2.5M | — | Short BingX |
Price gap−1.299%100s
Funding gap−0.0200% /8h
Both sides work against this direction now: funding costs $6 a day on $10k and the gap is 1.341% under its 7d average. Swap the legs.
Funding on this pair paid 0.854% over the last 7 days: the rate has only just turned. The two prices were read 100 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$85−0.0200% /8h now · paid +0.854% over the last 7D
Price—spread −1.299%100s now · prices read too far apart to compare
Costs−$540.537% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−1.299%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hNBIS on 33 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size17.8 / 12.3 bpAt $10k entering edgeX costs 17.8 bp, fee and slippage, 1.4× BingX’s.
- Note: Margin at max leverage$1,000 + —edgeX 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$6.01Long edgeX: 6 payments, −$13.66; short BingX: 3 payments, +$7.65.
- Watch: Prices read 100 s apart−1.299% vs +0.042%Part of this gap may be the market moving.
- Watch: Long leg is thinner$27K vs $994K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- Watch: KYCedgeX No · BingX YesAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0406%/8h × 21 periods+$85.36
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$34.69
Fee edgeX bp × 2 orders−$9.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k+$31.67
price spread not counted: prices read too far apartCosts to cover0.537%Break-even4.4 days
Slippage: edgeX: live order book, 42 min ago; BingX: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX6.5417.8 bp−$18doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX0.2012.3 bp−$1230.5 bp−$305146.9 bp−$14.7K651.5 bp−$325.8K
Closing costs about the same again.
| 09-24 16:13 | Entropy | Other | $NBIS max leverage has been increased to 15x. @entropyIO on X ↗ |
| 09-24 15:30 | Vest Markets | Other | Trade $NBIS volatility with a Vest Capital funded account and access up to $25k in trading capital at: @VestExchange on X ↗ |
| 09-24 15:30 | Vest Markets | Other | $NBIS is drawing buyers on its October 1 AI compute price increases, with the stock up around 6% on the session. The increases run 17% to 21% on on-demand $NVDA GPU instances, covering the H100 through B300 lines, the second round in three months. BNP Paribas Exane raised its rating to Outperform today, with a $399 price target, from $260, citing that pricing power. @VestExchange on X ↗ |
| 09-22 19:31 | Vest Markets | Other | Heading into the close, CoreWeave's Remote Key Encryption counts $IBM as a launch partner, with $CRWV up around 1.6%. Rothschild & Co Redburn started $CRWV at Sell with a $54 price target, and $NBIS at Sell with an $84 price target, alongside six AI-focused miners at Neutral. Trade $CRWV volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗ |
| 09-21 16:30 | Vest Markets | Other | AI cloud names are extending last week's rally, with $NBIS up around 4.4% on the session. Rothschild & Co Redburn started coverage at Sell, flagging cyclically inflated AI valuations and credit-market stress for the neocloud group. $NBIS has still added about 118% over the past twelve months, and trades about 22% below its 52-week high. @VestExchange on X ↗ |
| 09-21 13:35 | gTrade (Gains Network) | Listing | new market NBIS/USD ($NBIS) seen by our collector |
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