Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0482%/8h= −52.7% APRpaid last 24h −0.103%

Price spread now: Bitget against edgeX+0.191%104s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as 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−$680.676% of the position

Long on edgeX Short on Bitget

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)−0.348%−$35 · spread now +0.191%, 7d avg +0.002%

Together, before fees−0.919%+ Points / potential airdropedgeX: Active · farm board−$92 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.189% dearer against edgeX than usual: you sell high and buy low (spread +0.191% now, against its 7-day average of +0.002%): +$19 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 31 hours. The two prices were read 104 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	232.84	0.0482	pay 0.0241% / 4h	2h 21m	$37K	$233K	10x
Short	Bitget NBISUSDT	233.28	0	get 0.0000% / 8h	2h 21m	$2.5M	$4.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.191%Rate

Funding earned: −$101.14
Price spread: +0.191% → +0.002%: $18.86
Slippage, 4 orders: −$46.64
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$149.91
Costs to cover: 0.676%
Break-even: never at this rate

Slippage from edgeX: live order book, 65 min ago; Bitget: live order book, 1 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, 65 min ago	6.67 bp	18.7 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.78 bp	15.4 bp −$15	25.8 bp −$258	41.6 bp −$4,159	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
BloFin NBIS-USDT	−0.0013%	8h	233.54	+0.303%	$205K	$216K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	233.32	+0.207%	$79K	$304K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	233.34	+0.218%	$141K	$697K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	233.35	+0.221%	$19.5M	$87.0M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	233.27	+0.187%	$5.1M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.19	+0.152%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.28	+0.191%	$2.9M	$5.3M	50x	as long as short
Bitget NBISUSDTshort	0.0000%	8h	233.28	+0.191%	$2.5M	$4.7M	20x
Variational Omni NBIS	0.0000%	8h	232.85	+0.005%	$2.8M	$945K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.86	+0.011%	$5K	$149K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	233.53	+0.298%	$687	$1.8M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.41	+0.247%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.40	+0.243%	$1.6M	$957K	10x	as long as short
QFEX NBIS-USD	+0.0033%	1h	233.50	+0.286%	$1.5M	$5.1M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.36	+0.225%	$44K	$134K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.31	+0.204%	—	$234K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.31	+0.204%	$131K	$588K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.37	+0.230%	$47	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.52	+0.294%	$158K	$514K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0056%	1h	233.32	+0.210%	$24K	$13K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.98	+0.062%	$480K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.24	+0.174%	$2K	$4K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.24	+0.175%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0136%	1h	233.17	+0.144%	$355K	$700K	10x	as long as short
Entropy io:NBIS	+0.0149%	1h	232.98	+0.062%	$10.2M	$3.3M	10x	as long as short
Nado NBIS-PERP	+0.0161%	1h	233.00	+0.070%	$28K	$65K	3x	as long as short
Lighter NBIS	+0.0176%	1h	233.31	+0.204%	$934K	$4.6M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0187%	1h	233.31	+0.204%	$54.4M	$23.5M	10x	as long as short
Phoenix NBIS	+0.0276%	1h	233.03	+0.084%	$7K	$185K	10x	as long as short
edgeX NBISUSDClong	+0.0482%	4h	232.84	long leg	$37K	$233K	10x
Deribit NBIS_USDC-PERPETUAL	+0.1381%	1h	233.42	+0.251%	$35K	$87K	10x	as long as short