Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0198%/8h= −21.7% APRpaid last 24h −0.148%

Price spread now: BloFin against edgeX+0.336%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$550.545% of the position

Long on edgeX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.829%−$83 on $10k

Price spread, last 4 days (all we have)−0.648%−$65 · spread now +0.336%, 7d avg +0.020%

Together, before fees−1.477%+ Points / potential airdropedgeX: Active · farm board−$148 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.316% dearer against edgeX than usual: you sell high and buy low (spread +0.336% now, against its 7-day average of +0.020%): +$32 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NBISUSDC	227.59	0.0199	pay 0.0100% / 4h	3h 21m	$37K	$226K	10x
Short	BloFin NBIS-USDT	228.35	0.0001	get 0.0001% / 8h	7h 21m	$202K	$212K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.336%Rate

Funding earned: −$41.54
Price spread: +0.336% → +0.020%: $31.58
Slippage, 4 orders: −$33.52
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$64.48
Costs to cover: 0.545%
Break-even: never at this rate

Slippage from edgeX: live order book, 10 min ago; BloFin: live order book, 44 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, 10 min ago	6.38 bp	14.7 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 44 min ago	0.87 bp	10.4 bp −$10	19.0 bp −$190	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	−0.0210%	8h	228.78	+0.525%	$2.3M	$4.6M	20x	as long as short
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	226.87	−0.315%	$352K	$801K	10x	as long as short
Aster NBISUSDT	0.0000%	8h	228.17	+0.255%	$73K	$320K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	228.72	+0.497%	$143K	$859K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	228.81	+0.540%	$18.4M	$89.7M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	228.75	+0.511%	$4.8M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	228.78	+0.525%	$3.2M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	228.69	+0.485%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	227.33	−0.114%	$2.8M	$598K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	227.62	+0.015%	$4K	$113K	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	228.86	+0.560%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	227.64	+0.024%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	228.66	+0.472%	$1.5M	$971K	10x	as long as short
BloFin NBIS-USDTshort	+0.0001%	8h	228.35	+0.336%	$202K	$212K	20x
Arcus NBIS-USD	+0.0040%	1h	228.81	+0.538%	$41K	$124K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	228.47	+0.388%	—	$246K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	228.50	+0.402%	$136K	$466K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	228.46	+0.384%	$146K	$532K	10x	as long as short
Nado NBIS-PERP	+0.0062%	1h	228.38	+0.350%	$38K	$116K	3x	as long as short
QFEX NBIS-USD	+0.0064%	1h	228.74	+0.507%	$1.5M	$3.7M	10x	as long as short
SoDEX NBIS-USD	+0.0086%	1h	228.57	+0.432%	$69	$20K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0100%	1h	228.52	+0.410%	$53.3M	$21.5M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	228.35	+0.336%	$470K	$74K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	228.46	+0.384%	$2K	$3K	10x	as long as short
Lighter NBIS	+0.0104%	1h	228.50	+0.402%	$909K	$4.1M	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	228.43	+0.372%	—	—	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0144%	1h	228.47	+0.388%	$34K	$49K	10x	as long as short
edgeX NBISUSDClong	+0.0199%	4h	227.59	long leg	$37K	$226K	10x
Phoenix NBIS	+0.0277%	1h	227.46	−0.055%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0300%	1h	228.25	+0.292%	$9.9M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0683%	1h	228.56	+0.426%	$22K	$16K	20x	as long as short