Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0362%/8h= −39.6% APRpaid last 24h −0.125%

Price spread now: Deribit against edgeX−0.137%75s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Deribit

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Deribit is 0.137% cheaper against edgeX than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 75 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	234.09	0.0362	pay 0.0181% / 4h	2h 45m	$38K	$227K	10x
Short	Deribit NBIS_USDC-PERPETUAL	233.77	0	get 0.0000% / 1h	45m 58s	$35K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.137%Rate

Funding earned: −$76.04
Price spread: −0.137% → 0.000%: −$13.68
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$105.72
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 21 min ago; Deribit: no order-book sample. Net counts fees only.

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, 21 min ago	5.52 bp	15.3 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NBISUSDT	0.0000%	8h	233.74	−0.150%	$5.1M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.69	−0.171%	$3.4M	$16.6M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.83	−0.111%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.74	−0.150%	$2.4M	$4.6M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.81	−0.120%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUALshort	0.0000%	1h	233.77	−0.137%	$35K	$48K	10x
HTX NBIS-USDT	0.0000%	8h	234.72	+0.269%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.79	−0.128%	$1.6M	$972K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	233.80	−0.124%	$1.5M	$4.8M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	234.02	−0.030%	$42K	$135K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0046%	1h	233.94	−0.064%	—	$226K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.77	−0.137%	$144K	$466K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.77	−0.137%	$103	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.94	−0.064%	$163K	$517K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	233.79	−0.126%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.76	−0.141%	$482K	$22K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.81	−0.120%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.73	−0.154%	—	—	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0107%	8h	234.14	+0.023%	$5K	$130K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+0.837%	$386K	$736K	10x	as long as short
Nado NBIS-PERP	+0.0116%	1h	233.76	−0.140%	$52K	$81K	3x	as long as short
tradeXYZ xyz:NBIS	+0.0162%	1h	233.68	−0.175%	$54.9M	$22.8M	10x	as long as short
Aster NBISUSDT	+0.0231%	8h	233.98	−0.048%	$81K	$314K	50x	as long as short
Variational Omni NBIS	+0.0232%	8h	233.84	−0.107%	$2.9M	$560K	—	as long as short
BloFin NBIS-USDT	+0.0234%	8h	234.04	−0.021%	$207K	$209K	20x	as long as short
Binance NBISUSDT	+0.0252%	8h	233.78	−0.131%	$19.2M	$85.7M	25x	as long as short
Extended NBIS-USD	+0.0256%	1h	233.72	−0.160%	$150K	$705K	10x	as long as short
Lighter NBIS	+0.0296%	1h	233.87	−0.094%	$904K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	234.04	−0.021%	$7K	$152K	10x	as long as short
Entropy io:NBIS	+0.0352%	1h	234.11	+0.008%	$10.2M	$3.4M	10x	as long as short
edgeX NBISUSDClong	+0.0362%	4h	234.09	long leg	$38K	$227K	10x