Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0661%/8h= −72.4% APRpaid last 24h −0.104%

Price spread now: Gate against edgeX+0.010%52s7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$143as 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−$680.684% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.745%−$75 on $10k

Price spread, last 4 days (all we have)−0.199%−$20 · spread now +0.010%, 7d avg +0.025%

Together, before fees−0.944%+ Points / potential airdropedgeX: Active · farm board−$94 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: −$20 a day on $10k at the current rate. The two prices were read 52 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	234.35	0.0661	pay 0.0331% / 4h	3h 52m	$38K	$226K	10x
Short	Gate NBIS_USDT	234.37	0	get 0.0000% / 8h	3h 52m	$2.8M	$5.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.010%Rate

Funding earned: −$138.82
Price spread: +0.010% → +0.025%: −$1.58
Slippage, 4 orders: −$44.38
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$208.78
Costs to cover: 0.684%
Break-even: never at this rate

Slippage from edgeX: live order book, 65 min ago; Gate: 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	6.15 bp	18.0 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	1.28 bp	18.8 bp −$19	151.4 bp −$1,514	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
Bybit NBISUSDT	0.0000%	8h	234.45	+0.044%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.25	−0.042%	$3.4M	$16.1M	25x	as long as short
Gate NBIS_USDTshort	0.0000%	8h	234.37	+0.010%	$2.8M	$5.0M	50x
Bitget NBISUSDT	0.0000%	8h	234.38	+0.014%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	234.51	+0.069%	$2.9M	$559K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.70	+0.152%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.39	+0.018%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.46	+0.048%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.39	+0.018%	$1.6M	$954K	10x	as long as short
Aster NBISUSDT	+0.0009%	8h	234.72	+0.158%	$79K	$310K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NBISUSDT	+0.0013%	8h	234.32	−0.011%	$19.3M	$84.5M	25x	as long as short
Extended NBIS-USD	+0.0016%	1h	234.31	−0.018%	$150K	$701K	10x	as long as short
BloFin NBIS-USDT	+0.0024%	8h	234.44	+0.039%	$207K	$206K	20x	as long as short
QFEX NBIS-USD	+0.0034%	1h	234.36	+0.005%	$1.5M	$4.1M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	234.33	−0.008%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.45	+0.044%	—	$216K	5x	as long as short
Kraken Futures PF_NBISUSD	+0.0048%	1h	234.31	−0.017%	$23K	$15K	20x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.28	−0.029%	$147K	$456K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.37	+0.010%	$80	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.27	−0.033%	$161K	$500K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0091%	1h	234.24	−0.046%	$54.7M	$19.9M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.27	−0.033%	$483K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.37	+0.010%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.37	+0.011%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	235.56	+0.517%	$389K	$724K	10x	as long as short
Nado NBIS-PERP	+0.0111%	1h	234.20	−0.061%	$38K	$115K	3x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0177%	1h	234.29	−0.025%	$35K	$49K	10x	as long as short
Phoenix NBIS	+0.0239%	1h	234.35	+0.001%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0264%	1h	234.44	+0.039%	$906K	$3.9M	10x	as long as short
Entropy io:NBIS	+0.0339%	1h	234.46	+0.048%	$10.2M	$3.2M	10x	as long as short
edgeX NBISUSDClong	+0.0661%	4h	234.35	long leg	$38K	$226K	10x