Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0498%/8h= +54.5% APRpaid last 24h −0.094%

Price spread now: Kraken Futures against edgeX−0.082%7-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 Kraken Futures

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

Funding pays, the price is against you. Kraken Futures is 0.082% cheaper against edgeX than usual: you would sell low and buy high (spread −0.082% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 13 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NBISUSDC	230.88	0.0187	pay 0.0094% / 4h	1h 27m	$37K	$226K	10x
Short	Kraken Futures PF_NBISUSD	230.69	0.0685	get 0.0086% / 1h	27m 20s	$23K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.082%Rate

Funding earned: $104.56
Price spread: −0.082% → 0.000%: −$8.18
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $77.38
Costs to cover: 0.190%
Break-even: 1.8 days

Slippage unknown: edgeX: live order book, 15 min ago; Kraken Futures: 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, 15 min ago	6.29 bp	18.7 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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
Bitget NBISUSDT	−0.0590%	8h	230.74	−0.058%	$2.3M	$4.5M	20x	as long as short
BloFin NBIS-USDT	−0.0015%	8h	231.00	+0.054%	$204K	$205K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.68	−0.083%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.65	−0.100%	$149K	$635K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.70	−0.076%	$18.5M	$87.3M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.83	−0.020%	$4.9M	$6.6M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.66	−0.093%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.78	−0.041%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.57	−0.132%	$2.8M	$601K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.56	−0.136%	$5K	$116K	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	230.74	−0.058%	$1K	$1.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	230.66	−0.093%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.74	−0.058%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.90	+0.011%	$1.6M	$963K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.59	−0.123%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.69	−0.080%	—	$221K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.68	−0.084%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.65	−0.097%	$111	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.84	−0.015%	$152K	$549K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	230.74	−0.058%	$1.5M	$3.8M	10x	as long as short
Nado NBIS-PERP	+0.0081%	1h	230.71	−0.073%	$37K	$115K	3x	as long as short
tradeXYZ xyz:NBIS	+0.0097%	1h	230.67	−0.089%	$54.2M	$21.0M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.71	−0.071%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.68	−0.084%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.65	−0.097%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	230.39	−0.210%	$351K	$812K	10x	as long as short
edgeX NBISUSDClong	+0.0187%	4h	230.88	long leg	$37K	$226K	10x
Lighter NBIS	+0.0240%	1h	230.75	−0.054%	$955K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	230.90	+0.011%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0361%	1h	230.68	−0.084%	$10.0M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSDshort	+0.0685%	1h	230.69	−0.082%	$23K	$15K	20x