Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0245%/8h= −26.8% APRpaid last 24h −0.132%

Price spread now: KuCoin against edgeX−0.099%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$235as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1651.650% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.697%−$70 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.099%, 7d avg −0.058%

Together, before fees−0.736%+ Points / potential airdropedgeX: Active · farm board−$74 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.041% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.058%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NBISUSDC	230.91	0.0345	pay 0.0173% / 4h	1h 15m	$37K	$227K	10x
Short	KuCoin NBISUSDTM	230.68	0.0100	get 0.0100% / 8h	1h 15m	$475K	$20K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.099%Rate

Funding earned: −$51.48
Price spread: −0.099% → −0.058%: −$4.06
Slippage, 4 orders: −$143.99
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$220.53
Costs to cover: 1.650%
Break-even: never at this rate

Slippage from edgeX: live order book, 26 min ago; KuCoin: live order book, 28 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, 26 min ago	6.29 bp	18.7 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 28 min ago	23.88 bp	62.1 bp −$62	doesn't fit	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	−0.0574%	8h	230.84	−0.030%	$2.3M	$4.5M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.73	−0.079%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.69	−0.096%	$149K	$635K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.80	−0.047%	$18.5M	$87.3M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.76	−0.064%	$4.9M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.73	−0.077%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.85	−0.025%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.80	−0.047%	$2.8M	$599K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.86	−0.021%	$5K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.90	−0.004%	$967	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	231.03	+0.053%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.84	−0.030%	$1.6M	$964K	10x	as long as short
BloFin NBIS-USDT	+0.0009%	8h	230.99	+0.035%	$203K	$205K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.71	−0.086%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.78	−0.056%	—	$221K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.72	−0.082%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.77	−0.060%	$115	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.92	+0.005%	$151K	$543K	10x	as long as short
Nado NBIS-PERP	+0.0055%	1h	230.67	−0.102%	$37K	$115K	3x	as long as short
QFEX NBIS-USD	+0.0056%	1h	230.83	−0.034%	$1.5M	$3.8M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0074%	1h	230.64	−0.116%	$54.2M	$21.0M	10x	as long as short
KuCoin NBISUSDTMshort	+0.0100%	8h	230.68	−0.099%	$475K	$20K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.82	−0.038%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.77	−0.062%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	230.39	−0.225%	$351K	$812K	10x	as long as short
Lighter NBIS	+0.0184%	1h	230.72	−0.082%	$954K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	230.85	−0.025%	$7K	$150K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0314%	1h	230.75	−0.069%	$34K	$49K	10x	as long as short
edgeX NBISUSDClong	+0.0345%	4h	230.91	long leg	$37K	$227K	10x
Entropy io:NBIS	+0.0351%	1h	230.77	−0.060%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0685%	1h	230.72	−0.082%	$23K	$15K	20x	as long as short