Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0512%/8h= −56.1% APRpaid last 24h −0.105%

Price spread now: OKX against edgeX+0.022%111s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as 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−$510.515% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.687%−$69 on $10k

Price spread, last 3 days (all we have)−0.116%−$12 · spread now +0.022%, 7d avg −0.006%

Together, before fees−0.803%+ Points / potential airdropedgeX: Active · farm board−$80 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.027% dearer against edgeX than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.006%): +$3 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 4 hours. The two prices were read 111 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	233.81	0.0512	pay 0.0256% / 4h	1h 03m	$37K	$234K	10x
Short	OKX NBIS-USDT-SWAP	233.86	0	get 0.0000% / 8h	1h 03m	$3.4M	$17.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$107.55
Price spread: +0.022% → −0.006%: $2.72
Slippage, 4 orders: −$32.45
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$156.29
Costs to cover: 0.515%
Break-even: never at this rate

Slippage from edgeX: live order book, 13 min ago; OKX: live order book, 5 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, 13 min ago	5.56 bp	17.6 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.21 bp	7.7 bp −$8	19.2 bp −$192	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	233.97	+0.069%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAPshort	0.0000%	8h	233.86	+0.022%	$3.4M	$17.0M	25x
Gate NBIS_USDT	0.0000%	8h	233.90	+0.039%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.94	+0.056%	$2.5M	$4.7M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.95	+0.060%	$1K	$1.8M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.89	+0.034%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.98	+0.073%	$1.6M	$971K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	233.86	+0.022%	$1.5M	$5.1M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.90	+0.039%	$44K	$134K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.97	+0.069%	—	$234K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit NBIS_USDC-PERPETUAL	+0.0049%	1h	233.82	+0.004%	$35K	$47K	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.90	+0.039%	$132K	$683K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.94	+0.056%	$9	$20K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0072%	1h	233.76	−0.021%	$358K	$701K	10x	as long as short
Variational Omni NBIS	+0.0092%	8h	233.80	−0.003%	$2.9M	$825K	—	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.69	−0.051%	$482K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.93	+0.051%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.91	+0.045%	—	—	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0132%	1h	233.80	−0.004%	$173K	$498K	10x	as long as short
Aster NBISUSDT	+0.0135%	8h	233.83	+0.008%	$79K	$304K	50x	as long as short
Extended NBIS-USD	+0.0144%	1h	233.94	+0.058%	$142K	$697K	10x	as long as short
Binance NBISUSDT	+0.0148%	8h	233.99	+0.076%	$19.4M	$86.8M	25x	as long as short
GRVT NBIS_USDT_Perp	+0.0155%	8h	233.87	+0.025%	$5K	$142K	10x	as long as short
BloFin NBIS-USDT	+0.0163%	8h	233.91	+0.043%	$206K	$214K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0219%	1h	233.90	+0.039%	$54.5M	$23.4M	10x	as long as short
Lighter NBIS	+0.0256%	1h	234.00	+0.081%	$930K	$4.6M	10x	as long as short
Nado NBIS-PERP	+0.0266%	1h	233.78	−0.015%	$28K	$63K	3x	as long as short
Entropy io:NBIS	+0.0337%	1h	233.89	+0.034%	$10.2M	$3.3M	10x	as long as short
Phoenix NBIS	+0.0343%	1h	234.04	+0.099%	$7K	$185K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0346%	1h	233.81	0.000%	$24K	$13K	20x	as long as short
edgeX NBISUSDClong	+0.0512%	4h	233.81	long leg	$37K	$234K	10x