Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0525%/8h= −57.5% APRpaid last 24h −0.062%

Price spread now: tradeXYZ against edgeX+0.042%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$580.576% of the position

Long on edgeX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.488%−$49 on $10k

Price spread, last 4 days (all we have)−0.596%−$60 · spread now +0.042%, 7d avg +0.005%

Together, before fees−1.084%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board−$108 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.037% dearer against edgeX than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of +0.005%): +$4 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.488% in total) that is about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NBISUSDC	233.36	0.0636	pay 0.0318% / 4h	2h 35m	$37K	$226K	10x
Short	tradeXYZ xyz:NBIS	233.46	0.0111	get 0.0014% / 1h	35m 29s	$54.7M	$20.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$110.24
Price spread: +0.042% → +0.005%: $3.7
Slippage, 4 orders: −$30.56
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$164.1
Costs to cover: 0.576%
Break-even: never at this rate

Slippage from edgeX: live order book, 32 min ago; tradeXYZ: live order book, 3 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, 32 min ago	5.52 bp	15.3 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	1.50 bp	13.7 bp −$14	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
Bybit NBISUSDT	0.0000%	8h	233.53	+0.072%	$5.1M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.43	+0.029%	$3.4M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.57	+0.089%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.53	+0.072%	$2.4M	$4.5M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.56	+0.085%	$997	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.40	+0.016%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.63	+0.115%	$1.6M	$972K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0016%	8h	233.46	+0.044%	$5K	$129K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	233.49	+0.055%	$1.5M	$4.6M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.35	−0.005%	$42K	$132K	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	233.55	+0.080%	—	$226K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.44	+0.033%	$148K	$456K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.42	+0.025%	$84	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.49	+0.055%	$163K	$499K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0093%	1h	233.55	+0.080%	$35K	$48K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	233.42	+0.023%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.37	+0.003%	$481K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.44	+0.033%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.43	+0.028%	—	—	10x	as long as short
tradeXYZ xyz:NBISshort	+0.0111%	1h	233.46	+0.042%	$54.7M	$20.0M	10x
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+1.152%	$386K	$721K	10x	as long as short
Nado NBIS-PERP	+0.0139%	1h	233.26	−0.042%	$67K	$94K	3x	as long as short
Variational Omni NBIS	+0.0207%	8h	233.54	+0.076%	$2.8M	$571K	—	as long as short
Aster NBISUSDT	+0.0211%	8h	233.59	+0.100%	$81K	$314K	50x	as long as short
Binance NBISUSDT	+0.0231%	8h	233.51	+0.064%	$19.2M	$85.0M	25x	as long as short
Extended NBIS-USD	+0.0232%	1h	233.43	+0.030%	$150K	$701K	10x	as long as short
BloFin NBIS-USDT	+0.0234%	8h	234.04	+0.290%	$207K	$209K	20x	as long as short
Lighter NBIS	+0.0280%	1h	233.43	+0.029%	$901K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	233.42	+0.025%	$7K	$152K	10x	as long as short
Entropy io:NBIS	+0.0361%	1h	233.46	+0.042%	$10.1M	$3.3M	10x	as long as short
edgeX NBISUSDClong	+0.0636%	4h	233.36	long leg	$37K	$226K	10x