Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0288%/8h= −31.5% APRpaid last 24h −0.143%

Price spread now: Vest against edgeX+0.102%7-day average +0.475% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.488%−$49 on $10k

Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.102%, 7d avg +0.475%

Together, before fees−0.625%+ Points / potential airdropedgeX: Active · Vest: Active · farm board−$62 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Vest is 0.373% cheaper against edgeX than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of +0.475%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NBISUSDC	234.66	0.0334	pay 0.0167% / 4h	1h 29m	$38K	$227K	10x
Short	Vest NBIS-USD-PERP	234.90	0.0046	get 0.0006% / 1h	29m 07s	—	$215K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.102%Rate

Funding earned: −$60.48
Price spread: +0.102% → +0.475%: −$37.27
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Vest: 1 bp × 2 orders: −$2
Net: −$108.76
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 33 min ago; Vest: 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, 33 min ago	6.20 bp	14.9 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
Nado NBIS-PERP	−0.0008%	1h	234.68	+0.006%	$65K	$98K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	234.52	−0.060%	$5.0M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.42	−0.103%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.69	+0.012%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.58	−0.035%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.85	+0.078%	$4K	$127K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.73	+0.029%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.72	+0.025%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.74	+0.034%	$1.6M	$963K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0006%	1h	234.69	+0.012%	$35K	$48K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0023%	1h	234.71	+0.021%	$1.5M	$4.3M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	234.56	−0.043%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERPshort	+0.0046%	1h	234.90	+0.102%	—	$215K	5x
Polymarket Perps NBIS-USD	+0.0050%	1h	234.67	+0.004%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.78	+0.051%	$33	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.70	+0.017%	$164K	$499K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0069%	1h	234.45	−0.090%	$54.9M	$19.7M	10x	as long as short
Variational Omni NBIS	+0.0095%	8h	234.77	+0.045%	$2.9M	$569K	—	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.51	−0.064%	$483K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.79	+0.055%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.78	+0.049%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	233.53	−0.482%	$382K	$712K	10x	as long as short
BloFin NBIS-USDT	+0.0109%	8h	234.77	+0.046%	$206K	$204K	20x	as long as short
Aster NBISUSDT	+0.0124%	8h	234.71	+0.020%	$81K	$307K	50x	as long as short
Binance NBISUSDT	+0.0132%	8h	234.48	−0.078%	$19.1M	$84.5M	25x	as long as short
Extended NBIS-USD	+0.0136%	1h	234.71	+0.020%	$146K	$702K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0152%	1h	234.61	−0.020%	$24K	$15K	20x	as long as short
Lighter NBIS	+0.0256%	1h	234.65	−0.005%	$906K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	234.85	+0.081%	$7K	$150K	10x	as long as short
edgeX NBISUSDClong	+0.0334%	4h	234.66	long leg	$38K	$227K	10x
Entropy io:NBIS	+0.0468%	1h	234.67	+0.004%	$10.2M	$3.3M	10x	as long as short