Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0926%/8h= +101.4% APRpaid last 24h +0.162%

Price spread now: edgeX against Extended+0.025%73s7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs+$27as 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−$600.601% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.870%+$87 on $10k

Price spread, last 4 days (all we have)+0.268%+$27 · spread now +0.025%, 7d avg +0.036%

Together, before fees+1.137%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$114 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: +$28 a day on $10k at the current rate. The two prices were read 73 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	Extended NBIS-USD	227.28	0	get 0.0000% / 1h	26m 06s	$145K	$854K	10x
Short	edgeX NBISUSDC	227.34	0.0926	get 0.0463% / 4h	3h 26m	$37K	$228K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now +0.025%Rate

Funding earned: $194.52
Price spread: +0.025% → +0.036%: −$1.12
Slippage, 4 orders: −$46.09
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $133.31
Costs to cover: 0.601%
Break-even: 2.2 days

Slippage from Extended: live order book, 7 min ago; edgeX: live order book, 6 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 Extended live order book, 7 min ago	1.98 bp	12.2 bp −$12	97.2 bp −$972	doesn't fit	doesn't fit
Sell edgeX live order book, 6 min ago	6.38 bp	20.8 bp −$21	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	−0.0229%	8h	227.32	+0.016%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0025%	8h	227.52	+0.104%	$202K	$212K	20x	as long as short
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	226.87	−0.182%	$352K	$801K	10x	as long as short
Aster NBISUSDT	0.0000%	8h	227.37	+0.037%	$80K	$320K	50x	as long as short
Extended NBIS-USDlong	0.0000%	1h	227.28	long leg	$145K	$854K	10x
Binance NBISUSDT	0.0000%	8h	227.43	+0.065%	$18.2M	$89.5M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	227.49	+0.091%	$4.8M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	227.31	+0.012%	$3.2M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	227.28	−0.002%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	227.51	+0.101%	$2.8M	$596K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NBIS_USDT_Perp	0.0000%	8h	227.49	+0.091%	$4K	$113K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	227.33	+0.020%	$1K	$1.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	227.28	−0.002%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	227.07	−0.094%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	227.30	+0.007%	$1.5M	$971K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	227.40	+0.051%	$41K	$124K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	227.22	−0.028%	—	$246K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	227.36	+0.034%	$135K	$466K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	227.31	+0.012%	$68	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	226.75	−0.235%	$146K	$532K	10x	as long as short
Nado NBIS-PERP	+0.0064%	1h	227.32	+0.014%	$38K	$116K	3x	as long as short
QFEX NBIS-USD	+0.0064%	1h	227.54	+0.113%	$1.5M	$3.7M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0076%	1h	227.30	+0.007%	$53.0M	$21.6M	10x	as long as short
Lighter NBIS	+0.0096%	1h	227.30	+0.007%	$904K	$4.1M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	227.28	−0.002%	$468K	$70K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	227.28	−0.002%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	227.25	−0.015%	—	—	10x	as long as short
Phoenix NBIS	+0.0277%	1h	227.02	−0.116%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0297%	1h	227.26	−0.010%	$9.9M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0687%	1h	227.27	−0.007%	$22K	$16K	20x	as long as short
edgeX NBISUSDCshort	+0.0926%	4h	227.34	+0.025%	$37K	$228K	10x