Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0829%/8h= +90.7% APRpaid last 24h +0.120%

Price spread now: edgeX against KuCoin+0.018%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$165as in the Price arb table

costs, in and out, $10k−$1611.614% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.583%+$58 on $10k

Price spread, last 3 days (all we have)+0.139%+$14 · spread now +0.018%, 7d avg +0.056%

Together, before fees+0.722%+ Points / potential airdropedgeX: Active · farm board+$72 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.038% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.018% now, against its 7-day average of +0.056%). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.583% in total) that is about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NBISUSDTM	234.34	0.0100	pay 0.0100% / 8h	38m 58s	$483K	$25K	20x
Short	edgeX NBISUSDC	234.38	0.0929	get 0.0464% / 4h	38m 58s	$38K	$234K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against KuCoin. 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 KuCoinbpFee edgeXbpOrdersPrice spread, now +0.018%Rate

Funding earned: $173.99
Price spread: +0.018% → +0.056%: −$3.78
Slippage, 4 orders: −$140.44
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $8.77
Costs to cover: 1.614%
Break-even: 6.6 days

Slippage from KuCoin: live order book, 24 min ago; edgeX: live order book, 38 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 KuCoin live order book, 24 min ago	19.25 bp	65.9 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 38 min ago	5.56 bp	17.3 bp −$17	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	234.52	+0.077%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.55	+0.090%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.50	+0.068%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.50	+0.068%	$2.5M	$4.8M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.44	+0.043%	$931	$1.8M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.35	+0.004%	$35K	$48K	10x	as long as short
Coinbase International NBIS-PERP-INTX	0.0000%	1h	233.76	−0.248%	$358K	$676K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.46	+0.051%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.50	+0.068%	$1.6M	$967K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.60	+0.111%	—	$234K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps NBIS-USD	+0.0050%	1h	234.49	+0.064%	$147K	$706K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.45	+0.047%	$33	$20K	10x	as long as short
QFEX NBIS-USD	+0.0051%	1h	234.44	+0.043%	$1.5M	$5.1M	10x	as long as short
KuCoin NBISUSDTMlong	+0.0100%	8h	234.34	long leg	$483K	$25K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.49	+0.064%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.52	+0.077%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0194%	1h	234.41	+0.030%	$28K	$63K	3x	as long as short
Variational Omni NBIS	+0.0199%	8h	234.38	+0.015%	$2.9M	$821K	—	as long as short
Ondo Perps NBIS-USD.P	+0.0218%	1h	234.33	−0.004%	$174K	$498K	10x	as long as short
Aster NBISUSDT	+0.0221%	8h	234.39	+0.021%	$79K	$306K	50x	as long as short
Extended NBIS-USD	+0.0232%	1h	234.49	+0.063%	$142K	$697K	10x	as long as short
Binance NBISUSDT	+0.0234%	8h	234.53	+0.083%	$19.4M	$86.4M	25x	as long as short
BloFin NBIS-USDT	+0.0236%	8h	234.47	+0.055%	$206K	$214K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0247%	8h	234.42	+0.034%	$5K	$140K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0248%	1h	234.28	−0.025%	$24K	$13K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0264%	1h	234.56	+0.094%	$54.7M	$23.1M	10x	as long as short
Arcus NBIS-USD	+0.0269%	1h	234.46	+0.051%	$44K	$134K	5x	as long as short
Lighter NBIS	+0.0352%	1h	234.62	+0.119%	$934K	$4.6M	10x	as long as short
Phoenix NBIS	+0.0376%	1h	234.52	+0.077%	$7K	$163K	10x	as long as short
Entropy io:NBIS	+0.0506%	1h	234.43	+0.038%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDCshort	+0.0929%	4h	234.38	+0.018%	$38K	$234K	10x