Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.101%

Price spread now: edgeX against Nado+0.345%62s7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$920.921% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.457%+$46 on $10k

Price spread, last 4 days (all we have)−0.266%−$27 · spread now +0.345%, 7d avg +0.010%

Together, before fees+0.192%+ Points / potential airdropNado: Active · edgeX: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.336% dearer against Nado than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of +0.010%. The two prices were read 62 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	Nado NBIS-PERP	231.01	0.0124	pay 0.0016% / 1h	54m 20s	$38K	$115K	3x
Short	edgeX NBISUSDC	231.80	0.0170	get 0.0085% / 4h	1h 54m	$37K	$225K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Nado. 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 NadobpFee edgeXbpOrdersPrice spread, now +0.345%Rate

Funding earned: $9.64
Price spread: +0.345% → +0.010%: $33.57
Slippage, 4 orders: −$76.1
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$48.89
Costs to cover: 0.921%
Break-even: 42.5 days

Slippage from Nado: live order book, 49 min ago; edgeX: live order book, 53 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 Nado live order book, 49 min ago	11.23 bp	29.0 bp −$29	516.7 bp −$5,167	doesn't fit	doesn't fit
Sell edgeX live order book, 53 min ago	5.60 bp	16.4 bp −$16	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	−0.0387%	8h	231.37	+0.157%	$2.3M	$4.5M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.98	−0.012%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.99	−0.008%	$146K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.09	+0.036%	$18.6M	$87.1M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.25	+0.106%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.22	+0.093%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.35	+0.149%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.22	+0.095%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.54	+0.230%	$5K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	232.02	+0.439%	$1K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	231.79	+0.339%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.40	+0.170%	$1.6M	$959K	10x	as long as short
BloFin NBIS-USDT	0.0000%	8h	231.38	+0.162%	$203K	$206K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.39	+0.166%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.20	+0.084%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.04	+0.015%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	231.34	+0.144%	$79	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.98	−0.011%	$151K	$547K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	231.08	+0.032%	$1.5M	$3.9M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.03	+0.010%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.20	+0.084%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.17	+0.071%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	232.18	+0.508%	$352K	$816K	10x	as long as short
Nado NBIS-PERPlong	+0.0124%	1h	231.01	long leg	$38K	$115K	3x
edgeX NBISUSDCshort	+0.0170%	4h	231.80	+0.345%	$37K	$225K	10x
Deribit NBIS_USDC-PERPETUAL	+0.0183%	1h	231.04	+0.015%	$34K	$49K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0203%	1h	231.13	+0.054%	$54.3M	$21.0M	10x	as long as short
Phoenix NBIS	+0.0242%	1h	231.70	+0.300%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0360%	1h	231.17	+0.071%	$939K	$3.9M	10x	as long as short
Entropy io:NBIS	+0.0547%	1h	231.45	+0.192%	$10.0M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0683%	1h	231.23	+0.099%	$23K	$15K	20x	as long as short