Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0823%/8h= +90.1% APRpaid last 24h +0.146%

Price spread now: edgeX against SoDEX−0.046%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.046% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 4 hours of funding at the current rate (+$25 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX NBIS-USD	230.88	0.0050	pay 0.0006% / 1h	17m 21s	$111	$20K	10x
Short	edgeX NBISUSDC	230.77	0.0873	get 0.0436% / 4h	1h 17m	$37K	$227K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SoDEX. 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 SoDEXbpFee edgeXbpOrdersPrice spread, now −0.046%Rate

Funding earned: $172.77
Price spread: −0.046% → 0.000%: −$4.58
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $151.19
Costs to cover: 0.170%
Break-even: 0.9 days

Slippage unknown: SoDEX: no order-book sample; edgeX: live order book, 25 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell edgeX live order book, 25 min ago	6.29 bp	16.6 bp −$17	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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
Bitget NBISUSDT	−0.0577%	8h	230.94	+0.026%	$2.3M	$4.5M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.88	0.000%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.82	−0.028%	$149K	$635K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.93	+0.022%	$18.5M	$87.3M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.96	+0.035%	$4.9M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.76	−0.052%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.95	+0.030%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.92	+0.017%	$2.8M	$601K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.86	−0.009%	$5K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.98	+0.043%	$968	$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	230.93	+0.022%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.97	+0.039%	$1.6M	$964K	10x	as long as short
BloFin NBIS-USDT	+0.0008%	8h	230.84	−0.017%	$203K	$205K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0010%	1h	230.85	−0.013%	$34K	$49K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.76	−0.052%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.86	−0.009%	—	$221K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.84	−0.017%	$137K	$473K	10x	as long as short
SoDEX NBIS-USDlong	+0.0050%	1h	230.88	long leg	$111	$20K	10x
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.92	+0.017%	$151K	$548K	10x	as long as short
Nado NBIS-PERP	+0.0054%	1h	230.83	−0.023%	$38K	$115K	3x	as long as short
QFEX NBIS-USD	+0.0056%	1h	231.00	+0.052%	$1.5M	$3.8M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0076%	1h	230.79	−0.039%	$54.3M	$21.0M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.90	+0.009%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.98	+0.043%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.85	−0.011%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	230.39	−0.212%	$351K	$812K	10x	as long as short
Lighter NBIS	+0.0192%	1h	230.94	+0.026%	$954K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	230.85	−0.013%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0361%	1h	230.87	−0.004%	$10.0M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0684%	1h	230.88	+0.002%	$23K	$15K	20x	as long as short
edgeX NBISUSDCshort	+0.0873%	4h	230.77	−0.046%	$37K	$227K	10x