Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0808%/8h= +88.5% APRpaid last 24h +0.177%

Price spread now: edgeX against SunX+0.293%74s7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as 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−$1601.599% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.959%+$96 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.293%, 7d avg −0.005%

Together, before fees+0.893%+ Points / potential airdropedgeX: Active · farm board+$89 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and edgeX is 0.297% dearer against SunX than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of −0.005%. The two prices were read 74 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	SunX NBIS-USDT	228.14	0	get 0.0000% / 8h	7h 35m	$1K	$1.6M	10x
Short	edgeX NBISUSDC	228.81	0.0808	get 0.0404% / 4h	3h 35m	$37K	$227K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SunX. 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 SunXbpFee edgeXbpOrdersPrice spread, now +0.293%Rate

Funding earned: $169.69
Price spread: +0.293% → −0.005%: $29.74
Slippage, 4 orders: −$142.89
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $39.54
Costs to cover: 1.599%
Break-even: 5.4 days

Slippage from SunX: live order book, 9 min ago; edgeX: live order book, 61 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 SunX live order book, 9 min ago	22.67 bp	85.2 bp −$85	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 61 min ago	6.05 bp	15.9 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	−0.0275%	8h	227.77	−0.162%	$2.3M	$4.5M	20x	as long as short
BloFin NBIS-USDT	−0.0016%	8h	228.98	+0.368%	$201K	$212K	20x	as long as short
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	227.95	−0.083%	$353K	$801K	10x	as long as short
Aster NBISUSDT	0.0000%	8h	228.00	−0.063%	$80K	$313K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	227.87	−0.120%	$146K	$877K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	227.81	−0.143%	$18.5M	$88.7M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	227.85	−0.127%	$4.8M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	227.70	−0.193%	$3.2M	$15.8M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	227.77	−0.162%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	227.92	−0.098%	$2.8M	$577K	—	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	228.78	+0.279%	$4K	$114K	10x	as long as short
SunX NBIS-USDTlong	0.0000%	8h	228.14	long leg	$1K	$1.6M	10x
HTX NBIS-USDT	0.0000%	8h	228.00	−0.061%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	228.01	−0.057%	$1.5M	$971K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0013%	1h	227.84	−0.131%	$34K	$49K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	227.99	−0.066%	$42K	$124K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	227.82	−0.140%	—	$224K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	227.76	−0.167%	$135K	$466K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	228.02	−0.053%	$68	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	228.53	+0.171%	$148K	$538K	10x	as long as short
Nado NBIS-PERP	+0.0063%	1h	227.81	−0.145%	$38K	$116K	3x	as long as short
QFEX NBIS-USD	+0.0064%	1h	228.00	−0.061%	$1.5M	$3.6M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0078%	1h	227.66	−0.210%	$53.1M	$21.5M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	227.87	−0.118%	$468K	$58K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	228.04	−0.044%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	227.97	−0.075%	—	—	10x	as long as short
Lighter NBIS	+0.0128%	1h	227.84	−0.131%	$912K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0277%	1h	229.09	+0.416%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0306%	1h	228.44	+0.131%	$10.0M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0685%	1h	227.88	−0.115%	$22K	$16K	20x	as long as short
edgeX NBISUSDCshort	+0.0808%	4h	228.81	+0.293%	$37K	$227K	10x