Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h +0.112%

Price spread now: edgeX against Binance+0.296%100s7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs+$17as 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−$500.503% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.672%+$67 on $10k

Price spread, last 2 days (all we have)−0.283%−$28 · spread now +0.296%, 7d avg +0.028%

Together, before fees+0.389%+ Points / potential airdropedgeX: Active · farm board+$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.269% dearer against Binance than usual: you sell high and buy low (spread +0.296% now, against its 7-day average of +0.028%): +$27 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 35 days. Mind the row above: over the last 7 days funding on this pair paid +0.672%, so the current rate has only just turned against you. The two prices were read 100 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	Binance NBISUSDT	235.59	0.0271	pay 0.0271% / 8h	7h 23m	$19.6M	$85.6M	25x
Short	edgeX NBISUSDC	236.29	0.0246	get 0.0123% / 4h	3h 23m	$38K	$227K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Binance. 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 BinancebpFee edgeXbpOrdersPrice spread, now +0.296%Rate

Funding earned: −$5.38
Price spread: +0.296% → +0.028%: $26.85
Slippage, 4 orders: −$31.3
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$28.83
Costs to cover: 0.503%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; edgeX: live order book, 48 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 Binance live order book, 4 min ago	0.63 bp	8.3 bp −$8	21.3 bp −$213	77.8 bp −$7,785	doesn't fit
Sell edgeX live order book, 48 min ago	5.33 bp	17.0 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
Kraken Futures PF_NBISUSD	−0.0178%	1h	235.56	−0.013%	$24K	$15K	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.56	−0.012%	$3.4M	$16.8M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.49	−0.042%	$2.8M	$5.1M	50x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.91	+0.136%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.64	+0.022%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	236.25	+0.281%	$15K	$112K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.55	−0.016%	$1.6M	$973K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0016%	1h	236.05	+0.196%	$386K	$739K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.65	+0.026%	$1.5M	$4.9M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	236.10	+0.217%	—	$224K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NBISUSDT	+0.0046%	8h	235.63	+0.017%	$5.1M	$6.5M	50x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	236.13	+0.230%	$176K	$505K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.44	−0.063%	$485K	$23K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.72	+0.056%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.69	+0.042%	—	—	10x	as long as short
Bitget NBISUSDT	+0.0108%	8h	235.55	−0.016%	$2.5M	$4.6M	20x	as long as short
SoDEX NBIS-USD	+0.0150%	1h	235.60	+0.005%	$52	$20K	10x	as long as short
Nado NBIS-PERP	+0.0186%	1h	235.69	+0.044%	$31K	$66K	3x	as long as short
Variational Omni NBIS	+0.0240%	8h	236.09	+0.213%	$2.9M	$820K	—	as long as short
edgeX NBISUSDCshort	+0.0246%	4h	236.29	+0.296%	$38K	$227K	10x
Aster NBISUSDT	+0.0250%	8h	235.90	+0.133%	$82K	$308K	50x	as long as short
Binance NBISUSDTlong	+0.0271%	8h	235.59	long leg	$19.6M	$85.6M	25x
Extended NBIS-USD	+0.0272%	1h	235.50	−0.038%	$151K	$824K	10x	as long as short
BloFin NBIS-USDT	+0.0291%	8h	236.20	+0.259%	$207K	$212K	20x	as long as short
Polymarket Perps NBIS-USD	+0.0322%	1h	235.72	+0.056%	$135K	$442K	10x	as long as short
Lighter NBIS	+0.0328%	1h	235.67	+0.034%	$925K	$4.5M	10x	as long as short
Arcus NBIS-USD	+0.0366%	1h	235.89	+0.128%	$44K	$132K	5x	as long as short
Phoenix NBIS	+0.0409%	1h	236.14	+0.234%	$7K	$163K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0412%	1h	235.50	−0.038%	$55.1M	$23.7M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0500%	8h	236.27	+0.289%	$5K	$133K	10x	as long as short
Entropy io:NBIS	+0.0890%	1h	235.92	+0.141%	$10.3M	$3.4M	10x	as long as short