Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0402%/8h= +44.0% APRpaid last 24h +0.112%

Price spread now: edgeX against BloFin−0.290%701s7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs+$19as 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−$490.486% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.678%+$68 on $10k

Price spread, last 3 days (all we have)+0.336%+$34 · spread now −0.290%, 7d avg −0.022%

Together, before fees+1.014%+ Points / potential airdropedgeX: Active · farm board+$101 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.268% cheaper against BloFin than usual: you would sell low and buy high (spread −0.290% now, against its 7-day average of −0.022%). If the spread goes back, that is −$27 on $10k: about 2.2 days of funding at the current rate (+$12 a day). The two prices were read 701 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	BloFin NBIS-USDT	234.04	0.0234	pay 0.0234% / 8h	6h 37m	$207K	$209K	20x
Short	edgeX NBISUSDC	233.36	0.0636	get 0.0318% / 4h	2h 37m	$37K	$226K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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 BloFinbpFee edgeXbpOrdersPrice spread, now −0.290%Rate

Funding earned: $84.33
Price spread: −0.290% → −0.022%: −$26.77
Slippage, 4 orders: −$27.55
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $9.01
Costs to cover: 0.486%
Break-even: 6.3 days

Slippage from BloFin: live order book, 23 min ago; edgeX: live order book, 30 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 BloFin live order book, 23 min ago	0.64 bp	9.0 bp −$9	22.5 bp −$225	doesn't fit	doesn't fit
Sell edgeX live order book, 30 min ago	5.52 bp	16.5 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
Bybit NBISUSDT	0.0000%	8h	233.47	−0.244%	$5.1M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.43	−0.261%	$3.4M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.50	−0.231%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.65	−0.167%	$2.4M	$4.5M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.36	−0.291%	$996	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	233.29	−0.320%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.78	−0.111%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.41	−0.269%	$1.6M	$971K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0016%	8h	233.46	−0.246%	$5K	$129K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	233.39	−0.278%	$1.5M	$4.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USD	+0.0040%	1h	233.34	−0.299%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.43	−0.261%	—	$226K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.38	−0.282%	$148K	$468K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.36	−0.291%	$93	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.42	−0.265%	$163K	$499K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	233.33	−0.305%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.40	−0.273%	$481K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.42	−0.265%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.35	−0.297%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0109%	1h	233.41	−0.269%	$54.7M	$20.0M	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+0.859%	$386K	$721K	10x	as long as short
Nado NBIS-PERP	+0.0140%	1h	233.34	−0.299%	$67K	$94K	3x	as long as short
Aster NBISUSDT	+0.0216%	8h	233.60	−0.189%	$81K	$314K	50x	as long as short
Variational Omni NBIS	+0.0223%	8h	233.46	−0.248%	$2.8M	$570K	—	as long as short
BloFin NBIS-USDTlong	+0.0234%	8h	234.04	long leg	$207K	$209K	20x
Binance NBISUSDT	+0.0235%	8h	233.40	−0.273%	$19.2M	$85.1M	25x	as long as short
Extended NBIS-USD	+0.0240%	1h	233.38	−0.282%	$150K	$705K	10x	as long as short
Lighter NBIS	+0.0280%	1h	233.45	−0.252%	$901K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	233.42	−0.265%	$7K	$152K	10x	as long as short
Entropy io:NBIS	+0.0352%	1h	233.50	−0.231%	$10.1M	$3.3M	10x	as long as short
edgeX NBISUSDCshort	+0.0636%	4h	233.36	−0.290%	$37K	$226K	10x