Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0739%/8h= −80.9% APRpaid last 24h −0.128%

Price spread now: Binance against edgeX+0.018%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$550.545% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.692%−$69 on $10k

Price spread, last 2 days (all we have)−0.024%−$2 · spread now +0.018%, 7d avg −0.027%

Together, before fees−0.715%+ Points / potential airdropedgeX: Active · farm board−$72 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.046% dearer against edgeX than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.027%): +$5 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.692% in total) that is about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NBISUSDC	234.14	0.0894	pay 0.0447% / 4h	1h 51m	$38K	$226K	10x
Short	Binance NBISUSDT	234.18	0.0155	get 0.0155% / 8h	5h 51m	$19.1M	$84.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now +0.018%Rate

Funding earned: −$155.19
Price spread: +0.018% → −0.027%: $4.55
Slippage, 4 orders: −$35.53
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$205.17
Costs to cover: 0.545%
Break-even: never at this rate

Slippage from edgeX: live order book, 11 min ago; Binance: live order book, 6 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 edgeX live order book, 11 min ago	6.20 bp	14.9 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.64 bp	9.5 bp −$10	29.4 bp −$294	86.0 bp −$8,602	doesn't fit

NBIS on 30 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	234.18	+0.018%	$5.0M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.05	−0.037%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.26	+0.052%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.16	+0.010%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.16	+0.008%	$5K	$127K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.08	−0.025%	$904	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.13	−0.003%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.07	−0.029%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.20	+0.027%	$1.6M	$968K	10x	as long as short
Nado NBIS-PERP	+0.0010%	1h	234.12	−0.009%	$67K	$95K	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0023%	1h	234.16	+0.010%	$1.5M	$4.4M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	234.01	−0.054%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.35	+0.091%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.09	−0.020%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.18	+0.018%	$5	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.24	+0.044%	$163K	$499K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0078%	1h	234.10	−0.016%	$54.6M	$19.7M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.15	+0.005%	$482K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.21	+0.031%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.17	+0.013%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	233.53	−0.259%	$382K	$712K	10x	as long as short
Variational Omni NBIS	+0.0132%	8h	234.03	−0.047%	$2.8M	$570K	—	as long as short
Aster NBISUSDT	+0.0145%	8h	234.28	+0.061%	$81K	$307K	50x	as long as short
Kraken Futures PF_NBISUSD	+0.0152%	1h	234.24	+0.045%	$23K	$15K	20x	as long as short
Binance NBISUSDTshort	+0.0155%	8h	234.18	+0.018%	$19.1M	$84.7M	25x
Extended NBIS-USD	+0.0160%	1h	234.13	−0.005%	$147K	$698K	10x	as long as short
Lighter NBIS	+0.0296%	1h	234.26	+0.052%	$904K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	234.17	+0.014%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0455%	1h	234.13	−0.003%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDClong	+0.0894%	4h	234.14	long leg	$38K	$226K	10x