Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0929%/8h= −101.7% APRpaid last 24h −0.103%

Price spread now: Bitget against edgeX+0.050%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$680.675% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.571%−$57 on $10k

Price spread, last 3 days (all we have)−0.140%−$14 · spread now +0.050%, 7d avg +0.004%

Together, before fees−0.711%+ Points / potential airdropedgeX: Active · farm board−$71 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.047% dearer against edgeX than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of +0.004%): +$5 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.571% in total) that is about 14 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.571% in total (about -29.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NBISUSDC	234.38	0.0929	pay 0.0464% / 4h	38m 53s	$38K	$234K	10x
Short	Bitget NBISUSDT	234.50	0	get 0.0000% / 8h	38m 53s	$2.5M	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$194.99
Price spread: +0.050% → +0.004%: $4.67
Slippage, 4 orders: −$46.52
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$257.84
Costs to cover: 0.675%
Break-even: never at this rate

Slippage from edgeX: live order book, 38 min ago; Bitget: live order book, 4 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, 38 min ago	5.56 bp	17.6 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.92 bp	17.1 bp −$17	28.3 bp −$283	43.7 bp −$4,369	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	234.52	+0.059%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.55	+0.072%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.50	+0.050%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDTshort	0.0000%	8h	234.50	+0.050%	$2.5M	$4.8M	20x
SunX NBIS-USDT	0.0000%	8h	234.44	+0.025%	$931	$1.8M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.35	−0.014%	$35K	$48K	10x	as long as short
Coinbase International NBIS-PERP-INTX	0.0000%	1h	233.76	−0.265%	$358K	$676K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.46	+0.033%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.50	+0.050%	$1.6M	$967K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.60	+0.093%	—	$234K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps NBIS-USD	+0.0050%	1h	234.49	+0.046%	$147K	$706K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.45	+0.029%	$33	$20K	10x	as long as short
QFEX NBIS-USD	+0.0051%	1h	234.44	+0.025%	$1.5M	$5.1M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.34	−0.018%	$483K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.49	+0.046%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.52	+0.059%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0194%	1h	234.41	+0.013%	$28K	$63K	3x	as long as short
Variational Omni NBIS	+0.0199%	8h	234.38	−0.003%	$2.9M	$821K	—	as long as short
Ondo Perps NBIS-USD.P	+0.0218%	1h	234.33	−0.022%	$174K	$498K	10x	as long as short
Aster NBISUSDT	+0.0221%	8h	234.39	+0.003%	$79K	$306K	50x	as long as short
Extended NBIS-USD	+0.0232%	1h	234.49	+0.045%	$142K	$697K	10x	as long as short
Binance NBISUSDT	+0.0234%	8h	234.53	+0.065%	$19.4M	$86.4M	25x	as long as short
BloFin NBIS-USDT	+0.0236%	8h	234.47	+0.038%	$206K	$214K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0247%	8h	234.42	+0.016%	$5K	$140K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0248%	1h	234.28	−0.043%	$24K	$13K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0264%	1h	234.56	+0.076%	$54.7M	$23.1M	10x	as long as short
Arcus NBIS-USD	+0.0269%	1h	234.46	+0.033%	$44K	$134K	5x	as long as short
Lighter NBIS	+0.0352%	1h	234.62	+0.102%	$934K	$4.6M	10x	as long as short
Phoenix NBIS	+0.0376%	1h	234.52	+0.059%	$7K	$163K	10x	as long as short
Entropy io:NBIS	+0.0506%	1h	234.43	+0.021%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDClong	+0.0929%	4h	234.38	long leg	$38K	$234K	10x