Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0719%/8h= −78.8% APRpaid last 24h −0.148%

Price spread now: Deribit against edgeX−0.282%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Deribit is 0.282% cheaper against edgeX than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NBISUSDC	231.07	0.0719	pay 0.0360% / 4h	2h 54m	$37K	$226K	10x
Short	Deribit NBIS_USDC-PERPETUAL	230.42	0	get 0.0000% / 1h	54m 20s	$34K	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.282%Rate

Funding earned: −$151.06
Price spread: −0.282% → 0.000%: −$28.19
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$195.25
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 38 min ago; Deribit: no order-book sample. Net counts fees only.

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	6.38 bp	14.7 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0041%	8h	230.29	−0.338%	$2.3M	$4.7M	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.35	−0.312%	$3.2M	$16.4M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.41	−0.286%	$2.7M	$5.0M	50x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.17	+0.043%	$1K	$1.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUALshort	0.0000%	1h	230.42	−0.282%	$34K	$50K	10x
Phemex NBISUSDT	0.0000%	8h	230.45	−0.269%	$1.6M	$971K	10x	as long as short
Variational Omni NBIS	+0.0011%	8h	231.16	+0.038%	$2.8M	$639K	—	as long as short
Aster NBISUSDT	+0.0028%	8h	230.63	−0.189%	$74K	$320K	50x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.51	−0.243%	—	$246K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.32	−0.325%	$137K	$467K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.99	−0.035%	$149K	$538K	10x	as long as short
QFEX NBIS-USD	+0.0054%	1h	230.40	−0.291%	$1.5M	$3.7M	10x	as long as short
BloFin NBIS-USDT	+0.0058%	8h	230.56	−0.221%	$201K	$215K	20x	as long as short
Extended NBIS-USD	+0.0064%	1h	230.38	−0.299%	$145K	$856K	10x	as long as short
Binance NBISUSDT	+0.0064%	8h	230.44	−0.273%	$18.7M	$90.8M	25x	as long as short
Nado NBIS-PERP	+0.0069%	1h	230.36	−0.308%	$38K	$116K	3x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0088%	1h	230.78	−0.126%	$382K	$869K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.47	−0.260%	$467K	$107K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.62	−0.195%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.08	+0.005%	—	—	10x	as long as short
Bybit NBISUSDT	+0.0146%	8h	230.42	−0.282%	$4.9M	$6.8M	50x	as long as short
HTX NBIS-USDT	+0.0157%	8h	230.95	−0.053%	$13K	$62K	20x	as long as short
SoDEX NBIS-USD	+0.0209%	1h	230.54	−0.230%	$74	$20K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0242%	1h	230.37	−0.304%	$54.1M	$21.8M	10x	as long as short
Arcus NBIS-USD	+0.0257%	1h	230.38	−0.299%	$42K	$124K	5x	as long as short
Phoenix NBIS	+0.0277%	1h	230.93	−0.061%	$7K	$127K	10x	as long as short
Lighter NBIS	+0.0296%	1h	230.48	−0.256%	$925K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0681%	1h	230.57	−0.217%	$10.1M	$3.2M	10x	as long as short
edgeX NBISUSDClong	+0.0719%	4h	231.07	long leg	$37K	$226K	10x
Kraken Futures PF_NBISUSD	+0.0771%	1h	230.52	−0.238%	$22K	$16K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0822%	8h	231.19	+0.051%	$5K	$114K	10x	as long as short