Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h −0.155%

Price spread now: OKX against edgeX+0.055%91s7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as 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−$550.550% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.743%−$74 on $10k

Price spread, last 4 days (all we have)−0.207%−$21 · spread now +0.055%, 7d avg −0.007%

Together, before fees−0.950%+ Points / potential airdropedgeX: Active · farm board−$95 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.062% dearer against edgeX than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of −0.007%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.1 days. At the pace of the last 7 days (−0.743% in total) that is about 14 hours. The two prices were read 91 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	edgeX NBISUSDC	235.20	0.0029	pay 0.0015% / 4h	9m 59s	$38K	$227K	10x
Short	OKX NBIS-USDT-SWAP	235.33	0	get 0.0000% / 8h	4h 09m	$3.4M	$16.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$6.11
Price spread: +0.055% → −0.007%: $6.21
Slippage, 4 orders: −$36
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$54.9
Costs to cover: 0.550%
Break-even: never at this rate

Slippage from edgeX: live order book, 47 min ago; OKX: live order book, 3 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, 47 min ago	6.15 bp	18.0 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.43 bp	12.2 bp −$12	46.7 bp −$467	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
Nado NBIS-PERP	−0.0055%	1h	235.26	+0.027%	$38K	$115K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.40	+0.085%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAPshort	0.0000%	8h	235.33	+0.055%	$3.4M	$16.2M	25x
Gate NBIS_USDT	0.0000%	8h	235.38	+0.076%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.38	+0.076%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	235.40	+0.085%	$2.9M	$561K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.29	+0.038%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.44	+0.102%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.32	+0.051%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.40	+0.085%	$1.6M	$955K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX NBISUSDClong	+0.0029%	4h	235.20	long leg	$38K	$227K	10x
Aster NBISUSDT	+0.0036%	8h	235.33	+0.054%	$79K	$310K	50x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.34	+0.059%	$1.5M	$4.2M	10x	as long as short
Extended NBIS-USD	+0.0040%	1h	235.28	+0.036%	$150K	$701K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.22	+0.008%	$43K	$132K	5x	as long as short
Binance NBISUSDT	+0.0041%	8h	235.40	+0.085%	$19.4M	$84.5M	25x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.61	+0.174%	—	$216K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	235.31	+0.047%	$54.9M	$19.9M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.28	+0.034%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.33	+0.055%	$52	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.24	+0.017%	$161K	$503K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	235.56	+0.153%	$389K	$724K	10x	as long as short
BloFin NBIS-USDT	+0.0058%	8h	235.45	+0.106%	$207K	$205K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.19	−0.004%	$485K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.31	+0.047%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.31	+0.047%	—	—	10x	as long as short
Lighter NBIS	+0.0160%	1h	235.46	+0.110%	$903K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0272%	1h	235.26	+0.025%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0426%	1h	235.25	+0.021%	$10.2M	$3.2M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0477%	1h	235.40	+0.085%	$24K	$15K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0643%	1h	235.42	+0.093%	$35K	$49K	10x	as long as short