Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0586%/8h= −64.1% APRpaid last 24h −0.125%

Price spread now: Polymarket Perps against edgeX+0.042%56s7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as 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−$440.438% of the position

Long on edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.730%−$73 on $10k

Price spread, last 4 days (all we have)−0.149%−$15 · spread now +0.042%, 7d avg −0.004%

Together, before fees−0.879%+ Points / potential airdropedgeX: Active · farm board−$88 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.045% dearer against edgeX than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.004%): +$5 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 6 hours. The two prices were read 56 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	233.36	0.0636	pay 0.0318% / 4h	2h 35m	$37K	$226K	10x
Short	Polymarket Perps NBIS-USD	233.46	0.0050	get 0.0006% / 1h	35m 35s	$148K	$456K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$123.01
Price spread: +0.042% → −0.004%: $4.55
Slippage, 4 orders: −$26.82
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$162.29
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from edgeX: live order book, 31 min ago; Polymarket Perps: live order book, 32 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, 31 min ago	5.52 bp	15.3 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 32 min ago	1.91 bp	5.9 bp −$6	6.3 bp −$63	25.4 bp −$2,544	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	233.51	+0.063%	$5.1M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.43	+0.029%	$3.4M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.56	+0.085%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.51	+0.063%	$2.4M	$4.5M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.56	+0.085%	$997	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.40	+0.016%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.63	+0.115%	$1.6M	$972K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0016%	8h	233.46	+0.044%	$5K	$129K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	233.49	+0.055%	$1.5M	$4.6M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.35	−0.005%	$42K	$132K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0046%	1h	233.54	+0.076%	—	$226K	5x	as long as short
Polymarket Perps NBIS-USDshort	+0.0050%	1h	233.46	+0.042%	$148K	$456K	10x
SoDEX NBIS-USD	+0.0050%	1h	233.42	+0.025%	$84	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.49	+0.055%	$163K	$499K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0093%	1h	233.55	+0.080%	$35K	$48K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	233.42	+0.023%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.36	−0.001%	$481K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.49	+0.055%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.52	+0.066%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0110%	1h	233.37	+0.003%	$54.7M	$20.0M	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+1.152%	$386K	$721K	10x	as long as short
Nado NBIS-PERP	+0.0139%	1h	233.26	−0.042%	$67K	$94K	3x	as long as short
Variational Omni NBIS	+0.0207%	8h	233.54	+0.076%	$2.8M	$571K	—	as long as short
Aster NBISUSDT	+0.0211%	8h	233.59	+0.096%	$81K	$314K	50x	as long as short
Binance NBISUSDT	+0.0231%	8h	233.51	+0.064%	$19.2M	$85.0M	25x	as long as short
Extended NBIS-USD	+0.0232%	1h	233.43	+0.030%	$150K	$701K	10x	as long as short
BloFin NBIS-USDT	+0.0234%	8h	234.04	+0.290%	$207K	$209K	20x	as long as short
Lighter NBIS	+0.0280%	1h	233.43	+0.029%	$901K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	233.42	+0.025%	$7K	$152K	10x	as long as short
Entropy io:NBIS	+0.0361%	1h	233.46	+0.042%	$10.1M	$3.3M	10x	as long as short
edgeX NBISUSDClong	+0.0636%	4h	233.36	long leg	$37K	$226K	10x