Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0459%/8h= −50.3% APRpaid last 24h −0.148%

Price spread now: Vest against edgeX+0.058%7-day average +0.447% · you sell dearer than you buy

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

Long on edgeX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.510%−$51 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.058%, 7d avg +0.447%

Together, before fees−0.594%+ Points / potential airdropedgeX: Active · Vest: Active · farm board−$59 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Vest is 0.389% cheaper against edgeX than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of +0.447%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NBISUSDC	230.94	0.0505	pay 0.0252% / 4h	3m 24s	$37K	$227K	10x
Short	Vest NBIS-USD-PERP	231.07	0.0046	get 0.0006% / 1h	3m 24s	—	$223K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$96.39
Price spread: +0.058% → +0.447%: −$38.94
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Vest: 1 bp × 2 orders: −$2
Net: −$146.33
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 34 min ago; Vest: 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, 34 min ago	6.05 bp	17.3 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	−0.0362%	8h	231.26	+0.140%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.22	+0.123%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.16	+0.099%	$145K	$876K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.26	+0.139%	$18.8M	$88.0M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.25	+0.136%	$4.9M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.13	+0.084%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.20	+0.114%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.07	+0.060%	$2.8M	$590K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.02	+0.036%	$4K	$115K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.16	+0.097%	$1K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	230.99	+0.023%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	231.04	+0.045%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.22	+0.123%	$1.6M	$971K	10x	as long as short
BloFin NBIS-USDT	+0.0005%	8h	231.07	+0.058%	$204K	$212K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.95	+0.006%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.25	+0.136%	$1.5M	$3.7M	10x	as long as short
Vest NBIS-USD-PERPshort	+0.0046%	1h	231.07	+0.058%	—	$223K	5x
Polymarket Perps NBIS-USD	+0.0050%	1h	231.14	+0.088%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	231.13	+0.084%	$83	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.94	+0.002%	$150K	$542K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.90	−0.016%	$357K	$811K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.95	+0.006%	$476K	$30K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.10	+0.071%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.10	+0.071%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0118%	1h	231.13	+0.084%	$54.1M	$21.2M	10x	as long as short
Nado NBIS-PERP	+0.0172%	1h	231.10	+0.069%	$38K	$116K	3x	as long as short
Lighter NBIS	+0.0256%	1h	231.17	+0.101%	$940K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0312%	1h	231.11	+0.075%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0405%	1h	231.05	+0.049%	$10.1M	$3.1M	10x	as long as short
edgeX NBISUSDClong	+0.0505%	4h	230.94	long leg	$37K	$227K	10x
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.09	+0.068%	$23K	$15K	20x	as long as short