Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0872%/8h= +95.5% APRpaid last 24h +0.127%

Price spread now: edgeX against KuCoin+0.025%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$232as in the Price arb table

costs, in and out, $10k−$2292.292% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.639%+$64 on $10k

Price spread, last 4 days (all we have)+0.297%+$30 · spread now +0.025%, 7d avg +0.057%

Together, before fees+0.936%+ Points / potential airdropedgeX: Active · farm board+$94 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.032% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.025% now, against its 7-day average of +0.057%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$26 a day). At the pace of the last 7 days (+0.639% in total) that is about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NBISUSDTM	234.31	0.0100	pay 0.0100% / 8h	5h 22m	$483K	$21K	20x
Short	edgeX NBISUSDC	234.37	0.0972	get 0.0486% / 4h	1h 22m	$38K	$226K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against KuCoin. 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 KuCoinbpFee edgeXbpOrdersPrice spread, now +0.025%Rate

Funding earned: $183.18
Price spread: +0.025% → +0.057%: −$3.24
Slippage, 4 orders: −$208.2
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$49.27
Costs to cover: 2.292%
Break-even: 8.9 days

Slippage from KuCoin: live order book, 75 min ago; edgeX: live order book, 39 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 KuCoin live order book, 75 min ago	31.51 bp	86.3 bp −$86	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 39 min ago	6.20 bp	21.5 bp −$22	doesn't fit	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
Bybit NBISUSDT	0.0000%	8h	234.60	+0.124%	$5.0M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.61	+0.128%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.60	+0.124%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.58	+0.115%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.49	+0.075%	$4K	$127K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.53	+0.094%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.54	+0.098%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.61	+0.128%	$1.6M	$962K	10x	as long as short
Nado NBIS-PERP	+0.0003%	1h	234.36	+0.021%	$65K	$98K	3x	as long as short
QFEX NBIS-USD	+0.0023%	1h	234.57	+0.111%	$1.5M	$4.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USD	+0.0040%	1h	234.37	+0.026%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.70	+0.166%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.48	+0.073%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.52	+0.090%	$38	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.46	+0.064%	$164K	$498K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0076%	1h	234.55	+0.102%	$55.0M	$19.6M	10x	as long as short
Variational Omni NBIS	+0.0091%	8h	234.48	+0.071%	$2.9M	$568K	—	as long as short
KuCoin NBISUSDTMlong	+0.0100%	8h	234.31	long leg	$483K	$21K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.51	+0.085%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.51	+0.087%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	233.53	−0.333%	$382K	$712K	10x	as long as short
Aster NBISUSDT	+0.0121%	8h	234.66	+0.151%	$81K	$307K	50x	as long as short
BloFin NBIS-USDT	+0.0127%	8h	234.60	+0.124%	$207K	$204K	20x	as long as short
Extended NBIS-USD	+0.0128%	1h	234.55	+0.101%	$146K	$702K	10x	as long as short
Binance NBISUSDT	+0.0130%	8h	234.61	+0.127%	$19.1M	$84.5M	25x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0134%	1h	234.41	+0.043%	$35K	$48K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0152%	1h	234.50	+0.083%	$23K	$15K	20x	as long as short
Lighter NBIS	+0.0248%	1h	234.54	+0.098%	$902K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	234.38	+0.030%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0488%	1h	234.44	+0.055%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDCshort	+0.0972%	4h	234.37	+0.025%	$38K	$226K	10x