Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0161%/8h= +17.6% APRpaid last 24h +0.103%

Price spread now: edgeX against Nado+0.032%62s7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$940.941% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.456%+$46 on $10k

Price spread, last 4 days (all we have)+0.112%+$11 · spread now +0.032%, 7d avg +0.012%

Together, before fees+0.568%+ Points / potential airdropNado: Active · edgeX: Active · farm board+$57 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and edgeX is 0.021% dearer against Nado than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.012%. The two prices were read 62 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	Nado NBIS-PERP	231.22	0.0171	pay 0.0021% / 1h	32m 22s	$38K	$116K	3x
Short	edgeX NBISUSDC	231.30	0.0332	get 0.0166% / 4h	32m 22s	$37K	$227K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Nado. 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 NadobpFee edgeXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $33.76
Price spread: +0.032% → +0.012%: $2.09
Slippage, 4 orders: −$78.12
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$58.28
Costs to cover: 0.941%
Break-even: 19.1 days

Slippage from Nado: live order book, 1 min ago; edgeX: live order book, 5 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 Nado live order book, 1 min ago	11.46 bp	29.3 bp −$29	506.7 bp −$5,067	doesn't fit	doesn't fit
Sell edgeX live order book, 5 min ago	6.05 bp	15.9 bp −$16	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
Bitget NBISUSDT	−0.0426%	8h	231.35	+0.056%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.33	+0.048%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.40	+0.077%	$148K	$876K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.35	+0.056%	$18.7M	$87.8M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.35	+0.056%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.37	+0.064%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.42	+0.086%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.17	−0.022%	$2.8M	$594K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.32	+0.043%	$4K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.36	+0.060%	$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
HTX NBIS-USDT	0.0000%	8h	231.45	+0.099%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.36	+0.060%	$1.6M	$969K	10x	as long as short
BloFin NBIS-USDT	+0.0011%	8h	231.41	+0.082%	$204K	$209K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.19	−0.014%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.49	+0.116%	$1.5M	$3.8M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.28	+0.025%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.29	+0.030%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.25	+0.012%	$150K	$543K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.360%	$353K	$805K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.21	−0.005%	$477K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.43	+0.090%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.32	+0.045%	—	—	10x	as long as short
SoDEX NBIS-USD	+0.0116%	1h	231.36	+0.060%	$97	$20K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0148%	1h	231.20	−0.009%	$54.3M	$21.1M	10x	as long as short
Nado NBIS-PERPlong	+0.0171%	1h	231.22	long leg	$38K	$116K	3x
Phoenix NBIS	+0.0312%	1h	231.13	−0.039%	$7K	$125K	10x	as long as short
edgeX NBISUSDCshort	+0.0332%	4h	231.30	+0.032%	$37K	$227K	10x
Lighter NBIS	+0.0344%	1h	231.43	+0.090%	$933K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0440%	1h	231.25	+0.012%	$10.1M	$3.1M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0442%	1h	231.36	+0.060%	$34K	$49K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.37	+0.065%	$23K	$15K	20x	as long as short