Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0523%/8h= +57.2% APRpaid last 24h +0.162%

Price spread now: edgeX against Bitget+0.032%74s7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs+$5as 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−$670.668% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.715%+$72 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.032%, 7d avg −0.002%

Together, before fees+0.761%+ Points / potential airdropedgeX: Active · farm board+$76 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and edgeX is 0.034% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.002%. The two prices were read 74 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	Bitget NBISUSDT	230.80	−0.0441	get 0.0441% / 8h	1h 44m	$2.3M	$4.5M	20x
Short	edgeX NBISUSDC	230.87	0.0082	get 0.0041% / 4h	1h 44m	$37K	$227K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bitget. 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 BitgetbpFee edgeXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $109.78
Price spread: +0.032% → −0.002%: $3.36
Slippage, 4 orders: −$45.78
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $46.37
Costs to cover: 0.668%
Break-even: 4.0 days

Slippage from Bitget: live order book, 4 min ago; edgeX: live order book, 63 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 Bitget live order book, 4 min ago	2.38 bp	18.0 bp −$18	28.2 bp −$282	45.0 bp −$4,498	doesn't fit
Sell edgeX live order book, 63 min ago	5.60 bp	16.4 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 NBISUSDTlong	−0.0441%	8h	230.80	long leg	$2.3M	$4.5M	20x
Aster NBISUSDT	0.0000%	8h	230.78	−0.010%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.65	−0.063%	$145K	$688K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.70	−0.043%	$18.5M	$87.2M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.75	−0.022%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.59	−0.091%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.66	−0.061%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.87	+0.032%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.91	+0.047%	$5K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.94	+0.061%	$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	230.58	−0.095%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.86	+0.026%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.92	+0.052%	$1.6M	$962K	10x	as long as short
BloFin NBIS-USDT	+0.0008%	8h	230.87	+0.030%	$203K	$205K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.86	+0.026%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.64	−0.069%	—	$221K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.67	−0.056%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.87	+0.030%	$88	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.65	−0.065%	$151K	$547K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	230.85	+0.022%	$1.5M	$3.9M	10x	as long as short
Nado NBIS-PERP	+0.0070%	1h	230.70	−0.045%	$37K	$115K	3x	as long as short
edgeX NBISUSDCshort	+0.0082%	4h	230.87	+0.032%	$37K	$227K	10x
KuCoin NBISUSDTM	+0.0100%	8h	230.67	−0.056%	$475K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.69	−0.048%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.66	−0.062%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	231.07	+0.117%	$351K	$813K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0152%	1h	230.59	−0.091%	$54.2M	$21.0M	10x	as long as short
Lighter NBIS	+0.0240%	1h	230.95	+0.065%	$946K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	231.29	+0.212%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0430%	1h	230.96	+0.069%	$10.0M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0685%	1h	230.66	−0.059%	$23K	$15K	20x	as long as short