Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0480%/8h= −52.6% APRpaid last 24h −0.141%

Price spread now: Bitget against edgeX+0.313%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$610.606% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.638%−$64 on $10k

Price spread, last 3 days (all we have)−0.391%−$39 · spread now +0.313%, 7d avg +0.003%

Together, before fees−1.028%+ Points / potential airdropedgeX: Active · farm board−$103 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.310% dearer against edgeX than usual: you sell high and buy low (spread +0.313% now, against its 7-day average of +0.003%): +$31 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NBISUSDC	235.50	0.0480	pay 0.0240% / 4h	3h 49m	$38K	$228K	10x
Short	Bitget NBISUSDT	236.24	0	get 0.0000% / 8h	7h 49m	$2.5M	$4.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.313%Rate

Funding earned: −$100.81
Price spread: +0.313% → +0.003%: $31.02
Slippage, 4 orders: −$39.6
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$130.39
Costs to cover: 0.606%
Break-even: never at this rate

Slippage from edgeX: live order book, 23 min ago; Bitget: live order book, 4 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, 23 min ago	5.33 bp	16.1 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.55 bp	12.7 bp −$13	24.5 bp −$245	41.2 bp −$4,116	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
Kraken Futures PF_NBISUSD	−0.0178%	1h	236.03	+0.222%	$24K	$15K	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	236.24	+0.313%	$3.4M	$17.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	236.13	+0.267%	$2.8M	$5.1M	50x	as long as short
Bitget NBISUSDTshort	0.0000%	8h	236.24	+0.313%	$2.5M	$4.7M	20x
SunX NBIS-USDT	0.0000%	8h	236.08	+0.245%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.83	+0.139%	$15K	$113K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	236.24	+0.313%	$1.6M	$973K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0016%	1h	235.49	−0.005%	$361K	$683K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	236.19	+0.292%	$1.5M	$5.1M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	236.40	+0.381%	—	$234K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.58	+0.033%	$175K	$507K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.99	+0.207%	$487K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	236.20	+0.296%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.89	+0.166%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0171%	1h	236.05	+0.232%	$29K	$63K	3x	as long as short
Variational Omni NBIS	+0.0198%	8h	236.05	+0.234%	$2.9M	$817K	—	as long as short
Bybit NBISUSDT	+0.0213%	8h	236.29	+0.334%	$5.2M	$6.5M	50x	as long as short
BloFin NBIS-USDT	+0.0214%	8h	236.30	+0.339%	$206K	$214K	20x	as long as short
Aster NBISUSDT	+0.0219%	8h	235.97	+0.200%	$82K	$308K	50x	as long as short
Binance NBISUSDT	+0.0239%	8h	236.32	+0.347%	$19.6M	$86.0M	25x	as long as short
Extended NBIS-USD	+0.0240%	1h	236.24	+0.314%	$137K	$777K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0343%	1h	236.16	+0.279%	$35K	$48K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0352%	8h	235.50	−0.001%	$5K	$137K	10x	as long as short
Arcus NBIS-USD	+0.0366%	1h	235.69	+0.080%	$44K	$134K	5x	as long as short
Lighter NBIS	+0.0368%	1h	236.30	+0.339%	$930K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0409%	1h	236.34	+0.356%	$7K	$163K	10x	as long as short
edgeX NBISUSDClong	+0.0480%	4h	235.50	long leg	$38K	$228K	10x
SoDEX NBIS-USD	+0.0646%	1h	236.18	+0.288%	$24	$20K	10x	as long as short
Entropy io:NBIS	+0.0833%	1h	235.77	+0.114%	$10.3M	$3.4M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0987%	1h	236.29	+0.334%	$140K	$430K	10x	as long as short
tradeXYZ xyz:NBIS	+0.1116%	1h	236.27	+0.326%	$55.2M	$23.6M	10x	as long as short