Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC−0.0021%/8hpaid last 24h −0.011%

Price spread now: Coinbase International against edgeX+0.466%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$630.634% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.212%−$21 on $10k

Price spread, last 3 days (all we have)−0.339%−$34 · spread now +0.466%, 7d avg +0.109%

Together, before fees−0.552%+ Points / potential airdropedgeX: Active · farm board−$55 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.357% dearer against edgeX than usual: you sell high and buy low (spread +0.466% now, against its 7-day average of +0.109%): +$36 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 58 days. At the pace of the last 7 days (−0.212% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NBISUSDC	234.26	0.0141	pay 0.0070% / 4h	23m 08s	$38K	$238K	10x
Short	Coinbase International NBIS-PERP-INTX	235.35	0.0120	get 0.0015% / 1h	23m 08s	$370K	$652K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.466%Rate

Funding earned: −$4.34
Price spread: +0.466% → +0.109%: $35.69
Slippage, 4 orders: −$44.4
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$32.05
Costs to cover: 0.634%
Break-even: never at this rate

Slippage from edgeX: live order book, 8 min ago; Coinbase International: live order book, 9 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, 8 min ago	5.78 bp	17.4 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 9 min ago	9.22 bp	14.3 bp −$14	21.9 bp −$219	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
Kraken Futures PF_NBISUSD	−0.0161%	1h	234.35	+0.040%	$25K	$11K	20x	as long as short
Extended NBIS-USD	0.0000%	1h	234.27	+0.005%	$141K	$694K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	234.35	+0.037%	$20.3M	$82.4M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	234.34	+0.035%	$5.2M	$6.1M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.37	+0.048%	$3.5M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.34	+0.035%	$2.9M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.43	+0.074%	$2.5M	$4.5M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	234.16	−0.042%	$2.9M	$923K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.23	−0.010%	$5K	$140K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.34	+0.035%	$933	$1.8M	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	234.21	−0.020%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.44	+0.078%	$1.6M	$906K	10x	as long as short
Aster NBISUSDT	+0.0003%	8h	234.24	−0.008%	$111K	$265K	50x	as long as short
BloFin NBIS-USDT	+0.0022%	8h	234.44	+0.078%	$213K	$215K	20x	as long as short
QFEX NBIS-USD	+0.0033%	1h	234.32	+0.027%	$1.5M	$5.0M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	234.17	−0.037%	$40K	$118K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.39	+0.056%	—	$230K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.32	+0.027%	$135K	$554K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.39	+0.056%	$98	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.18	−0.033%	$160K	$491K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.14	−0.050%	$494K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.36	+0.044%	$2K	$4K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.31	+0.024%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0114%	1h	234.34	+0.035%	$54.8M	$22.3M	10x	as long as short
Coinbase International NBIS-PERP-INTXshort	+0.0120%	1h	235.35	+0.466%	$370K	$652K	10x
Entropy io:NBIS	+0.0127%	1h	234.13	−0.055%	$10.3M	$3.2M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0134%	1h	234.29	+0.014%	$36K	$88K	10x	as long as short
edgeX NBISUSDClong	+0.0141%	4h	234.26	long leg	$38K	$238K	10x
Nado NBIS-PERP	+0.0166%	1h	234.22	−0.018%	$29K	$65K	3x	as long as short
Lighter NBIS	+0.0208%	1h	234.43	+0.074%	$985K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0340%	1h	234.30	+0.018%	$7K	$180K	10x	as long as short