Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0630%/8h= −69.0% APRpaid last 24h −0.104%

Price spread now: Gate against edgeX−0.117%112s7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$152as 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−$770.771% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.745%−$75 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.117%, 7d avg +0.026%

Together, before fees−0.729%+ Points / potential airdropedgeX: Active · farm board−$73 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Gate is 0.143% cheaper against edgeX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.026%). Swap the legs. The two prices were read 112 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	edgeX NBISUSDC	232.29	0.0630	pay 0.0315% / 4h	2h 03m	$37K	$226K	10x
Short	Gate NBIS_USDT	232.02	0	get 0.0000% / 8h	2h 03m	$2.7M	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.117%Rate

Funding earned: −$132.26
Price spread: −0.117% → +0.026%: −$14.25
Slippage, 4 orders: −$53.08
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$223.59
Costs to cover: 0.771%
Break-even: never at this rate

Slippage from edgeX: live order book, 43 min ago; Gate: 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, 43 min ago	5.60 bp	16.2 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	3.44 bp	22.7 bp −$23	242.3 bp −$2,423	333.4 bp −$33.3K	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	−0.0402%	8h	232.07	−0.095%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.87	−0.183%	$85K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.94	−0.149%	$146K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	232.01	−0.120%	$18.6M	$87.0M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.95	−0.147%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.91	−0.164%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDTshort	0.0000%	8h	232.02	−0.117%	$2.7M	$5.1M	50x
Variational Omni NBIS	0.0000%	8h	232.29	+0.002%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.27	−0.011%	$5K	$117K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	232.11	−0.078%	$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	232.23	−0.026%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.98	−0.134%	$1.6M	$958K	10x	as long as short
BloFin NBIS-USDT	+0.0027%	8h	232.16	−0.056%	$202K	$206K	20x	as long as short
QFEX NBIS-USD	+0.0029%	1h	231.99	−0.130%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	232.00	−0.125%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.93	−0.155%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.86	−0.185%	$138K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.29	0.000%	$151K	$548K	10x	as long as short
Nado NBIS-PERP	+0.0053%	1h	231.83	−0.198%	$38K	$115K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.82	−0.203%	$478K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.93	−0.155%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.90	−0.170%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0118%	1h	231.89	−0.173%	$54.5M	$21.1M	10x	as long as short
SoDEX NBIS-USD	+0.0135%	1h	231.93	−0.155%	$88	$20K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	232.18	−0.048%	$352K	$816K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0222%	1h	231.90	−0.167%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	232.20	−0.039%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0272%	1h	232.00	−0.125%	$938K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0399%	1h	231.96	−0.142%	$10.1M	$3.2M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0570%	1h	231.87	−0.181%	$34K	$49K	10x	as long as short
edgeX NBISUSDClong	+0.0630%	4h	232.29	long leg	$37K	$226K	10x