Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0455%/8h= −49.8% APRpaid last 24h −0.146%

Price spread now: Polymarket Perps against edgeX+0.088%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$490.485% of the position

Long on edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.808%−$81 on $10k

Price spread, last 4 days (all we have)−0.195%−$20 · spread now +0.088%, 7d avg −0.007%

Together, before fees−1.003%+ Points / potential airdropedgeX: Active · farm board−$100 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.095% dearer against edgeX than usual: you sell high and buy low (spread +0.088% now, against its 7-day average of −0.007%): +$10 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NBISUSDC	230.94	0.0505	pay 0.0252% / 4h	2m 37s	$37K	$227K	10x
Short	Polymarket Perps NBIS-USD	231.14	0.0050	get 0.0006% / 1h	2m 37s	$137K	$473K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$95.48
Price spread: +0.088% → −0.007%: $9.53
Slippage, 4 orders: −$31.55
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$134.5
Costs to cover: 0.485%
Break-even: never at this rate

Slippage from edgeX: live order book, 34 min ago; Polymarket Perps: live order book, 35 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, 34 min ago	6.05 bp	17.3 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 35 min ago	2.60 bp	7.4 bp −$7	7.7 bp −$77	38.9 bp −$3,889	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	−0.0359%	8h	231.25	+0.136%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0024%	8h	231.21	+0.119%	$204K	$212K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.21	+0.119%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.19	+0.111%	$145K	$876K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.21	+0.119%	$18.8M	$87.9M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.25	+0.136%	$4.9M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.14	+0.088%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.22	+0.123%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.07	+0.060%	$2.8M	$590K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.02	+0.036%	$4K	$115K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	231.25	+0.136%	$1K	$1.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	231.10	+0.071%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	231.04	+0.045%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.26	+0.140%	$1.6M	$972K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.99	+0.023%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.16	+0.097%	$1.5M	$3.7M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.07	+0.058%	—	$223K	5x	as long as short
Polymarket Perps NBIS-USDshort	+0.0050%	1h	231.14	+0.088%	$137K	$473K	10x
SoDEX NBIS-USD	+0.0050%	1h	231.20	+0.114%	$83	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.94	+0.002%	$150K	$542K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.90	−0.016%	$357K	$811K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.95	+0.006%	$475K	$31K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.15	+0.093%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.13	+0.086%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0119%	1h	231.15	+0.093%	$54.1M	$21.2M	10x	as long as short
Nado NBIS-PERP	+0.0171%	1h	231.07	+0.056%	$38K	$116K	3x	as long as short
Lighter NBIS	+0.0256%	1h	231.18	+0.106%	$940K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0312%	1h	231.11	+0.075%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0404%	1h	231.07	+0.058%	$10.1M	$3.1M	10x	as long as short
edgeX NBISUSDClong	+0.0505%	4h	230.94	long leg	$37K	$227K	10x
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.18	+0.106%	$23K	$15K	20x	as long as short