Settings8H · net · $10k
Funding arb · Price arb /

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0894%/8h= −97.9% APRpaid last 24h −0.157%
Price spread now: SunX against edgeX−0.033%74s7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$247as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1641.638% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.829%−$83 on $10k
Price spread, last 3 days (all we have)+0.005%$0 · spread now −0.033%, 7d avg +0.007%
Together, before fees−0.824%+ Points / potential airdropedgeX: Active · farm board−$82 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and SunX is 0.040% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.007%). Swap the legs. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX NBISUSDC234.140.0894pay 0.0447% / 4h1h 47m$38K$226K10x
ShortSunX NBIS-USDT234.060get 0.0000% / 8h5h 47m$903$1.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
−$187.77
Price spread: −0.033% → +0.007%
−$3.98
Slippage, 4 orders
−$146.84
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee SunX: 4 bp × 2 orders
−$8
Net
−$355.59
Costs to cover
1.638%
Break-even
never at this rate
Slippage from edgeX: live order book, 14 min ago; SunX: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 14 min ago6.20 bp14.9 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 8 min ago45.05 bp64.0 bp −$64doesn't fitdoesn't fitdoesn't fit

NBIS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado NBIS-PERP−0.0014%1h233.93−0.087%$67K$95K3xas long as short
Bybit NBISUSDT0.0000%8h234.04−0.042%$5.0M$6.2M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h233.98−0.067%$3.4M$16.2M25xas long as short
Gate NBIS_USDT0.0000%8h234.08−0.025%$2.8M$5.0M50xas long as short
Bitget NBISUSDT0.0000%8h234.02−0.050%$2.4M$4.4M20xas long as short
GRVT NBIS_USDT_Perp0.0000%8h234.25+0.050%$5K$127K10xas long as short
SunX NBIS-USDTshort0.0000%8h234.06−0.033%$903$1.7M10x
HTX NBIS-USDT0.0000%8h234.19+0.022%$15K$60K20xas long as short
Phemex NBISUSDT0.0000%8h234.00−0.059%$1.6M$966K10xas long as short
QFEX NBIS-USD+0.0023%1h233.99−0.063%$1.5M$4.4M10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus NBIS-USD+0.0040%1h233.96−0.076%$42K$132K5xas long as short
Vest NBIS-USD-PERP+0.0046%1h234.20+0.027%$215K5xas long as short
Deribit NBIS_USDC-PERPETUAL+0.0049%1h233.92−0.093%$35K$48K10xas long as short
tradeXYZ xyz:NBIS+0.0050%1h233.95−0.080%$54.6M$19.7M10xas long as short
Polymarket Perps NBIS-USD+0.0050%1h233.95−0.080%$149K$453K10xas long as short
SoDEX NBIS-USD+0.0050%1h234.00−0.059%$28$20K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h234.09−0.020%$163K$499K10xas long as short
KuCoin NBISUSDTM+0.0100%8h233.96−0.076%$482K$21K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h233.96−0.076%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h233.94−0.086%10xas long as short
Coinbase International NBIS-PERP-INTX+0.0104%1h233.53−0.259%$382K$712K10xas long as short
Variational Omni NBIS+0.0121%8h234.14+0.001%$2.8M$569Kas long as short
Aster NBISUSDT+0.0137%8h234.23+0.040%$81K$307K50xas long as short
Extended NBIS-USD+0.0144%1h233.95−0.080%$147K$698K10xas long as short
Binance NBISUSDT+0.0148%8h234.00−0.057%$19.1M$84.6M25xas long as short
Kraken Futures PF_NBISUSD+0.0152%1h233.96−0.077%$23K$15K20xas long as short
Lighter NBIS+0.0232%1h234.02−0.050%$903K$4.3M10xas long as short
Phoenix NBIS+0.0308%1h234.23+0.040%$7K$150K10xas long as short
Entropy io:NBIS+0.0417%1h234.04−0.042%$10.2M$3.3M10xas long as short
edgeX NBISUSDClong+0.0894%4h234.14long leg$38K$226K10x