Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.153%

Price spread now: Variational Omni against edgeX+0.372%7-day average +0.004% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.497%−$50 on $10k

Price spread, last 4 days (all we have)−0.405%−$41 · spread now +0.372%, 7d avg +0.004%

Together, before fees−0.902%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$90 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.368% dearer against edgeX than usual: you sell high and buy low (spread +0.372% now, against its 7-day average of +0.004%): +$37 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 41 days. At the pace of the last 4 days (−0.497% in total) that is about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NBISUSDC	228.53	0.0030	pay 0.0015% / 4h	3h 20m	$37K	$227K	10x
Short	Variational Omni NBIS	229.38	0	get 0.0000% / 8h	7h 20m	$2.8M	$597K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.372%Rate

Funding earned: −$6.29
Price spread: +0.372% → +0.004%: $36.8
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $21.51
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: edgeX: live order book, 11 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

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, 11 min ago	6.38 bp	14.7 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	3.25 bp	doesn't fit	50.2 bp −$502	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
Bitget NBISUSDT	−0.0204%	8h	229.26	+0.319%	$2.3M	$4.6M	20x	as long as short
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	226.87	−0.727%	$352K	$801K	10x	as long as short
Aster NBISUSDT	0.0000%	8h	228.73	+0.088%	$73K	$320K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	229.31	+0.343%	$143K	$859K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	229.22	+0.301%	$18.4M	$89.7M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	229.31	+0.341%	$4.8M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	229.21	+0.297%	$3.2M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	229.24	+0.310%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBISshort	0.0000%	8h	229.38	+0.372%	$2.8M	$597K	—
GRVT NBIS_USDT_Perp	0.0000%	8h	228.55	+0.009%	$4K	$113K	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	229.11	+0.253%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	228.88	+0.153%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	229.10	+0.249%	$1.5M	$971K	10x	as long as short
BloFin NBIS-USDT	+0.0015%	8h	229.14	+0.266%	$202K	$213K	20x	as long as short
edgeX NBISUSDClong	+0.0030%	4h	228.53	long leg	$37K	$227K	10x
Arcus NBIS-USD	+0.0040%	1h	228.74	+0.091%	$41K	$124K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	228.64	+0.048%	—	$246K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	228.50	−0.014%	$136K	$466K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	228.46	−0.031%	$147K	$532K	10x	as long as short
QFEX NBIS-USD	+0.0064%	1h	228.76	+0.100%	$1.5M	$3.7M	10x	as long as short
Nado NBIS-PERP	+0.0070%	1h	228.51	−0.007%	$38K	$116K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	228.88	+0.153%	$470K	$75K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	228.85	+0.139%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	228.83	+0.129%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0110%	1h	229.37	+0.367%	$53.5M	$21.6M	10x	as long as short
Lighter NBIS	+0.0112%	1h	229.07	+0.236%	$898K	$4.1M	10x	as long as short
SoDEX NBIS-USD	+0.0143%	1h	228.85	+0.139%	$69	$20K	10x	as long as short
Phoenix NBIS	+0.0277%	1h	227.46	−0.469%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0306%	1h	228.28	−0.110%	$9.9M	$3.1M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0624%	1h	229.13	+0.262%	$34K	$49K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0682%	1h	228.81	+0.120%	$22K	$16K	20x	as long as short