Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h +0.104%

Price spread now: edgeX against Gate+0.101%82s7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs+$10as 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−$640.644% of the position

Long on Gate Short on edgeX

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)−0.022%−$2 · spread now +0.101%, 7d avg −0.025%

Together, before fees+0.723%+ Points / potential airdropedgeX: Active · farm board+$72 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and edgeX is 0.127% dearer against Gate than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.025%. The two prices were read 82 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	Gate NBIS_USDT	230.64	0	get 0.0000% / 8h	1h 43m	$2.7M	$5.1M	50x
Short	edgeX NBISUSDC	230.87	0.0082	get 0.0041% / 4h	1h 43m	$37K	$227K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Gate. 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 GatebpFee edgeXbpOrdersPrice spread, now +0.101%Rate

Funding earned: $17.17
Price spread: +0.101% → −0.025%: $12.66
Slippage, 4 orders: −$40.4
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$34.56
Costs to cover: 0.644%
Break-even: 21.1 days

Slippage from Gate: live order book, 4 min ago; edgeX: live order book, 63 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 Gate live order book, 4 min ago	3.68 bp	12.9 bp −$13	26.0 bp −$260	53.6 bp −$5,361	doesn't fit
Sell edgeX live order book, 63 min ago	5.60 bp	16.4 bp −$16	doesn't fit	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	−0.0441%	8h	230.57	−0.030%	$2.3M	$4.5M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.58	−0.027%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.42	−0.096%	$144K	$688K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.50	−0.061%	$18.5M	$87.2M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.40	−0.104%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.40	−0.104%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDTlong	0.0000%	8h	230.64	long leg	$2.7M	$5.1M	50x
Variational Omni NBIS	0.0000%	8h	230.87	+0.102%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.91	+0.116%	$5K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.94	+0.130%	$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
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	230.58	−0.026%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.86	+0.095%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.65	+0.004%	$1.6M	$963K	10x	as long as short
BloFin NBIS-USDT	+0.0008%	8h	230.87	+0.100%	$203K	$205K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.86	+0.095%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.64	0.000%	—	$221K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.67	+0.013%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.64	0.000%	$92	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.65	+0.004%	$151K	$547K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	230.85	+0.091%	$1.5M	$3.9M	10x	as long as short
Nado NBIS-PERP	+0.0070%	1h	230.70	+0.024%	$37K	$115K	3x	as long as short
edgeX NBISUSDCshort	+0.0082%	4h	230.87	+0.101%	$37K	$227K	10x
KuCoin NBISUSDTM	+0.0100%	8h	230.45	−0.082%	$475K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.69	+0.022%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.66	+0.008%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	230.50	−0.061%	$350K	$812K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0149%	1h	230.33	−0.134%	$54.1M	$21.0M	10x	as long as short
Lighter NBIS	+0.0240%	1h	230.72	+0.035%	$945K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	231.29	+0.282%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0430%	1h	230.96	+0.139%	$10.0M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0685%	1h	230.66	+0.010%	$23K	$15K	20x	as long as short