Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0447%/8h= −49.0% APRpaid last 24h +0.066%

Price spread now: edgeX against Kraken Futures−0.088%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and edgeX is 0.088% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NBISUSD	235.41	0.0477	pay 0.0060% / 1h	11m 07s	$24K	$15K	20x
Short	edgeX NBISUSDC	235.20	0.0029	get 0.0015% / 4h	11m 07s	$38K	$227K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Kraken Futures. 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 Kraken FuturesbpFee edgeXbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$93.96
Price spread: −0.088% → 0.000%: −$8.79
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$121.75
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; edgeX: live order book, 46 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell edgeX live order book, 46 min ago	6.15 bp	14.8 bp −$15	doesn't fit	doesn't fit	doesn't fit

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Nado NBIS-PERP	−0.0063%	1h	235.08	−0.141%	$38K	$115K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.49	+0.035%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.38	−0.012%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.40	−0.003%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.42	+0.005%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	235.40	−0.003%	$2.9M	$561K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.29	−0.050%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.44	+0.014%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.32	−0.037%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.47	+0.027%	$1.6M	$955K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX NBISUSDCshort	+0.0029%	4h	235.20	−0.088%	$38K	$227K	10x
Aster NBISUSDT	+0.0035%	8h	235.33	−0.033%	$79K	$310K	50x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.37	−0.016%	$1.5M	$4.2M	10x	as long as short
Binance NBISUSDT	+0.0039%	8h	235.45	+0.017%	$19.4M	$84.5M	25x	as long as short
Extended NBIS-USD	+0.0040%	1h	235.36	−0.020%	$150K	$701K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.19	−0.092%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.54	+0.056%	—	$216K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	235.38	−0.012%	$54.9M	$19.9M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.29	−0.050%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.34	−0.029%	$52	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.24	−0.071%	$161K	$503K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	235.56	+0.065%	$389K	$724K	10x	as long as short
BloFin NBIS-USDT	+0.0058%	8h	235.45	+0.018%	$207K	$205K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.09	−0.135%	$484K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.29	−0.050%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.27	−0.060%	—	—	10x	as long as short
Lighter NBIS	+0.0160%	1h	235.31	−0.041%	$903K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0272%	1h	235.26	−0.063%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0417%	1h	235.24	−0.071%	$10.2M	$3.2M	10x	as long as short
Kraken Futures PF_NBISUSDlong	+0.0477%	1h	235.41	long leg	$24K	$15K	20x
Deribit NBIS_USDC-PERPETUAL	+0.0899%	1h	235.30	−0.046%	$35K	$49K	10x	as long as short