Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0160%/8h= +17.5% APRpaid last 24h +0.103%

Price spread now: edgeX against Nado+0.066%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$960.957% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.456%+$46 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now +0.066%, 7d avg +0.012%

Together, before fees+0.534%+ Points / potential airdropNado: Active · edgeX: Active · farm board+$53 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and edgeX is 0.054% dearer against Nado than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NBIS-PERP	231.14	0.0173	pay 0.0022% / 1h	33m 21s	$38K	$116K	3x
Short	edgeX NBISUSDC	231.30	0.0332	get 0.0166% / 4h	33m 21s	$37K	$227K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Nado. 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 NadobpFee edgeXbpOrdersPrice spread, now +0.066%Rate

Funding earned: $33.5
Price spread: +0.066% → +0.012%: $5.45
Slippage, 4 orders: −$79.73
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$56.78
Costs to cover: 0.957%
Break-even: 18.9 days

Slippage from Nado: live order book, 65 min ago; edgeX: live order book, 4 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 Nado live order book, 65 min ago	10.42 bp	29.3 bp −$29	520.1 bp −$5,201	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	6.05 bp	15.9 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	−0.0432%	8h	231.38	+0.102%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.41	+0.114%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.39	+0.108%	$148K	$876K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.47	+0.140%	$18.7M	$87.8M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.48	+0.146%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.34	+0.085%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.41	+0.115%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.17	+0.011%	$2.8M	$594K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.32	+0.076%	$4K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.36	+0.094%	$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
HTX NBIS-USDT	0.0000%	8h	231.29	+0.063%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.47	+0.141%	$1.6M	$970K	10x	as long as short
BloFin NBIS-USDT	+0.0028%	8h	231.35	+0.089%	$203K	$209K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.16	+0.007%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.49	+0.150%	$1.5M	$3.8M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.30	+0.068%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.36	+0.094%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.06	−0.036%	$150K	$543K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.326%	$353K	$805K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.18	+0.016%	$477K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.43	+0.124%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.32	+0.078%	—	—	10x	as long as short
SoDEX NBIS-USD	+0.0116%	1h	231.36	+0.094%	$97	$20K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0152%	1h	231.32	+0.076%	$54.3M	$21.1M	10x	as long as short
Nado NBIS-PERPlong	+0.0173%	1h	231.14	long leg	$38K	$116K	3x
Phoenix NBIS	+0.0312%	1h	231.13	−0.006%	$7K	$125K	10x	as long as short
edgeX NBISUSDCshort	+0.0332%	4h	231.30	+0.066%	$37K	$227K	10x
Lighter NBIS	+0.0352%	1h	231.40	+0.111%	$933K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0440%	1h	231.28	+0.059%	$10.1M	$3.1M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0442%	1h	231.36	+0.094%	$34K	$49K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.37	+0.099%	$23K	$15K	20x	as long as short