Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0536%/8h= +58.7% APRpaid last 24h +0.111%

Price spread now: edgeX against Orderly−0.025%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. edgeX is 0.025% cheaper against Orderly than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NBIS_USDC_mythos	233.42	0.0100	pay 0.0100% / 8h	6h 36m	$2K	$3K	10x
Short	edgeX NBISUSDC	233.36	0.0636	get 0.0318% / 4h	2h 36m	$37K	$226K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Orderly. 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 OrderlybpFee edgeXbpOrdersPrice spread, now −0.025%Rate

Funding earned: $112.51
Price spread: −0.025% → 0.000%: −$2.47
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $95.04
Costs to cover: 0.150%
Break-even: 1.1 days

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 30 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 Orderly no order-book sample	—	—	—	—	—
Sell edgeX live order book, 30 min ago	5.52 bp	16.5 bp −$16	doesn't fit	doesn't fit	doesn't fit

Orderly: 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
Bybit NBISUSDT	0.0000%	8h	233.43	+0.004%	$5.1M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.45	+0.013%	$3.4M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.43	+0.004%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.44	+0.009%	$2.4M	$4.5M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.36	−0.026%	$996	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	233.25	−0.073%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.40	−0.009%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.44	+0.009%	$1.6M	$972K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0016%	8h	233.46	+0.019%	$5K	$129K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	233.49	+0.030%	$1.5M	$4.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USD	+0.0040%	1h	233.33	−0.039%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.43	+0.004%	—	$226K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.38	−0.017%	$148K	$468K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.40	−0.009%	$89	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.49	+0.030%	$163K	$499K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	233.31	−0.047%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.37	−0.021%	$481K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythoslong	+0.0100%	8h	233.42	long leg	$2K	$3K	10x
Aevo NBIS-PERP	+0.0104%	1h	233.35	−0.032%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0108%	1h	233.35	−0.030%	$54.7M	$20.0M	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+1.127%	$386K	$721K	10x	as long as short
Nado NBIS-PERP	+0.0140%	1h	233.34	−0.034%	$67K	$94K	3x	as long as short
Aster NBISUSDT	+0.0213%	8h	233.59	+0.071%	$81K	$314K	50x	as long as short
Variational Omni NBIS	+0.0223%	8h	233.46	+0.017%	$2.8M	$570K	—	as long as short
Binance NBISUSDT	+0.0232%	8h	233.41	−0.004%	$19.2M	$85.1M	25x	as long as short
Extended NBIS-USD	+0.0232%	1h	233.38	−0.019%	$150K	$705K	10x	as long as short
BloFin NBIS-USDT	+0.0234%	8h	234.04	+0.266%	$207K	$209K	20x	as long as short
Lighter NBIS	+0.0280%	1h	233.45	+0.013%	$901K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	233.42	0.000%	$7K	$152K	10x	as long as short
Entropy io:NBIS	+0.0353%	1h	233.48	+0.026%	$10.1M	$3.3M	10x	as long as short
edgeX NBISUSDCshort	+0.0636%	4h	233.36	−0.025%	$37K	$226K	10x