Settings8H · net · $10k
Funding arb · Price arb /

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0607%/8h= +66.5% APRpaid last 24h +0.162%
Price spread now: edgeX against Phemex+0.178%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1371.375% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.886%+$89 on $10k
Price spread, last 4 days (all we have)−0.139%−$14 · spread now +0.178%, 7d avg −0.020%
Together, before fees+0.747%+ Points / potential airdropedgeX: Active · farm board+$75 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and edgeX is 0.198% dearer against Phemex than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex NBISUSDT233.740get 0.0000% / 8h3h 40m$1.6M$954K10x
ShortedgeX NBISUSDC234.160.0607get 0.0304% / 4h3h 40m$38K$225K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Phemex. 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

Funding earned
$127.49
Price spread: +0.178% → −0.020%
$19.82
Slippage, 4 orders
−$116.49
Fee Phemex: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$9.82
Costs to cover
1.375%
Break-even
6.5 days
Slippage from Phemex: live order book, 2 min ago; edgeX: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 2 min ago4.48 bp53.1 bp −$53doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 11 min ago5.98 bp16.7 bp −$17doesn't fitdoesn't fitdoesn't fit

NBIS on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin NBIS-USDT−0.0010%8h233.67−0.030%$206K$205K20xas long as short
Aster NBISUSDT0.0000%8h233.88+0.060%$78K$310K50xas long as short
Extended NBIS-USD0.0000%1h233.63−0.046%$147K$699K10xas long as short
Binance NBISUSDT0.0000%8h233.70−0.017%$19.2M$84.6M25xas long as short
Bybit NBISUSDT0.0000%8h233.80+0.026%$5.0M$6.3M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h233.63−0.047%$3.4M$16.1M25xas long as short
Gate NBIS_USDT0.0000%8h233.740.000%$2.7M$5.0M50xas long as short
Bitget NBISUSDT0.0000%8h233.68−0.026%$2.4M$4.4M20xas long as short
Variational Omni NBIS0.0000%8h233.67−0.028%$2.9M$556Kas long as short
GRVT NBIS_USDT_Perp0.0000%8h234.45+0.303%$4K$120K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX NBIS-USDT0.0000%8h233.70−0.017%$848$1.7M10xas long as short
Deribit NBIS_USDC-PERPETUAL0.0000%1h233.59−0.064%$35K$49K10xas long as short
HTX NBIS-USDT0.0000%8h234.10+0.154%$15K$60K20xas long as short
Phemex NBISUSDTlong0.0000%8h233.74long leg$1.6M$954K10x
QFEX NBIS-USD+0.0034%1h233.70−0.017%$1.5M$4.0M10xas long as short
Nado NBIS-PERP+0.0035%1h233.72−0.008%$38K$115K3xas long as short
Arcus NBIS-USD+0.0040%1h233.87+0.056%$42K$132K5xas long as short
Vest NBIS-USD-PERP+0.0046%1h234.02+0.120%$216K5xas long as short
Kraken Futures PF_NBISUSD+0.0049%1h233.57−0.074%$23K$15K20xas long as short
tradeXYZ xyz:NBIS+0.0050%1h233.64−0.043%$54.5M$20.0M10xas long as short
Polymarket Perps NBIS-USD+0.0050%1h233.60−0.060%$147K$456K10xas long as short
SoDEX NBIS-USD+0.0050%1h233.73−0.004%$79$21K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h233.98+0.103%$160K$502K10xas long as short
KuCoin NBISUSDTM+0.0100%8h233.68−0.026%$481K$20K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h233.70−0.017%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h233.65−0.039%10xas long as short
Coinbase International NBIS-PERP-INTX+0.0104%1h235.56+0.779%$389K$724K10xas long as short
Lighter NBIS+0.0216%1h233.76+0.009%$912K$3.9M10xas long as short
Phoenix NBIS+0.0239%1h234.36+0.265%$7K$150K10xas long as short
Entropy io:NBIS+0.0299%1h233.88+0.060%$10.2M$3.2M10xas long as short
edgeX NBISUSDCshort+0.0607%4h234.16+0.178%$38K$225K10x