Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0216%/8h= +23.7% APRpaid last 24h +0.146%

Price spread now: edgeX against SoDEX−0.028%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 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 0.028% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 10 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX NBIS-USD	231.36	0.0116	pay 0.0014% / 1h	32m 54s	$97	$20K	10x
Short	edgeX NBISUSDC	231.30	0.0332	get 0.0166% / 4h	32m 54s	$37K	$227K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SoDEX. 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 SoDEXbpFee edgeXbpOrdersPrice spread, now −0.028%Rate

Funding earned: $45.42
Price spread: −0.028% → 0.000%: −$2.76
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $25.67
Costs to cover: 0.170%
Break-even: 3.0 days

Slippage unknown: SoDEX: no order-book sample; edgeX: live order book, 4 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 SoDEX no order-book sample	—	—	—	—	—
Sell edgeX live order book, 4 min ago	6.05 bp	15.9 bp −$16	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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
Bitget NBISUSDT	−0.0432%	8h	231.38	+0.009%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.37	+0.005%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.33	−0.014%	$148K	$876K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.39	+0.013%	$18.7M	$87.8M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.35	−0.004%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.30	−0.026%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.37	+0.004%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.17	−0.082%	$2.8M	$594K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.32	−0.017%	$4K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.36	0.000%	$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	231.45	+0.039%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.36	0.000%	$1.6M	$969K	10x	as long as short
BloFin NBIS-USDT	+0.0011%	8h	231.41	+0.022%	$204K	$209K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.16	−0.086%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.49	+0.056%	$1.5M	$3.8M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.30	−0.026%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.36	0.000%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.06	−0.130%	$150K	$543K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.419%	$353K	$805K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.18	−0.078%	$477K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.43	+0.030%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.32	−0.015%	—	—	10x	as long as short
SoDEX NBIS-USDlong	+0.0116%	1h	231.36	long leg	$97	$20K	10x
tradeXYZ xyz:NBIS	+0.0151%	1h	231.24	−0.052%	$54.3M	$21.1M	10x	as long as short
Nado NBIS-PERP	+0.0173%	1h	231.14	−0.094%	$38K	$116K	3x	as long as short
Phoenix NBIS	+0.0312%	1h	231.13	−0.099%	$7K	$125K	10x	as long as short
edgeX NBISUSDCshort	+0.0332%	4h	231.30	−0.028%	$37K	$227K	10x
Lighter NBIS	+0.0352%	1h	231.29	−0.030%	$933K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0440%	1h	231.28	−0.035%	$10.1M	$3.1M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0442%	1h	231.36	0.000%	$34K	$49K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.37	+0.005%	$23K	$15K	20x	as long as short