Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h +0.048%

Price spread now: Aster against Arcus+0.216%7-day average +0.011% · 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−$98as in the Price arb table

costs, in and out, $10k−$1181.184% of the position

Long on Arcus Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.077%−$8 on $10k

Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.216%, 7d avg +0.011%

Together, before fees−0.179%+ Points / potential airdropAster: Stage 5 · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.205% dearer against Arcus than usual: you sell high and buy low (spread +0.216% now, against its 7-day average of +0.011%): +$21 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NBIS-USD	234.43	0.0269	pay 0.0034% / 1h	58m 57s	$44K	$134K	5x
Short	Aster NBISUSDT	234.94	0.0208	get 0.0208% / 8h	7h 58m	$81K	$308K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Arcus. 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 ArcusbpFee AsterbpOrdersPrice spread, now +0.216%Rate

Funding earned: −$12.7
Price spread: +0.216% → +0.011%: $20.52
Slippage, 4 orders: −$105.89
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$110.57
Costs to cover: 1.184%
Break-even: never at this rate

Slippage from Arcus: live order book, 14 min ago; Aster: live order book, 13 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 Arcus live order book, 14 min ago	2.98 bp	5.2 bp −$5	10.8 bp −$108	doesn't fit	doesn't fit
Sell Aster live order book, 13 min ago	10.44 bp	19.5 bp −$20	1496.2 bp −$15.0K	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
Kraken Futures PF_NBISUSD	−0.0179%	1h	234.22	−0.091%	$24K	$15K	20x	as long as short
Bybit NBISUSDT	0.0000%	8h	234.72	+0.124%	$5.1M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.91	+0.205%	$3.4M	$17.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.58	+0.064%	$2.8M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.55	+0.051%	$2.5M	$4.7M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.39	−0.017%	$1K	$1.8M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.49	+0.026%	$15K	$113K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.92	+0.209%	$1.6M	$974K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0016%	1h	234.10	−0.141%	$359K	$678K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.07	−0.154%	—	$234K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps NBIS-USD	+0.0050%	1h	234.23	−0.085%	$136K	$608K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.30	−0.055%	$9	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.21	−0.094%	$174K	$513K	10x	as long as short
QFEX NBIS-USD	+0.0051%	1h	234.02	−0.175%	$1.5M	$5.2M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.15	−0.119%	$483K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.24	−0.081%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.30	−0.057%	—	—	10x	as long as short
Variational Omni NBIS	+0.0200%	8h	234.45	+0.010%	$2.9M	$820K	—	as long as short
BloFin NBIS-USDT	+0.0204%	8h	234.36	−0.030%	$206K	$213K	20x	as long as short
Aster NBISUSDTshort	+0.0208%	8h	234.94	+0.216%	$81K	$308K	50x
GRVT NBIS_USDT_Perp	+0.0218%	8h	234.52	+0.038%	$5K	$139K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0220%	1h	234.25	−0.077%	$35K	$48K	10x	as long as short
Binance NBISUSDT	+0.0229%	8h	234.75	+0.136%	$19.4M	$86.5M	25x	as long as short
Extended NBIS-USD	+0.0232%	1h	234.75	+0.135%	$138K	$700K	10x	as long as short
Arcus NBIS-USDlong	+0.0269%	1h	234.43	long leg	$44K	$134K	5x
edgeX NBISUSDC	+0.0292%	4h	234.44	+0.006%	$38K	$232K	10x	as long as short
Phoenix NBIS	+0.0376%	1h	234.50	+0.030%	$7K	$163K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0418%	1h	234.46	+0.013%	$54.7M	$23.5M	10x	as long as short
Nado NBIS-PERP	+0.0516%	1h	234.18	−0.108%	$28K	$63K	3x	as long as short
Entropy io:NBIS	+0.0789%	1h	234.47	+0.017%	$10.2M	$3.4M	10x	as long as short
Lighter NBIS	+0.0832%	1h	234.47	+0.017%	$925K	$4.4M	10x	as long as short