Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.037%

Price spread now: Coinbase International against Aster+0.025%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$142as in the Price arb table

costs, in and out, $10k−$1351.347% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.379%+$38 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.025%, 7d avg +0.095%

Together, before fees+0.409%+ Points / potential airdropAster: Stage 5 · farm board+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.070% cheaper against Aster than usual: you would sell low and buy high (spread +0.025% now, against its 7-day average of +0.095%). If the spread goes back, that is −$7 on $10k: about 2.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NBISUSDT	232.24	0	get 0.0000% / 8h	3h 02m	$78K	$309K	50x
Short	Coinbase International NBIS-PERP-INTX	232.30	0.0104	get 0.0013% / 1h	2m 12s	$361K	$771K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now +0.025%Rate

Funding earned: $21.84
Price spread: +0.025% → +0.095%: −$7.04
Slippage, 4 orders: −$116.7
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$119.89
Costs to cover: 1.347%
Break-even: 45.4 days

Slippage from Aster: live order book, 50 min ago; Coinbase International: live order book, 51 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 Aster live order book, 50 min ago	18.55 bp	90.7 bp −$91	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 51 min ago	2.99 bp	8.0 bp −$8	16.8 bp −$168	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
BloFin NBIS-USDT	−0.0004%	8h	231.97	−0.117%	$205K	$205K	20x	as long as short
Aster NBISUSDTlong	0.0000%	8h	232.24	long leg	$78K	$309K	50x
Extended NBIS-USD	0.0000%	1h	231.78	−0.199%	$153K	$698K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.81	−0.185%	$18.8M	$85.6M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.88	−0.156%	$4.9M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.79	−0.195%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.03	−0.091%	$2.7M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	231.91	−0.143%	$2.3M	$4.5M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	232.62	+0.164%	$2.9M	$552K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.41	+0.070%	$5K	$118K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	231.92	−0.139%	$965	$1.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	231.75	−0.212%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	232.34	+0.042%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.89	−0.152%	$1.6M	$956K	10x	as long as short
Nado NBIS-PERP	+0.0006%	1h	231.98	−0.113%	$38K	$115K	3x	as long as short
QFEX NBIS-USD	+0.0034%	1h	231.95	−0.126%	$1.5M	$4.0M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	232.10	−0.061%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	232.02	−0.096%	—	$217K	5x	as long as short
Kraken Futures PF_NBISUSD	+0.0049%	1h	231.86	−0.166%	$23K	$15K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	231.80	−0.190%	$54.0M	$20.2M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.81	−0.186%	$142K	$459K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	231.84	−0.173%	$107	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.20	−0.018%	$160K	$508K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.89	−0.152%	$478K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.84	−0.173%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.81	−0.187%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTXshort	+0.0104%	1h	232.30	+0.025%	$361K	$771K	10x
edgeX NBISUSDC	+0.0149%	4h	232.30	+0.027%	$37K	$227K	10x	as long as short
Lighter NBIS	+0.0184%	1h	231.85	−0.169%	$916K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0239%	1h	232.36	+0.051%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0295%	1h	232.17	−0.031%	$10.1M	$3.2M	10x	as long as short