Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h +0.021%

Price spread now: Kraken Futures against Aster+0.022%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.022% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NBISUSDT	233.23	0.0094	pay 0.0094% / 8h	5h 54m	$75K	$312K	50x
Short	Kraken Futures PF_NBISUSD	233.29	0.0370	get 0.0046% / 1h	54m 28s	$22K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.022%Rate

Funding earned: $57.88
Price spread: +0.022% → 0.000%: $2.24
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $42.12
Costs to cover: 0.180%
Break-even: 1.9 days

Slippage unknown: Aster: live order book, 55 min ago; Kraken Futures: no order-book sample. 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 Aster live order book, 55 min ago	12.35 bp	96.8 bp −$97	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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 exchanges

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
OKX NBIS-USDT-SWAP	0.0000%	8h	233.51	+0.119%	$3.3M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.47	+0.102%	$2.8M	$4.9M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.61	+0.162%	$2.3M	$4.5M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.24	+0.003%	$1K	$1.4M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.21	−0.010%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.37	+0.059%	$1.6M	$969K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.71	+0.204%	—	$250K	5x	as long as short
QFEX NBIS-USD	+0.0058%	1h	233.55	+0.136%	$1.6M	$3.6M	10x	as long as short
Variational Omni NBIS	+0.0063%	8h	233.08	−0.068%	$2.9M	$637K	—	as long as short
Bybit NBISUSDT	+0.0070%	8h	233.70	+0.200%	$5.2M	$6.8M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit NBIS_USDC-PERPETUAL	+0.0093%	1h	233.38	+0.063%	$35K	$49K	10x	as long as short
Aster NBISUSDTlong	+0.0094%	8h	233.23	long leg	$75K	$312K	50x
KuCoin NBISUSDTM	+0.0100%	8h	233.20	−0.014%	$473K	$174K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.44	+0.089%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.39	+0.068%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	232.69	−0.233%	$381K	$877K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0113%	1h	233.32	+0.037%	$154K	$523K	10x	as long as short
Extended NBIS-USD	+0.0128%	1h	233.43	+0.084%	$149K	$846K	10x	as long as short
Binance NBISUSDT	+0.0132%	8h	233.54	+0.132%	$20.4M	$90.7M	25x	as long as short
BloFin NBIS-USDT	+0.0145%	8h	233.28	+0.020%	$157K	$216K	20x	as long as short
Polymarket Perps NBIS-USD	+0.0167%	1h	233.57	+0.144%	$140K	$472K	10x	as long as short
Nado NBIS-PERP	+0.0217%	1h	233.33	+0.040%	$38K	$85K	3x	as long as short
Phoenix NBIS	+0.0347%	1h	233.04	−0.083%	$7K	$127K	10x	as long as short
Kraken Futures PF_NBISUSDshort	+0.0370%	1h	233.29	+0.022%	$22K	$11K	20x
SoDEX NBIS-USD	+0.0371%	1h	233.45	+0.093%	$65	$19K	10x	as long as short
Arcus NBIS-USD	+0.0413%	1h	233.51	+0.119%	$42K	$119K	5x	as long as short
edgeX NBISUSDC	+0.0420%	4h	233.25	+0.007%	$37K	$226K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0422%	8h	233.30	+0.030%	$4K	$102K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0457%	1h	233.59	+0.153%	$55.2M	$19.1M	10x	as long as short
Lighter NBIS	+0.0480%	1h	233.57	+0.144%	$943K	$3.8M	10x	as long as short
Entropy io:NBIS	+0.0737%	1h	233.20	−0.014%	$10.2M	$3.0M	10x	as long as short