Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.022%

Price spread now: Ondo Perps against Aster−0.038%47s7-day average −0.020% · you buy dearer than you sell

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

Long on Aster Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now −0.038%, 7d avg −0.020%

Together, before fees+0.008%+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NBISUSDT	234.36	0.0199	pay 0.0199% / 8h	6h 20m	$81K	$314K	50x
Short	Ondo Perps NBIS-USD.P	234.27	0.0050	get 0.0006% / 1h	20m 57s	$164K	$499K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$31.13
Price spread: −0.038% → −0.020%: −$1.8
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$45.93
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 46 min ago; Ondo Perps: 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, 46 min ago	9.54 bp	87.1 bp −$87	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 30 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
Bybit NBISUSDT	0.0000%	8h	234.17	−0.081%	$5.1M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.13	−0.098%	$3.4M	$16.4M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.14	−0.094%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.12	−0.102%	$2.4M	$4.5M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.22	−0.060%	$5K	$129K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.11	−0.106%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.06	−0.128%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.47	+0.047%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.15	−0.089%	$1.6M	$972K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	234.17	−0.081%	$1.5M	$4.6M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USD	+0.0040%	1h	234.11	−0.106%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.41	+0.022%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.11	−0.106%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.13	−0.098%	$61	$20K	10x	as long as short
Ondo Perps NBIS-USD.Pshort	+0.0050%	1h	234.27	−0.038%	$164K	$499K	10x
tradeXYZ xyz:NBIS	+0.0065%	1h	234.09	−0.115%	$54.7M	$19.9M	10x	as long as short
Nado NBIS-PERP	+0.0095%	1h	234.11	−0.105%	$67K	$95K	3x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	233.99	−0.157%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.15	−0.089%	$482K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.17	−0.081%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.15	−0.089%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	233.89	−0.200%	$383K	$714K	10x	as long as short
Variational Omni NBIS	+0.0184%	8h	234.12	−0.101%	$2.8M	$571K	—	as long as short
Aster NBISUSDTlong	+0.0199%	8h	234.36	long leg	$81K	$314K	50x
Binance NBISUSDT	+0.0216%	8h	234.14	−0.092%	$19.2M	$84.8M	25x	as long as short
Extended NBIS-USD	+0.0216%	1h	234.09	−0.116%	$150K	$701K	10x	as long as short
Lighter NBIS	+0.0256%	1h	234.18	−0.077%	$904K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	234.33	−0.013%	$7K	$152K	10x	as long as short
Entropy io:NBIS	+0.0429%	1h	234.20	−0.068%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0944%	4h	234.21	−0.064%	$38K	$226K	10x	as long as short