Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0024%/8h= +2.7% APRpaid last 24h −0.025%

Price spread now: QFEX against Aster−0.055%53s7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1301.298% of the position

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.077%−$8 on $10k

Price spread, last 4 days (all we have)−0.078%−$8 · spread now −0.055%, 7d avg −0.011%

Together, before fees−0.155%+ Points / potential airdropAster: Stage 5 · farm board−$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.044% cheaper against Aster than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of −0.011%). If the spread goes back, that is −$4 on $10k: about 6.0 days of funding at the current rate (+$1 a day). Mind the row above: over the last 4 days funding on this pair cost −0.077%, so the current rate has only just turned in your favour. The two prices were read 53 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	230.92	0.0030	pay 0.0030% / 8h	6h 19m	$74K	$315K	50x
Short	QFEX NBIS-USD	230.79	0.0054	get 0.0007% / 1h	19m 39s	$1.5M	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.055%Rate

Funding earned: $5.09
Price spread: −0.055% → −0.011%: −$4.39
Slippage, 4 orders: −$111.77
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$129.08
Costs to cover: 1.298%
Break-even: 184.6 days

Slippage from Aster: live order book, 30 min ago; QFEX: live order book, 7 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, 30 min ago	12.35 bp	96.8 bp −$97	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	3.25 bp	8.2 bp −$8	11.9 bp −$119	doesn't fit	doesn't fit

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
Deribit NBIS_USDC-PERPETUAL	−0.0053%	1h	230.79	−0.055%	$34K	$50K	10x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.82	−0.042%	$3.3M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.90	−0.007%	$2.7M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	230.78	−0.059%	$2.3M	$4.7M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.86	−0.025%	$1K	$1.5M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.79	−0.055%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.92	+0.001%	$1.6M	$970K	10x	as long as short
Variational Omni NBIS	+0.0010%	8h	230.73	−0.080%	$2.8M	$642K	—	as long as short
Aster NBISUSDTlong	+0.0030%	8h	230.92	long leg	$74K	$315K	50x
Bybit NBISUSDT	+0.0032%	8h	230.82	−0.042%	$4.9M	$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
BloFin NBIS-USDT	+0.0042%	8h	230.77	−0.064%	$205K	$219K	20x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.99	+0.032%	—	$250K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.81	−0.046%	$138K	$472K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.84	−0.033%	$65	$19K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.68	−0.103%	$151K	$538K	10x	as long as short
QFEX NBIS-USDshort	+0.0054%	1h	230.79	−0.055%	$1.5M	$3.7M	10x
Binance NBISUSDT	+0.0062%	8h	230.88	−0.017%	$19.6M	$91.5M	25x	as long as short
Extended NBIS-USD	+0.0064%	1h	230.85	−0.029%	$145K	$854K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0088%	1h	230.69	−0.098%	$380K	$873K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.71	−0.090%	$468K	$144K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.91	−0.003%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.88	−0.014%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0140%	1h	230.77	−0.061%	$38K	$116K	3x	as long as short
Arcus NBIS-USD	+0.0257%	1h	230.71	−0.090%	$42K	$122K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0302%	1h	230.78	−0.059%	$54.2M	$20.4M	10x	as long as short
Phoenix NBIS	+0.0347%	1h	230.98	+0.027%	$7K	$127K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0353%	8h	230.77	−0.064%	$5K	$104K	10x	as long as short
Lighter NBIS	+0.0400%	1h	230.84	−0.033%	$934K	$4.1M	10x	as long as short
Entropy io:NBIS	+0.0656%	1h	230.76	−0.068%	$10.1M	$3.1M	10x	as long as short
edgeX NBISUSDC	+0.0705%	4h	230.90	−0.009%	$37K	$226K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0770%	1h	230.69	−0.098%	$22K	$11K	20x	as long as short