Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.021%

Price spread now: SoDEX against Aster−0.062%7-day average — · you buy dearer than you sell

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

Long on Aster Short on SoDEX

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

Funding pays, the price is against you. SoDEX is 0.062% cheaper against Aster than usual: you would sell low and buy high (spread −0.062% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 4.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NBISUSDT	227.29	0	get 0.0000% / 8h	7h 26m	$80K	$320K	50x
Short	SoDEX NBIS-USD	227.15	0.0050	get 0.0006% / 1h	26m 44s	$64	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.062%Rate

Funding earned: $10.5
Price spread: −0.062% → 0.000%: −$6.16
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$11.66
Costs to cover: 0.160%
Break-even: 14.8 days

Slippage unknown: Aster: live order book, 5 min ago; SoDEX: 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, 5 min ago	3.08 bp	17.6 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 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
Bitget NBISUSDT	−0.0235%	8h	227.44	+0.066%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0025%	8h	227.52	+0.101%	$202K	$212K	20x	as long as short
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	226.87	−0.185%	$352K	$801K	10x	as long as short
Aster NBISUSDTlong	0.0000%	8h	227.29	long leg	$80K	$320K	50x
Extended NBIS-USD	0.0000%	1h	227.50	+0.092%	$145K	$854K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	227.43	+0.062%	$18.2M	$89.5M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	227.45	+0.070%	$4.8M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	227.35	+0.026%	$3.2M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	227.58	+0.128%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	227.51	+0.098%	$2.8M	$596K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NBIS_USDT_Perp	0.0000%	8h	227.49	+0.088%	$4K	$113K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	227.36	+0.031%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	227.07	−0.097%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	227.54	+0.110%	$1.5M	$971K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	227.27	−0.009%	$41K	$124K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	226.96	−0.145%	—	$246K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	227.23	−0.026%	$135K	$466K	10x	as long as short
SoDEX NBIS-USDshort	+0.0050%	1h	227.15	−0.062%	$64	$20K	10x
Ondo Perps NBIS-USD.P	+0.0050%	1h	226.75	−0.238%	$146K	$532K	10x	as long as short
Nado NBIS-PERP	+0.0063%	1h	227.19	−0.042%	$38K	$116K	3x	as long as short
QFEX NBIS-USD	+0.0064%	1h	227.33	+0.018%	$1.5M	$3.7M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0080%	1h	227.42	+0.057%	$53.0M	$21.5M	10x	as long as short
Lighter NBIS	+0.0096%	1h	227.40	+0.048%	$905K	$4.1M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	227.30	+0.004%	$467K	$68K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	227.15	−0.062%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	227.18	−0.050%	—	—	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0190%	1h	227.40	+0.048%	$34K	$49K	10x	as long as short
Phoenix NBIS	+0.0277%	1h	227.02	−0.119%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0297%	1h	227.26	−0.013%	$9.9M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0686%	1h	227.43	+0.060%	$22K	$16K	20x	as long as short
edgeX NBISUSDC	+0.0926%	4h	227.34	+0.022%	$37K	$228K	10x	as long as short