Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%

Price spread now: Variational Omni against Aster+0.075%7-day average +0.046% · you sell dearer than you buy

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.586%+$59 · spread now +0.075%, 7d avg +0.046%

Together, before fees+0.582%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$58 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.029% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NBISUSDT	231.16	0	get 0.0000% / 8h	42m 17s	$84K	$311K	50x
Short	Variational Omni NBIS	231.33	0	get 0.0000% / 8h	42m 17s	$2.8M	$595K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.075%Rate

Funding earned: $0
Price spread: +0.075% → +0.046%: $2.92
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$5.08
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 60 min ago; Variational Omni: RFQ quote, 2 min ago. 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, 60 min ago	4.12 bp	36.5 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	4.15 bp	doesn't fit	41.2 bp −$412	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
Bitget NBISUSDT	−0.0493%	8h	231.55	+0.170%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0006%	8h	231.44	+0.123%	$204K	$209K	20x	as long as short
Aster NBISUSDTlong	0.0000%	8h	231.16	long leg	$84K	$311K	50x
Extended NBIS-USD	0.0000%	1h	231.40	+0.106%	$148K	$876K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.47	+0.135%	$18.6M	$87.7M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.49	+0.145%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.47	+0.136%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.47	+0.136%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBISshort	0.0000%	8h	231.33	+0.075%	$2.8M	$595K	—
GRVT NBIS_USDT_Perp	0.0000%	8h	231.07	−0.037%	$4K	$116K	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	231.39	+0.101%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	231.14	−0.007%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.50	+0.149%	$1.6M	$966K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.06	−0.042%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.44	+0.123%	$1.5M	$3.8M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.20	+0.019%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.33	+0.075%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.15	−0.003%	$150K	$543K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.331%	$353K	$814K	10x	as long as short
edgeX NBISUSDC	+0.0061%	4h	231.25	+0.041%	$37K	$227K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.19	+0.015%	$476K	$19K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.37	+0.093%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.35	+0.082%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0131%	1h	231.31	+0.067%	$54.3M	$21.1M	10x	as long as short
SoDEX NBIS-USD	+0.0138%	1h	231.47	+0.136%	$120	$20K	10x	as long as short
Nado NBIS-PERP	+0.0143%	1h	231.19	+0.015%	$38K	$116K	3x	as long as short
Phoenix NBIS	+0.0312%	1h	231.17	+0.006%	$7K	$125K	10x	as long as short
Lighter NBIS	+0.0368%	1h	231.35	+0.084%	$937K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0381%	1h	231.09	−0.029%	$10.1M	$3.1M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0529%	1h	231.34	+0.080%	$34K	$49K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.42	+0.116%	$23K	$15K	20x	as long as short