Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.034%

Price spread now: Aster against Bybit+0.134%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$550.553% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)−0.131%−$13 · spread now +0.134%, 7d avg 0.000%

Together, before fees−0.165%+ Points / potential airdropAster: Stage 5 · farm board−$17 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: Aster is 0.134% dearer against Bybit than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NBISUSDT	229.58	0	get 0.0000% / 8h	7h 53m	$4.9M	$6.6M	50x
Short	Aster NBISUSDT	229.89	0	get 0.0000% / 8h	7h 53m	$84K	$311K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.134%Rate

Funding earned: $0
Price spread: +0.134% → 0.000%: $13.39
Slippage, 4 orders: −$36.32
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$41.93
Costs to cover: 0.553%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Aster: live order book, 44 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 Bybit live order book, 4 min ago	1.74 bp	11.9 bp −$12	70.7 bp −$707	doesn't fit	doesn't fit
Sell Aster live order book, 44 min ago	3.24 bp	12.4 bp −$12	519.6 bp −$5,196	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
GRVT NBIS_USDT_Perp	−0.0471%	8h	229.46	−0.052%	$4K	$115K	10x	as long as short
Bitget NBISUSDT	−0.0345%	8h	229.69	+0.048%	$2.3M	$4.5M	20x	as long as short
Ondo Perps NBIS-USD.P	−0.0187%	1h	229.25	−0.144%	$150K	$538K	10x	as long as short
SoDEX NBIS-USD	−0.0163%	1h	228.93	−0.283%	$64	$20K	10x	as long as short
HTX NBIS-USDT	−0.0104%	8h	230.61	+0.449%	$15K	$57K	20x	as long as short
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	230.90	+0.575%	$357K	$810K	10x	as long as short
Aster NBISUSDTshort	0.0000%	8h	229.89	+0.134%	$84K	$311K	50x
Extended NBIS-USD	0.0000%	1h	229.53	−0.023%	$143K	$876K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	229.75	+0.074%	$18.7M	$88.0M	25x	as long as short
Bybit NBISUSDTlong	0.0000%	8h	229.58	long leg	$4.9M	$6.6M	50x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NBIS-USDT-SWAP	0.0000%	8h	229.67	+0.039%	$3.3M	$15.8M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	229.42	−0.070%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.22	+0.280%	$2.8M	$582K	—	as long as short
SunX NBIS-USDT	0.0000%	8h	229.01	−0.248%	$1K	$1.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	228.74	−0.366%	$34K	$49K	10x	as long as short
Phemex NBISUSDT	0.0000%	8h	229.00	−0.253%	$1.5M	$972K	10x	as long as short
BloFin NBIS-USDT	+0.0008%	8h	229.50	−0.035%	$204K	$213K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	229.37	−0.091%	$42K	$124K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	229.42	−0.070%	—	$224K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	229.60	+0.009%	$53.6M	$21.3M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	229.19	−0.170%	$136K	$466K	10x	as long as short
QFEX NBIS-USD	+0.0064%	1h	229.47	−0.048%	$1.5M	$3.7M	10x	as long as short
Lighter NBIS	+0.0072%	1h	229.52	−0.026%	$916K	$3.9M	10x	as long as short
Nado NBIS-PERP	+0.0096%	1h	228.62	−0.420%	$38K	$116K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	229.59	+0.004%	$472K	$41K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	229.07	−0.222%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	228.98	−0.263%	—	—	10x	as long as short
Phoenix NBIS	+0.0277%	1h	228.94	−0.279%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0289%	1h	229.90	+0.139%	$10.0M	$3.1M	10x	as long as short
edgeX NBISUSDC	+0.0386%	4h	229.57	−0.003%	$37K	$226K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0681%	1h	228.97	−0.266%	$23K	$15K	20x	as long as short