Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h +0.011%

Price spread now: Aster against Deribit+0.125%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Aster

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

The price spread pays, funding is against you. Aster is 0.125% dearer against Deribit than usual: you sell high and buy low (spread +0.125% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NBIS_USDC-PERPETUAL	232.01	0.0095	pay 0.0012% / 1h	2m 49s	$34K	$49K	10x
Short	Aster NBISUSDT	232.30	0	get 0.0000% / 8h	3h 02m	$78K	$309K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.125%Rate

Funding earned: −$19.93
Price spread: +0.125% → 0.000%: $12.5
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$22.43
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Aster: live order book, 49 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 Deribit no order-book sample	—	—	—	—	—
Sell Aster live order book, 49 min ago	18.55 bp	27.2 bp −$27	1051.7 bp −$10.5K	doesn't fit	doesn't fit

Deribit: 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
BloFin NBIS-USDT	−0.0004%	8h	231.97	−0.017%	$205K	$205K	20x	as long as short
Aster NBISUSDTshort	0.0000%	8h	232.30	+0.125%	$78K	$309K	50x
Extended NBIS-USD	0.0000%	1h	231.94	−0.031%	$145K	$677K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.98	−0.013%	$18.8M	$85.6M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	232.04	+0.013%	$4.9M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.91	−0.043%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.05	+0.017%	$2.7M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	231.97	−0.017%	$2.3M	$4.5M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	232.62	+0.265%	$2.9M	$552K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.41	+0.170%	$5K	$118K	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	232.07	+0.026%	$984	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	232.34	+0.142%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	232.03	+0.009%	$1.6M	$956K	10x	as long as short
Nado NBIS-PERP	+0.0008%	1h	232.10	+0.038%	$38K	$115K	3x	as long as short
QFEX NBIS-USD	+0.0034%	1h	232.00	−0.004%	$1.5M	$4.0M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	232.23	+0.095%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	232.15	+0.060%	—	$217K	5x	as long as short
Kraken Futures PF_NBISUSD	+0.0049%	1h	232.03	+0.008%	$23K	$15K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	231.87	−0.060%	$54.0M	$20.2M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.99	−0.009%	$142K	$459K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	232.01	0.000%	$107	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.20	+0.082%	$160K	$508K	10x	as long as short
Deribit NBIS_USDC-PERPETUALlong	+0.0095%	1h	232.01	long leg	$34K	$49K	10x
KuCoin NBISUSDTM	+0.0100%	8h	231.98	−0.013%	$478K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.01	0.000%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.97	−0.018%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	232.30	+0.125%	$361K	$771K	10x	as long as short
edgeX NBISUSDC	+0.0149%	4h	232.30	+0.127%	$37K	$227K	10x	as long as short
Lighter NBIS	+0.0184%	1h	231.95	−0.026%	$917K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0239%	1h	232.36	+0.151%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0295%	1h	232.17	+0.069%	$10.1M	$3.2M	10x	as long as short