Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0005%/8h= −0.5% APRpaid last 24h +0.037%

Price spread now: Aster against Extended−0.084%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$760.763% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 4 days (all we have)+0.145%+$15 · spread now −0.084%, 7d avg +0.032%

Together, before fees+0.173%+ Points / potential airdropExtended: Active · Aster: 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 0.116% cheaper against Extended than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NBIS-USD	233.73	0.0040	pay 0.0005% / 1h	30m 31s	$141K	$697K	10x
Short	Aster NBISUSDT	233.53	0.0035	get 0.0035% / 8h	1h 30m	$79K	$304K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$0.96
Price spread: −0.084% → +0.032%: −$11.59
Slippage, 4 orders: −$63.34
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$88.9
Costs to cover: 0.763%
Break-even: never at this rate

Slippage from Extended: live order book, 53 min ago; Aster: live order book, 51 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 Extended live order book, 53 min ago	1.93 bp	12.2 bp −$12	102.4 bp −$1,024	doesn't fit	doesn't fit
Sell Aster live order book, 51 min ago	3.86 bp	10.1 bp −$10	1528.4 bp −$15.3K	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
Bybit NBISUSDT	0.0000%	8h	233.77	+0.018%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.65	−0.033%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.71	−0.007%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.72	−0.003%	$2.5M	$4.8M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	233.67	−0.025%	$2.8M	$825K	—	as long as short
SunX NBIS-USDT	0.0000%	8h	233.84	+0.048%	$849	$1.8M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	233.73	+0.001%	$35K	$47K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.80	+0.031%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.76	+0.014%	$1.6M	$965K	10x	as long as short
Aster NBISUSDTshort	+0.0035%	8h	233.53	−0.084%	$79K	$304K	50x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0038%	1h	233.74	+0.006%	$1.5M	$5.1M	10x	as long as short
Binance NBISUSDT	+0.0039%	8h	233.78	+0.021%	$19.4M	$86.9M	25x	as long as short
Extended NBIS-USDlong	+0.0040%	1h	233.73	long leg	$141K	$697K	10x
Arcus NBIS-USD	+0.0040%	1h	233.73	+0.001%	$44K	$133K	5x	as long as short
BloFin NBIS-USDT	+0.0043%	8h	233.77	+0.018%	$205K	$213K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0044%	8h	233.70	−0.011%	$5K	$144K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.87	+0.061%	—	$234K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.76	+0.014%	$148K	$657K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.73	+0.001%	$42	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.83	+0.044%	$173K	$499K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0072%	1h	232.99	−0.315%	$356K	$698K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.49	−0.101%	$481K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.76	+0.014%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.76	+0.013%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0192%	1h	233.77	+0.018%	$54.5M	$23.5M	10x	as long as short
Lighter NBIS	+0.0216%	1h	233.82	+0.040%	$934K	$4.6M	10x	as long as short
Nado NBIS-PERP	+0.0220%	1h	233.72	−0.005%	$28K	$63K	3x	as long as short
Entropy io:NBIS	+0.0261%	1h	233.74	+0.006%	$10.2M	$3.3M	10x	as long as short
Phoenix NBIS	+0.0343%	1h	233.78	+0.023%	$7K	$185K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0346%	1h	233.58	−0.062%	$24K	$13K	20x	as long as short
edgeX NBISUSDC	+0.0916%	4h	233.85	+0.054%	$37K	$235K	10x	as long as short