Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.021%

Price spread now: Aster against Nado+0.044%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$940.941% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.044%, 7d avg +0.012%

Together, before fees−0.170%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.032% dearer against Nado than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of +0.012%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 4 days (−0.009% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NBIS-PERP	230.06	0.0132	pay 0.0016% / 1h	1m 50s	$38K	$116K	3x
Short	Aster NBISUSDT	230.16	0	get 0.0000% / 8h	7h 01m	$74K	$320K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$27.71
Price spread: +0.044% → +0.012%: $3.24
Slippage, 4 orders: −$79.15
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$118.63
Costs to cover: 0.941%
Break-even: never at this rate

Slippage from Nado: live order book, 27 min ago; Aster: live order book, 30 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 Nado live order book, 27 min ago	12.56 bp	28.6 bp −$29	112.3 bp −$1,123	doesn't fit	doesn't fit
Sell Aster live order book, 30 min ago	3.08 bp	11.1 bp −$11	1394.2 bp −$13.9K	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	−0.0084%	8h	230.48	+0.182%	$2.3M	$4.6M	20x	as long as short
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	230.78	+0.312%	$382K	$869K	10x	as long as short
Aster NBISUSDTshort	0.0000%	8h	230.16	+0.044%	$74K	$320K	50x
OKX NBIS-USDT-SWAP	0.0000%	8h	230.44	+0.165%	$3.3M	$16.4M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.49	+0.186%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.53	+0.205%	$2.8M	$598K	—	as long as short
SunX NBIS-USDT	0.0000%	8h	230.17	+0.047%	$1K	$1.6M	10x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.39	+0.143%	$1.5M	$971K	10x	as long as short
BloFin NBIS-USDT	+0.0008%	8h	230.34	+0.121%	$200K	$214K	20x	as long as short
Extended NBIS-USD	+0.0032%	1h	230.47	+0.176%	$144K	$856K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NBISUSDT	+0.0036%	8h	230.53	+0.204%	$18.5M	$90.1M	25x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.33	+0.117%	$42K	$124K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.34	+0.121%	—	$246K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.42	+0.156%	$137K	$467K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.33	+0.117%	$149K	$539K	10x	as long as short
QFEX NBIS-USD	+0.0064%	1h	230.39	+0.143%	$1.5M	$3.7M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.35	+0.125%	$473K	$95K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.37	+0.134%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.33	+0.117%	—	—	10x	as long as short
Nado NBIS-PERPlong	+0.0132%	1h	230.06	long leg	$38K	$116K	3x
HTX NBIS-USDT	+0.0185%	8h	230.48	+0.182%	$13K	$62K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0187%	1h	230.38	+0.139%	$53.9M	$21.9M	10x	as long as short
Bybit NBISUSDT	+0.0246%	8h	230.48	+0.182%	$4.8M	$6.8M	50x	as long as short
Lighter NBIS	+0.0248%	1h	230.46	+0.173%	$924K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0277%	1h	230.48	+0.182%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0412%	1h	230.30	+0.104%	$10.0M	$3.2M	10x	as long as short
SoDEX NBIS-USD	+0.0415%	1h	230.35	+0.125%	$78	$20K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0619%	1h	230.44	+0.165%	$34K	$50K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0677%	1h	230.41	+0.150%	$22K	$16K	20x	as long as short
edgeX NBISUSDC	+0.0741%	4h	230.53	+0.203%	$37K	$227K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0765%	8h	230.54	+0.208%	$5K	$114K	10x	as long as short