NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0224%/8h= +24.5% APRnext payment +$2.24 per $10,000 · paid last 24h +0.038%

Price spread now: Aster against Phemex+0.297%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$207as in the Funding arb table

Net, price: spread back to 7d avg − costs−$189as in the Price arb table

costs, in and out, $10k−$2202.205% of the position

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.130%+$13 on $10k

Price spread, last 4 days (all we have)−0.259%−$26 · spread now +0.297%, 7d avg −0.016%

Together, before fees−0.129%+ Points / potential airdropAster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Aster is 0.314% dearer against Phemex than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of −0.016%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.130% in total (about 6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.24 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NBISUSDT	232.73	0	get 0.0000% / 8h	4h 48m	$1.6M	$968K	10x
Short	Aster NBISUSDT	233.42	0.0224	get 0.0224% / 8h	4h 48m	$81K	$314K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now +0.297%Rate

Funding earned: $47.05
Price spread: +0.297% → −0.016%: $31.38
Slippage, 4 orders: −$200.45
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$142.03
Costs to cover: 2.205%
Break-even: 28.1 days

Slippage from Phemex: live order book, 2 min ago; Aster: live order book, 56 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 Phemex live order book, 2 min ago	1.28 bp	40.2 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 56 min ago	14.95 bp	23.0 bp −$23	236.0 bp −$2,360	doesn't fit	doesn't fit

NBIS on 31 exchanges

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
OKX NBIS-USDT-SWAP	0.0000%	8h	232.90	+0.073%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.67	−0.026%	$2.7M	$4.8M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	232.73	0.000%	$2.2M	$4.4M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	232.83	+0.043%	$955	$1.4M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.07	+0.146%	$12K	$61K	20x	as long as short
Phemex NBISUSDTlong	0.0000%	8h	232.73	long leg	$1.6M	$968K	10x
Kraken Futures PF_NBISUSD	+0.0039%	1h	232.48	−0.109%	$22K	$10K	20x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	232.74	+0.004%	$1K	$20K	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	232.61	−0.052%	$129K	$478K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.43	−0.129%	$150K	$519K	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0052%	1h	232.98	+0.107%	—	$250K	5x	as long as short
QFEX NBIS-USD	+0.0053%	1h	232.63	−0.043%	$1.6M	$3.6M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.68	−0.021%	$472K	$247K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.82	+0.039%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.53	−0.085%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0162%	1h	232.37	−0.153%	$38K	$68K	3x	as long as short
edgeX NBISUSDC	+0.0168%	4h	233.45	+0.309%	$31K	$234K	10x	as long as short
Variational Omni NBIS	+0.0198%	8h	233.48	+0.321%	$2.9M	$623K	—	as long as short
Bybit NBISUSDT	+0.0221%	8h	232.96	+0.099%	$5.4M	$6.9M	50x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0224%	1h	234.06	+0.571%	$383K	$861K	10x	as long as short
Aster NBISUSDTshort	+0.0224%	8h	233.42	+0.297%	$81K	$314K	50x
Extended NBIS-USD	+0.0248%	1h	232.73	+0.001%	$146K	$1.0M	10x	as long as short
Binance NBISUSDT	+0.0252%	8h	232.94	+0.090%	$20.5M	$90.4M	25x	as long as short
BloFin NBIS-USDT	+0.0256%	8h	232.60	−0.056%	$207K	$216K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0267%	1h	232.44	−0.125%	$36K	$50K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0367%	1h	232.59	−0.060%	$55.6M	$18.9M	10x	as long as short
Lighter NBIS	+0.0376%	1h	232.65	−0.034%	$941K	$3.7M	10x	as long as short
Phoenix NBIS	+0.0444%	1h	233.23	+0.215%	$7K	$117K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0476%	8h	233.48	+0.321%	$4K	$101K	10x	as long as short
Entropy io:NBIS	+0.0711%	1h	232.95	+0.095%	$10.1M	$2.9M	10x	as long as short
Arcus NBIS-USD	+0.0870%	1h	232.47	−0.112%	$43K	$117K	5x	as long as short