Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0363%/8h= −39.7% APRpaid last 24h +0.015%

Price spread now: Aster against SoDEX−0.170%7-day average — · you buy dearer than you sell

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

Long on SoDEX 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

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Aster is 0.170% cheaper against SoDEX than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX NBIS-USD	233.69	0.0460	pay 0.0058% / 1h	53m 16s	$61	$19K	10x
Short	Aster NBISUSDT	233.29	0.0098	get 0.0098% / 8h	5h 53m	$75K	$312K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. 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 SoDEXbpFee AsterbpOrdersPrice spread, now −0.170%Rate

Funding earned: −$76.14
Price spread: −0.170% → 0.000%: −$17.02
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$109.16
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Aster: live order book, 56 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 SoDEX no order-book sample	—	—	—	—	—
Sell Aster live order book, 56 min ago	12.35 bp	16.5 bp −$16	1196.0 bp −$12.0K	doesn't fit	doesn't fit

SoDEX: 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 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	233.76	+0.030%	$3.3M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.75	+0.026%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.83	+0.060%	$2.3M	$4.5M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.63	−0.026%	$937	$1.4M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.21	−0.205%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.79	+0.043%	$1.6M	$969K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.74	+0.021%	—	$250K	5x	as long as short
QFEX NBIS-USD	+0.0058%	1h	233.51	−0.077%	$1.6M	$3.6M	10x	as long as short
Variational Omni NBIS	+0.0063%	8h	233.08	−0.263%	$2.9M	$637K	—	as long as short
Bybit NBISUSDT	+0.0078%	8h	233.82	+0.056%	$5.3M	$6.9M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NBIS-USD.P	+0.0090%	1h	233.32	−0.158%	$154K	$523K	10x	as long as short
Aster NBISUSDTshort	+0.0098%	8h	233.29	−0.170%	$75K	$312K	50x
KuCoin NBISUSDTM	+0.0100%	8h	233.37	−0.137%	$473K	$174K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.60	−0.039%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.56	−0.055%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	232.69	−0.428%	$381K	$877K	10x	as long as short
Extended NBIS-USD	+0.0136%	1h	233.59	−0.042%	$149K	$846K	10x	as long as short
Binance NBISUSDT	+0.0136%	8h	233.71	+0.006%	$20.4M	$90.7M	25x	as long as short
BloFin NBIS-USDT	+0.0141%	8h	233.85	+0.068%	$157K	$217K	20x	as long as short
Polymarket Perps NBIS-USD	+0.0184%	1h	233.52	−0.073%	$137K	$472K	10x	as long as short
Nado NBIS-PERP	+0.0217%	1h	233.39	−0.128%	$38K	$85K	3x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0307%	1h	233.64	−0.021%	$35K	$49K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0370%	1h	233.40	−0.122%	$22K	$11K	20x	as long as short
Phoenix NBIS	+0.0377%	1h	233.04	−0.278%	$7K	$127K	10x	as long as short
Arcus NBIS-USD	+0.0413%	1h	233.47	−0.094%	$42K	$119K	5x	as long as short
edgeX NBISUSDC	+0.0420%	4h	233.25	−0.188%	$37K	$226K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0433%	8h	233.43	−0.112%	$5K	$102K	10x	as long as short
SoDEX NBIS-USDlong	+0.0460%	1h	233.69	long leg	$61	$19K	10x
tradeXYZ xyz:NBIS	+0.0474%	1h	233.85	+0.068%	$55.3M	$19.1M	10x	as long as short
Lighter NBIS	+0.0536%	1h	233.86	+0.073%	$944K	$3.8M	10x	as long as short
Entropy io:NBIS	+0.0763%	1h	233.30	−0.167%	$10.2M	$3.0M	10x	as long as short