Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.031%

Price spread now: Aster against tradeXYZ+0.045%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1421.422% of the position

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.188%−$19 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.045%, 7d avg −0.001%

Together, before fees−0.184%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.046% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of −0.001%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NBIS	233.12	0.0050	pay 0.0006% / 1h	15m 59s	$54.3M	$20.1M	10x
Short	Aster NBISUSDT	233.22	0	get 0.0000% / 8h	3h 15m	$78K	$310K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$10.5
Price spread: +0.045% → −0.001%: $4.59
Slippage, 4 orders: −$116.23
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$148.13
Costs to cover: 1.422%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 3 min ago; Aster: live order book, 36 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 tradeXYZ live order book, 3 min ago	1.07 bp	12.6 bp −$13	16.9 bp −$169	doesn't fit	doesn't fit
Sell Aster live order book, 36 min ago	18.55 bp	27.2 bp −$27	1051.7 bp −$10.5K	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
Aster NBISUSDTshort	0.0000%	8h	233.22	+0.045%	$78K	$310K	50x
Extended NBIS-USD	0.0000%	1h	233.16	+0.019%	$146K	$648K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	233.22	+0.042%	$19.1M	$85.1M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	233.25	+0.056%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.15	+0.013%	$3.4M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.13	+0.004%	$2.7M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.25	+0.056%	$2.3M	$4.5M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	233.10	−0.007%	$2.9M	$552K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	233.38	+0.112%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.01	−0.047%	$1K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	233.51	+0.167%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.06	−0.026%	$1.6M	$954K	10x	as long as short
BloFin NBIS-USDT	+0.0007%	8h	232.95	−0.073%	$206K	$205K	20x	as long as short
Nado NBIS-PERP	+0.0020%	1h	232.92	−0.088%	$38K	$115K	3x	as long as short
QFEX NBIS-USD	+0.0034%	1h	233.15	+0.013%	$1.5M	$4.0M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	232.94	−0.077%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.21	+0.039%	—	$216K	5x	as long as short
Kraken Futures PF_NBISUSD	+0.0049%	1h	233.17	+0.020%	$23K	$15K	20x	as long as short
tradeXYZ xyz:NBISlong	+0.0050%	1h	233.12	long leg	$54.3M	$20.1M	10x
Polymarket Perps NBIS-USD	+0.0050%	1h	233.05	−0.030%	$147K	$456K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	232.96	−0.069%	$103	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.01	−0.047%	$160K	$500K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.05	−0.030%	$480K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.03	−0.039%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.96	−0.071%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	232.88	−0.103%	$361K	$767K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0179%	1h	233.03	−0.039%	$35K	$49K	10x	as long as short
Lighter NBIS	+0.0224%	1h	233.12	0.000%	$924K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0239%	1h	232.87	−0.107%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0287%	1h	233.07	−0.021%	$10.1M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0340%	4h	233.36	+0.103%	$37K	$227K	10x	as long as short