Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h +0.024%

Price spread now: Aster against Vest−0.017%7-day average −0.489% · you buy dearer than you sell

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

Long on Vest Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.052%+$5 on $10k

Price spread, last 3 days (all we have)−0.049%−$5 · spread now −0.017%, 7d avg −0.489%

Together, before fees+0.002%+ Points / potential airdropVest: Active · Aster: Stage 5 · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Aster is 0.472% dearer against Vest than usual: you sell high and buy low: +$47 more if the spread goes back to its 7-day average of −0.489%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.052% in total (about 5.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NBIS-USD-PERP	235.75	0.0046	pay 0.0006% / 1h	33m 55s	—	$224K	5x
Short	Aster NBISUSDT	235.71	0.0234	get 0.0234% / 8h	7h 33m	$81K	$308K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Vest. 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 VestbpFee AsterbpOrdersPrice spread, now −0.017%Rate

Funding earned: $39.51
Price spread: −0.017% → −0.489%: $47.2
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Aster: 4 bp × 2 orders: −$8
Net: $76.71
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Aster: live order book, 38 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 Vest no order-book sample	—	—	—	—	—
Sell Aster live order book, 38 min ago	10.44 bp	19.5 bp −$20	1496.2 bp −$15.0K	doesn't fit	doesn't fit

Vest: 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 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
Kraken Futures PF_NBISUSD	−0.0179%	1h	235.17	−0.248%	$24K	$15K	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.38	−0.157%	$3.4M	$16.8M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.41	−0.144%	$2.8M	$5.1M	50x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.47	−0.119%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.54	−0.089%	$15K	$112K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.56	−0.081%	$1.6M	$973K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0016%	1h	236.05	+0.127%	$386K	$739K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.52	−0.098%	$1.5M	$5.0M	10x	as long as short
Bitget NBISUSDT	+0.0042%	8h	235.49	−0.110%	$2.5M	$4.7M	20x	as long as short
Vest NBIS-USD-PERPlong	+0.0046%	1h	235.75	long leg	—	$224K	5x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.41	−0.144%	$175K	$505K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.32	−0.182%	$485K	$23K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.56	−0.081%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.54	−0.091%	—	—	10x	as long as short
Bybit NBISUSDT	+0.0120%	8h	235.49	−0.110%	$5.1M	$6.5M	50x	as long as short
SoDEX NBIS-USD	+0.0125%	1h	235.49	−0.110%	$33	$20K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0175%	1h	235.43	−0.136%	$35K	$48K	10x	as long as short
Nado NBIS-PERP	+0.0179%	1h	235.36	−0.166%	$29K	$63K	3x	as long as short
Variational Omni NBIS	+0.0225%	8h	235.53	−0.094%	$2.9M	$820K	—	as long as short
Aster NBISUSDTshort	+0.0234%	8h	235.71	−0.017%	$81K	$308K	50x
BloFin NBIS-USDT	+0.0249%	8h	235.50	−0.106%	$207K	$212K	20x	as long as short
Extended NBIS-USD	+0.0256%	1h	235.41	−0.143%	$151K	$986K	10x	as long as short
Binance NBISUSDT	+0.0256%	8h	235.44	−0.131%	$19.5M	$85.7M	25x	as long as short
Lighter NBIS	+0.0288%	1h	235.46	−0.123%	$926K	$4.5M	10x	as long as short
Arcus NBIS-USD	+0.0366%	1h	235.44	−0.131%	$44K	$132K	5x	as long as short
GRVT NBIS_USDT_Perp	+0.0368%	8h	235.42	−0.138%	$5K	$136K	10x	as long as short
Phoenix NBIS	+0.0409%	1h	235.75	0.000%	$7K	$163K	10x	as long as short
Polymarket Perps NBIS-USD	+0.0416%	1h	235.51	−0.102%	$135K	$433K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0524%	1h	235.44	−0.131%	$55.1M	$23.6M	10x	as long as short
edgeX NBISUSDC	+0.0863%	4h	235.35	−0.169%	$38K	$228K	10x	as long as short
Entropy io:NBIS	+0.0883%	1h	235.45	−0.127%	$10.3M	$3.4M	10x	as long as short