Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h +0.004%

Price spread now: Aster against Arcus+0.017%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−$124as in the Price arb table

costs, in and out, $10k−$1251.250% of the position

Long on Arcus Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.064%−$6 on $10k

Price spread, last 4 days (all we have)+0.205%+$20 · spread now +0.017%, 7d avg +0.012%

Together, before fees+0.141%+ Points / potential airdropAster: Stage 5 · farm board+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.064%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NBIS-USD	234.53	0.0040	pay 0.0005% / 1h	28m 25s	$43K	$132K	5x
Short	Aster NBISUSDT	234.57	0.0122	get 0.0122% / 8h	5h 28m	$81K	$307K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Arcus. 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 ArcusbpFee AsterbpOrdersPrice spread, now +0.017%Rate

Funding earned: $17.2
Price spread: +0.017% → +0.012%: $0.47
Slippage, 4 orders: −$112.46
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$107.28
Costs to cover: 1.250%
Break-even: 50.7 days

Slippage from Arcus: live order book, 35 min ago; Aster: live order book, 34 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 Arcus live order book, 35 min ago	4.70 bp	7.5 bp −$8	17.0 bp −$170	doesn't fit	doesn't fit
Sell Aster live order book, 34 min ago	11.74 bp	18.3 bp −$18	1364.1 bp −$13.6K	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
Nado NBIS-PERP	−0.0008%	1h	234.28	−0.108%	$65K	$98K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	234.48	−0.021%	$5.0M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.38	−0.064%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.51	−0.009%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.49	−0.017%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.85	+0.134%	$4K	$127K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.73	+0.085%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.72	+0.081%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.74	+0.090%	$1.6M	$963K	10x	as long as short
QFEX NBIS-USD	+0.0023%	1h	234.51	−0.009%	$1.5M	$4.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USDlong	+0.0040%	1h	234.53	long leg	$43K	$132K	5x
Vest NBIS-USD-PERP	+0.0046%	1h	234.72	+0.081%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.45	−0.034%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.50	−0.013%	$38	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.70	+0.072%	$164K	$499K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0071%	1h	234.46	−0.030%	$54.9M	$19.7M	10x	as long as short
Variational Omni NBIS	+0.0095%	8h	234.77	+0.101%	$2.9M	$569K	—	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.22	−0.132%	$483K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.45	−0.034%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.41	−0.050%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	233.53	−0.426%	$382K	$712K	10x	as long as short
BloFin NBIS-USDT	+0.0109%	8h	234.77	+0.102%	$206K	$204K	20x	as long as short
Aster NBISUSDTshort	+0.0122%	8h	234.57	+0.017%	$81K	$307K	50x
Extended NBIS-USD	+0.0128%	1h	234.43	−0.041%	$146K	$702K	10x	as long as short
Binance NBISUSDT	+0.0131%	8h	234.51	−0.009%	$19.1M	$84.5M	25x	as long as short
Kraken Futures PF_NBISUSD	+0.0152%	1h	234.33	−0.085%	$23K	$15K	20x	as long as short
Lighter NBIS	+0.0264%	1h	234.43	−0.043%	$903K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	234.85	+0.136%	$7K	$150K	10x	as long as short
edgeX NBISUSDC	+0.0334%	4h	234.66	+0.056%	$38K	$227K	10x	as long as short
Entropy io:NBIS	+0.0467%	1h	234.48	−0.021%	$10.2M	$3.3M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0476%	1h	234.40	−0.055%	$35K	$48K	10x	as long as short