Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.037%

Price spread now: Coinbase International against Aster+0.149%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1351.347% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.379%+$38 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.149%, 7d avg +0.095%

Together, before fees+0.285%+ Points / potential airdropAster: Stage 5 · farm board+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.054% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NBISUSDT	232.95	0	get 0.0000% / 8h	3h 17m	$78K	$310K	50x
Short	Coinbase International NBIS-PERP-INTX	233.30	0.0104	get 0.0013% / 1h	17m 55s	$362K	$764K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now +0.149%Rate

Funding earned: $21.84
Price spread: +0.149% → +0.095%: $5.36
Slippage, 4 orders: −$116.7
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$107.5
Costs to cover: 1.347%
Break-even: 41.5 days

Slippage from Aster: live order book, 34 min ago; Coinbase International: live order book, 35 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 Aster live order book, 34 min ago	18.55 bp	90.7 bp −$91	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 35 min ago	2.99 bp	8.0 bp −$8	16.8 bp −$168	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 NBISUSDTlong	0.0000%	8h	232.95	long leg	$78K	$310K	50x
Extended NBIS-USD	0.0000%	1h	232.78	−0.073%	$146K	$655K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	232.80	−0.066%	$19.0M	$85.1M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	232.78	−0.074%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	232.78	−0.074%	$3.4M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.94	−0.006%	$2.7M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	232.82	−0.057%	$2.3M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	233.38	+0.185%	$2.9M	$558K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	233.38	+0.183%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.37	+0.179%	$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
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	232.69	−0.113%	$35K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.56	+0.260%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	232.91	−0.019%	$1.6M	$954K	10x	as long as short
BloFin NBIS-USDT	+0.0006%	8h	233.00	+0.020%	$205K	$205K	20x	as long as short
Nado NBIS-PERP	+0.0022%	1h	232.79	−0.069%	$38K	$115K	3x	as long as short
QFEX NBIS-USD	+0.0034%	1h	232.79	−0.070%	$1.5M	$4.0M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.09	+0.059%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	232.94	−0.006%	—	$216K	5x	as long as short
Kraken Futures PF_NBISUSD	+0.0049%	1h	232.78	−0.074%	$23K	$15K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	232.84	−0.049%	$54.3M	$20.1M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	232.75	−0.087%	$146K	$456K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	232.82	−0.057%	$102	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.01	+0.024%	$160K	$500K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.85	−0.044%	$480K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.79	−0.070%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.74	−0.091%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTXshort	+0.0104%	1h	233.30	+0.149%	$362K	$764K	10x
Lighter NBIS	+0.0216%	1h	232.88	−0.032%	$923K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0239%	1h	233.32	+0.157%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0279%	1h	233.13	+0.076%	$10.1M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0340%	4h	233.36	+0.175%	$37K	$227K	10x	as long as short