Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0652%/8h= +71.3% APRpaid last 24h −0.010%

Price spread now: Deribit against Aster−0.035%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Deribit

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

Funding pays, the price is against you. Deribit is 0.035% cheaper against Aster than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$20 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NBISUSDT	235.33	0.0034	pay 0.0034% / 8h	4h 12m	$79K	$310K	50x
Short	Deribit NBIS_USDC-PERPETUAL	235.25	0.0686	get 0.0086% / 1h	12m 23s	$35K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.035%Rate

Funding earned: $136.83
Price spread: −0.035% → 0.000%: −$3.46
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $118.37
Costs to cover: 0.150%
Break-even: 0.9 days

Slippage unknown: Aster: live order book, 45 min ago; Deribit: no order-book sample. 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 Aster live order book, 45 min ago	16.10 bp	82.1 bp −$82	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
Nado NBIS-PERP	−0.0069%	1h	235.08	−0.107%	$38K	$115K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.45	+0.050%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.28	−0.022%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.31	−0.009%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.34	+0.004%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	235.25	−0.035%	$2.9M	$561K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.29	−0.018%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.39	+0.025%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.24	−0.039%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.40	+0.029%	$1.6M	$955K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX NBISUSDC	+0.0029%	4h	235.20	−0.056%	$38K	$227K	10x	as long as short
BloFin NBIS-USDT	+0.0029%	8h	235.38	+0.021%	$207K	$205K	20x	as long as short
Aster NBISUSDTlong	+0.0034%	8h	235.33	long leg	$79K	$310K	50x
QFEX NBIS-USD	+0.0038%	1h	235.26	−0.030%	$1.5M	$4.2M	10x	as long as short
Binance NBISUSDT	+0.0040%	8h	235.38	+0.021%	$19.4M	$84.5M	25x	as long as short
Extended NBIS-USD	+0.0040%	1h	235.28	−0.024%	$150K	$701K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.18	−0.064%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.50	+0.072%	—	$216K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	235.30	−0.013%	$54.8M	$19.9M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.25	−0.035%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.29	−0.018%	$47	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.24	−0.039%	$161K	$503K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	235.56	+0.097%	$389K	$724K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.09	−0.103%	$484K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.29	−0.018%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.25	−0.034%	—	—	10x	as long as short
Lighter NBIS	+0.0136%	1h	235.27	−0.026%	$903K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0272%	1h	235.26	−0.030%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0411%	1h	235.24	−0.039%	$10.2M	$3.2M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0477%	1h	235.26	−0.030%	$24K	$15K	20x	as long as short
Deribit NBIS_USDC-PERPETUALshort	+0.0686%	1h	235.25	−0.035%	$35K	$48K	10x