Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0655%/8h= +71.7% APRpaid last 24h +0.125%

Price spread now: edgeX against Aster+0.111%80s7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1051.054% of the position

Long on Aster Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.756%+$76 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.111%, 7d avg 0.000%

Together, before fees+0.744%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$74 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and edgeX is 0.112% dearer against Aster than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of 0.000%. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NBISUSDT	231.07	0	get 0.0000% / 8h	1h 52m	$84K	$311K	50x
Short	edgeX NBISUSDC	231.33	0.0655	get 0.0327% / 4h	1h 52m	$37K	$226K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.111%Rate

Funding earned: $137.5
Price spread: +0.111% → 0.000%: $11.16
Slippage, 4 orders: −$88.42
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $43.24
Costs to cover: 1.054%
Break-even: 4.8 days

Slippage from Aster: live order book, 55 min ago; edgeX: live order book, 55 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, 55 min ago	3.45 bp	46.4 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 55 min ago	5.60 bp	16.4 bp −$16	doesn't fit	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
Bitget NBISUSDT	−0.0395%	8h	231.21	+0.062%	$2.3M	$4.5M	20x	as long as short
Aster NBISUSDTlong	0.0000%	8h	231.07	long leg	$84K	$311K	50x
Extended NBIS-USD	0.0000%	1h	231.08	+0.004%	$145K	$742K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.13	+0.027%	$18.6M	$87.1M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.21	+0.062%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.06	−0.003%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.13	+0.027%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.22	+0.068%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.42	+0.152%	$5K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.40	+0.144%	$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	231.31	+0.105%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.13	+0.027%	$1.6M	$961K	10x	as long as short
BloFin NBIS-USDT	+0.0030%	8h	231.30	+0.101%	$204K	$206K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.32	+0.109%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.30	+0.101%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.07	+0.001%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	231.07	+0.001%	$88	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.24	+0.075%	$151K	$548K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	231.14	+0.031%	$1.5M	$3.9M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.03	−0.016%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.14	+0.031%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.11	+0.017%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	232.18	+0.481%	$352K	$816K	10x	as long as short
Nado NBIS-PERP	+0.0136%	1h	231.04	−0.011%	$38K	$115K	3x	as long as short
tradeXYZ xyz:NBIS	+0.0196%	1h	231.06	−0.003%	$54.3M	$21.0M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0226%	1h	231.12	+0.023%	$34K	$49K	10x	as long as short
Phoenix NBIS	+0.0311%	1h	231.70	+0.274%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0336%	1h	231.12	+0.023%	$941K	$3.9M	10x	as long as short
Entropy io:NBIS	+0.0537%	1h	231.39	+0.140%	$10.0M	$3.1M	10x	as long as short
edgeX NBISUSDCshort	+0.0655%	4h	231.33	+0.111%	$37K	$226K	10x
Kraken Futures PF_NBISUSD	+0.0684%	1h	231.07	+0.002%	$23K	$15K	20x	as long as short