Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h −0.041%

Price spread now: Extended against Aster+0.064%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1291.285% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.064%, 7d avg −0.031%

Together, before fees−0.157%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Extended is 0.095% dearer against Aster than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NBISUSDT	234.44	0.0219	pay 0.0219% / 8h	38m 19s	$79K	$306K	50x
Short	Extended NBIS-USD	234.59	0.0232	get 0.0029% / 1h	38m 19s	$142K	$697K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.064%Rate

Funding earned: $2.66
Price spread: +0.064% → −0.031%: $9.52
Slippage, 4 orders: −$115.52
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$116.34
Costs to cover: 1.285%
Break-even: 312.8 days

Slippage from Aster: live order book, 39 min ago; Extended: live order book, 40 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, 39 min ago	9.40 bp	86.8 bp −$87	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 40 min ago	1.93 bp	12.3 bp −$12	109.7 bp −$1,097	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
Bybit NBISUSDT	0.0000%	8h	234.61	+0.072%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.63	+0.080%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.59	+0.063%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.64	+0.085%	$2.5M	$4.8M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.44	−0.001%	$931	$1.8M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.48	+0.016%	$35K	$48K	10x	as long as short
Coinbase International NBIS-PERP-INTX	0.0000%	1h	233.76	−0.291%	$358K	$676K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.46	+0.008%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.50	+0.025%	$1.6M	$967K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.69	+0.106%	—	$234K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps NBIS-USD	+0.0050%	1h	234.58	+0.059%	$147K	$706K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.57	+0.055%	$38	$20K	10x	as long as short
QFEX NBIS-USD	+0.0051%	1h	234.56	+0.051%	$1.5M	$5.1M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.38	−0.026%	$483K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.58	+0.059%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.60	+0.068%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0190%	1h	234.44	+0.001%	$28K	$63K	3x	as long as short
Variational Omni NBIS	+0.0199%	8h	234.38	−0.028%	$2.9M	$821K	—	as long as short
Ondo Perps NBIS-USD.P	+0.0208%	1h	234.39	−0.022%	$174K	$498K	10x	as long as short
Aster NBISUSDTlong	+0.0219%	8h	234.44	long leg	$79K	$306K	50x
Extended NBIS-USDshort	+0.0232%	1h	234.59	+0.064%	$142K	$697K	10x
Binance NBISUSDT	+0.0234%	8h	234.63	+0.079%	$19.4M	$86.4M	25x	as long as short
BloFin NBIS-USDT	+0.0236%	8h	234.47	+0.012%	$206K	$214K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0247%	8h	234.42	−0.009%	$5K	$140K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0248%	1h	234.38	−0.025%	$24K	$13K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0263%	1h	234.59	+0.063%	$54.7M	$23.1M	10x	as long as short
Arcus NBIS-USD	+0.0269%	1h	234.55	+0.046%	$44K	$134K	5x	as long as short
Lighter NBIS	+0.0352%	1h	234.70	+0.110%	$934K	$4.6M	10x	as long as short
Phoenix NBIS	+0.0376%	1h	234.52	+0.033%	$7K	$163K	10x	as long as short
Entropy io:NBIS	+0.0506%	1h	234.51	+0.029%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0929%	4h	234.38	−0.026%	$38K	$234K	10x	as long as short