Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.022%

Price spread now: Polymarket Perps against Aster+0.065%56s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as 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−$860.860% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 4 days (all we have)−0.015%−$2 · spread now +0.065%, 7d avg −0.006%

Together, before fees−0.067%+ Points / potential airdropAster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.071% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.006%. Mind the row above: over the last 7 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour. The two prices were read 56 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	230.52	0	get 0.0000% / 8h	1h 43m	$84K	$311K	50x
Short	Polymarket Perps NBIS-USD	230.67	0.0050	get 0.0006% / 1h	43m 41s	$137K	$473K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.065%Rate

Funding earned: $10.5
Price spread: +0.065% → −0.006%: $7.07
Slippage, 4 orders: −$69.99
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$68.42
Costs to cover: 0.860%
Break-even: 52.6 days

Slippage from Aster: live order book, 63 min ago; Polymarket Perps: live order book, 64 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, 63 min ago	3.45 bp	46.4 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 64 min ago	1.73 bp	5.7 bp −$6	7.3 bp −$73	27.0 bp −$2,700	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	−0.0453%	8h	230.52	0.000%	$2.3M	$4.5M	20x	as long as short
Aster NBISUSDTlong	0.0000%	8h	230.52	long leg	$84K	$311K	50x
Extended NBIS-USD	0.0000%	1h	230.46	−0.026%	$144K	$685K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.41	−0.048%	$18.5M	$87.3M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.43	−0.039%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.36	−0.069%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.61	+0.039%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.87	+0.154%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.91	+0.168%	$5K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.94	+0.182%	$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	230.58	+0.026%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.86	+0.148%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.65	+0.056%	$1.6M	$963K	10x	as long as short
BloFin NBIS-USDT	+0.0008%	8h	230.87	+0.152%	$203K	$205K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.72	+0.087%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.64	+0.052%	—	$221K	5x	as long as short
Polymarket Perps NBIS-USDshort	+0.0050%	1h	230.67	+0.065%	$137K	$473K	10x
SoDEX NBIS-USD	+0.0050%	1h	230.64	+0.052%	$92	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.65	+0.056%	$151K	$547K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	230.39	−0.056%	$1.5M	$3.9M	10x	as long as short
Nado NBIS-PERP	+0.0070%	1h	230.70	+0.077%	$37K	$115K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.51	−0.004%	$475K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.69	+0.074%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.66	+0.060%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	230.50	−0.009%	$350K	$812K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0151%	1h	230.45	−0.030%	$54.2M	$21.0M	10x	as long as short
Lighter NBIS	+0.0208%	1h	230.61	+0.039%	$944K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	231.29	+0.334%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0409%	1h	230.82	+0.130%	$10.0M	$3.1M	10x	as long as short
edgeX NBISUSDC	+0.0470%	4h	230.86	+0.149%	$37K	$228K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0685%	1h	230.66	+0.062%	$23K	$15K	20x	as long as short