Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h −0.025%

Price spread now: QFEX against Aster+0.002%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1271.268% of the position

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.080%−$8 on $10k

Price spread, last 4 days (all we have)−0.234%−$23 · spread now +0.002%, 7d avg −0.012%

Together, before fees−0.314%+ Points / potential airdropAster: Stage 5 · farm board−$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NBISUSDT	235.44	0.0109	pay 0.0109% / 8h	5h 01m	$81K	$307K	50x
Short	QFEX NBIS-USD	235.45	0.0023	get 0.0003% / 1h	1m 26s	$1.5M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$18.05
Price spread: +0.002% → −0.012%: $1.44
Slippage, 4 orders: −$108.78
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$143.39
Costs to cover: 1.268%
Break-even: never at this rate

Slippage from Aster: live order book, 61 min ago; QFEX: live order book, 7 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, 61 min ago	11.74 bp	90.5 bp −$91	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	2.76 bp	9.4 bp −$9	13.3 bp −$133	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
Nado NBIS-PERP	−0.0020%	1h	235.43	−0.007%	$64K	$100K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.53	+0.036%	$5.1M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.45	+0.002%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.46	+0.007%	$2.8M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.28	−0.070%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.42	−0.012%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.27	−0.074%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.35	−0.040%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.57	+0.053%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.41	−0.015%	$1.6M	$960K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USDshort	+0.0023%	1h	235.45	+0.002%	$1.5M	$4.2M	10x
Arcus NBIS-USD	+0.0040%	1h	235.27	−0.074%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.74	+0.126%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.43	−0.006%	$150K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.43	−0.006%	$52	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.37	−0.032%	$164K	$500K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0063%	1h	235.41	−0.015%	$55.2M	$19.6M	10x	as long as short
Variational Omni NBIS	+0.0075%	8h	235.50	+0.023%	$2.9M	$565K	—	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.31	−0.057%	$485K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.42	−0.010%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.41	−0.015%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	235.35	−0.040%	$389K	$725K	10x	as long as short
Aster NBISUSDTlong	+0.0109%	8h	235.44	long leg	$81K	$307K	50x
Extended NBIS-USD	+0.0112%	1h	235.45	+0.001%	$147K	$706K	10x	as long as short
Binance NBISUSDT	+0.0113%	8h	235.54	+0.041%	$19.2M	$84.4M	25x	as long as short
BloFin NBIS-USDT	+0.0145%	8h	235.27	−0.074%	$207K	$204K	20x	as long as short
Kraken Futures PF_NBISUSD	+0.0151%	1h	235.22	−0.094%	$24K	$15K	20x	as long as short
Lighter NBIS	+0.0256%	1h	235.52	+0.032%	$901K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	235.30	−0.061%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0514%	1h	235.41	−0.015%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0535%	4h	235.54	+0.043%	$38K	$227K	10x	as long as short