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Funding arb · Price arb /

NBIS

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0226%/8h= −24.8% APRnext payment −$2.26 per $10,000 · paid last 24h −0.038%
Price spread now: SunX against Aster+0.150%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$250as in the Funding arb table
Net, price: spread back to 7d avg − costs−$222as in the Price arb table
costs, in and out, $10k−$2372.367% of the position
Long on AsterShort on SunX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.130%−$13 on $10k
Price spread, last 3 days (all we have)−0.193%−$19 · spread now +0.150%, 7d avg +0.006%
Together, before fees−0.323%+ Points / potential airdropAster: Stage 5 · farm board−$32 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.144% dearer against Aster than usual: you sell high and buy low (spread +0.150% now, against its 7-day average of +0.006%): +$14 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.130% in total) that is about 7.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.130% in total (about -6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster NBISUSDT236.070.0226pay 0.0226% / 8h7h 47m$82K$308K50x
ShortSunX NBIS-USDT236.420get 0.0000% / 8h7h 47m$1K$1.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
−$47.55
Price spread: +0.150% → +0.006%
$14.41
Slippage, 4 orders
−$220.69
Fee Aster: 4 bp × 2 orders
−$8
Fee SunX: 4 bp × 2 orders
−$8
Net
−$269.84
Costs to cover
2.367%
Break-even
never at this rate
Slippage from Aster: live order book, 25 min ago; SunX: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 25 min ago10.44 bp86.8 bp −$87doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 8 min ago46.26 bp65.5 bp −$65doesn't fitdoesn't fitdoesn't fit

NBIS on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NBISUSD−0.0178%1h236.27+0.086%$24K$15K20xas long as short
OKX NBIS-USDT-SWAP0.0000%8h236.35+0.120%$3.4M$17.1M25xas long as short
Bitget NBISUSDT0.0000%8h236.41+0.146%$2.5M$4.7M20xas long as short
SunX NBIS-USDTshort0.0000%8h236.42+0.150%$1K$1.7M10x
Phemex NBISUSDT0.0000%8h236.42+0.150%$1.6M$973K10xas long as short
Coinbase International NBIS-PERP-INTX+0.0016%1h235.49−0.244%$361K$683K10xas long as short
HTX NBIS-USDT+0.0033%8h236.39+0.137%$15K$112K20xas long as short
QFEX NBIS-USD+0.0038%1h236.35+0.120%$1.5M$5.1M10xas long as short
Vest NBIS-USD-PERP+0.0046%1h236.58+0.218%—$234K5xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h236.21+0.061%$175K$507K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NBISUSDTM+0.0100%8h236.13+0.027%$487K$25K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h236.40+0.141%$2K$3K10xas long as short
Gate NBIS_USDT+0.0103%8h236.32+0.108%$2.8M$5.1M50xas long as short
Aevo NBIS-PERP+0.0104%1h235.98−0.034%——10xas long as short
Variational Omni NBIS+0.0198%8h236.05−0.005%$2.9M$817K—as long as short
Nado NBIS-PERP+0.0205%1h236.20+0.056%$29K$63K3xas long as short
Aster NBISUSDTlong+0.0226%8h236.07long leg$82K$308K50x
Extended NBIS-USD+0.0240%1h236.37+0.130%$143K$805K10xas long as short
Binance NBISUSDT+0.0243%8h236.45+0.162%$19.6M$86.0M25xas long as short
BloFin NBIS-USDT+0.0272%8h236.48+0.175%$206K$214K20xas long as short
Bybit NBISUSDT+0.0298%8h236.41+0.146%$5.2M$6.5M50xas long as short
Arcus NBIS-USD+0.0366%1h235.98−0.036%$44K$132K5xas long as short
Lighter NBIS+0.0384%1h236.51+0.188%$930K$4.4M10xas long as short
edgeX NBISUSDC+0.0391%4h236.21+0.062%$38K$229K10xas long as short
Phoenix NBIS+0.0409%1h236.34+0.116%$7K$163K10xas long as short
GRVT NBIS_USDT_Perp+0.0498%8h236.24+0.073%$5K$137K10xas long as short
SoDEX NBIS-USD+0.0667%1h236.39+0.137%$24$20K10xas long as short
Deribit NBIS_USDC-PERPETUAL+0.0724%1h236.40+0.141%$35K$48K10xas long as short
Polymarket Perps NBIS-USD+0.0842%1h236.41+0.146%$140K$429K10xas long as short
Entropy io:NBIS+0.0903%1h235.99−0.032%$10.3M$3.4M10xas long as short
tradeXYZ xyz:NBIS+0.0975%1h236.36+0.125%$55.3M$23.6M10xas long as short