Settings8H · net · $10k
Funding arb · Price arb /

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0118%/8h= −12.9% APRpaid last 24h +0.041%
Price spread now: tradeXYZ against Aster−0.131%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1251.254% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.191%+$19 on $10k
Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.131%, 7d avg +0.005%
Together, before fees+0.277%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board+$28 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and tradeXYZ is 0.136% cheaper against Aster than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.005%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.191%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster NBISUSDT234.290.0183pay 0.0183% / 8h6h 13m$81K$314K50x
ShorttradeXYZ xyz:NBIS233.980.0066get 0.0008% / 1h13m 12s$54.6M$20.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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
−$24.68
Price spread: −0.131% → +0.005%
−$13.57
Slippage, 4 orders
−$99.43
Fee Aster: 4 bp × 2 orders
−$8
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$163.68
Costs to cover
1.254%
Break-even
never at this rate
Slippage from Aster: live order book, 54 min ago; tradeXYZ: live order book, 6 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, 54 min ago9.54 bp87.1 bp −$87doesn't fitdoesn't fitdoesn't fit
Sell tradeXYZ live order book, 6 min ago0.43 bp10.6 bp −$1114.6 bp −$146doesn't fitdoesn't fit

NBIS on 30 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
Bybit NBISUSDT0.0000%8h234.02−0.114%$5.0M$6.3M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h234.01−0.118%$3.4M$16.4M25xas long as short
Gate NBIS_USDT0.0000%8h234.04−0.105%$2.8M$5.0M50xas long as short
Bitget NBISUSDT0.0000%8h233.99−0.127%$2.4M$4.5M20xas long as short
GRVT NBIS_USDT_Perp0.0000%8h234.17−0.050%$5K$128K10xas long as short
SunX NBIS-USDT0.0000%8h234.19−0.041%$1K$1.7M10xas long as short
Deribit NBIS_USDC-PERPETUAL0.0000%1h233.90−0.165%$35K$48K10xas long as short
HTX NBIS-USDT0.0000%8h234.32+0.014%$15K$60K20xas long as short
Phemex NBISUSDT0.0000%8h234.01−0.118%$1.6M$972K10xas long as short
QFEX NBIS-USD+0.0024%1h234.08−0.088%$1.5M$4.5M10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus NBIS-USD+0.0040%1h234.08−0.088%$42K$132K5xas long as short
Vest NBIS-USD-PERP+0.0046%1h234.24−0.020%$215K5xas long as short
Polymarket Perps NBIS-USD+0.0050%1h233.94−0.148%$149K$453K10xas long as short
SoDEX NBIS-USD+0.0050%1h234.00−0.123%$42$20K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h234.10−0.080%$164K$498K10xas long as short
Nado NBIS-PERP+0.0063%1h234.07−0.091%$67K$95K3xas long as short
tradeXYZ xyz:NBISshort+0.0066%1h233.98−0.131%$54.6M$20.0M10x
Kraken Futures PF_NBISUSD+0.0096%1h233.89−0.169%$24K$15K20xas long as short
KuCoin NBISUSDTM+0.0100%8h234.03−0.110%$482K$21K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h234.05−0.101%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h233.99−0.128%10xas long as short
Coinbase International NBIS-PERP-INTX+0.0112%1h233.89−0.169%$383K$714K10xas long as short
Variational Omni NBIS+0.0174%8h234.17−0.049%$2.8M$571Kas long as short
Aster NBISUSDTlong+0.0183%8h234.29long leg$81K$314K50x
Binance NBISUSDT+0.0199%8h233.98−0.131%$19.1M$84.9M25xas long as short
Extended NBIS-USD+0.0200%1h233.99−0.127%$147K$699K10xas long as short
Lighter NBIS+0.0232%1h234.04−0.105%$904K$4.4M10xas long as short
Phoenix NBIS+0.0306%1h234.27−0.007%$7K$152K10xas long as short
edgeX NBISUSDC+0.0337%4h234.18−0.044%$38K$227K10xas long as short
Entropy io:NBIS+0.0405%1h234.18−0.046%$10.2M$3.3M10xas long as short