Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: Aster against Binance−0.149%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$470.469% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.787%−$79 · spread now −0.149%, 7d avg −0.029%

Together, before fees−0.793%+ Points / potential airdropAster: Stage 5 · farm board−$79 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.120% cheaper against Binance than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NBISUSDT	229.41	0	get 0.0000% / 8h	7h 19m	$18.4M	$89.7M	25x
Short	Aster NBISUSDT	229.07	0	get 0.0000% / 8h	7h 19m	$73K	$320K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now −0.149%Rate

Funding earned: $0
Price spread: −0.149% → −0.029%: −$11.99
Slippage, 4 orders: −$28.85
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$58.84
Costs to cover: 0.469%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Aster: live order book, 13 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 Binance live order book, 9 min ago	1.10 bp	7.7 bp −$8	23.1 bp −$231	76.8 bp −$7,685	doesn't fit
Sell Aster live order book, 13 min ago	3.08 bp	11.1 bp −$11	1394.2 bp −$13.9K	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
Bitget NBISUSDT	−0.0190%	8h	229.36	−0.022%	$2.3M	$4.6M	20x	as long as short
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	226.87	−1.107%	$352K	$801K	10x	as long as short
Aster NBISUSDTshort	0.0000%	8h	229.07	−0.149%	$73K	$320K	50x
Extended NBIS-USD	0.0000%	1h	229.30	−0.046%	$143K	$859K	10x	as long as short
Binance NBISUSDTlong	0.0000%	8h	229.41	long leg	$18.4M	$89.7M	25x
OKX NBIS-USDT-SWAP	0.0000%	8h	229.39	−0.009%	$3.2M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	229.27	−0.061%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	229.38	−0.012%	$2.8M	$597K	—	as long as short
SunX NBIS-USDT	0.0000%	8h	229.28	−0.056%	$1K	$1.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	229.23	−0.078%	$34K	$49K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	228.88	−0.231%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	229.40	−0.004%	$1.5M	$971K	10x	as long as short
BloFin NBIS-USDT	+0.0002%	8h	229.37	−0.017%	$202K	$213K	20x	as long as short
Bybit NBISUSDT	+0.0020%	8h	229.42	+0.005%	$4.8M	$6.8M	50x	as long as short
Arcus NBIS-USD	+0.0040%	1h	229.32	−0.039%	$42K	$124K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	229.22	−0.083%	—	$246K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	229.25	−0.070%	$136K	$466K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	229.31	−0.043%	$147K	$534K	10x	as long as short
QFEX NBIS-USD	+0.0064%	1h	229.40	−0.004%	$1.5M	$3.7M	10x	as long as short
Nado NBIS-PERP	+0.0074%	1h	229.31	−0.045%	$38K	$116K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	229.09	−0.139%	$471K	$76K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	229.35	−0.026%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	229.20	−0.092%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0107%	1h	229.40	−0.004%	$53.5M	$21.6M	10x	as long as short
Lighter NBIS	+0.0128%	1h	229.45	+0.018%	$904K	$4.1M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0223%	8h	229.07	−0.148%	$4K	$113K	10x	as long as short
Phoenix NBIS	+0.0277%	1h	229.27	−0.061%	$7K	$125K	10x	as long as short
SoDEX NBIS-USD	+0.0292%	1h	229.34	−0.030%	$69	$20K	10x	as long as short
Entropy io:NBIS	+0.0311%	1h	228.92	−0.213%	$10.0M	$3.1M	10x	as long as short
edgeX NBISUSDC	+0.0537%	4h	229.06	−0.152%	$37K	$227K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0681%	1h	229.26	−0.065%	$22K	$16K	20x	as long as short