Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0168%/8h= −18.4% APRpaid last 24h −0.037%

Price spread now: Aster against Coinbase International−0.110%7-day average −0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$182as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1441.438% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.378%−$38 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.110%, 7d avg −0.094%

Together, before fees−0.400%+ Points / potential airdropAster: Stage 5 · farm board−$40 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.094%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NBIS-PERP-INTX	232.30	0.0168	pay 0.0021% / 1h	46m 49s	$361K	$771K	10x
Short	Aster NBISUSDT	232.04	0	get 0.0000% / 8h	2h 46m	$83K	$310K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.110%Rate

Funding earned: −$35.28
Price spread: −0.110% → −0.094%: −$1.59
Slippage, 4 orders: −$125.76
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$180.64
Costs to cover: 1.438%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; Aster: live order book, 65 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 Coinbase International live order book, 1 min ago	7.11 bp	13.8 bp −$14	21.3 bp −$213	doesn't fit	doesn't fit
Sell Aster live order book, 65 min ago	18.55 bp	27.2 bp −$27	1051.7 bp −$10.5K	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	−0.0081%	8h	232.05	−0.108%	$2.3M	$4.5M	20x	as long as short
Aster NBISUSDTshort	0.0000%	8h	232.04	−0.110%	$83K	$310K	50x
Extended NBIS-USD	0.0000%	1h	231.90	−0.172%	$145K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.97	−0.142%	$18.8M	$85.7M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	232.06	−0.103%	$4.9M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.99	−0.133%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.10	−0.086%	$2.7M	$5.0M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	232.77	+0.204%	$2.9M	$555K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.78	+0.207%	$5K	$118K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	232.75	+0.194%	$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	232.05	−0.108%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	232.96	+0.284%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	232.05	−0.108%	$1.6M	$956K	10x	as long as short
BloFin NBIS-USDT	+0.0007%	8h	232.13	−0.073%	$205K	$205K	20x	as long as short
Nado NBIS-PERP	+0.0028%	1h	232.06	−0.102%	$38K	$115K	3x	as long as short
QFEX NBIS-USD	+0.0029%	1h	232.18	−0.052%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	232.31	+0.004%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	232.28	−0.009%	—	$217K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	232.07	−0.099%	$143K	$459K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	232.00	−0.129%	$102	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.14	−0.069%	$161K	$506K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0068%	1h	231.81	−0.211%	$54.0M	$20.2M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.95	−0.151%	$477K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.10	−0.086%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.05	−0.106%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTXlong	+0.0168%	1h	232.30	long leg	$361K	$771K	10x
Kraken Futures PF_NBISUSD	+0.0222%	1h	231.98	−0.137%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	232.54	+0.103%	$7K	$150K	10x	as long as short
edgeX NBISUSDC	+0.0319%	4h	232.45	+0.065%	$37K	$227K	10x	as long as short
Lighter NBIS	+0.0328%	1h	232.00	−0.129%	$928K	$3.9M	10x	as long as short
Entropy io:NBIS	+0.0474%	1h	232.32	+0.009%	$10.1M	$3.2M	10x	as long as short