Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0853%/8h= −93.4% APRpaid last 24h −0.125%

Price spread now: Aster against edgeX−0.078%90s7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$840.835% of the position

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.756%−$76 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.078%, 7d avg −0.001%

Together, before fees−0.764%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board−$76 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Aster is 0.077% cheaper against edgeX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.001%). Swap the legs. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NBISUSDC	230.83	0.0853	pay 0.0426% / 4h	55m 58s	$37K	$225K	10x
Short	Aster NBISUSDT	230.65	0	get 0.0000% / 8h	55m 58s	$84K	$311K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$179.08
Price spread: −0.078% → −0.001%: −$7.65
Slippage, 4 orders: −$66.53
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$270.26
Costs to cover: 0.835%
Break-even: never at this rate

Slippage from edgeX: live order book, 46 min ago; Aster: live order book, 46 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 edgeX live order book, 46 min ago	6.29 bp	18.7 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 46 min ago	4.12 bp	11.6 bp −$12	1545.7 bp −$15.5K	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	−0.0534%	8h	230.86	+0.013%	$2.3M	$4.6M	20x	as long as short
Nado NBIS-PERP	−0.0070%	1h	230.72	−0.049%	$37K	$115K	3x	as long as short
Aster NBISUSDTshort	0.0000%	8h	230.65	−0.078%	$84K	$311K	50x
Extended NBIS-USD	0.0000%	1h	230.67	−0.067%	$149K	$631K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.76	−0.030%	$18.5M	$87.6M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.78	−0.022%	$4.9M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.69	−0.061%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.82	−0.004%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.87	+0.017%	$2.8M	$595K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.92	+0.038%	$4K	$116K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	230.93	+0.043%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.97	+0.061%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.83	0.000%	$1.6M	$966K	10x	as long as short
BloFin NBIS-USDT	+0.0024%	8h	230.79	−0.017%	$204K	$205K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.74	−0.039%	$42K	$132K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	230.81	−0.009%	$1.5M	$3.8M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.66	−0.074%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.73	−0.043%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.82	−0.004%	$134	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.77	−0.026%	$151K	$542K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.38	−0.195%	$352K	$813K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0094%	1h	230.67	−0.069%	$54.2M	$21.1M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.62	−0.091%	$475K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.73	−0.043%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.71	−0.054%	—	—	10x	as long as short
Lighter NBIS	+0.0136%	1h	230.79	−0.017%	$935K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0177%	1h	230.76	−0.030%	$10.0M	$3.1M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	231.11	+0.121%	$7K	$125K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0357%	1h	230.72	−0.048%	$34K	$49K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0541%	1h	230.70	−0.055%	$23K	$15K	20x	as long as short
edgeX NBISUSDClong	+0.0853%	4h	230.83	long leg	$37K	$225K	10x