Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0168%/8h= +18.4% APRpaid last 24h +0.022%

Price spread now: Aster against Polymarket Perps+0.087%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1161.160% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 4 days (all we have)−0.484%−$48 · spread now +0.087%, 7d avg +0.001%

Together, before fees−0.432%+ Points / potential airdropAster: Stage 5 · farm board−$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Aster is 0.086% dearer against Polymarket Perps than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NBIS-USD	233.29	0.0050	pay 0.0006% / 1h	39m 19s	$148K	$468K	10x
Short	Aster NBISUSDT	233.49	0.0218	get 0.0218% / 8h	6h 39m	$81K	$314K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket Perps. 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now +0.087%Rate

Funding earned: $35.27
Price spread: +0.087% → +0.001%: $8.64
Slippage, 4 orders: −$100
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$72.09
Costs to cover: 1.160%
Break-even: 21.3 days

Slippage from Polymarket Perps: live order book, 28 min ago; Aster: live order book, 28 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 Polymarket Perps live order book, 28 min ago	1.91 bp	6.1 bp −$6	7.8 bp −$78	29.7 bp −$2,973	doesn't fit
Sell Aster live order book, 28 min ago	9.54 bp	16.9 bp −$17	1414.5 bp −$14.1K	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
Bybit NBISUSDT	0.0000%	8h	233.41	+0.051%	$5.1M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.38	+0.039%	$3.4M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.38	+0.039%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.34	+0.021%	$2.4M	$4.5M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.40	+0.047%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.78	+0.210%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.49	+0.086%	$1.6M	$972K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	233.30	+0.004%	$1.5M	$4.7M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0036%	8h	233.58	+0.124%	$5K	$129K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.42	+0.056%	$42K	$132K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0046%	1h	233.43	+0.060%	—	$226K	5x	as long as short
Polymarket Perps NBIS-USDlong	+0.0050%	1h	233.29	long leg	$148K	$468K	10x
SoDEX NBIS-USD	+0.0050%	1h	233.35	+0.026%	$98	$20K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0050%	1h	233.26	−0.013%	$35K	$48K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.39	+0.043%	$163K	$498K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	233.24	−0.023%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.30	+0.004%	$481K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.33	+0.017%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.36	+0.031%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+1.183%	$386K	$721K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0121%	1h	233.32	+0.013%	$54.7M	$20.0M	10x	as long as short
Nado NBIS-PERP	+0.0156%	1h	233.22	−0.028%	$67K	$94K	3x	as long as short
Aster NBISUSDTshort	+0.0218%	8h	233.49	+0.087%	$81K	$314K	50x
Variational Omni NBIS	+0.0223%	8h	233.46	+0.072%	$2.8M	$570K	—	as long as short
BloFin NBIS-USDT	+0.0234%	8h	234.04	+0.321%	$207K	$209K	20x	as long as short
Binance NBISUSDT	+0.0240%	8h	233.33	+0.016%	$19.2M	$85.1M	25x	as long as short
Extended NBIS-USD	+0.0240%	1h	233.29	−0.002%	$150K	$705K	10x	as long as short
Lighter NBIS	+0.0288%	1h	233.37	+0.034%	$901K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	233.43	+0.060%	$7K	$152K	10x	as long as short
edgeX NBISUSDC	+0.0339%	4h	233.68	+0.167%	$38K	$225K	10x	as long as short
Entropy io:NBIS	+0.0355%	1h	233.52	+0.099%	$10.1M	$3.3M	10x	as long as short