Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0124%/8h= +13.5% APRpaid last 24h —

Price spread now: Aster against Aevo−0.048%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.048% cheaper against Aevo than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 31 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NBIS-PERP	234.43	0.0104	pay 0.0013% / 1h	44m 59s	—	—	10x
Short	Aster NBISUSDT	234.32	0.0228	get 0.0228% / 8h	44m 59s	$79K	$306K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now −0.048%Rate

Funding earned: $25.97
Price spread: −0.048% → 0.000%: −$4.81
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$2.84
Costs to cover: 0.240%
Break-even: 7.8 days

Slippage unknown: Aevo: no order-book sample; Aster: live order book, 32 min ago. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell Aster live order book, 32 min ago	9.40 bp	16.7 bp −$17	298.6 bp −$2,986	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	234.45	+0.007%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.37	−0.027%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.42	−0.005%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.32	−0.048%	$2.5M	$4.8M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.34	−0.040%	$874	$1.8M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.29	−0.061%	$35K	$48K	10x	as long as short
Coinbase International NBIS-PERP-INTX	0.0000%	1h	233.76	−0.287%	$358K	$699K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.37	−0.027%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.39	−0.018%	$1.6M	$967K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.55	+0.050%	—	$234K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps NBIS-USD	+0.0050%	1h	234.43	−0.001%	$147K	$706K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.37	−0.027%	$33	$20K	10x	as long as short
QFEX NBIS-USD	+0.0051%	1h	234.35	−0.035%	$1.5M	$5.1M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.20	−0.099%	$483K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.42	−0.005%	$2K	$3K	10x	as long as short
Aevo NBIS-PERPlong	+0.0104%	1h	234.43	long leg	—	—	10x
Variational Omni NBIS	+0.0202%	8h	234.45	+0.008%	$2.9M	$821K	—	as long as short
Aster NBISUSDTshort	+0.0228%	8h	234.32	−0.048%	$79K	$306K	50x
Nado NBIS-PERP	+0.0228%	1h	234.35	−0.037%	$28K	$63K	3x	as long as short
BloFin NBIS-USDT	+0.0234%	8h	234.48	+0.020%	$206K	$214K	20x	as long as short
Extended NBIS-USD	+0.0240%	1h	234.31	−0.053%	$142K	$697K	10x	as long as short
Binance NBISUSDT	+0.0241%	8h	234.35	−0.035%	$19.4M	$86.3M	25x	as long as short
Kraken Futures PF_NBISUSD	+0.0249%	1h	234.20	−0.098%	$24K	$13K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0261%	8h	234.41	−0.010%	$5K	$139K	10x	as long as short
Arcus NBIS-USD	+0.0269%	1h	234.43	−0.001%	$44K	$134K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0296%	1h	234.41	−0.010%	$54.7M	$23.3M	10x	as long as short
edgeX NBISUSDC	+0.0320%	4h	234.32	−0.049%	$38K	$235K	10x	as long as short
Lighter NBIS	+0.0360%	1h	234.51	+0.033%	$931K	$4.6M	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0367%	1h	234.33	−0.044%	$174K	$498K	10x	as long as short
Phoenix NBIS	+0.0376%	1h	234.42	−0.005%	$7K	$163K	10x	as long as short
Entropy io:NBIS	+0.0508%	1h	234.40	−0.014%	$10.2M	$3.3M	10x	as long as short