Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0049%/8h= +5.3% APRpaid last 24h +0.052%

Price spread now: Kraken Futures against Aster−0.029%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—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. Kraken Futures is 0.029% cheaper against Aster than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NBISUSDT	233.39	0	get 0.0000% / 8h	3h 13m	$78K	$310K	50x
Short	Kraken Futures PF_NBISUSD	233.32	0.0049	get 0.0006% / 1h	13m 52s	$23K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now −0.029%Rate

Funding earned: $10.21
Price spread: −0.029% → 0.000%: −$2.93
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$10.72
Costs to cover: 0.180%
Break-even: 14.3 days

Slippage unknown: Aster: live order book, 38 min ago; Kraken Futures: no order-book sample. 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 Aster live order book, 38 min ago	18.55 bp	90.7 bp −$91	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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
Aster NBISUSDTlong	0.0000%	8h	233.39	long leg	$78K	$310K	50x
Extended NBIS-USD	0.0000%	1h	233.26	−0.053%	$146K	$635K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	233.35	−0.016%	$19.0M	$85.2M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	233.41	+0.010%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.36	−0.011%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.36	−0.011%	$2.7M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.38	−0.003%	$2.3M	$4.5M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	233.10	−0.121%	$2.9M	$552K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.98	−0.175%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.38	−0.003%	$899	$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	233.28	−0.046%	$35K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.51	+0.053%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.39	+0.002%	$1.6M	$955K	10x	as long as short
Nado NBIS-PERP	+0.0017%	1h	233.36	−0.009%	$38K	$115K	3x	as long as short
BloFin NBIS-USDT	+0.0030%	8h	233.30	−0.037%	$206K	$205K	20x	as long as short
QFEX NBIS-USD	+0.0034%	1h	233.37	−0.007%	$1.5M	$4.0M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.05	−0.144%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.48	+0.040%	—	$216K	5x	as long as short
Kraken Futures PF_NBISUSDshort	+0.0049%	1h	233.32	−0.029%	$23K	$15K	20x
tradeXYZ xyz:NBIS	+0.0050%	1h	233.32	−0.028%	$54.4M	$20.1M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.33	−0.024%	$143K	$460K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.33	−0.024%	$107	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.35	−0.016%	$160K	$501K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.26	−0.054%	$481K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.35	−0.016%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.26	−0.056%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	233.28	−0.046%	$362K	$773K	10x	as long as short
edgeX NBISUSDC	+0.0114%	4h	232.90	−0.207%	$37K	$227K	10x	as long as short
Lighter NBIS	+0.0216%	1h	233.40	+0.006%	$926K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0239%	1h	232.87	−0.221%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0301%	1h	233.24	−0.063%	$10.1M	$3.2M	10x	as long as short