Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h +0.025%

Price spread now: Nado against Aster−0.161%58s7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$1851.851% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%$0 on $10k

Price spread, last 4 days (all we have)+0.186%+$19 · spread now −0.161%, 7d avg −0.008%

Together, before fees+0.191%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board+$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.152% cheaper against Aster than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.008%. The two prices were read 58 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	Aster NBISUSDT	232.30	0	get 0.0000% / 8h	3h 07m	$78K	$310K	50x
Short	Nado NBIS-PERP	231.93	0.0007	get 0.0001% / 1h	7m 38s	$38K	$115K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.161%Rate

Funding earned: $1.46
Price spread: −0.161% → −0.008%: −$15.25
Slippage, 4 orders: −$170.15
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$198.93
Costs to cover: 1.851%
Break-even: 958.1 days

Slippage from Aster: live order book, 44 min ago; Nado: live order book, 41 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 Aster live order book, 44 min ago	18.55 bp	90.7 bp −$91	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 41 min ago	10.24 bp	33.3 bp −$33	doesn't fit	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
Aster NBISUSDTlong	0.0000%	8h	232.30	long leg	$78K	$310K	50x
Extended NBIS-USD	0.0000%	1h	232.03	−0.117%	$146K	$599K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	232.18	−0.052%	$18.8M	$85.6M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	232.13	−0.073%	$4.9M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	232.10	−0.086%	$3.4M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.26	−0.017%	$2.7M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	232.21	−0.039%	$2.3M	$4.5M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	232.19	−0.048%	$2.9M	$552K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.97	−0.142%	$5K	$118K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.93	−0.159%	$937	$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
HTX NBIS-USDT	0.0000%	8h	232.16	−0.060%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	232.21	−0.039%	$1.6M	$956K	10x	as long as short
Nado NBIS-PERPshort	+0.0007%	1h	231.93	−0.161%	$38K	$115K	3x
BloFin NBIS-USDT	+0.0014%	8h	232.02	−0.120%	$206K	$204K	20x	as long as short
QFEX NBIS-USD	+0.0034%	1h	232.14	−0.069%	$1.5M	$4.0M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	232.17	−0.056%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	232.00	−0.129%	—	$217K	5x	as long as short
Kraken Futures PF_NBISUSD	+0.0049%	1h	232.02	−0.120%	$23K	$15K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	232.14	−0.069%	$54.1M	$20.2M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.80	−0.215%	$142K	$459K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	231.86	−0.189%	$102	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.08	−0.095%	$160K	$507K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.08	−0.095%	$478K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.06	−0.103%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.01	−0.123%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	232.30	0.000%	$361K	$771K	10x	as long as short
Lighter NBIS	+0.0200%	1h	232.15	−0.064%	$915K	$4.0M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0224%	1h	232.13	−0.073%	$34K	$49K	10x	as long as short
Phoenix NBIS	+0.0239%	1h	232.25	−0.021%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0290%	1h	232.30	0.000%	$10.1M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0317%	4h	231.93	−0.158%	$37K	$226K	10x	as long as short