Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.021%

Price spread now: Ondo Perps against Aster+0.003%7-day average −0.025% · you sell dearer than you buy

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

Long on Aster Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.003%, 7d avg −0.025%

Together, before fees+0.012%+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.027% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NBISUSDT	232.08	0	get 0.0000% / 8h	2h 11m	$85K	$311K	50x
Short	Ondo Perps NBIS-USD.P	232.09	0.0050	get 0.0006% / 1h	11m 04s	$152K	$548K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.003%Rate

Funding earned: $10.58
Price spread: +0.003% → −0.025%: $2.71
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $0.3
Costs to cover: 0.130%
Break-even: 6.8 days

Slippage unknown: Aster: live order book, 36 min ago; Ondo Perps: 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, 36 min ago	3.45 bp	46.4 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Bitget NBISUSDT	−0.0496%	8h	232.21	+0.054%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0008%	8h	232.16	+0.033%	$204K	$206K	20x	as long as short
Aster NBISUSDTlong	0.0000%	8h	232.08	long leg	$85K	$311K	50x
Extended NBIS-USD	0.0000%	1h	232.29	+0.091%	$146K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	232.33	+0.107%	$18.6M	$87.0M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	232.28	+0.084%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	232.31	+0.097%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.31	+0.097%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.28	−0.346%	$2.9M	$555K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.39	−0.300%	$5K	$117K	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	232.17	+0.037%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	232.24	+0.067%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	232.29	+0.089%	$1.6M	$956K	10x	as long as short
QFEX NBIS-USD	+0.0029%	1h	232.14	+0.024%	$1.5M	$3.9M	10x	as long as short
Nado NBIS-PERP	+0.0039%	1h	232.03	−0.023%	$38K	$115K	3x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.67	−0.178%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	232.05	−0.015%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	232.12	+0.015%	$138K	$473K	10x	as long as short
Ondo Perps NBIS-USD.Pshort	+0.0050%	1h	232.09	+0.003%	$152K	$548K	10x
edgeX NBISUSDC	+0.0060%	4h	231.91	−0.073%	$37K	$225K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.06	−0.010%	$478K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.30	+0.093%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.24	+0.066%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0109%	1h	232.06	−0.010%	$54.5M	$21.1M	10x	as long as short
SoDEX NBIS-USD	+0.0121%	1h	232.17	+0.037%	$107	$20K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	231.92	−0.071%	$351K	$815K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0222%	1h	232.18	+0.040%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	231.99	−0.041%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0256%	1h	232.27	+0.080%	$939K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0377%	1h	231.78	−0.131%	$10.1M	$3.2M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0526%	1h	232.20	+0.050%	$34K	$49K	10x	as long as short