Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0131%/8h= −14.4% APRpaid last 24h −0.023%

Price spread now: Polymarket Perps against Aster−0.090%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

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

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 3 days (all we have)+0.139%+$14 · spread now −0.090%, 7d avg +0.001%

Together, before fees+0.087%+ Points / potential airdropAster: Stage 5 · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Polymarket Perps is 0.091% cheaper against Aster than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.001%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NBISUSDT	235.70	0.0263	pay 0.0263% / 8h	7h 01m	$81K	$308K	50x
Short	Polymarket Perps NBIS-USD	235.49	0.0132	get 0.0016% / 1h	1m 17s	$142K	$462K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now −0.090%Rate

Funding earned: −$27.56
Price spread: −0.090% → +0.001%: −$9.07
Slippage, 4 orders: −$100
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$152.64
Costs to cover: 1.160%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; Polymarket Perps: live order book, 6 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, 6 min ago	9.54 bp	87.1 bp −$87	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 6 min ago	1.91 bp	5.9 bp −$6	6.3 bp −$63	25.4 bp −$2,544	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
Kraken Futures PF_NBISUSD	−0.0179%	1h	235.43	−0.116%	$24K	$15K	20x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.50	−0.085%	$5.1M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.55	−0.064%	$3.4M	$16.7M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.60	−0.043%	$2.8M	$5.1M	50x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.61	−0.039%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.45	−0.106%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.71	+0.004%	$15K	$66K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.58	−0.051%	$1.6M	$973K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0016%	1h	236.05	+0.148%	$386K	$736K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.55	−0.064%	$1.5M	$4.9M	10x	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	235.95	+0.106%	—	$223K	5x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.80	+0.042%	$174K	$503K	10x	as long as short
SoDEX NBIS-USD	+0.0064%	1h	235.57	−0.056%	$94	$20K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.41	−0.123%	$485K	$22K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.56	−0.060%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.58	−0.052%	—	—	10x	as long as short
Bitget NBISUSDT	+0.0110%	8h	235.57	−0.056%	$2.5M	$4.6M	20x	as long as short
Polymarket Perps NBIS-USDshort	+0.0132%	1h	235.49	−0.090%	$142K	$462K	10x
Nado NBIS-PERP	+0.0139%	1h	235.49	−0.090%	$31K	$66K	3x	as long as short
BloFin NBIS-USDT	+0.0261%	8h	235.62	−0.034%	$207K	$211K	20x	as long as short
Variational Omni NBIS	+0.0263%	8h	235.53	−0.073%	$2.9M	$591K	—	as long as short
Aster NBISUSDTlong	+0.0263%	8h	235.70	long leg	$81K	$308K	50x
tradeXYZ xyz:NBIS	+0.0274%	1h	235.50	−0.085%	$55.1M	$23.6M	10x	as long as short
Binance NBISUSDT	+0.0287%	8h	235.60	−0.044%	$19.6M	$85.3M	25x	as long as short
Extended NBIS-USD	+0.0288%	1h	235.51	−0.082%	$151K	$705K	10x	as long as short
Lighter NBIS	+0.0296%	1h	235.69	−0.005%	$920K	$4.5M	10x	as long as short
Arcus NBIS-USD	+0.0366%	1h	235.62	−0.034%	$44K	$132K	5x	as long as short
GRVT NBIS_USDT_Perp	+0.0375%	8h	235.73	+0.011%	$5K	$131K	10x	as long as short
Phoenix NBIS	+0.0409%	1h	235.61	−0.039%	$7K	$163K	10x	as long as short
Entropy io:NBIS	+0.0865%	1h	235.57	−0.056%	$10.3M	$3.4M	10x	as long as short
edgeX NBISUSDC	+0.0981%	4h	235.58	−0.052%	$38K	$227K	10x	as long as short