Settings8H · net · $10k
Funding arb · Price arb /

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0213%/8h= −23.3% APRpaid last 24h +0.042%
Price spread now: tradeXYZ against Aster−0.206%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1291.286% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.189%+$19 on $10k
Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.206%, 7d avg +0.006%
Together, before fees+0.351%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board+$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and tradeXYZ is 0.212% cheaper against Aster than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.006%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.189%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster NBISUSDT235.810.0263pay 0.0263% / 8h6h 59m$82K$308K50x
ShorttradeXYZ xyz:NBIS235.320.0050get 0.0006% / 1h59m 04s$55.1M$23.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Funding earned
−$44.76
Price spread: −0.206% → +0.006%
−$21.22
Slippage, 4 orders
−$102.57
Fee Aster: 4 bp × 2 orders
−$8
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$194.55
Costs to cover
1.286%
Break-even
never at this rate
Slippage from Aster: live order book, 8 min ago; tradeXYZ: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 8 min ago9.54 bp87.1 bp −$87doesn't fitdoesn't fitdoesn't fit
Sell tradeXYZ live order book, 10 min ago1.06 bp11.5 bp −$1215.7 bp −$157doesn't fitdoesn't fit

NBIS on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NBISUSDT0.0000%8h235.39−0.176%$5.1M$6.4M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h235.36−0.189%$3.4M$16.7M25xas long as short
Gate NBIS_USDT0.0000%8h235.42−0.163%$2.8M$4.9M50xas long as short
SunX NBIS-USDT0.0000%8h235.35−0.193%$1K$1.7M10xas long as short
Deribit NBIS_USDC-PERPETUAL0.0000%1h235.33−0.202%$35K$48K10xas long as short
HTX NBIS-USDT0.0000%8h235.61−0.083%$15K$66K20xas long as short
Phemex NBISUSDT0.0000%8h235.40−0.172%$1.6M$972K10xas long as short
QFEX NBIS-USD+0.0038%1h235.43−0.159%$1.5M$4.9M10xas long as short
Vest NBIS-USD-PERP+0.0046%1h235.85+0.019%$223K5xas long as short
tradeXYZ xyz:NBISshort+0.0050%1h235.32−0.206%$55.1M$23.6M10x
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps NBIS-USD+0.0050%1h235.46−0.146%$142K$462K10xas long as short
SoDEX NBIS-USD+0.0050%1h235.36−0.189%$94$20K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h235.44−0.155%$174K$502K10xas long as short
Kraken Futures PF_NBISUSD+0.0095%1h235.31−0.211%$24K$15K20xas long as short
KuCoin NBISUSDTM+0.0100%8h235.39−0.176%$485K$22K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h235.50−0.129%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h235.40−0.171%10xas long as short
Bitget NBISUSDT+0.0106%8h235.44−0.155%$2.5M$4.6M20xas long as short
Coinbase International NBIS-PERP-INTX+0.0112%1h236.05+0.104%$386K$736K10xas long as short
Nado NBIS-PERP+0.0134%1h235.47−0.143%$31K$66K3xas long as short
Variational Omni NBIS+0.0263%8h235.53−0.117%$2.9M$591Kas long as short
Aster NBISUSDTlong+0.0263%8h235.81long leg$82K$308K50x
Binance NBISUSDT+0.0287%8h235.42−0.163%$19.5M$85.3M25xas long as short
Lighter NBIS+0.0288%1h235.42−0.163%$919K$4.4M10xas long as short
Extended NBIS-USD+0.0288%1h235.41−0.166%$151K$705K10xas long as short
BloFin NBIS-USDT+0.0310%8h235.50−0.129%$207K$210K20xas long as short
GRVT NBIS_USDT_Perp+0.0361%8h235.62−0.078%$5K$131K10xas long as short
Arcus NBIS-USD+0.0366%1h235.58−0.096%$44K$133K5xas long as short
Entropy io:NBIS+0.0388%1h235.61−0.083%$10.3M$3.4M10xas long as short
Phoenix NBIS+0.0409%1h235.61−0.083%$7K$149K10xas long as short
edgeX NBISUSDC+0.0981%4h235.58−0.096%$38K$227K10xas long as short