Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%

Price spread now: Variational Omni against Aster−0.049%7-day average +0.046% · you buy dearer than you sell

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.710%+$71 · spread now −0.049%, 7d avg +0.046%

Together, before fees+0.706%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board+$71 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: Variational Omni is 0.095% cheaper against Aster than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NBISUSDT	231.30	0	get 0.0000% / 8h	12m 53s	$84K	$311K	50x
Short	Variational Omni NBIS	231.19	0	get 0.0000% / 8h	12m 53s	$2.8M	$589K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → +0.046%: −$9.47
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.47
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 24 min ago; Variational Omni: RFQ quote, 1 min ago. 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, 24 min ago	3.24 bp	15.3 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	4.60 bp	doesn't fit	51.8 bp −$518	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
Bitget NBISUSDT	−0.0379%	8h	231.38	+0.034%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDTlong	0.0000%	8h	231.30	long leg	$84K	$311K	50x
Extended NBIS-USD	0.0000%	1h	231.33	+0.014%	$144K	$878K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.39	+0.038%	$18.8M	$87.9M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.39	+0.038%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.25	−0.022%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.40	+0.042%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBISshort	0.0000%	8h	231.19	−0.049%	$2.8M	$589K	—
GRVT NBIS_USDT_Perp	0.0000%	8h	231.29	−0.005%	$4K	$115K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.40	+0.042%	$1K	$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	231.41	+0.047%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.43	+0.055%	$1.6M	$969K	10x	as long as short
BloFin NBIS-USDT	+0.0001%	8h	231.34	+0.017%	$204K	$212K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.05	−0.109%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.36	+0.025%	$1.5M	$3.7M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.20	−0.044%	—	$223K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.28	−0.009%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.12	−0.079%	$150K	$543K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.394%	$353K	$805K	10x	as long as short
SoDEX NBIS-USD	+0.0065%	1h	231.33	+0.012%	$83	$20K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.21	−0.040%	$476K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.39	+0.038%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.34	+0.016%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0114%	1h	231.24	−0.027%	$54.1M	$21.2M	10x	as long as short
Nado NBIS-PERP	+0.0187%	1h	231.05	−0.109%	$38K	$116K	3x	as long as short
Lighter NBIS	+0.0280%	1h	231.30	−0.001%	$943K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0312%	1h	231.30	−0.001%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0421%	1h	231.08	−0.096%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.27	−0.013%	$23K	$15K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0615%	1h	231.30	−0.001%	$34K	$49K	10x	as long as short
edgeX NBISUSDC	+0.0839%	4h	231.21	−0.040%	$37K	$228K	10x	as long as short