Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0718%/8h= −78.6% APRpaid last 24h −0.103%

Price spread now: Aster against edgeX+0.052%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$204as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1361.357% of the position

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.679%−$68 on $10k

Price spread, last 3 days (all we have)−0.137%−$14 · spread now +0.052%, 7d avg −0.004%

Together, before fees−0.816%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board−$82 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.056% dearer against edgeX than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of −0.004%): +$6 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.679% in total) that is about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NBISUSDC	235.58	0.0981	pay 0.0491% / 4h	3h 00m	$38K	$227K	10x
Short	Aster NBISUSDT	235.70	0.0263	get 0.0263% / 8h	7h 00m	$81K	$308K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$150.77
Price spread: +0.052% → −0.004%: $5.65
Slippage, 4 orders: −$118.74
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$280.87
Costs to cover: 1.357%
Break-even: never at this rate

Slippage from edgeX: live order book, 6 min ago; Aster: 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 edgeX live order book, 6 min ago	5.52 bp	15.3 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	9.54 bp	16.9 bp −$17	1414.5 bp −$14.1K	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
Kraken Futures PF_NBISUSD	−0.0179%	1h	235.43	−0.064%	$24K	$15K	20x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.63	+0.022%	$5.1M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.69	+0.047%	$3.4M	$16.8M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.57	−0.004%	$2.8M	$5.2M	50x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.61	+0.013%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.45	−0.055%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.71	+0.056%	$15K	$66K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.58	+0.001%	$1.6M	$973K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0016%	1h	236.05	+0.200%	$386K	$736K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.55	−0.012%	$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	+0.158%	—	$223K	5x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.80	+0.094%	$174K	$503K	10x	as long as short
SoDEX NBIS-USD	+0.0064%	1h	235.57	−0.004%	$94	$20K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.42	−0.067%	$485K	$22K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.56	−0.008%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.58	0.000%	—	—	10x	as long as short
Bitget NBISUSDT	+0.0110%	8h	235.57	−0.004%	$2.5M	$4.6M	20x	as long as short
Polymarket Perps NBIS-USD	+0.0132%	1h	235.49	−0.038%	$142K	$462K	10x	as long as short
Nado NBIS-PERP	+0.0139%	1h	235.49	−0.039%	$31K	$66K	3x	as long as short
BloFin NBIS-USDT	+0.0261%	8h	235.62	+0.018%	$207K	$211K	20x	as long as short
Variational Omni NBIS	+0.0263%	8h	235.53	−0.021%	$2.9M	$591K	—	as long as short
Aster NBISUSDTshort	+0.0263%	8h	235.70	+0.052%	$81K	$308K	50x
tradeXYZ xyz:NBIS	+0.0273%	1h	235.49	−0.038%	$55.1M	$23.6M	10x	as long as short
Binance NBISUSDT	+0.0287%	8h	235.61	+0.013%	$19.6M	$85.3M	25x	as long as short
Extended NBIS-USD	+0.0288%	1h	235.54	−0.016%	$151K	$705K	10x	as long as short
Lighter NBIS	+0.0296%	1h	235.69	+0.047%	$920K	$4.5M	10x	as long as short
Arcus NBIS-USD	+0.0366%	1h	235.62	+0.018%	$44K	$132K	5x	as long as short
GRVT NBIS_USDT_Perp	+0.0375%	8h	235.73	+0.063%	$5K	$131K	10x	as long as short
Phoenix NBIS	+0.0409%	1h	235.61	+0.013%	$7K	$163K	10x	as long as short
Entropy io:NBIS	+0.0865%	1h	235.57	−0.004%	$10.3M	$3.4M	10x	as long as short
edgeX NBISUSDClong	+0.0981%	4h	235.58	long leg	$38K	$227K	10x