Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.022%

Price spread now: Aster against Extended−0.078%7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$960.964% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.078%, 7d avg +0.036%

Together, before fees+0.183%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$18 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: Aster is 0.114% cheaper against Extended than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NBIS-USD	232.27	0	get 0.0000% / 1h	6m 31s	$146K	$753K	10x
Short	Aster NBISUSDT	232.09	0	get 0.0000% / 8h	2h 06m	$85K	$311K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → +0.036%: −$11.37
Slippage, 4 orders: −$83.4
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$107.77
Costs to cover: 0.964%
Break-even: never at this rate

Slippage from Extended: live order book, 41 min ago; Aster: live order book, 40 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 Extended live order book, 41 min ago	1.94 bp	11.8 bp −$12	141.4 bp −$1,414	doesn't fit	doesn't fit
Sell Aster live order book, 40 min ago	3.45 bp	26.4 bp −$26	1766.0 bp −$17.7K	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	−0.0429%	8h	232.32	+0.022%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0009%	8h	232.38	+0.048%	$203K	$206K	20x	as long as short
Aster NBISUSDTshort	0.0000%	8h	232.09	−0.078%	$85K	$311K	50x
Extended NBIS-USDlong	0.0000%	1h	232.27	long leg	$146K	$753K	10x
Binance NBISUSDT	0.0000%	8h	232.33	+0.024%	$18.6M	$87.0M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	232.31	+0.018%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	232.32	+0.022%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.31	+0.018%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	232.26	−0.002%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.32	+0.022%	$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	232.23	−0.017%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	232.23	−0.017%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	232.32	+0.022%	$1.6M	$957K	10x	as long as short
QFEX NBIS-USD	+0.0029%	1h	232.24	−0.013%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	232.07	−0.086%	$42K	$132K	5x	as long as short
edgeX NBISUSDC	+0.0045%	4h	232.19	−0.034%	$37K	$226K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	232.26	−0.004%	—	$220K	5x	as long as short
Nado NBIS-PERP	+0.0046%	1h	232.02	−0.109%	$38K	$115K	3x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	232.24	−0.013%	$138K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.29	+0.009%	$151K	$548K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.06	−0.090%	$478K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.24	−0.013%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.20	−0.030%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0113%	1h	232.22	−0.021%	$54.6M	$21.1M	10x	as long as short
SoDEX NBIS-USD	+0.0158%	1h	232.30	+0.013%	$79	$20K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	231.92	−0.150%	$351K	$815K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0222%	1h	232.31	+0.017%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	232.31	+0.018%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0264%	1h	232.24	−0.013%	$939K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0395%	1h	232.03	−0.103%	$10.1M	$3.2M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0957%	1h	232.25	−0.008%	$34K	$49K	10x	as long as short