Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.022%

Price spread now: Aster against Nado+0.101%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1321.324% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.101%, 7d avg +0.010%

Together, before fees−0.122%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.091% dearer against Nado than usual: you sell high and buy low (spread +0.101% now, against its 7-day average of +0.010%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.8 days. At the pace of the last 3 days (−0.006% in total) that is about 55 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NBIS-PERP	230.41	0.0064	pay 0.0008% / 1h	42m 14s	$37K	$115K	3x
Short	Aster NBISUSDT	230.65	0	get 0.0000% / 8h	1h 42m	$84K	$311K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$13.4
Price spread: +0.101% → +0.010%: $9.13
Slippage, 4 orders: −$117.39
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$136.66
Costs to cover: 1.324%
Break-even: never at this rate

Slippage from Nado: live order book, 61 min ago; Aster: live order book, 65 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 Nado live order book, 61 min ago	11.23 bp	29.0 bp −$29	516.7 bp −$5,167	doesn't fit	doesn't fit
Sell Aster live order book, 65 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	−0.0468%	8h	230.55	+0.059%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDTshort	0.0000%	8h	230.65	+0.101%	$84K	$311K	50x
Extended NBIS-USD	0.0000%	1h	230.51	+0.044%	$144K	$678K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.62	+0.090%	$18.5M	$87.3M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.58	+0.072%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.58	+0.072%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.60	+0.081%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.87	+0.200%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.91	+0.215%	$5K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.53	+0.051%	$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
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	230.40	−0.006%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.86	+0.194%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.62	+0.090%	$1.6M	$963K	10x	as long as short
BloFin NBIS-USDT	+0.0001%	8h	230.38	−0.014%	$203K	$205K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.59	+0.077%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.33	−0.036%	—	$221K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.41	−0.001%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.43	+0.007%	$88	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.31	−0.045%	$151K	$547K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	230.44	+0.012%	$1.5M	$3.9M	10x	as long as short
Nado NBIS-PERPlong	+0.0064%	1h	230.41	long leg	$37K	$115K	3x
KuCoin NBISUSDTM	+0.0100%	8h	230.52	+0.046%	$475K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.56	+0.064%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.52	+0.048%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	230.50	+0.038%	$350K	$812K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0137%	1h	230.38	−0.014%	$54.2M	$21.0M	10x	as long as short
Lighter NBIS	+0.0192%	1h	230.63	+0.094%	$947K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	230.96	+0.237%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0383%	1h	230.76	+0.151%	$10.0M	$3.1M	10x	as long as short
edgeX NBISUSDC	+0.0470%	4h	230.86	+0.195%	$37K	$228K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0686%	1h	230.49	+0.033%	$23K	$15K	20x	as long as short