NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0218%/8h= +23.9% APRnext payment +$2.18 per $10,000 · paid last 24h +0.038%

Price spread now: Aster against Phemex+0.063%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$175as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$1881.877% of the position

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.130%+$13 on $10k

Price spread, last 3 days (all we have)−0.019%−$2 · spread now +0.063%, 7d avg −0.017%

Together, before fees+0.111%+ Points / potential airdropAster: Stage 5 · farm board+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Aster is 0.079% dearer against Phemex than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.017%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.130% in total (about 6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.18 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NBISUSDT	233.42	0	get 0.0000% / 8h	6h 38m	$1.6M	$971K	10x
Short	Aster NBISUSDT	233.57	0.0218	get 0.0218% / 8h	6h 38m	$81K	$314K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now +0.063%Rate

Funding earned: $45.77
Price spread: +0.063% → −0.017%: $7.92
Slippage, 4 orders: −$167.7
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$134.01
Costs to cover: 1.877%
Break-even: 27.5 days

Slippage from Phemex: live order book, 4 min ago; Aster: live order book, 28 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 Phemex live order book, 4 min ago	0.86 bp	39.2 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 28 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
Bybit NBISUSDT	0.0000%	8h	233.39	−0.013%	$5.1M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.31	−0.047%	$3.4M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.44	+0.009%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.37	−0.021%	$2.4M	$4.5M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.40	−0.009%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.78	+0.154%	$15K	$60K	20x	as long as short
Phemex NBISUSDTlong	0.0000%	8h	233.42	long leg	$1.6M	$971K	10x
QFEX NBIS-USD	+0.0024%	1h	233.30	−0.051%	$1.5M	$4.7M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0036%	8h	233.58	+0.069%	$5K	$129K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.42	0.000%	$42K	$132K	5x	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	233.43	+0.004%	—	$226K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.29	−0.056%	$148K	$468K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.35	−0.030%	$98	$20K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0050%	1h	233.26	−0.069%	$35K	$48K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.39	−0.013%	$163K	$498K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	233.24	−0.079%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.38	−0.017%	$481K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.33	−0.039%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.36	−0.025%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+1.127%	$386K	$721K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0117%	1h	233.29	−0.056%	$54.7M	$20.0M	10x	as long as short
Nado NBIS-PERP	+0.0156%	1h	233.22	−0.084%	$67K	$94K	3x	as long as short
Aster NBISUSDTshort	+0.0218%	8h	233.57	+0.063%	$81K	$314K	50x
Variational Omni NBIS	+0.0223%	8h	233.46	+0.017%	$2.8M	$570K	—	as long as short
BloFin NBIS-USDT	+0.0234%	8h	234.04	+0.266%	$207K	$209K	20x	as long as short
Binance NBISUSDT	+0.0240%	8h	233.38	−0.016%	$19.2M	$85.1M	25x	as long as short
Extended NBIS-USD	+0.0240%	1h	233.37	−0.020%	$150K	$705K	10x	as long as short
Lighter NBIS	+0.0288%	1h	233.44	+0.009%	$901K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	233.43	+0.004%	$7K	$152K	10x	as long as short
edgeX NBISUSDC	+0.0339%	4h	233.68	+0.111%	$38K	$225K	10x	as long as short
Entropy io:NBIS	+0.0353%	1h	233.51	+0.039%	$10.1M	$3.3M	10x	as long as short