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Funding arb · Price arb /

NBIS

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 21:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h +0.039%
Price spread now: Aster against Polymarket Perps−0.022%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$460.464% of the position
Long on Polymarket PerpsShort on Aster
What this pair did over the last
the charts below follow
Funding, last 7 days+0.046%+$5 on $10k
Price spread, last 3 days (all we have)−0.087%−$9 · spread now −0.022%, 7d avg −0.001%
Together, before fees−0.040%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.021% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.001%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps NBIS-USD232.340.0050pay 0.0006% / 1h31m 55s$141K$572K10x
ShortAster NBISUSDT232.290.0001get 0.0001% / 8h3h 31m$90K$289K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Polymarket Perps. 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

Funding earned
−$10.26
Price spread: −0.022% → −0.001%
−$2.07
Slippage, 4 orders
−$30.4
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Aster: 4 bp × 2 orders
−$8
Net
−$58.73
Costs to cover
0.464%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 16 min ago; Aster: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 16 min ago2.15 bp7.0 bp −$78.4 bp −$8436.1 bp −$3,615doesn't fit
Sell Aster live order book, 15 min ago3.22 bp8.4 bp −$81018.5 bp −$10.2Kdoesn't fitdoesn't fit

NBIS on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin NBIS-USDT−0.0026%8h232.26−0.034%$208K$215K20xas long as short
Extended NBIS-USD0.0000%1h232.30−0.016%$140K$694K10xas long as short
Binance NBISUSDT0.0000%8h232.33−0.003%$19.4M$85.7M25xas long as short
Bybit NBISUSDT0.0000%8h232.30−0.017%$5.1M$6.6M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h232.29−0.022%$3.4M$16.7M25xas long as short
Gate NBIS_USDT0.0000%8h232.29−0.022%$2.8M$5.1M50xas long as short
Bitget NBISUSDT0.0000%8h232.32−0.009%$2.5M$4.7M20xas long as short
Variational Omni NBIS0.0000%8h232.60+0.113%$2.8M$936K—as long as short
GRVT NBIS_USDT_Perp0.0000%8h232.69+0.151%$5K$147K10xas long as short
SunX NBIS-USDT0.0000%8h232.38+0.017%$1K$1.8M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX NBIS-USDT0.0000%8h232.85+0.220%$15K$115K20xas long as short
Phemex NBISUSDT0.0000%8h232.37+0.013%$1.6M$928K10xas long as short
Aster NBISUSDTshort+0.0001%8h232.29−0.022%$90K$289K50x
Deribit NBIS_USDC-PERPETUAL+0.0008%1h232.30−0.017%$35K$86K10xas long as short
QFEX NBIS-USD+0.0030%1h232.32−0.009%$1.5M$5.0M10xas long as short
Arcus NBIS-USD+0.0040%1h232.27−0.030%$40K$124K5xas long as short
Vest NBIS-USD-PERP+0.0046%1h232.30−0.017%—$230K5xas long as short
Polymarket Perps NBIS-USDlong+0.0050%1h232.34long leg$141K$572K10x
SoDEX NBIS-USD+0.0050%1h232.26−0.034%$79$20K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h232.25−0.039%$159K$480K10xas long as short
KuCoin NBISUSDTM+0.0100%8h232.12−0.095%$480K$24K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h232.28−0.026%$2K$4K10xas long as short
Aevo NBIS-PERP+0.0104%1h232.25−0.040%——10xas long as short
Lighter NBIS+0.0112%1h232.35+0.004%$962K$4.5M10xas long as short
tradeXYZ xyz:NBIS+0.0124%1h232.29−0.022%$54.1M$23.0M10xas long as short
Nado NBIS-PERP+0.0129%1h232.21−0.056%$29K$65K3xas long as short
edgeX NBISUSDC+0.0183%4h232.72+0.162%$37K$239K10xas long as short
Coinbase International NBIS-PERP-INTX+0.0208%1h232.48+0.060%$352K$689K10xas long as short
Entropy io:NBIS+0.0238%1h232.40+0.026%$10.2M$3.3M10xas long as short
Phoenix NBIS+0.0309%1h232.72+0.164%$7K$185K10xas long as short
Kraken Futures PF_NBISUSD+0.0404%1h232.29−0.021%$23K$13K20xas long as short