NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.84 per $10,000 · paid last 24h +0.035%

Price spread now: Phemex against Bitget−0.013%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1251.252% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.145%−$15 on $10k

Price spread, last 4 days (all we have)−0.144%−$14 · spread now −0.013%, 7d avg +0.011%

Together, before fees−0.289%−$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.024% cheaper against Bitget than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.011%). If the spread goes back, that is −$2 on $10k: about 23 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.145%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NBISUSDT	230.42	−0.0084	get 0.0084% / 8h	7h 02m	$2.3M	$4.6M	20x
Short	Phemex NBISUSDT	230.39	0	get 0.0000% / 8h	7h 02m	$1.5M	$971K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. 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 BitgetbpFee PhemexbpOrdersPrice spread, now −0.013%Rate

Funding earned: $17.64
Price spread: −0.013% → +0.011%: −$2.37
Slippage, 4 orders: −$101.24
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$109.97
Costs to cover: 1.252%
Break-even: 50.6 days

Slippage from Bitget: live order book, 1 min ago; Phemex: live order book, 1 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 Bitget live order book, 1 min ago	2.82 bp	15.3 bp −$15	25.1 bp −$251	33.7 bp −$3,373	doesn't fit
Sell Phemex live order book, 1 min ago	4.99 bp	51.2 bp −$51	doesn't fit	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 NBISUSDTlong	−0.0084%	8h	230.42	long leg	$2.3M	$4.6M	20x
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	230.78	+0.156%	$382K	$869K	10x	as long as short
Aster NBISUSDT	0.0000%	8h	230.09	−0.144%	$74K	$320K	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.34	−0.035%	$3.3M	$16.4M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.48	+0.026%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.53	+0.049%	$2.8M	$598K	—	as long as short
SunX NBIS-USDT	0.0000%	8h	230.17	−0.108%	$1K	$1.6M	10x	as long as short
Phemex NBISUSDTshort	0.0000%	8h	230.39	−0.013%	$1.5M	$971K	10x
BloFin NBIS-USDT	+0.0008%	8h	230.34	−0.035%	$200K	$214K	20x	as long as short
Extended NBIS-USD	+0.0032%	1h	230.34	−0.035%	$144K	$856K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NBISUSDT	+0.0036%	8h	230.46	+0.017%	$18.5M	$90.1M	25x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.33	−0.039%	$42K	$124K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.34	−0.035%	—	$246K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.42	0.000%	$137K	$467K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.33	−0.039%	$149K	$539K	10x	as long as short
QFEX NBIS-USD	+0.0064%	1h	230.39	−0.013%	$1.5M	$3.7M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.29	−0.056%	$473K	$95K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.37	−0.022%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.33	−0.038%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0132%	1h	230.06	−0.156%	$38K	$116K	3x	as long as short
HTX NBIS-USDT	+0.0185%	8h	230.48	+0.026%	$13K	$62K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0188%	1h	230.46	+0.017%	$54.0M	$21.9M	10x	as long as short
Bybit NBISUSDT	+0.0246%	8h	230.39	−0.013%	$4.8M	$6.8M	50x	as long as short
Lighter NBIS	+0.0248%	1h	230.46	+0.017%	$924K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0277%	1h	230.48	+0.026%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0412%	1h	230.30	−0.052%	$10.0M	$3.2M	10x	as long as short
SoDEX NBIS-USD	+0.0415%	1h	230.35	−0.030%	$78	$20K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0619%	1h	230.44	+0.009%	$34K	$50K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0677%	1h	230.41	−0.005%	$22K	$16K	20x	as long as short
edgeX NBISUSDC	+0.0741%	4h	230.53	+0.047%	$37K	$227K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0765%	8h	230.54	+0.052%	$5K	$114K	10x	as long as short