NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.11 per $10,000 · paid last 24h −0.028%

Price spread now: Phemex against BloFin−0.026%59s7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1291.286% of the position

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.026%, 7d avg −0.002%

Together, before fees−0.081%−$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.024% cheaper against BloFin than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of −0.002%). If the spread goes back, that is −$2 on $10k: about 7.3 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.128%, so the current rate has only just turned in your favour. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NBIS-USDT	231.95	−0.0011	get 0.0011% / 8h	2h 02m	$202K	$206K	20x
Short	Phemex NBISUSDT	231.89	0	get 0.0000% / 8h	2h 02m	$1.6M	$959K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against BloFin. 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 BloFinbpFee PhemexbpOrdersPrice spread, now −0.026%Rate

Funding earned: $2.27
Price spread: −0.026% → −0.002%: −$2.38
Slippage, 4 orders: −$104.57
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$128.68
Costs to cover: 1.286%
Break-even: 404.2 days

Slippage from BloFin: live order book, 14 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 BloFin live order book, 14 min ago	0.86 bp	9.8 bp −$10	21.8 bp −$218	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	3.45 bp	40.0 bp −$40	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 NBISUSDT	−0.0397%	8h	231.92	−0.013%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDTlong	−0.0011%	8h	231.95	long leg	$202K	$206K	20x
Aster NBISUSDT	0.0000%	8h	231.88	−0.031%	$85K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.83	−0.051%	$146K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	232.01	+0.027%	$18.6M	$87.1M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.98	+0.013%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.87	−0.034%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.91	−0.017%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	232.29	+0.148%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.27	+0.136%	$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	232.11	+0.069%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	232.09	+0.060%	$15K	$61K	20x	as long as short
Phemex NBISUSDTshort	0.0000%	8h	231.89	−0.026%	$1.6M	$959K	10x
QFEX NBIS-USD	+0.0029%	1h	231.83	−0.052%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.92	−0.013%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.76	−0.082%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.76	−0.082%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.68	−0.116%	$151K	$547K	10x	as long as short
Nado NBIS-PERP	+0.0058%	1h	231.60	−0.149%	$38K	$115K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.69	−0.112%	$478K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.85	−0.043%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.84	−0.047%	—	—	10x	as long as short
SoDEX NBIS-USD	+0.0114%	1h	231.87	−0.034%	$74	$20K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0125%	1h	231.92	−0.013%	$54.5M	$21.1M	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	232.18	+0.099%	$352K	$816K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0222%	1h	231.78	−0.072%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	232.20	+0.108%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0272%	1h	231.85	−0.043%	$940K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0400%	1h	231.88	−0.030%	$10.1M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0481%	4h	232.13	+0.080%	$37K	$227K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0786%	1h	231.79	−0.069%	$34K	$49K	10x	as long as short