NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0330%/8h= +36.2% APRnext payment +$3.30 per $10,000 · paid last 24h +0.019%

Price spread now: GRVT against Bybit−0.048%80s7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as 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−$590.586% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 4 days (all we have)+0.239%+$24 · spread now −0.048%, 7d avg +0.006%

Together, before fees+0.203%+ Points / potential airdropGRVT: Active · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.053% cheaper against Bybit than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.006%). If the spread goes back, that is −$5 on $10k: about 13 hours of funding at the current rate (+$10 a day). The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.30 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NBISUSDT	230.88	0.0023	pay 0.0023% / 8h	6h 18m	$4.9M	$6.8M	50x
Short	GRVT NBIS_USDT_Perp	230.77	0.0353	get 0.0353% / 8h	6h 18m	$5K	$104K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bybit. 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 BybitbpFee GRVTbpOrdersPrice spread, now −0.048%Rate

Funding earned: $69.4
Price spread: −0.048% → +0.006%: −$5.33
Slippage, 4 orders: −$38.6
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $5.46
Costs to cover: 0.586%
Break-even: 6.4 days

Slippage from Bybit: live order book, 3 min ago; GRVT: live order book, 30 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 Bybit live order book, 3 min ago	1.52 bp	17.3 bp −$17	67.8 bp −$678	doesn't fit	doesn't fit
Sell GRVT live order book, 30 min ago	1.73 bp	12.0 bp −$12	doesn't fit	doesn't fit	doesn't fit

NBIS on 31 exchanges

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
OKX NBIS-USDT-SWAP	0.0000%	8h	230.87	−0.004%	$3.3M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.84	−0.017%	$2.7M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	230.88	0.000%	$2.3M	$4.7M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.86	−0.009%	$1K	$1.5M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.79	−0.039%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.96	+0.035%	$1.6M	$970K	10x	as long as short
Variational Omni NBIS	+0.0010%	8h	230.73	−0.064%	$2.8M	$642K	—	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0010%	1h	230.68	−0.087%	$34K	$50K	10x	as long as short
Bybit NBISUSDTlong	+0.0023%	8h	230.88	long leg	$4.9M	$6.8M	50x
Aster NBISUSDT	+0.0027%	8h	230.90	+0.009%	$74K	$315K	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0046%	1h	230.85	−0.013%	—	$250K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.72	−0.069%	$137K	$472K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.79	−0.039%	$65	$19K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.68	−0.087%	$151K	$538K	10x	as long as short
QFEX NBIS-USD	+0.0054%	1h	230.76	−0.052%	$1.5M	$3.7M	10x	as long as short
Extended NBIS-USD	+0.0056%	1h	230.76	−0.052%	$145K	$854K	10x	as long as short
Binance NBISUSDT	+0.0059%	8h	230.87	−0.004%	$19.6M	$91.5M	25x	as long as short
BloFin NBIS-USDT	+0.0079%	8h	230.88	0.000%	$205K	$219K	20x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0088%	1h	230.69	−0.082%	$380K	$873K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.69	−0.082%	$469K	$145K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.85	−0.013%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.78	−0.043%	—	—	10x	as long as short
edgeX NBISUSDC	+0.0109%	4h	230.76	−0.053%	$37K	$227K	10x	as long as short
Nado NBIS-PERP	+0.0132%	1h	230.67	−0.091%	$38K	$116K	3x	as long as short
Arcus NBIS-USD	+0.0257%	1h	230.73	−0.065%	$42K	$122K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0298%	1h	230.73	−0.065%	$54.2M	$20.4M	10x	as long as short
Phoenix NBIS	+0.0347%	1h	230.98	+0.043%	$7K	$127K	10x	as long as short
GRVT NBIS_USDT_Perpshort	+0.0353%	8h	230.77	−0.048%	$5K	$104K	10x
Lighter NBIS	+0.0392%	1h	231.01	+0.056%	$935K	$4.1M	10x	as long as short
Entropy io:NBIS	+0.0655%	1h	230.72	−0.069%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0770%	1h	230.68	−0.085%	$22K	$11K	20x	as long as short