Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%
Price spread now: Phemex against Bybit−0.039%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1191.192% of the position
Funding, last 7 days−0.165%−$16 on $10k
+Price spread, last 4 days (all we have)−0.077%−$8 · spread now −0.039%, 7d avg +0.012%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.052% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NBISUSDT | 228.75 | 0 | get 0.0000% / 8h | 7h 21m | $4.8M | $6.7M | 50x |
| Short | Phemex NBISUSDT | 228.66 | 0 | get 0.0000% / 8h | 7h 21m | $1.5M | $971K | 10x |
Bybit NBISUSDT
Phemex NBISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.039% → +0.012%
- −$5.17
- Slippage, 4 orders
- −$96.15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$124.32
- Costs to cover
- 1.192%
- Break-even
- never at this rate
Slippage from Bybit: 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 Bybit live order book, 1 min ago | 1.75 bp | 12.6 bp −$13 | 54.3 bp −$543 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 4.37 bp | 45.0 bp −$45 | 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 | −0.0210% | 8h | 228.78 | +0.013% | $2.3M | $4.6M | 20x | as long as short |
| Coinbase International NBIS-PERP-INTX | −0.0008% | 1h | 226.87 | −0.822% | $352K | $801K | 10x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 228.17 | −0.255% | $73K | $320K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 228.72 | −0.014% | $143K | $859K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 228.81 | +0.028% | $18.4M | $89.7M | 25x | as long as short |
| Bybit NBISUSDTlong | 0.0000% | 8h | 228.75 | long leg | $4.8M | $6.7M | 50x | |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 228.78 | +0.013% | $3.2M | $16.1M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 228.69 | −0.026% | $2.7M | $5.2M | 50x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 227.33 | −0.623% | $2.8M | $598K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 227.62 | −0.494% | $4K | $113K | 10x | as long as short |
Bitget NBISUSDT
Coinbase International NBIS-PERP-INTX
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Variational Omni NBIS
GRVT NBIS_USDT_PerpShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX NBIS-USDT | 0.0000% | 8h | 228.86 | +0.048% | $1K | $1.6M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 227.64 | −0.485% | $13K | $62K | 20x | as long as short |
| Phemex NBISUSDTshort | 0.0000% | 8h | 228.66 | −0.039% | $1.5M | $971K | 10x | |
| BloFin NBIS-USDT | +0.0001% | 8h | 228.35 | −0.175% | $202K | $212K | 20x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 228.81 | +0.026% | $41K | $124K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 228.47 | −0.122% | — | $246K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 228.50 | −0.109% | $136K | $466K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 228.46 | −0.127% | $146K | $532K | 10x | as long as short |
| Nado NBIS-PERP | +0.0062% | 1h | 228.38 | −0.161% | $38K | $116K | 3x | as long as short |
| QFEX NBIS-USD | +0.0064% | 1h | 228.74 | −0.004% | $1.5M | $3.7M | 10x | as long as short |
| SoDEX NBIS-USD | +0.0086% | 1h | 228.57 | −0.079% | $69 | $20K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0100% | 1h | 228.52 | −0.101% | $53.3M | $21.5M | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 228.35 | −0.175% | $470K | $74K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 228.46 | −0.127% | $2K | $3K | 10x | as long as short |
| Lighter NBIS | +0.0104% | 1h | 228.50 | −0.109% | $909K | $4.1M | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 228.43 | −0.138% | — | — | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0144% | 1h | 228.47 | −0.122% | $34K | $49K | 10x | as long as short |
| edgeX NBISUSDC | +0.0199% | 4h | 227.59 | −0.509% | $37K | $226K | 10x | as long as short |
| Phoenix NBIS | +0.0277% | 1h | 227.46 | −0.564% | $7K | $125K | 10x | as long as short |
| Entropy io:NBIS | +0.0300% | 1h | 228.25 | −0.219% | $9.9M | $3.1M | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0683% | 1h | 228.56 | −0.085% | $22K | $16K | 20x | as long as short |
SunX NBIS-USDT
HTX NBIS-USDT
BloFin NBIS-USDT
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
Ondo Perps NBIS-USD.P
Nado NBIS-PERP
QFEX NBIS-USD
SoDEX NBIS-USD
tradeXYZ xyz:NBIS
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Lighter NBIS
Aevo NBIS-PERP
Deribit NBIS_USDC-PERPETUAL
edgeX NBISUSDC
Phoenix NBIS
Entropy io:NBIS
Kraken Futures PF_NBISUSD