NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.019%

Price spread now: Lighter against Coinbase International−0.100%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.100%, 7d avg −0.036%

Together, before fees+0.063%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.064% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of −0.036%). If the spread goes back, that is −$6 on $10k: about 5.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NBIS-PERP-INTX	230.62	0.0168	pay 0.0021% / 1h	27m 33s	$353K	$792K	10x
Short	Lighter NBIS	230.39	0.0208	get 0.0026% / 1h	27m 33s	$915K	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now −0.100%Rate

Funding earned: $8.4
Price spread: −0.100% → −0.036%: −$6.41
Slippage, 4 orders: −$17.62
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$25.64
Costs to cover: 0.276%
Break-even: 28.4 days

Slippage from Coinbase International: live order book, 21 min ago; Lighter: live order book, 5 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 Coinbase International live order book, 21 min ago	7.11 bp	13.8 bp −$14	21.3 bp −$213	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.65 bp	0.8 bp −$1	2.3 bp −$23	78.3 bp −$7,834	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	−0.0441%	8h	230.45	−0.074%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0024%	8h	231.08	+0.199%	$206K	$205K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	−0.0010%	1h	230.30	−0.139%	$34K	$49K	10x	as long as short
Aster NBISUSDT	0.0000%	8h	230.38	−0.103%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.31	−0.136%	$144K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.36	−0.112%	$18.4M	$86.5M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.28	−0.147%	$4.9M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.23	−0.169%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.39	−0.100%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.59	−0.013%	$2.9M	$555K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NBIS_USDT_Perp	0.0000%	8h	230.84	+0.094%	$5K	$118K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.61	−0.004%	$759	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.89	+0.117%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.43	−0.082%	$1.6M	$955K	10x	as long as short
Nado NBIS-PERP	+0.0009%	1h	230.57	−0.023%	$37K	$115K	3x	as long as short
QFEX NBIS-USD	+0.0029%	1h	230.36	−0.113%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.54	−0.035%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.55	−0.030%	—	$219K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.40	−0.095%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.43	−0.082%	$92	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.75	+0.056%	$159K	$531K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0057%	1h	230.33	−0.126%	$53.5M	$20.5M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.36	−0.113%	$475K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.43	−0.082%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.40	−0.096%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTXlong	+0.0168%	1h	230.62	long leg	$353K	$792K	10x
Lighter NBISshort	+0.0208%	1h	230.39	−0.100%	$915K	$3.9M	10x
Kraken Futures PF_NBISUSD	+0.0224%	1h	230.31	−0.134%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	230.78	+0.069%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0296%	1h	230.56	−0.026%	$10.0M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0884%	4h	230.81	+0.084%	$37K	$225K	10x	as long as short