NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0062%/8h= −6.7% APRnext payment −$0.08 per $10,000 · paid last 24h −0.069%

Price spread now: Ondo Perps against Coinbase International−1.127%7-day average −0.115% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.349%−$35 on $10k

Price spread, last 3 days (all we have)+0.990%+$99 · spread now −1.127%, 7d avg −0.115%

Together, before fees+0.641%+ Points / potential airdropOndo Perps: Active · farm board+$64 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Ondo Perps is 1.012% cheaper against Coinbase International than usual: you would sell low and buy high (−$101 if the spread goes back to its 7-day average of −0.115%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NBIS-PERP-INTX	236.05	0.0112	pay 0.0014% / 1h	41m 27s	$386K	$722K	10x
Short	Ondo Perps NBIS-USD.P	233.39	0.0050	get 0.0006% / 1h	41m 27s	$163K	$501K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −1.127%Rate

Funding earned: −$12.94
Price spread: −1.127% → −0.115%: −$101.17
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$129.11
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 27 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 27 min ago	4.88 bp	11.3 bp −$11	18.0 bp −$180	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bybit NBISUSDT	0.0000%	8h	233.46	−1.097%	$5.1M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.42	−1.114%	$3.4M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.46	−1.097%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.49	−1.085%	$2.4M	$4.5M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.49	−1.085%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	233.34	−1.148%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.78	−0.962%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.47	−1.093%	$1.6M	$972K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	233.45	−1.101%	$1.5M	$4.7M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.55	−1.059%	$42K	$135K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0046%	1h	233.56	−1.055%	—	$226K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.34	−1.148%	$148K	$468K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.44	−1.106%	$93	$20K	10x	as long as short
Ondo Perps NBIS-USD.Pshort	+0.0050%	1h	233.39	−1.127%	$163K	$501K	10x
GRVT NBIS_USDT_Perp	+0.0062%	8h	233.77	−0.968%	$5K	$130K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	233.41	−1.120%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.32	−1.157%	$481K	$22K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.46	−1.097%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.42	−1.112%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTXlong	+0.0112%	1h	236.05	long leg	$386K	$722K	10x
tradeXYZ xyz:NBIS	+0.0130%	1h	233.38	−1.131%	$54.7M	$22.9M	10x	as long as short
Nado NBIS-PERP	+0.0170%	1h	233.27	−1.179%	$69K	$93K	3x	as long as short
Aster NBISUSDT	+0.0223%	8h	233.52	−1.073%	$81K	$314K	50x	as long as short
Variational Omni NBIS	+0.0232%	8h	233.84	−0.937%	$2.9M	$560K	—	as long as short
BloFin NBIS-USDT	+0.0234%	8h	234.04	−0.852%	$207K	$209K	20x	as long as short
Binance NBISUSDT	+0.0244%	8h	233.40	−1.121%	$19.2M	$85.2M	25x	as long as short
Extended NBIS-USD	+0.0248%	1h	233.31	−1.160%	$150K	$705K	10x	as long as short
Lighter NBIS	+0.0296%	1h	233.45	−1.101%	$902K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	234.04	−0.852%	$7K	$152K	10x	as long as short
edgeX NBISUSDC	+0.0339%	4h	233.68	−1.004%	$38K	$225K	10x	as long as short
Entropy io:NBIS	+0.0359%	1h	233.61	−1.034%	$10.1M	$3.4M	10x	as long as short