Funding you earn now, next payment 03:00 UTC+0.0507%/8h= +55.5% APRnext payment +$0.63 per $10,000 · paid last 24h +0.125%
Price spread now: Entropy against Deribit+0.128%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Entropy is 0.128% dearer against Deribit than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit NBIS_USDC-PERPETUAL | 233.69 | 0.0050 | pay 0.0006% / 1h | 58m 30s | $35K | $48K | 10x |
| Short | Entropy io:NBIS | 233.99 | 0.0557 | get 0.0070% / 1h | 58m 30s | $10.2M | $3.3M | 10x |
Deribit NBIS_USDC-PERPETUAL
Entropy io:NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against Deribit. 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
- $106.51
- Price spread: +0.128% → 0.000%
- $12.84
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- $94.35
- Costs to cover
- 0.250%
- Break-even
- 0.8 days
Slippage unknown: Deribit: no order-book sample; Entropy: live order book, 8 min ago. 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Entropy live order book, 8 min ago | 1.28 bp | 14.6 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
Deribit: 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 30 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 | 234.17 | +0.205% | $5.0M | $6.3M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 234.14 | +0.193% | $3.4M | $16.3M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 234.14 | +0.193% | $2.8M | $4.9M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 234.08 | +0.167% | $2.4M | $4.4M | 20x | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 234.04 | +0.151% | $5K | $128K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 233.63 | −0.026% | $922 | $1.7M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 233.74 | +0.021% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 233.92 | +0.098% | $1.6M | $970K | 10x | as long as short |
| Nado NBIS-PERP | +0.0018% | 1h | 233.83 | +0.062% | $67K | $95K | 3x | as long as short |
| QFEX NBIS-USD | +0.0023% | 1h | 233.93 | +0.103% | $1.5M | $4.4M | 10x | as long as short |
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDT
Nado NBIS-PERP
QFEX NBIS-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NBIS-USD | +0.0040% | 1h | 233.81 | +0.051% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 234.05 | +0.154% | — | $215K | 5x | as long as short |
| Deribit NBIS_USDC-PERPETUALlong | +0.0050% | 1h | 233.69 | long leg | $35K | $48K | 10x | |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 234.04 | +0.150% | $149K | $453K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 233.71 | +0.009% | $19 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 234.04 | +0.150% | $164K | $497K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 234.05 | +0.154% | $482K | $21K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 234.08 | +0.167% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 233.71 | +0.008% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0104% | 1h | 233.53 | −0.068% | $382K | $712K | 10x | as long as short |
| Variational Omni NBIS | +0.0141% | 8h | 233.95 | +0.113% | $2.8M | $570K | — | as long as short |
| Kraken Futures PF_NBISUSD | +0.0152% | 1h | 233.85 | +0.068% | $24K | $15K | 20x | as long as short |
| Aster NBISUSDT | +0.0154% | 8h | 234.24 | +0.235% | $81K | $307K | 50x | as long as short |
| Binance NBISUSDT | +0.0167% | 8h | 234.17 | +0.205% | $19.1M | $84.7M | 25x | as long as short |
| Extended NBIS-USD | +0.0168% | 1h | 234.01 | +0.138% | $147K | $698K | 10x | as long as short |
| Lighter NBIS | +0.0248% | 1h | 234.17 | +0.205% | $903K | $4.3M | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0284% | 1h | 234.06 | +0.158% | $54.6M | $19.9M | 10x | as long as short |
| Phoenix NBIS | +0.0306% | 1h | 234.08 | +0.167% | $7K | $149K | 10x | as long as short |
| edgeX NBISUSDC | +0.0480% | 4h | 233.91 | +0.093% | $38K | $227K | 10x | as long as short |
| Entropy io:NBISshort | +0.0557% | 1h | 233.99 | +0.128% | $10.2M | $3.3M | 10x |
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
Variational Omni NBIS
Kraken Futures PF_NBISUSD
Aster NBISUSDT
Binance NBISUSDT
Extended NBIS-USD
Lighter NBIS
tradeXYZ xyz:NBIS
Phoenix NBIS
edgeX NBISUSDC