NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.05 per $10,000 · paid last 24h +0.095%

Price spread now: Lighter against Deribit+0.098%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.098% dearer against Deribit than usual: you sell high and buy low (spread +0.098% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NBIS_USDC-PERPETUAL	234.00	0.0391	pay 0.0049% / 1h	55m 03s	$35K	$48K	10x
Short	Lighter NBIS	234.23	0.0352	get 0.0044% / 1h	55m 03s	$904K	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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 DeribitbpFee LighterbpOrdersPrice spread, now +0.098%Rate

Funding earned: −$8.28
Price spread: +0.098% → 0.000%: $9.83
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$5.45
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; Lighter: 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 Lighter live order book, 8 min ago	1.07 bp	1.4 bp −$1	3.5 bp −$35	69.2 bp −$6,915	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	234.16	+0.068%	$5.0M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.09	+0.038%	$3.4M	$16.3M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.22	+0.094%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.10	+0.043%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.04	+0.017%	$5K	$127K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.08	+0.034%	$904	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.07	+0.030%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.22	+0.094%	$1.6M	$969K	10x	as long as short
QFEX NBIS-USD	+0.0023%	1h	234.08	+0.034%	$1.5M	$4.4M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.91	−0.038%	$42K	$132K	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0046%	1h	234.20	+0.085%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.02	+0.009%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.05	+0.021%	$9	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.96	−0.017%	$163K	$496K	10x	as long as short
Nado NBIS-PERP	+0.0060%	1h	233.88	−0.053%	$67K	$95K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.03	+0.013%	$482K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.05	+0.021%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.05	+0.021%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	233.53	−0.201%	$382K	$712K	10x	as long as short
Variational Omni NBIS	+0.0132%	8h	234.03	+0.011%	$2.8M	$570K	—	as long as short
Aster NBISUSDT	+0.0151%	8h	234.33	+0.143%	$81K	$307K	50x	as long as short
Kraken Futures PF_NBISUSD	+0.0152%	1h	234.11	+0.046%	$23K	$15K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0159%	1h	234.12	+0.051%	$54.6M	$19.9M	10x	as long as short
Extended NBIS-USD	+0.0160%	1h	234.03	+0.013%	$147K	$698K	10x	as long as short
Binance NBISUSDT	+0.0162%	8h	234.12	+0.051%	$19.1M	$84.7M	25x	as long as short
edgeX NBISUSDC	+0.0187%	4h	234.02	+0.007%	$38K	$226K	10x	as long as short
Phoenix NBIS	+0.0306%	1h	234.19	+0.081%	$7K	$150K	10x	as long as short
Lighter NBISshort	+0.0352%	1h	234.23	+0.098%	$904K	$4.3M	10x
Deribit NBIS_USDC-PERPETUALlong	+0.0391%	1h	234.00	long leg	$35K	$48K	10x
Entropy io:NBIS	+0.0475%	1h	234.00	0.000%	$10.2M	$3.3M	10x	as long as short