Funding you earn now, next payment 06:00 UTC+0.0127%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h +0.066%
Price spread now: Phoenix against Deribit+0.069%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 +$4 a day on $10k at the current rate, and Phoenix is 0.069% dearer against Deribit than usual: you sell high and buy low: +$7 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 | 230.99 | 0.0183 | pay 0.0023% / 1h | 4m 49s | $34K | $49K | 10x |
| Short | Phoenix NBIS | 231.15 | 0.0311 | get 0.0039% / 1h | 4m 49s | $7K | $150K | 10x |
Deribit NBIS_USDC-PERPETUAL
Phoenix NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $26.76
- Price spread: +0.069% → 0.000%
- $6.93
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $19.69
- Costs to cover
- 0.140%
- Break-even
- 1.9 days
Slippage unknown: Deribit: no order-book sample; Phoenix: live order book, 31 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 Phoenix live order book, 31 min ago | 5.64 bp | 17.2 bp −$17 | 37.7 bp −$377 | 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 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 | −0.0551% | 8h | 231.01 | +0.009% | $2.3M | $4.5M | 20x | as long as short |
| BloFin NBIS-USDT | −0.0004% | 8h | 231.04 | +0.022% | $204K | $205K | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 230.82 | −0.074% | $84K | $311K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 230.92 | −0.031% | $149K | $631K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 230.92 | −0.032% | $18.5M | $87.6M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 230.94 | −0.022% | $4.9M | $6.8M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 230.85 | −0.061% | $3.3M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 231.03 | +0.017% | $2.7M | $5.2M | 50x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 231.09 | +0.043% | $2.8M | $595K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 230.98 | −0.004% | $5K | $116K | 10x | as long as short |
Bitget NBISUSDT
BloFin NBIS-USDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit 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 | 231.12 | +0.056% | $890 | $1.6M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 230.89 | −0.043% | $15K | $57K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 230.97 | −0.009% | $1.6M | $965K | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 230.93 | −0.026% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 230.93 | −0.026% | — | $222K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 230.92 | −0.030% | $137K | $473K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 230.91 | −0.035% | $134 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 230.82 | −0.074% | $151K | $543K | 10x | as long as short |
| QFEX NBIS-USD | +0.0056% | 1h | 231.08 | +0.039% | $1.5M | $3.8M | 10x | as long as short |
| edgeX NBISUSDC | +0.0072% | 4h | 230.95 | −0.019% | $37K | $226K | 10x | as long as short |
| Nado NBIS-PERP | +0.0079% | 1h | 230.98 | −0.004% | $38K | $115K | 3x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 230.84 | −0.065% | $476K | $20K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 230.95 | −0.017% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 230.93 | −0.026% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0120% | 1h | 230.38 | −0.264% | $352K | $814K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0121% | 1h | 230.88 | −0.048% | $54.2M | $21.0M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUALlong | +0.0183% | 1h | 230.99 | long leg | $34K | $49K | 10x | |
| Lighter NBIS | +0.0224% | 1h | 230.93 | −0.026% | $937K | $4.0M | 10x | as long as short |
| Phoenix NBISshort | +0.0311% | 1h | 231.15 | +0.069% | $7K | $150K | 10x | |
| Entropy io:NBIS | +0.0359% | 1h | 230.89 | −0.043% | $10.1M | $3.1M | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0684% | 1h | 230.92 | −0.029% | $23K | $15K | 20x | as long as short |
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDT
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
QFEX NBIS-USD
edgeX NBISUSDC
Nado NBIS-PERP
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
tradeXYZ xyz:NBIS
Lighter NBIS
Entropy io:NBIS
Kraken Futures PF_NBISUSD