Funding you earn now, next payment 04:00 UTC−0.0656%/8h= −71.8% APRpaid last 24h −0.061%
Price spread now: Phoenix against edgeX−0.158%7-day average +0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$650.653% of the position
Funding, last 7 days−0.291%−$29 on $10k
+Price spread, last 4 days (all we have)+0.181%+$18 · spread now −0.158%, 7d avg +0.103%
=Together, before fees−0.111%+ Points / potential airdropedgeX: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Phoenix is 0.261% cheaper against edgeX than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.103%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.291% in total (about -15.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX NBISUSDC | 234.27 | 0.0895 | pay 0.0447% / 4h | 3h 27m | $38K | $227K | 10x |
| Short | Phoenix NBIS | 233.90 | 0.0239 | get 0.0030% / 1h | 27m 48s | $7K | $150K | 10x |
edgeX NBISUSDC
Phoenix NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against edgeX. 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
- −$137.79
- Price spread: −0.158% → +0.103%
- −$26.05
- Slippage, 4 orders
- −$49.3
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$229.14
- Costs to cover
- 0.653%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 24 min ago; Phoenix: live order book, 18 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 edgeX live order book, 24 min ago | 5.98 bp | 16.8 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 18 min ago | 5.12 bp | 15.9 bp −$16 | 34.5 bp −$345 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin NBIS-USDT | −0.0014% | 8h | 234.12 | −0.064% | $206K | $206K | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 234.40 | +0.055% | $79K | $310K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 234.25 | −0.008% | $147K | $699K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 234.19 | −0.034% | $19.2M | $84.8M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 234.28 | +0.004% | $5.0M | $6.3M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 234.17 | −0.043% | $3.4M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 234.25 | −0.009% | $2.7M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 234.27 | 0.000% | $2.4M | $4.4M | 20x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 234.33 | +0.025% | $2.9M | $555K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 234.30 | +0.014% | $4K | $119K | 10x | as long as short |
BloFin NBIS-USDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
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 | 234.25 | −0.009% | $998 | $1.6M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 234.38 | +0.047% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 234.29 | +0.009% | $1.6M | $954K | 10x | as long as short |
| QFEX NBIS-USD | +0.0034% | 1h | 234.29 | +0.009% | $1.5M | $4.0M | 10x | as long as short |
| Nado NBIS-PERP | +0.0040% | 1h | 234.02 | −0.106% | $38K | $115K | 3x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 233.97 | −0.128% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 234.34 | +0.030% | — | $216K | 5x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0048% | 1h | 234.24 | −0.013% | $23K | $15K | 20x | as long as short |
| tradeXYZ xyz:NBIS | +0.0050% | 1h | 234.06 | −0.090% | $54.6M | $20.1M | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 234.13 | −0.060% | $147K | $456K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 234.26 | −0.004% | $84 | $21K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 233.83 | −0.188% | $160K | $501K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 234.18 | −0.038% | $482K | $20K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 234.19 | −0.034% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 234.17 | −0.045% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0104% | 1h | 234.20 | −0.030% | $375K | $736K | 10x | as long as short |
| Phoenix NBISshort | +0.0239% | 1h | 233.90 | −0.158% | $7K | $150K | 10x | |
| Lighter NBIS | +0.0256% | 1h | 234.19 | −0.034% | $928K | $3.9M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0306% | 1h | 234.12 | −0.064% | $35K | $49K | 10x | as long as short |
| Entropy io:NBIS | +0.0371% | 1h | 234.13 | −0.060% | $10.2M | $3.2M | 10x | as long as short |
| edgeX NBISUSDClong | +0.0895% | 4h | 234.27 | long leg | $38K | $227K | 10x |
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDT
QFEX NBIS-USD
Nado NBIS-PERP
Arcus NBIS-USD
Vest NBIS-USD-PERP
Kraken Futures PF_NBISUSD
tradeXYZ xyz:NBIS
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
Lighter NBIS
Deribit NBIS_USDC-PERPETUAL
Entropy io:NBIS