NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0307%/8h= −33.7% APRnext payment −$0.38 per $10,000 · paid last 24h −0.116%

Price spread now: Extended against Entropy+0.004%7-day average −0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$530.532% of the position

Long on Entropy Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.541%−$54 on $10k

Price spread, last 4 days (all we have)+0.386%+$39 · spread now +0.004%, 7d avg −0.111%

Together, before fees−0.155%+ Points / potential airdropExtended: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.115% dearer against Entropy than usual: you sell high and buy low (spread +0.004% now, against its 7-day average of −0.111%): +$12 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:NBIS	228.85	0.0307	pay 0.0038% / 1h	37m 35s	$10.0M	$3.1M	10x
Short	Extended NBIS-USD	228.86	0	get 0.0000% / 1h	37m 35s	$146K	$877K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Entropy. 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 EntropybpFee ExtendedbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$64.54
Price spread: +0.004% → −0.111%: $11.55
Slippage, 4 orders: −$30.22
Fee Entropy: 9 bp × 2 orders: −$18
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$106.21
Costs to cover: 0.532%
Break-even: never at this rate

Slippage from Entropy: live order book, 8 min ago; Extended: live order book, 60 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 Entropy live order book, 8 min ago	1.52 bp	16.7 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 60 min ago	2.16 bp	12.1 bp −$12	135.3 bp −$1,353	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
Bitget NBISUSDT	−0.0280%	8h	229.05	+0.087%	$2.3M	$4.5M	20x	as long as short
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	229.39	+0.236%	$355K	$806K	10x	as long as short
Aster NBISUSDT	0.0000%	8h	228.80	−0.022%	$81K	$313K	50x	as long as short
Extended NBIS-USDshort	0.0000%	1h	228.86	+0.004%	$146K	$877K	10x
Binance NBISUSDT	0.0000%	8h	228.92	+0.030%	$18.6M	$88.5M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	228.90	+0.022%	$4.8M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	228.93	+0.035%	$3.2M	$15.8M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	228.85	0.000%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	228.94	+0.040%	$2.8M	$576K	—	as long as short
SunX NBIS-USDT	0.0000%	8h	228.91	+0.026%	$1K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	228.60	−0.109%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	229.04	+0.083%	$15K	$58K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	228.83	−0.009%	$1.5M	$971K	10x	as long as short
BloFin NBIS-USDT	+0.0003%	8h	228.86	+0.004%	$202K	$212K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	228.86	+0.004%	$42K	$124K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	228.57	−0.122%	—	$224K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	228.80	−0.022%	$136K	$466K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	228.75	−0.044%	$64	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	228.53	−0.140%	$148K	$538K	10x	as long as short
Nado NBIS-PERP	+0.0056%	1h	228.71	−0.062%	$38K	$116K	3x	as long as short
QFEX NBIS-USD	+0.0064%	1h	228.83	−0.009%	$1.5M	$3.7M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0074%	1h	228.80	−0.022%	$53.4M	$21.4M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0075%	8h	229.25	+0.175%	$4K	$114K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	228.71	−0.061%	$470K	$56K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	228.82	−0.013%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	228.73	−0.051%	—	—	10x	as long as short
Lighter NBIS	+0.0136%	1h	228.97	+0.052%	$917K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0277%	1h	229.03	+0.079%	$7K	$125K	10x	as long as short
Entropy io:NBISlong	+0.0307%	1h	228.85	long leg	$10.0M	$3.1M	10x
Kraken Futures PF_NBISUSD	+0.0682%	1h	228.71	−0.062%	$22K	$16K	20x	as long as short
edgeX NBISUSDC	+0.0808%	4h	228.81	−0.018%	$37K	$227K	10x	as long as short