Funding you earn now, next payment 22:00 UTC−0.0089%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h +0.008%
Price spread now: Lighter against Entropy+0.047%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$340.337% of the position
Funding, last 7 days−0.098%−$10 on $10k
+Price spread, last 7 days−0.074%−$7 · spread now +0.047%, 7d avg −0.005%
=Together, before fees−0.172%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.053% dearer against Entropy than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of −0.005%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 47 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:NBIS | 233.03 | 0.0193 | pay 0.0024% / 1h | 1m 18s | $10.2M | $3.3M | 10x |
| Short | Lighter NBIS | 233.14 | 0.0104 | get 0.0013% / 1h | 1m 18s | $933K | $4.6M | 10x |
Entropy io:NBIS
Lighter NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Entropy. 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
- −$18.73
- Price spread: +0.047% → −0.005%
- $5.27
- Slippage, 4 orders
- −$15.71
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$47.18
- Costs to cover
- 0.337%
- Break-even
- never at this rate
Slippage from Entropy: live order book, 4 min ago; Lighter: live order book, 6 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, 4 min ago | 1.29 bp | 12.1 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 1.50 bp | 3.7 bp −$4 | 17.5 bp −$175 | 90.8 bp −$9,081 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit NBIS_USDC-PERPETUAL | −0.0308% | 1h | 232.91 | −0.051% | $35K | $48K | 10x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 233.13 | +0.042% | $79K | $304K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 233.00 | −0.014% | $141K | $697K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 232.96 | −0.029% | $19.3M | $87.2M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 232.99 | −0.017% | $5.1M | $6.7M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 232.91 | −0.051% | $3.4M | $17.0M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 232.97 | −0.026% | $2.8M | $5.3M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 232.92 | −0.047% | $2.5M | $4.8M | 20x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 232.99 | −0.015% | $2.8M | $945K | — | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 232.93 | −0.043% | $519 | $1.8M | 10x | as long as short |
Deribit NBIS_USDC-PERPETUAL
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
Variational Omni NBIS
SunX NBIS-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX NBIS-USDT | 0.0000% | 8h | 232.91 | −0.051% | $15K | $115K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 232.99 | −0.017% | $1.6M | $966K | 10x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0007% | 8h | 232.99 | −0.015% | $5K | $147K | 10x | as long as short |
| BloFin NBIS-USDT | +0.0026% | 8h | 232.93 | −0.043% | $205K | $216K | 20x | as long as short |
| QFEX NBIS-USD | +0.0033% | 1h | 232.98 | −0.021% | $1.5M | $5.1M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 233.11 | +0.034% | $44K | $134K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 233.09 | +0.026% | — | $234K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 233.02 | −0.004% | $139K | $637K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 232.92 | −0.047% | $51 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 232.88 | −0.064% | $180K | $513K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0057% | 1h | 232.85 | −0.078% | $24K | $13K | 20x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 232.96 | −0.030% | $480K | $25K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 233.05 | +0.009% | $2K | $4K | 10x | as long as short |
| Lighter NBISshort | +0.0104% | 1h | 233.14 | +0.047% | $933K | $4.6M | 10x | |
| Aevo NBIS-PERP | +0.0104% | 1h | 233.02 | −0.004% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0136% | 1h | 232.99 | −0.017% | $355K | $704K | 10x | as long as short |
| edgeX NBISUSDC | +0.0163% | 4h | 232.92 | −0.045% | $37K | $235K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0185% | 1h | 233.00 | −0.013% | $54.4M | $23.5M | 10x | as long as short |
| Entropy io:NBISlong | +0.0193% | 1h | 233.03 | long leg | $10.2M | $3.3M | 10x | |
| Nado NBIS-PERP | +0.0194% | 1h | 232.89 | −0.058% | $28K | $65K | 3x | as long as short |
| Phoenix NBIS | +0.0276% | 1h | 233.27 | +0.103% | $7K | $185K | 10x | as long as short |
HTX NBIS-USDT
Phemex NBISUSDT
GRVT NBIS_USDT_Perp
BloFin NBIS-USDT
QFEX NBIS-USD
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Kraken Futures PF_NBISUSD
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
edgeX NBISUSDC
tradeXYZ xyz:NBIS
Nado NBIS-PERP
Phoenix NBIS