Funding you earn now, next payment 03:00 UTC−0.0126%/8h= −13.7% APRnext payment −$0.16 per $10,000 · paid last 24h −0.037%
Price spread now: Phoenix against Entropy+0.055%7-day average +0.011% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.045%−$5 on $10k
+Price spread, last 4 days (all we have)+0.197%+$20 · spread now +0.055%, 7d avg +0.011%
=The price spread pays, funding is against you. Phoenix is 0.044% dearer against Entropy than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of +0.011%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.045% in total) that is about 6.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:NBIS | 235.43 | 0.0397 | pay 0.0050% / 1h | 21m 17s | $10.2M | $3.2M | 10x |
| Short | Phoenix NBIS | 235.56 | 0.0272 | get 0.0034% / 1h | 21m 17s | $7K | $150K | 10x |
Entropy io:NBIS
Phoenix NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$26.37
- Price spread: +0.055% → +0.011%
- $4.4
- Slippage, 4 orders
- no order book: not counted
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$46.97
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Entropy: live order book, 4 min ago; Phoenix: live order book, 30 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 Entropy live order book, 4 min ago | 1.49 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 30 min ago | 4.67 bp | 14.1 bp −$14 | 30.0 bp −$300 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado NBIS-PERP | −0.0101% | 1h | 235.36 | −0.029% | $38K | $115K | 3x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 235.50 | +0.030% | $5.0M | $6.2M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 235.45 | +0.008% | $3.4M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 235.53 | +0.042% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 235.51 | +0.034% | $2.4M | $4.4M | 20x | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 235.52 | +0.040% | $5K | $120K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 235.50 | +0.030% | $1K | $1.7M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 235.51 | +0.034% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 235.56 | +0.055% | $1.6M | $956K | 10x | as long as short |
| Variational Omni NBIS | +0.0005% | 8h | 235.42 | −0.004% | $2.9M | $562K | — | as long as short |
Nado NBIS-PERP
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDT
Variational Omni NBISShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin NBIS-USDT | +0.0038% | 8h | 235.40 | −0.013% | $208K | $205K | 20x | as long as short |
| QFEX NBIS-USD | +0.0038% | 1h | 235.50 | +0.030% | $1.5M | $4.2M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 235.32 | −0.047% | $43K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 235.74 | +0.132% | — | $216K | 5x | as long as short |
| Aster NBISUSDT | +0.0047% | 8h | 235.40 | −0.013% | $79K | $310K | 50x | as long as short |
| Extended NBIS-USD | +0.0048% | 1h | 235.39 | −0.016% | $150K | $701K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0050% | 1h | 235.36 | −0.030% | $54.9M | $19.8M | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 235.43 | 0.000% | $149K | $453K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 235.45 | +0.008% | $38 | $21K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 235.54 | +0.047% | $161K | $503K | 10x | as long as short |
| Binance NBISUSDT | +0.0051% | 8h | 235.44 | +0.002% | $19.4M | $84.6M | 25x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0056% | 1h | 235.35 | −0.034% | $389K | $723K | 10x | as long as short |
| Lighter NBIS | +0.0088% | 1h | 235.51 | +0.034% | $903K | $4.1M | 10x | as long as short |
| edgeX NBISUSDC | +0.0095% | 4h | 235.47 | +0.019% | $38K | $226K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 235.27 | −0.068% | $485K | $21K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 235.42 | −0.004% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 235.41 | −0.009% | — | — | 10x | as long as short |
| Phoenix NBISshort | +0.0272% | 1h | 235.56 | +0.055% | $7K | $150K | 10x | |
| Entropy io:NBISlong | +0.0397% | 1h | 235.43 | long leg | $10.2M | $3.2M | 10x | |
| Deribit NBIS_USDC-PERPETUAL | +0.0430% | 1h | 235.44 | +0.004% | $35K | $48K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0476% | 1h | 235.53 | +0.043% | $24K | $15K | 20x | as long as short |
BloFin NBIS-USDT
QFEX NBIS-USD
Arcus NBIS-USD
Vest NBIS-USD-PERP
Aster NBISUSDT
Extended NBIS-USD
tradeXYZ xyz:NBIS
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Binance NBISUSDT
Coinbase International NBIS-PERP-INTX
Lighter NBIS
edgeX NBISUSDC
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Deribit NBIS_USDC-PERPETUAL
Kraken Futures PF_NBISUSD