NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0232%/8h= +25.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.077%

Price spread now: Lighter against Extended+0.066%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs+$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.462%+$46 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now +0.066%, 7d avg +0.093%

Together, before fees+0.472%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.027% cheaper against Extended than usual: you would sell low and buy high (spread +0.066% now, against its 7-day average of +0.093%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NBIS-USD	230.86	0	get 0.0000% / 1h	29m 55s	$144K	$753K	10x
Short	Lighter NBIS	231.01	0.0232	get 0.0029% / 1h	29m 55s	$923K	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Extended. 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 ExtendedbpFee LighterbpOrdersPrice spread, now +0.066%Rate

Funding earned: $48.72
Price spread: +0.066% → +0.093%: −$2.67
Slippage, 4 orders: −$23.25
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: $17.8
Costs to cover: 0.282%
Break-even: 4.4 days

Slippage from Extended: live order book, 18 min ago; Lighter: live order book, 8 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 Extended live order book, 18 min ago	1.94 bp	11.8 bp −$12	141.4 bp −$1,414	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	1.51 bp	1.9 bp −$2	4.8 bp −$48	80.8 bp −$8,083	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	−0.0391%	8h	231.05	+0.083%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.97	+0.050%	$84K	$311K	50x	as long as short
Extended NBIS-USDlong	0.0000%	1h	230.86	long leg	$144K	$753K	10x
Binance NBISUSDT	0.0000%	8h	230.95	+0.040%	$18.4M	$86.5M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.95	+0.040%	$4.9M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.89	+0.014%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.90	+0.018%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.59	−0.116%	$2.9M	$555K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.61	−0.109%	$5K	$118K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.70	−0.068%	$711	$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
HTX NBIS-USDT	0.0000%	8h	230.89	+0.014%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.05	+0.083%	$1.6M	$955K	10x	as long as short
BloFin NBIS-USDT	+0.0012%	8h	230.69	−0.073%	$206K	$204K	20x	as long as short
Nado NBIS-PERP	+0.0015%	1h	230.76	−0.043%	$38K	$115K	3x	as long as short
QFEX NBIS-USD	+0.0029%	1h	230.96	+0.044%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.66	−0.086%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.70	−0.068%	—	$219K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.82	−0.016%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.74	−0.051%	$92	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.69	−0.073%	$159K	$523K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0068%	1h	230.94	+0.036%	$53.7M	$20.5M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.83	−0.012%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.77	−0.038%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.82	−0.018%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	230.16	−0.302%	$352K	$790K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0223%	1h	230.70	−0.066%	$23K	$15K	20x	as long as short
Lighter NBISshort	+0.0232%	1h	231.01	+0.066%	$923K	$3.9M	10x
Phoenix NBIS	+0.0242%	1h	230.78	−0.034%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0315%	1h	230.79	−0.029%	$10.0M	$3.2M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0530%	1h	230.84	−0.008%	$34K	$49K	10x	as long as short
edgeX NBISUSDC	+0.0817%	4h	230.62	−0.104%	$37K	$227K	10x	as long as short