NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0276%/8h= +30.2% APRnext payment +$0.34 per $10,000 · paid last 24h +0.065%

Price spread now: Phoenix against Extended+0.088%48s7-day average +0.145% · you sell dearer than you buy

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.501% of the position

Long on Extended Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.506%+$51 on $10k

Price spread, last 3 days (all we have)+0.116%+$12 · spread now +0.088%, 7d avg +0.145%

Together, before fees+0.622%+ Points / potential airdropExtended: Active · farm board+$62 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.058% cheaper against Extended than usual: you would sell low and buy high (spread +0.088% now, against its 7-day average of +0.145%). If the spread goes back, that is −$6 on $10k: about 17 hours of funding at the current rate (+$8 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NBIS-USD	233.21	0	get 0.0000% / 1h	8m 37s	$141K	$697K	10x
Short	Phoenix NBIS	233.41	0.0276	get 0.0034% / 1h	8m 37s	$7K	$185K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.088%Rate

Funding earned: $57.88
Price spread: +0.088% → +0.145%: −$5.76
Slippage, 4 orders: −$38.12
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $2
Costs to cover: 0.501%
Break-even: 6.8 days

Slippage from Extended: live order book, 14 min ago; Phoenix: 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, 14 min ago	1.93 bp	12.2 bp −$12	102.4 bp −$1,024	doesn't fit	doesn't fit
Sell Phoenix live order book, 8 min ago	3.85 bp	12.7 bp −$13	26.9 bp −$269	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
Deribit NBIS_USDC-PERPETUAL	−0.0350%	1h	233.15	−0.024%	$35K	$67K	10x	as long as short
BloFin NBIS-USDT	−0.0017%	8h	233.25	+0.019%	$205K	$216K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	233.33	+0.053%	$79K	$304K	50x	as long as short
Extended NBIS-USDlong	0.0000%	1h	233.21	long leg	$141K	$697K	10x
Binance NBISUSDT	0.0000%	8h	233.23	+0.011%	$19.4M	$87.1M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	233.14	−0.028%	$5.1M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.14	−0.028%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.21	+0.002%	$2.9M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.33	+0.053%	$2.5M	$4.7M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	233.30	+0.040%	$2.8M	$945K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	233.24	+0.015%	$431	$1.8M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.40	+0.083%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.24	+0.015%	$1.6M	$964K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0002%	8h	233.31	+0.044%	$5K	$147K	10x	as long as short
QFEX NBIS-USD	+0.0033%	1h	233.21	+0.002%	$1.5M	$5.1M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.21	+0.002%	$44K	$134K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.45	+0.105%	—	$234K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.30	+0.041%	$130K	$588K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.21	+0.002%	$70	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.21	+0.002%	$180K	$514K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0056%	1h	233.11	−0.040%	$24K	$13K	20x	as long as short
edgeX NBISUSDC	+0.0061%	4h	233.28	+0.034%	$37K	$233K	10x	as long as short
Lighter NBIS	+0.0096%	1h	233.22	+0.006%	$935K	$4.6M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.06	−0.062%	$480K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.25	+0.019%	$2K	$4K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.22	+0.006%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0136%	1h	232.99	−0.092%	$355K	$704K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0174%	1h	233.29	+0.036%	$54.4M	$23.5M	10x	as long as short
Entropy io:NBIS	+0.0175%	1h	233.27	+0.028%	$10.2M	$3.3M	10x	as long as short
Nado NBIS-PERP	+0.0181%	1h	233.24	+0.017%	$28K	$65K	3x	as long as short
Phoenix NBISshort	+0.0276%	1h	233.41	+0.088%	$7K	$185K	10x