Funding you earn now, next payment 22:00 UTC+0.0168%/8h= +18.4% APRpaid last 24h +0.058%
Price spread now: Entropy against GRVT−0.136%108s7-day average +0.112% · you buy dearer than you sell
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−$510.508% of the position
Funding, last 7 days+0.519%+$52 on $10k
+Price spread, last 3 days (all we have)−0.113%−$11 · spread now −0.136%, 7d avg +0.112%
=Together, before fees+0.406%+ Points / potential airdropGRVT: Active · farm board+$41 on $10k · with fees, hour by hour
Funding pays, the price is against you. Entropy is 0.248% cheaper against GRVT than usual: you would sell low and buy high (spread −0.136% now, against its 7-day average of +0.112%). If the spread goes back, that is −$25 on $10k: about 4.9 days of funding at the current rate (+$5 a day). The two prices were read 108 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 | GRVT NBIS_USDT_Perp | 233.31 | 0.0002 | pay 0.0002% / 8h | 2h 07m | $5K | $147K | 10x |
| Short | Entropy io:NBIS | 232.99 | 0.0170 | get 0.0021% / 1h | 7m 35s | $10.2M | $3.3M | 10x |
GRVT NBIS_USDT_Perp
Entropy io:NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against GRVT. 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
- $35.23
- Price spread: −0.136% → +0.112%
- −$24.79
- Slippage, 4 orders
- −$23.75
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$40.31
- Costs to cover
- 0.508%
- Break-even
- 15.0 days
Slippage from GRVT: live order book, 14 min ago; Entropy: 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 GRVT live order book, 14 min ago | 1.50 bp | 11.7 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Entropy live order book, 8 min ago | 0.43 bp | 19.5 bp −$20 | doesn't fit | 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 | −0.0393% | 1h | 233.14 | −0.072% | $35K | $67K | 10x | as long as short |
| BloFin NBIS-USDT | −0.0017% | 8h | 233.25 | −0.025% | $205K | $216K | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 233.07 | −0.104% | $79K | $304K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 232.85 | −0.198% | $141K | $697K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 232.87 | −0.187% | $19.3M | $87.1M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 232.92 | −0.166% | $5.1M | $6.7M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 233.00 | −0.132% | $3.4M | $17.0M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 232.94 | −0.157% | $2.8M | $5.3M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 232.97 | −0.145% | $2.5M | $4.8M | 20x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 233.30 | −0.003% | $2.8M | $945K | — | as long as short |
Deribit NBIS_USDC-PERPETUAL
BloFin NBIS-USDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
Variational Omni NBISShow 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 | −0.029% | $431 | $1.8M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 233.40 | +0.040% | $15K | $115K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 233.18 | −0.055% | $1.6M | $964K | 10x | as long as short |
| GRVT NBIS_USDT_Perplong | +0.0002% | 8h | 233.31 | long leg | $5K | $147K | 10x | |
| QFEX NBIS-USD | +0.0033% | 1h | 233.21 | −0.042% | $1.5M | $5.1M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 232.79 | −0.222% | $43K | $134K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 233.38 | +0.031% | — | $234K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 233.29 | −0.007% | $130K | $588K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 233.15 | −0.067% | $70 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 233.21 | −0.042% | $180K | $514K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0057% | 1h | 232.98 | −0.141% | $24K | $13K | 20x | as long as short |
| edgeX NBISUSDC | +0.0061% | 4h | 233.28 | −0.010% | $37K | $233K | 10x | as long as short |
| Lighter NBIS | +0.0088% | 1h | 232.70 | −0.260% | $932K | $4.6M | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 232.81 | −0.213% | $480K | $25K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 233.19 | −0.050% | $2K | $4K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 233.16 | −0.062% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0136% | 1h | 232.99 | −0.136% | $355K | $704K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0168% | 1h | 233.02 | −0.123% | $54.4M | $23.5M | 10x | as long as short |
| Entropy io:NBISshort | +0.0170% | 1h | 232.99 | −0.136% | $10.2M | $3.3M | 10x | |
| Nado NBIS-PERP | +0.0177% | 1h | 233.25 | −0.026% | $28K | $65K | 3x | as long as short |
| Phoenix NBIS | +0.0276% | 1h | 233.41 | +0.044% | $7K | $185K | 10x | as long as short |
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDT
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
edgeX NBISUSDC
Lighter NBIS
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
tradeXYZ xyz:NBIS
Nado NBIS-PERP
Phoenix NBIS