Funding you earn now, next payment 08:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.62 per $10,000 · paid last 24h −0.023%
Price spread now: Phemex against GRVT+0.006%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1361.355% of the position
Funding, last 7 days−0.135%−$13 on $10k
+Price spread, last 3 days (all we have)−0.055%−$6 · spread now +0.006%, 7d avg +0.015%
=Together, before fees−0.190%+ Points / potential airdropGRVT: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT NBIS_USDT_Perp | 233.77 | 0.0062 | pay 0.0062% / 8h | 6h 42m | $5K | $130K | 10x |
| Short | Phemex NBISUSDT | 233.78 | 0 | get 0.0000% / 8h | 6h 42m | $1.6M | $972K | 10x |
GRVT NBIS_USDT_Perp
Phemex NBISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$13.02
- Price spread: +0.006% → +0.015%
- −$0.85
- Slippage, 4 orders
- −$114.52
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$149.39
- Costs to cover
- 1.355%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 20 min ago; Phemex: live order book, 5 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, 20 min ago | 2.55 bp | 9.2 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 4.06 bp | 57.4 bp −$57 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit NBISUSDT | 0.0000% | 8h | 233.56 | −0.088% | $5.1M | $6.3M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 233.50 | −0.113% | $3.4M | $16.5M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 233.57 | −0.083% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 233.58 | −0.079% | $2.4M | $4.6M | 20x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 233.71 | −0.024% | $1K | $1.7M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 233.78 | +0.006% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDTshort | 0.0000% | 8h | 233.78 | +0.006% | $1.6M | $972K | 10x | |
| QFEX NBIS-USD | +0.0024% | 1h | 233.52 | −0.105% | $1.5M | $4.7M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 233.67 | −0.041% | $42K | $135K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 233.65 | −0.049% | — | $226K | 5x | as long as short |
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
SunX NBIS-USDT
HTX NBIS-USDT
QFEX NBIS-USD
Arcus NBIS-USD
Vest NBIS-USD-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 233.64 | −0.054% | $149K | $471K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 233.63 | −0.058% | $93 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 233.66 | −0.045% | $163K | $502K | 10x | as long as short |
| GRVT NBIS_USDT_Perplong | +0.0062% | 8h | 233.77 | long leg | $5K | $130K | 10x | |
| Kraken Futures PF_NBISUSD | +0.0096% | 1h | 233.69 | −0.033% | $24K | $15K | 20x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 233.51 | −0.109% | $481K | $22K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 233.69 | −0.032% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 233.66 | −0.045% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0112% | 1h | 236.05 | +0.977% | $386K | $723K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0139% | 1h | 233.46 | −0.131% | $54.8M | $22.8M | 10x | as long as short |
| Nado NBIS-PERP | +0.0177% | 1h | 233.46 | −0.131% | $73K | $92K | 3x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0221% | 1h | 233.63 | −0.058% | $35K | $48K | 10x | as long as short |
| Aster NBISUSDT | +0.0225% | 8h | 233.75 | −0.008% | $81K | $314K | 50x | as long as short |
| Variational Omni NBIS | +0.0232% | 8h | 233.84 | +0.032% | $2.9M | $560K | — | as long as short |
| BloFin NBIS-USDT | +0.0234% | 8h | 234.04 | +0.118% | $207K | $209K | 20x | as long as short |
| Binance NBISUSDT | +0.0245% | 8h | 233.53 | −0.102% | $19.2M | $85.3M | 25x | as long as short |
| Extended NBIS-USD | +0.0248% | 1h | 233.48 | −0.121% | $150K | $705K | 10x | as long as short |
| Phoenix NBIS | +0.0306% | 1h | 234.04 | +0.118% | $7K | $152K | 10x | as long as short |
| Lighter NBIS | +0.0312% | 1h | 233.60 | −0.071% | $903K | $4.4M | 10x | as long as short |
| Entropy io:NBIS | +0.0370% | 1h | 233.76 | −0.002% | $10.2M | $3.4M | 10x | as long as short |
| edgeX NBISUSDC | +0.0990% | 4h | 233.83 | +0.026% | $38K | $227K | 10x | as long as short |
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
tradeXYZ xyz:NBIS
Nado NBIS-PERP
Deribit NBIS_USDC-PERPETUAL
Aster NBISUSDT
Variational Omni NBIS
BloFin NBIS-USDT
Binance NBISUSDT
Extended NBIS-USD
Phoenix NBIS
Lighter NBIS
Entropy io:NBIS
edgeX NBISUSDC