Funding you earn now, next payment 01:00 UTC+0.0046%/8h= +5.1% APRnext payment +$0.06 per $10,000 · paid last 24h −0.085%
Price spread now: Arcus against Lighter−0.085%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$140.138% of the position
Funding, last 3 days (all we have)−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.085%, 7d avg −0.074%
=Together, before fees−0.050%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.074%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NBIS | 235.71 | 0.0320 | pay 0.0040% / 1h | 30m 23s | $927K | $4.5M | 10x |
| Short | Arcus NBIS-USD | 235.51 | 0.0366 | get 0.0046% / 1h | 30m 23s | $44K | $132K | 5x |
Lighter NBIS
Arcus NBIS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Lighter. 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
- $9.73
- Price spread: −0.085% → −0.074%
- −$1.04
- Slippage, 4 orders
- −$9.27
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$5.08
- Costs to cover
- 0.138%
- Break-even
- 10.7 days
Slippage from Lighter: live order book, 2 min ago; Arcus: live order book, 43 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 Lighter live order book, 2 min ago | 0.64 bp | 0.9 bp −$1 | 2.8 bp −$28 | 68.7 bp −$6,869 | doesn't fit |
| Sell Arcus live order book, 43 min ago | 2.98 bp | 6.9 bp −$7 | 11.2 bp −$112 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NBISUSD | −0.0178% | 1h | 235.63 | −0.032% | $24K | $15K | 20x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 235.72 | +0.004% | $3.4M | $16.8M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 235.64 | −0.030% | $2.8M | $5.1M | 50x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 235.77 | +0.025% | $1K | $1.7M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 235.80 | +0.038% | $15K | $112K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 235.73 | +0.008% | $1.6M | $973K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0016% | 1h | 236.05 | +0.144% | $386K | $739K | 10x | as long as short |
| QFEX NBIS-USD | +0.0038% | 1h | 235.68 | −0.013% | $1.5M | $5.0M | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 235.90 | +0.081% | — | $224K | 5x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 235.64 | −0.030% | $175K | $505K | 10x | as long as short |
Kraken Futures PF_NBISUSD
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDT
Coinbase International NBIS-PERP-INTX
QFEX NBIS-USD
Vest NBIS-USD-PERP
Ondo Perps NBIS-USD.PShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget NBISUSDT | +0.0053% | 8h | 235.74 | +0.013% | $2.5M | $4.7M | 20x | as long as short |
| Bybit NBISUSDT | +0.0099% | 8h | 235.80 | +0.038% | $5.1M | $6.5M | 50x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 235.42 | −0.123% | $485K | $23K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 235.84 | +0.055% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 235.84 | +0.054% | — | — | 10x | as long as short |
| SoDEX NBIS-USD | +0.0135% | 1h | 235.75 | +0.017% | $42 | $20K | 10x | as long as short |
| Nado NBIS-PERP | +0.0194% | 1h | 235.45 | −0.111% | $29K | $63K | 3x | as long as short |
| BloFin NBIS-USDT | +0.0228% | 8h | 235.72 | +0.004% | $207K | $212K | 20x | as long as short |
| Variational Omni NBIS | +0.0230% | 8h | 235.75 | +0.016% | $2.9M | $820K | — | as long as short |
| Aster NBISUSDT | +0.0240% | 8h | 235.88 | +0.072% | $82K | $308K | 50x | as long as short |
| Extended NBIS-USD | +0.0264% | 1h | 235.79 | +0.034% | $151K | $955K | 10x | as long as short |
| Binance NBISUSDT | +0.0264% | 8h | 235.82 | +0.047% | $19.6M | $85.6M | 25x | as long as short |
| Lighter NBISlong | +0.0320% | 1h | 235.71 | long leg | $927K | $4.5M | 10x | |
| Arcus NBIS-USDshort | +0.0366% | 1h | 235.51 | −0.085% | $44K | $132K | 5x | |
| Polymarket Perps NBIS-USD | +0.0373% | 1h | 235.76 | +0.021% | $135K | $433K | 10x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0384% | 8h | 235.42 | −0.122% | $5K | $133K | 10x | as long as short |
| Phoenix NBIS | +0.0409% | 1h | 235.58 | −0.055% | $7K | $163K | 10x | as long as short |
| edgeX NBISUSDC | +0.0424% | 4h | 235.38 | −0.139% | $38K | $228K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0485% | 1h | 235.67 | −0.017% | $55.1M | $23.6M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0514% | 1h | 235.87 | +0.068% | $35K | $48K | 10x | as long as short |
| Entropy io:NBIS | +0.0898% | 1h | 235.54 | −0.072% | $10.3M | $3.4M | 10x | as long as short |
Bitget NBISUSDT
Bybit NBISUSDT
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
SoDEX NBIS-USD
Nado NBIS-PERP
BloFin NBIS-USDT
Variational Omni NBIS
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Polymarket Perps NBIS-USD
GRVT NBIS_USDT_Perp
Phoenix NBIS
edgeX NBISUSDC
tradeXYZ xyz:NBIS
Deribit NBIS_USDC-PERPETUAL
Entropy io:NBIS