Funding you earn now, next payment 03:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h −0.095%
Price spread now: Deribit against Lighter−0.017%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), 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 | 234.03 | 0.0352 | pay 0.0044% / 1h | 55m 20s | $903K | $4.3M | 10x |
| Short | Deribit NBIS_USDC-PERPETUAL | 233.99 | 0.0391 | get 0.0049% / 1h | 55m 20s | $35K | $48K | 10x |
Lighter NBIS
Deribit NBIS_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $8.29
- Price spread: −0.017% → 0.000%
- −$1.71
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$0.42
- Costs to cover
- 0.070%
- Break-even
- 7.4 days
Slippage unknown: Lighter: live order book, 7 min ago; Deribit: no order-book sample. Net counts fees only.
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, 7 min ago | 1.07 bp | 1.1 bp −$1 | 2.5 bp −$25 | 60.5 bp −$6,050 | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
NBIS on 30 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 | 234.07 | +0.017% | $5.0M | $6.2M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 234.03 | 0.000% | $3.4M | $16.3M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 234.14 | +0.047% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 234.08 | +0.021% | $2.4M | $4.4M | 20x | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 234.04 | +0.004% | $5K | $127K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 234.08 | +0.021% | $904 | $1.7M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 233.74 | −0.124% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 234.06 | +0.013% | $1.6M | $969K | 10x | as long as short |
| QFEX NBIS-USD | +0.0023% | 1h | 234.08 | +0.021% | $1.5M | $4.4M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 233.91 | −0.051% | $42K | $132K | 5x | as long as short |
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDT
QFEX NBIS-USD
Arcus NBIS-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NBIS-USD-PERP | +0.0046% | 1h | 234.20 | +0.073% | — | $215K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 234.02 | −0.004% | $149K | $453K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 234.02 | −0.004% | $5 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 233.96 | −0.030% | $163K | $496K | 10x | as long as short |
| Nado NBIS-PERP | +0.0060% | 1h | 233.88 | −0.065% | $67K | $95K | 3x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 233.99 | −0.017% | $482K | $21K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 234.05 | +0.009% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 234.02 | −0.006% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0104% | 1h | 233.53 | −0.214% | $382K | $712K | 10x | as long as short |
| Variational Omni NBIS | +0.0132% | 8h | 234.03 | −0.002% | $2.8M | $570K | — | as long as short |
| Aster NBISUSDT | +0.0151% | 8h | 234.34 | +0.133% | $81K | $307K | 50x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0152% | 1h | 234.09 | +0.025% | $23K | $15K | 20x | as long as short |
| Extended NBIS-USD | +0.0160% | 1h | 234.00 | −0.011% | $147K | $698K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0162% | 1h | 234.02 | −0.004% | $54.6M | $19.9M | 10x | as long as short |
| Binance NBISUSDT | +0.0162% | 8h | 234.08 | +0.020% | $19.1M | $84.7M | 25x | as long as short |
| edgeX NBISUSDC | +0.0187% | 4h | 234.02 | −0.006% | $38K | $226K | 10x | as long as short |
| Phoenix NBIS | +0.0306% | 1h | 234.19 | +0.068% | $7K | $150K | 10x | as long as short |
| Lighter NBISlong | +0.0352% | 1h | 234.03 | long leg | $903K | $4.3M | 10x | |
| Deribit NBIS_USDC-PERPETUALshort | +0.0391% | 1h | 233.99 | −0.017% | $35K | $48K | 10x | |
| Entropy io:NBIS | +0.0475% | 1h | 234.00 | −0.013% | $10.2M | $3.3M | 10x | as long as short |
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Nado NBIS-PERP
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
Variational Omni NBIS
Aster NBISUSDT
Kraken Futures PF_NBISUSD
Extended NBIS-USD
tradeXYZ xyz:NBIS
Binance NBISUSDT
edgeX NBISUSDC
Phoenix NBIS
Entropy io:NBIS