NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0262%/8h= −28.7% APRnext payment −$0.33 per $10,000 · paid last 24h −0.096%

Price spread now: Polymarket Perps against Lighter+0.017%45s7-day average −0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as 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−$240.244% of the position

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.479%−$48 on $10k

Price spread, last 4 days (all we have)+0.348%+$35 · spread now +0.017%, 7d avg −0.065%

Together, before fees−0.130%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.082% dearer against Lighter than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.065%): +$8 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 25 hours. The two prices were read 45 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	Lighter NBIS	233.60	0.0312	pay 0.0039% / 1h	42m 41s	$903K	$4.4M	10x
Short	Polymarket Perps NBIS-USD	233.64	0.0050	get 0.0006% / 1h	42m 41s	$149K	$471K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Lighter. 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 LighterbpFee Polymarket PerpsbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$55.02
Price spread: +0.017% → −0.065%: $8.23
Slippage, 4 orders: −$16.44
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$71.23
Costs to cover: 0.244%
Break-even: never at this rate

Slippage from Lighter: live order book, 10 min ago; Polymarket Perps: live order book, 25 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, 10 min ago	2.56 bp	5.5 bp −$6	10.0 bp −$100	103.0 bp −$10.3K	doesn't fit
Sell Polymarket Perps live order book, 25 min ago	1.91 bp	5.9 bp −$6	6.3 bp −$63	25.4 bp −$2,544	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	233.63	+0.013%	$5.1M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.50	−0.043%	$3.4M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.71	+0.047%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.64	+0.017%	$2.4M	$4.6M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.71	+0.047%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.78	+0.077%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.78	+0.077%	$1.6M	$972K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	233.70	+0.043%	$1.5M	$4.7M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.75	+0.064%	$42K	$135K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.79	+0.081%	—	$226K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps NBIS-USDshort	+0.0050%	1h	233.64	+0.017%	$149K	$471K	10x
SoDEX NBIS-USD	+0.0050%	1h	233.63	+0.013%	$93	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.66	+0.026%	$163K	$511K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0062%	8h	233.77	+0.071%	$5K	$130K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	233.69	+0.038%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.55	−0.021%	$482K	$22K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.69	+0.039%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.66	+0.026%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+1.049%	$386K	$723K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0139%	1h	233.46	−0.060%	$54.8M	$22.8M	10x	as long as short
Nado NBIS-PERP	+0.0164%	1h	233.56	−0.018%	$73K	$92K	3x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0221%	1h	233.63	+0.013%	$35K	$48K	10x	as long as short
Aster NBISUSDT	+0.0225%	8h	233.77	+0.072%	$81K	$314K	50x	as long as short
Variational Omni NBIS	+0.0232%	8h	233.84	+0.102%	$2.9M	$560K	—	as long as short
BloFin NBIS-USDT	+0.0234%	8h	234.04	+0.188%	$207K	$209K	20x	as long as short
Binance NBISUSDT	+0.0245%	8h	233.54	−0.025%	$19.2M	$85.3M	25x	as long as short
Extended NBIS-USD	+0.0248%	1h	233.54	−0.025%	$150K	$705K	10x	as long as short
Phoenix NBIS	+0.0306%	1h	234.04	+0.188%	$7K	$152K	10x	as long as short
Lighter NBISlong	+0.0312%	1h	233.60	long leg	$903K	$4.4M	10x
Entropy io:NBIS	+0.0370%	1h	233.76	+0.068%	$10.2M	$3.4M	10x	as long as short
edgeX NBISUSDC	+0.0990%	4h	233.83	+0.096%	$38K	$227K	10x	as long as short