Funding you earn now, next payment 07:00 UTC−0.0256%/8h= −28.1% APRnext payment −$0.32 per $10,000 · paid last 24h −0.080%
Price spread now: QFEX against Lighter+0.065%7-day average −0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$4as in the Price arb table
costs, in and out, $10k−$170.168% of the position
Funding, last 4 days (all we have)−0.183%−$18 on $10k
+Price spread, last 7 days−0.109%−$11 · spread now +0.065%, 7d avg −0.067%
=Together, before fees−0.292%+ Points / potential airdropLighter: Season 3 · farm board−$29 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.132% dearer against Lighter than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of −0.067%): +$13 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 41 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NBIS | 231.34 | 0.0312 | pay 0.0039% / 1h | 48m 47s | $946K | $4.0M | 10x |
| Short | QFEX NBIS-USD | 231.49 | 0.0056 | get 0.0007% / 1h | 48m 47s | $1.5M | $3.9M | 10x |
Lighter NBIS
QFEX NBIS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$53.83
- Price spread: +0.065% → −0.067%
- $13.2
- Slippage, 4 orders
- −$6.77
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$57.4
- Costs to cover
- 0.168%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; QFEX: 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 Lighter live order book, 4 min ago | 0.43 bp | 1.1 bp −$1 | 8.1 bp −$81 | 101.9 bp −$10.2K | doesn't fit |
| Sell QFEX live order book, 5 min ago | 2.16 bp | 7.2 bp −$7 | 10.3 bp −$103 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget NBISUSDT | −0.0406% | 8h | 231.37 | +0.013% | $2.3M | $4.5M | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 231.25 | −0.039% | $84K | $311K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 231.25 | −0.039% | $145K | $719K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 231.35 | +0.003% | $18.6M | $87.2M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 231.45 | +0.048% | $4.9M | $6.5M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 231.32 | −0.009% | $3.3M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 231.36 | +0.009% | $2.7M | $5.1M | 50x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 231.31 | −0.012% | $2.8M | $602K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 231.41 | +0.030% | $5K | $116K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 231.44 | +0.043% | $1K | $1.6M | 10x | as long as short |
Bitget NBISUSDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Variational Omni NBIS
GRVT NBIS_USDT_Perp
SunX NBIS-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX NBIS-USDT | 0.0000% | 8h | 231.58 | +0.104% | $15K | $61K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 231.29 | −0.022% | $1.6M | $962K | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0010% | 1h | 231.25 | −0.039% | $34K | $49K | 10x | as long as short |
| BloFin NBIS-USDT | +0.0028% | 8h | 231.30 | −0.017% | $205K | $206K | 20x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 231.23 | −0.048% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 231.33 | −0.004% | — | $221K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 231.34 | 0.000% | $137K | $473K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 231.27 | −0.030% | $83 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 231.24 | −0.043% | $151K | $547K | 10x | as long as short |
| QFEX NBIS-USDshort | +0.0056% | 1h | 231.49 | +0.065% | $1.5M | $3.9M | 10x | |
| edgeX NBISUSDC | +0.0098% | 4h | 231.34 | 0.000% | $37K | $226K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 231.15 | −0.082% | $476K | $20K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 231.28 | −0.026% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 231.26 | −0.036% | — | — | 10x | as long as short |
| Nado NBIS-PERP | +0.0118% | 1h | 231.04 | −0.129% | $38K | $115K | 3x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0120% | 1h | 231.07 | −0.117% | $351K | $813K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0191% | 1h | 231.34 | 0.000% | $54.4M | $21.0M | 10x | as long as short |
| Phoenix NBIS | +0.0311% | 1h | 231.41 | +0.030% | $7K | $150K | 10x | as long as short |
| Lighter NBISlong | +0.0312% | 1h | 231.34 | long leg | $946K | $4.0M | 10x | |
| Entropy io:NBIS | +0.0516% | 1h | 231.42 | +0.035% | $10.0M | $3.1M | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0683% | 1h | 231.30 | −0.019% | $23K | $15K | 20x | as long as short |
HTX NBIS-USDT
Phemex NBISUSDT
Deribit NBIS_USDC-PERPETUAL
BloFin NBIS-USDT
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
edgeX NBISUSDC
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Nado NBIS-PERP
Coinbase International NBIS-PERP-INTX
tradeXYZ xyz:NBIS
Phoenix NBIS
Entropy io:NBIS
Kraken Futures PF_NBISUSD