NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0310%/8h= −33.9% APRnext payment −$0.39 per $10,000 · paid last 24h −0.085%

Price spread now: SoDEX against Lighter−0.038%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and SoDEX is 0.038% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NBIS	234.49	0.0360	pay 0.0045% / 1h	41m 38s	$931K	$4.6M	10x
Short	SoDEX NBIS-USD	234.40	0.0050	get 0.0006% / 1h	41m 38s	$23	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$65.1
Price spread: −0.038% → 0.000%: −$3.84
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$76.94
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 6 min ago; SoDEX: 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, 6 min ago	0.64 bp	2.1 bp −$2	3.2 bp −$32	60.6 bp −$6,056	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 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	234.35	−0.060%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.35	−0.060%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.37	−0.051%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.33	−0.068%	$2.5M	$4.8M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.40	−0.038%	$909	$1.8M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.29	−0.085%	$35K	$48K	10x	as long as short
Coinbase International NBIS-PERP-INTX	0.0000%	1h	233.76	−0.311%	$358K	$676K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.46	−0.013%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.40	−0.038%	$1.6M	$968K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.54	+0.021%	—	$234K	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-USD	+0.0050%	1h	234.41	−0.034%	$147K	$706K	10x	as long as short
SoDEX NBIS-USDshort	+0.0050%	1h	234.40	−0.038%	$23	$20K	10x
QFEX NBIS-USD	+0.0051%	1h	234.34	−0.064%	$1.5M	$5.1M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.23	−0.111%	$483K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.39	−0.043%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.44	−0.021%	—	—	10x	as long as short
Variational Omni NBIS	+0.0202%	8h	234.45	−0.017%	$2.9M	$821K	—	as long as short
Nado NBIS-PERP	+0.0207%	1h	234.25	−0.101%	$28K	$63K	3x	as long as short
BloFin NBIS-USDT	+0.0220%	8h	234.39	−0.043%	$205K	$214K	20x	as long as short
Aster NBISUSDT	+0.0223%	8h	234.32	−0.072%	$79K	$306K	50x	as long as short
Binance NBISUSDT	+0.0238%	8h	234.37	−0.053%	$19.4M	$86.3M	25x	as long as short
Extended NBIS-USD	+0.0240%	1h	234.33	−0.069%	$142K	$697K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0249%	1h	234.21	−0.120%	$24K	$13K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0252%	8h	234.45	−0.016%	$5K	$140K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0259%	1h	234.33	−0.068%	$174K	$498K	10x	as long as short
Arcus NBIS-USD	+0.0269%	1h	234.34	−0.064%	$44K	$134K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0274%	1h	234.41	−0.034%	$54.7M	$23.3M	10x	as long as short
Lighter NBISlong	+0.0360%	1h	234.49	long leg	$931K	$4.6M	10x
Phoenix NBIS	+0.0376%	1h	234.65	+0.068%	$7K	$163K	10x	as long as short
edgeX NBISUSDC	+0.0502%	4h	234.37	−0.050%	$38K	$236K	10x	as long as short
Entropy io:NBIS	+0.0506%	1h	234.38	−0.047%	$10.2M	$3.4M	10x	as long as short