NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0114%/8h= −12.5% APRnext payment −$0.14 per $10,000 · paid last 24h −0.024%

Price spread now: tradeXYZ against Lighter+0.022%7-day average −0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on Lighter Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.224%−$22 on $10k

Price spread, last 7 days−0.085%−$9 · spread now +0.022%, 7d avg −0.057%

Together, before fees−0.309%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.079% dearer against Lighter than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.057%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NBIS	232.38	0.0400	pay 0.0050% / 1h	5m 13s	$942K	$4.1M	10x
Short	tradeXYZ xyz:NBIS	232.43	0.0286	get 0.0036% / 1h	5m 13s	$54.7M	$19.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$23.95
Price spread: +0.022% → −0.057%: $7.88
Slippage, 4 orders: −$8.03
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$42.11
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; tradeXYZ: live order book, 7 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, 6 min ago	0.43 bp	1.0 bp −$1	2.8 bp −$28	51.7 bp −$5,165	doesn't fit
Sell tradeXYZ live order book, 7 min ago	1.30 bp	11.5 bp −$11	15.7 bp −$157	doesn't fit	doesn't fit

NBIS on 31 exchanges

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
OKX NBIS-USDT-SWAP	0.0000%	8h	232.34	−0.017%	$3.3M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.51	+0.056%	$2.7M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	232.35	−0.013%	$2.3M	$4.5M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	232.64	+0.112%	$984	$1.5M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	232.36	−0.009%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	232.33	−0.022%	$1.6M	$969K	10x	as long as short
Variational Omni NBIS	+0.0024%	8h	232.60	+0.095%	$2.9M	$636K	—	as long as short
Bybit NBISUSDT	+0.0027%	8h	232.45	+0.030%	$5.0M	$6.8M	50x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	232.61	+0.099%	—	$250K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	232.51	+0.056%	$139K	$472K	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.52	−0.370%	$153K	$540K	10x	as long as short
Aster NBISUSDT	+0.0053%	8h	232.10	−0.121%	$74K	$312K	50x	as long as short
QFEX NBIS-USD	+0.0054%	1h	232.50	+0.052%	$1.6M	$3.7M	10x	as long as short
Binance NBISUSDT	+0.0087%	8h	232.31	−0.030%	$19.7M	$90.8M	25x	as long as short
Extended NBIS-USD	+0.0088%	1h	232.23	−0.066%	$146K	$847K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0088%	1h	231.78	−0.258%	$382K	$877K	10x	as long as short
BloFin NBIS-USDT	+0.0099%	8h	232.50	+0.052%	$158K	$217K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.23	−0.065%	$471K	$160K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.39	+0.004%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.09	−0.126%	—	—	10x	as long as short
SoDEX NBIS-USD	+0.0129%	1h	232.31	−0.030%	$70	$19K	10x	as long as short
Nado NBIS-PERP	+0.0131%	1h	232.32	−0.025%	$38K	$86K	3x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0137%	1h	232.36	−0.009%	$34K	$49K	10x	as long as short
Arcus NBIS-USD	+0.0257%	1h	232.45	+0.030%	$42K	$121K	5x	as long as short
tradeXYZ xyz:NBISshort	+0.0286%	1h	232.43	+0.022%	$54.7M	$19.2M	10x
GRVT NBIS_USDT_Perp	+0.0318%	8h	232.34	−0.018%	$4K	$103K	10x	as long as short
Phoenix NBIS	+0.0347%	1h	232.07	−0.133%	$7K	$127K	10x	as long as short
Lighter NBISlong	+0.0400%	1h	232.38	long leg	$942K	$4.1M	10x
edgeX NBISUSDC	+0.0587%	4h	232.09	−0.126%	$37K	$227K	10x	as long as short
Entropy io:NBIS	+0.0666%	1h	232.11	−0.116%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0764%	1h	232.46	+0.034%	$22K	$11K	20x	as long as short