Funding you earn now, next payment 00:00 UTC+0.0217%/8h= +23.8% APRnext payment +$0.27 per $10,000 · paid last 24h +0.037%
Price spread now: Phoenix against Nado+0.053%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.053% dearer against Nado than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado NBIS-PERP | 236.02 | 0.0192 | pay 0.0024% / 1h | 29m 01s | $29K | $63K | 3x |
| Short | Phoenix NBIS | 236.14 | 0.0409 | get 0.0051% / 1h | 29m 01s | $7K | $163K | 10x |
Nado NBIS-PERP
Phoenix NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Nado. 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
- $45.59
- Price spread: +0.053% → 0.000%
- $5.26
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $36.85
- Costs to cover
- 0.140%
- Break-even
- 1.3 days
Slippage unknown: Nado: no order-book sample; Phoenix: live order book, 37 min ago. 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 Nado no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 37 min ago | 3.83 bp | 12.7 bp −$13 | 26.9 bp −$269 | doesn't fit | doesn't fit |
Nado: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NBISUSD | −0.0178% | 1h | 235.93 | −0.037% | $24K | $15K | 20x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 236.22 | +0.087% | $3.4M | $16.8M | 25x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 236.05 | +0.015% | $1K | $1.7M | 10x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 236.08 | +0.027% | $1.6M | $973K | 10x | as long as short |
| HTX NBIS-USDT | +0.0003% | 8h | 235.80 | −0.091% | $15K | $112K | 20x | as long as short |
| Gate NBIS_USDT | +0.0004% | 8h | 236.11 | +0.040% | $2.8M | $5.1M | 50x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0016% | 1h | 236.05 | +0.015% | $386K | $739K | 10x | as long as short |
| QFEX NBIS-USD | +0.0038% | 1h | 236.06 | +0.019% | $1.5M | $5.0M | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 236.22 | +0.087% | — | $224K | 5x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 235.64 | −0.159% | $175K | $504K | 10x | as long as short |
Kraken Futures PF_NBISUSD
OKX NBIS-USDT-SWAP
SunX NBIS-USDT
Phemex NBISUSDT
HTX NBIS-USDT
Gate NBIS_USDT
Coinbase International NBIS-PERP-INTX
QFEX NBIS-USD
Vest NBIS-USD-PERP
Ondo Perps NBIS-USD.PShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget NBISUSDT | +0.0059% | 8h | 236.11 | +0.040% | $2.5M | $4.6M | 20x | as long as short |
| Bybit NBISUSDT | +0.0096% | 8h | 236.23 | +0.091% | $5.1M | $6.5M | 50x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 235.88 | −0.058% | $486K | $23K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 236.11 | +0.040% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 236.11 | +0.042% | — | — | 10x | as long as short |
| SoDEX NBIS-USD | +0.0162% | 1h | 236.00 | −0.007% | $42 | $20K | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0174% | 1h | 236.07 | +0.023% | $35K | $48K | 10x | as long as short |
| Nado NBIS-PERPlong | +0.0192% | 1h | 236.02 | long leg | $29K | $63K | 3x | |
| Variational Omni NBIS | +0.0230% | 8h | 235.75 | −0.113% | $2.9M | $820K | — | as long as short |
| BloFin NBIS-USDT | +0.0241% | 8h | 236.13 | +0.048% | $207K | $212K | 20x | as long as short |
| Aster NBISUSDT | +0.0245% | 8h | 235.95 | −0.028% | $82K | $308K | 50x | as long as short |
| Extended NBIS-USD | +0.0264% | 1h | 236.01 | −0.003% | $151K | $932K | 10x | as long as short |
| Binance NBISUSDT | +0.0266% | 8h | 236.23 | +0.091% | $19.7M | $85.6M | 25x | as long as short |
| Lighter NBIS | +0.0328% | 1h | 236.28 | +0.112% | $929K | $4.5M | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0366% | 1h | 236.08 | +0.027% | $136K | $433K | 10x | as long as short |
| Arcus NBIS-USD | +0.0366% | 1h | 235.60 | −0.176% | $44K | $132K | 5x | as long as short |
| Phoenix NBISshort | +0.0409% | 1h | 236.14 | +0.053% | $7K | $163K | 10x | |
| GRVT NBIS_USDT_Perp | +0.0435% | 8h | 235.71 | −0.131% | $5K | $133K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0469% | 1h | 236.09 | +0.031% | $55.2M | $23.7M | 10x | as long as short |
| edgeX NBISUSDC | +0.0550% | 4h | 235.72 | −0.123% | $38K | $229K | 10x | as long as short |
| Entropy io:NBIS | +0.0904% | 1h | 235.70 | −0.134% | $10.3M | $3.4M | 10x | as long as short |
Bitget NBISUSDT
Bybit NBISUSDT
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
SoDEX NBIS-USD
Deribit NBIS_USDC-PERPETUAL
Variational Omni NBIS
BloFin NBIS-USDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Lighter NBIS
Polymarket Perps NBIS-USD
Arcus NBIS-USD
GRVT NBIS_USDT_Perp
tradeXYZ xyz:NBIS
edgeX NBISUSDC
Entropy io:NBIS