Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.002%
Price spread now: Bybit against Ondo Perps−0.090%7-day average +0.022% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.090%, 7d avg +0.022%
=Together, before fees+0.157%+ Points / potential airdropOndo Perps: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.111% cheaper against Ondo Perps than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.022%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps NBIS-USD.P | 233.94 | 0.0050 | pay 0.0006% / 1h | 46m 06s | $163K | $517K | 10x |
| Short | Bybit NBISUSDT | 233.73 | 0 | get 0.0000% / 8h | 6h 46m | $5.1M | $6.4M | 50x |
Ondo Perps NBIS-USD.P
Bybit NBISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Ondo Perps. 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
- −$10.58
- Price spread: −0.090% → +0.022%
- −$11.13
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$37.72
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 2 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 2.35 bp | 19.7 bp −$20 | 71.1 bp −$711 | doesn't fit | doesn't fit |
Ondo Perps: 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 NBISUSDTshort | 0.0000% | 8h | 233.73 | −0.090% | $5.1M | $6.4M | 50x | |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 233.71 | −0.098% | $3.4M | $16.6M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 233.83 | −0.047% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 233.78 | −0.068% | $2.4M | $4.6M | 20x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 233.81 | −0.056% | $1K | $1.7M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 233.77 | −0.073% | $35K | $48K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 234.72 | +0.333% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 233.79 | −0.064% | $1.6M | $972K | 10x | as long as short |
| QFEX NBIS-USD | +0.0024% | 1h | 233.80 | −0.060% | $1.5M | $4.8M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 234.02 | +0.034% | $42K | $135K | 5x | as long as short |
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Phemex NBISUSDT
QFEX NBIS-USD
Arcus NBIS-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NBIS-USD-PERP | +0.0046% | 1h | 233.94 | 0.000% | — | $226K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 233.77 | −0.073% | $144K | $466K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 233.77 | −0.073% | $103 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.Plong | +0.0050% | 1h | 233.94 | long leg | $163K | $517K | 10x | |
| Kraken Futures PF_NBISUSD | +0.0096% | 1h | 233.79 | −0.062% | $24K | $15K | 20x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 233.77 | −0.073% | $482K | $22K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 233.81 | −0.056% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 233.73 | −0.090% | — | — | 10x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0107% | 8h | 234.14 | +0.087% | $5K | $130K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0112% | 1h | 236.05 | +0.902% | $386K | $736K | 10x | as long as short |
| Nado NBIS-PERP | +0.0116% | 1h | 233.76 | −0.076% | $52K | $81K | 3x | as long as short |
| tradeXYZ xyz:NBIS | +0.0162% | 1h | 233.68 | −0.111% | $54.9M | $22.8M | 10x | as long as short |
| Aster NBISUSDT | +0.0231% | 8h | 233.97 | +0.014% | $81K | $314K | 50x | as long as short |
| Variational Omni NBIS | +0.0232% | 8h | 233.84 | −0.043% | $2.9M | $560K | — | as long as short |
| BloFin NBIS-USDT | +0.0234% | 8h | 234.04 | +0.043% | $207K | $209K | 20x | as long as short |
| Binance NBISUSDT | +0.0252% | 8h | 233.81 | −0.057% | $19.2M | $85.7M | 25x | as long as short |
| Extended NBIS-USD | +0.0256% | 1h | 233.75 | −0.082% | $150K | $705K | 10x | as long as short |
| Lighter NBIS | +0.0296% | 1h | 233.87 | −0.030% | $904K | $4.4M | 10x | as long as short |
| Phoenix NBIS | +0.0306% | 1h | 234.04 | +0.043% | $7K | $152K | 10x | as long as short |
| Entropy io:NBIS | +0.0352% | 1h | 234.11 | +0.073% | $10.2M | $3.4M | 10x | as long as short |
| edgeX NBISUSDC | +0.0362% | 4h | 234.09 | +0.064% | $38K | $227K | 10x | as long as short |
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Kraken Futures PF_NBISUSD
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
GRVT NBIS_USDT_Perp
Coinbase International NBIS-PERP-INTX
Nado NBIS-PERP
tradeXYZ xyz:NBIS
Aster NBISUSDT
Variational Omni NBIS
BloFin NBIS-USDT
Binance NBISUSDT
Extended NBIS-USD
Lighter NBIS
Phoenix NBIS
Entropy io:NBIS
edgeX NBISUSDC