NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0472%/8h= +51.7% APRnext payment +$0.59 per $10,000 · paid last 24h +0.123%

Price spread now: Entropy against Ondo Perps−0.008%7-day average +0.103% · you buy dearer than you sell

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

Long on Ondo Perps Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days+0.481%+$48 on $10k

Price spread, last 4 days (all we have)−0.418%−$42 · spread now −0.008%, 7d avg +0.103%

Together, before fees+0.063%+ Points / potential airdropOndo Perps: Active · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Entropy is 0.112% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.103%). If the spread goes back, that is −$11 on $10k: about 19 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.481% in total) that is about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NBIS-USD.P	235.42	0.0050	pay 0.0006% / 1h	5m 33s	$165K	$500K	10x
Short	Entropy io:NBIS	235.40	0.0523	get 0.0065% / 1h	5m 33s	$10.2M	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee EntropybpOrdersPrice spread, now −0.008%Rate

Funding earned: $99.22
Price spread: −0.008% → +0.103%: −$11.18
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Entropy: 9 bp × 2 orders: −$18
Net: $65.04
Costs to cover: 0.230%
Break-even: 2.4 days

Slippage unknown: Ondo Perps: no order-book sample; Entropy: live order book, 1 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 Entropy live order book, 1 min ago	0.64 bp	13.8 bp −$14	doesn't fit	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
Nado NBIS-PERP	−0.0008%	1h	235.46	+0.018%	$64K	$99K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.58	+0.068%	$5.1M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.52	+0.042%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.53	+0.047%	$2.8M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.51	+0.038%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.28	−0.060%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.52	+0.042%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.47	+0.021%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.29	−0.055%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.53	+0.047%	$1.6M	$960K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0023%	1h	235.50	+0.034%	$1.5M	$4.2M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.26	−0.068%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.79	+0.157%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.48	+0.025%	$150K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.47	+0.021%	$61	$20K	10x	as long as short
Ondo Perps NBIS-USD.Plong	+0.0050%	1h	235.42	long leg	$165K	$500K	10x
edgeX NBISUSDC	+0.0052%	4h	235.46	+0.018%	$38K	$226K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0070%	1h	235.45	+0.013%	$55.2M	$19.6M	10x	as long as short
Variational Omni NBIS	+0.0075%	8h	235.50	+0.034%	$2.9M	$565K	—	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.32	−0.042%	$485K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.53	+0.047%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.51	+0.038%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	235.35	−0.030%	$389K	$725K	10x	as long as short
Aster NBISUSDT	+0.0115%	8h	235.47	+0.023%	$81K	$307K	50x	as long as short
Binance NBISUSDT	+0.0119%	8h	235.57	+0.064%	$19.2M	$84.4M	25x	as long as short
Extended NBIS-USD	+0.0120%	1h	235.51	+0.037%	$147K	$706K	10x	as long as short
BloFin NBIS-USDT	+0.0123%	8h	235.44	+0.008%	$206K	$205K	20x	as long as short
Kraken Futures PF_NBISUSD	+0.0151%	1h	235.32	−0.042%	$24K	$15K	20x	as long as short
Lighter NBIS	+0.0272%	1h	235.60	+0.076%	$902K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	235.19	−0.098%	$7K	$150K	10x	as long as short
Entropy io:NBISshort	+0.0523%	1h	235.40	−0.008%	$10.2M	$3.3M	10x