Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.016%
Price spread now: Phemex against Ondo Perps+0.091%7-day average +0.036% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.165%−$17 on $10k
+Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.091%, 7d avg +0.036%
=Together, before fees−0.293%+ Points / potential airdropOndo Perps: Active · farm board−$29 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.055% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of +0.036%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps NBIS-USD.P | 231.68 | 0.0050 | pay 0.0006% / 1h | 1m 35s | $151K | $547K | 10x |
| Short | Phemex NBISUSDT | 231.89 | 0 | get 0.0000% / 8h | 2h 01m | $1.6M | $959K | 10x |
Ondo Perps NBIS-USD.P
Phemex NBISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: +0.091% → +0.036%
- $5.49
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$22.09
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Phemex: 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 Phemex live order book, 1 min ago | 3.45 bp | 40.0 bp −$40 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget NBISUSDT | −0.0393% | 8h | 232.04 | +0.155% | $2.3M | $4.6M | 20x | as long as short |
| BloFin NBIS-USDT | −0.0011% | 8h | 231.95 | +0.117% | $202K | $206K | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 231.89 | +0.092% | $85K | $311K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 231.95 | +0.116% | $146K | $753K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 232.02 | +0.147% | $18.6M | $87.1M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 232.10 | +0.181% | $4.9M | $6.5M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 231.96 | +0.121% | $3.3M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 232.03 | +0.151% | $2.7M | $5.1M | 50x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 232.29 | +0.265% | $2.8M | $602K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 231.93 | +0.108% | $5K | $116K | 10x | as long as short |
Bitget NBISUSDT
BloFin NBIS-USDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Variational Omni NBIS
GRVT NBIS_USDT_PerpShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX NBIS-USDT | 0.0000% | 8h | 232.11 | +0.186% | $1K | $1.6M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 232.09 | +0.177% | $15K | $61K | 20x | as long as short |
| Phemex NBISUSDTshort | 0.0000% | 8h | 231.89 | +0.091% | $1.6M | $959K | 10x | |
| QFEX NBIS-USD | +0.0029% | 1h | 232.01 | +0.142% | $1.5M | $3.9M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 231.89 | +0.091% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 231.83 | +0.065% | — | $220K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 231.93 | +0.108% | $138K | $473K | 10x | as long as short |
| Ondo Perps NBIS-USD.Plong | +0.0050% | 1h | 231.68 | long leg | $151K | $547K | 10x | |
| Nado NBIS-PERP | +0.0059% | 1h | 231.90 | +0.095% | $38K | $115K | 3x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 231.86 | +0.078% | $478K | $20K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 231.85 | +0.073% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 231.84 | +0.070% | — | — | 10x | as long as short |
| SoDEX NBIS-USD | +0.0114% | 1h | 231.87 | +0.082% | $74 | $20K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0126% | 1h | 231.98 | +0.129% | $54.5M | $21.1M | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0168% | 1h | 232.18 | +0.216% | $352K | $816K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0222% | 1h | 231.78 | +0.044% | $23K | $15K | 20x | as long as short |
| Phoenix NBIS | +0.0242% | 1h | 232.20 | +0.224% | $7K | $150K | 10x | as long as short |
| Lighter NBIS | +0.0272% | 1h | 232.11 | +0.186% | $941K | $4.0M | 10x | as long as short |
| Entropy io:NBIS | +0.0402% | 1h | 231.95 | +0.117% | $10.1M | $3.2M | 10x | as long as short |
| edgeX NBISUSDC | +0.0533% | 4h | 231.91 | +0.101% | $37K | $227K | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0786% | 1h | 231.79 | +0.047% | $34K | $49K | 10x | as long as short |
SunX NBIS-USDT
HTX NBIS-USDT
QFEX NBIS-USD
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
Nado NBIS-PERP
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
SoDEX NBIS-USD
tradeXYZ xyz:NBIS
Coinbase International NBIS-PERP-INTX
Kraken Futures PF_NBISUSD
Phoenix NBIS
Lighter NBIS
Entropy io:NBIS
edgeX NBISUSDC
Deribit NBIS_USDC-PERPETUAL