Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.009%
Price spread now: Deribit against Orderly−0.038%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.038% cheaper against Orderly than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_NBIS_USDC_mythos | 234.79 | 0.0100 | pay 0.0100% / 8h | 21m 34s | $2K | $3K | 10x |
| Short | Deribit NBIS_USDC-PERPETUAL | 234.70 | 0 | get 0.0000% / 1h | 21m 34s | $35K | $48K | 10x |
Orderly PERP_NBIS_USDC_mythos
Deribit NBIS_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Orderly. 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
- −$21
- Price spread: −0.038% → 0.000%
- −$3.83
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$37.83
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Deribit: no order-book sample. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Orderly and Deribit: 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 NBISUSDT | 0.0000% | 8h | 234.88 | +0.038% | $5.2M | $6.5M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 234.92 | +0.055% | $3.4M | $17.1M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 234.85 | +0.026% | $2.8M | $5.3M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 234.87 | +0.034% | $2.5M | $4.8M | 20x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 234.78 | −0.004% | $1K | $1.8M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUALshort | 0.0000% | 1h | 234.70 | −0.038% | $35K | $48K | 10x | |
| Coinbase International NBIS-PERP-INTX | 0.0000% | 1h | 233.76 | −0.439% | $358K | $676K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 234.82 | +0.013% | $15K | $115K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 234.91 | +0.051% | $1.6M | $973K | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 235.04 | +0.106% | — | $234K | 5x | as long as short |
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
SunX NBIS-USDT
Coinbase International NBIS-PERP-INTX
HTX NBIS-USDT
Phemex NBISUSDT
Vest NBIS-USD-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 234.88 | +0.038% | $150K | $723K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 234.83 | +0.017% | $28 | $20K | 10x | as long as short |
| QFEX NBIS-USD | +0.0051% | 1h | 234.84 | +0.021% | $1.5M | $5.2M | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0095% | 1h | 234.65 | −0.060% | $174K | $499K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 234.77 | −0.009% | $484K | $25K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythoslong | +0.0100% | 8h | 234.79 | long leg | $2K | $3K | 10x | |
| Aevo NBIS-PERP | +0.0104% | 1h | 234.85 | +0.024% | — | — | 10x | as long as short |
| Nado NBIS-PERP | +0.0196% | 1h | 234.91 | +0.050% | $28K | $63K | 3x | as long as short |
| Variational Omni NBIS | +0.0218% | 8h | 234.82 | +0.012% | $2.9M | $822K | — | as long as short |
| Aster NBISUSDT | +0.0235% | 8h | 234.86 | +0.031% | $79K | $306K | 50x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0248% | 1h | 234.55 | −0.104% | $24K | $14K | 20x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0252% | 8h | 234.83 | +0.017% | $5K | $139K | 10x | as long as short |
| Binance NBISUSDT | +0.0254% | 8h | 234.94 | +0.064% | $19.4M | $86.5M | 25x | as long as short |
| Extended NBIS-USD | +0.0256% | 1h | 234.90 | +0.045% | $144K | $699K | 10x | as long as short |
| BloFin NBIS-USDT | +0.0267% | 8h | 234.83 | +0.017% | $207K | $214K | 20x | as long as short |
| Arcus NBIS-USD | +0.0269% | 1h | 234.91 | +0.051% | $44K | $134K | 5x | as long as short |
| tradeXYZ xyz:NBIS | +0.0304% | 1h | 234.95 | +0.068% | $54.8M | $23.4M | 10x | as long as short |
| edgeX NBISUSDC | +0.0366% | 4h | 234.75 | −0.018% | $38K | $235K | 10x | as long as short |
| Phoenix NBIS | +0.0376% | 1h | 235.01 | +0.094% | $7K | $163K | 10x | as long as short |
| Lighter NBIS | +0.0384% | 1h | 235.02 | +0.098% | $933K | $4.6M | 10x | as long as short |
| Entropy io:NBIS | +0.0482% | 1h | 234.82 | +0.013% | $10.3M | $3.4M | 10x | as long as short |
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
QFEX NBIS-USD
Ondo Perps NBIS-USD.P
KuCoin NBISUSDTM
Aevo NBIS-PERP
Nado NBIS-PERP
Variational Omni NBIS
Aster NBISUSDT
Kraken Futures PF_NBISUSD
GRVT NBIS_USDT_Perp
Binance NBISUSDT
Extended NBIS-USD
BloFin NBIS-USDT
Arcus NBIS-USD
tradeXYZ xyz:NBIS
edgeX NBISUSDC
Phoenix NBIS
Lighter NBIS
Entropy io:NBIS