Funding you earn now, next payment 03:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.033%
Price spread now: Arcus against Phemex−0.132%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1201.197% of the position
Funding, last 4 days (all we have)+0.162%+$16 on $10k
+Price spread, last 3 days (all we have)+0.175%+$17 · spread now −0.132%, 7d avg −0.025%
=Funding pays, the price is against you. Arcus is 0.107% cheaper against Phemex than usual: you would sell low and buy high (spread −0.132% now, against its 7-day average of −0.025%). If the spread goes back, that is −$11 on $10k: about 8.9 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.162% in total) that is about 2.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NBISUSDT | 234.22 | 0 | get 0.0000% / 8h | 5h 55m | $1.6M | $969K | 10x |
| Short | Arcus NBIS-USD | 233.91 | 0.0040 | get 0.0005% / 1h | 55m 12s | $42K | $132K | 5x |
Phemex NBISUSDT
Arcus NBIS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Phemex. 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
- $8.46
- Price spread: −0.132% → −0.025%
- −$10.75
- Slippage, 4 orders
- −$103.17
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$121.96
- Costs to cover
- 1.197%
- Break-even
- 107.9 days
Slippage from Phemex: live order book, 3 min ago; Arcus: live order book, 8 min ago.
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 Phemex live order book, 3 min ago | 1.07 bp | 45.3 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell Arcus live order book, 8 min ago | 4.70 bp | 8.6 bp −$9 | 17.2 bp −$172 | doesn't fit | doesn't fit |
NBIS on 30 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 | 234.17 | −0.021% | $5.0M | $6.2M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 234.12 | −0.043% | $3.4M | $16.3M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 234.14 | −0.034% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 234.08 | −0.060% | $2.4M | $4.4M | 20x | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 234.04 | −0.077% | $5K | $127K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 234.08 | −0.060% | $904 | $1.7M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 234.07 | −0.064% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDTlong | 0.0000% | 8h | 234.22 | long leg | $1.6M | $969K | 10x | |
| QFEX NBIS-USD | +0.0023% | 1h | 234.08 | −0.060% | $1.5M | $4.4M | 10x | as long as short |
| Arcus NBIS-USDshort | +0.0040% | 1h | 233.91 | −0.132% | $42K | $132K | 5x |
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
HTX NBIS-USDT
QFEX NBIS-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NBIS-USD-PERP | +0.0046% | 1h | 234.20 | −0.009% | — | $215K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 234.02 | −0.085% | $149K | $453K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 234.05 | −0.073% | $9 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 233.96 | −0.111% | $163K | $496K | 10x | as long as short |
| Nado NBIS-PERP | +0.0060% | 1h | 233.88 | −0.147% | $67K | $95K | 3x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 233.99 | −0.098% | $482K | $21K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 234.05 | −0.073% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 234.05 | −0.073% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0104% | 1h | 233.53 | −0.295% | $382K | $712K | 10x | as long as short |
| Variational Omni NBIS | +0.0132% | 8h | 234.03 | −0.083% | $2.8M | $570K | — | as long as short |
| Aster NBISUSDT | +0.0151% | 8h | 234.34 | +0.050% | $81K | $307K | 50x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0152% | 1h | 234.11 | −0.048% | $23K | $15K | 20x | as long as short |
| Extended NBIS-USD | +0.0160% | 1h | 234.03 | −0.081% | $147K | $698K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0162% | 1h | 234.02 | −0.085% | $54.6M | $19.9M | 10x | as long as short |
| Binance NBISUSDT | +0.0162% | 8h | 234.16 | −0.027% | $19.1M | $84.7M | 25x | as long as short |
| edgeX NBISUSDC | +0.0187% | 4h | 234.02 | −0.087% | $38K | $226K | 10x | as long as short |
| Phoenix NBIS | +0.0306% | 1h | 234.19 | −0.013% | $7K | $150K | 10x | as long as short |
| Lighter NBIS | +0.0352% | 1h | 234.23 | +0.004% | $904K | $4.3M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0391% | 1h | 234.00 | −0.094% | $35K | $48K | 10x | as long as short |
| Entropy io:NBIS | +0.0475% | 1h | 234.00 | −0.094% | $10.2M | $3.3M | 10x | as long as short |
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Nado NBIS-PERP
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
Variational Omni NBIS
Aster NBISUSDT
Kraken Futures PF_NBISUSD
Extended NBIS-USD
tradeXYZ xyz:NBIS
Binance NBISUSDT
edgeX NBISUSDC
Phoenix NBIS
Lighter NBIS
Deribit NBIS_USDC-PERPETUAL
Entropy io:NBIS