NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0253%/8h= +27.7% APRnext payment +$2.53 per $10,000 · paid last 24h +0.074%

Price spread now: Binance against Phemex−0.025%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1121.121% of the position

Long on Phemex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 2 days (all we have)−0.086%−$9 · spread now −0.025%, 7d avg −0.040%

Together, before fees+0.055%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.141% in total (about 7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NBISUSDT	234.91	0	get 0.0000% / 8h	22m 09s	$1.6M	$973K	10x
Short	Binance NBISUSDT	234.85	0.0253	get 0.0253% / 8h	22m 09s	$19.4M	$86.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 PhemexbpFee BinancebpOrdersPrice spread, now −0.025%Rate

Funding earned: $53.05
Price spread: −0.025% → −0.040%: $1.45
Slippage, 4 orders: −$90.11
Fee Phemex: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$57.62
Costs to cover: 1.121%
Break-even: 14.6 days

Slippage from Phemex: live order book, 1 min ago; Binance: live order book, 6 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, 1 min ago	2.34 bp	43.5 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.21 bp	8.6 bp −$9	23.4 bp −$234	80.0 bp −$7,996	doesn't fit

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	234.80	−0.047%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.92	+0.004%	$3.4M	$17.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.81	−0.043%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.87	−0.017%	$2.5M	$4.8M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.78	−0.055%	$1K	$1.8M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.70	−0.089%	$35K	$48K	10x	as long as short
Coinbase International NBIS-PERP-INTX	0.0000%	1h	233.76	−0.490%	$358K	$676K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.82	−0.038%	$15K	$115K	20x	as long as short
Phemex NBISUSDTlong	0.0000%	8h	234.91	long leg	$1.6M	$973K	10x
Vest NBIS-USD-PERP	+0.0046%	1h	235.00	+0.038%	—	$234K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps NBIS-USD	+0.0050%	1h	234.84	−0.030%	$149K	$723K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.83	−0.034%	$28	$20K	10x	as long as short
QFEX NBIS-USD	+0.0051%	1h	234.75	−0.068%	$1.5M	$5.2M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.61	−0.128%	$484K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.79	−0.051%	$2K	$3K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0102%	1h	234.65	−0.111%	$174K	$499K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.85	−0.027%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0195%	1h	234.68	−0.100%	$28K	$63K	3x	as long as short
Variational Omni NBIS	+0.0218%	8h	234.82	−0.039%	$2.9M	$822K	—	as long as short
Aster NBISUSDT	+0.0235%	8h	234.58	−0.139%	$79K	$306K	50x	as long as short
Kraken Futures PF_NBISUSD	+0.0248%	1h	234.55	−0.155%	$24K	$14K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0252%	8h	234.83	−0.034%	$5K	$139K	10x	as long as short
Binance NBISUSDTshort	+0.0253%	8h	234.85	−0.025%	$19.4M	$86.5M	25x
Extended NBIS-USD	+0.0256%	1h	234.79	−0.050%	$144K	$699K	10x	as long as short
BloFin NBIS-USDT	+0.0267%	8h	234.83	−0.034%	$207K	$214K	20x	as long as short
Arcus NBIS-USD	+0.0269%	1h	234.77	−0.060%	$44K	$134K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0305%	1h	234.90	−0.004%	$54.8M	$23.4M	10x	as long as short
Phoenix NBIS	+0.0376%	1h	235.05	+0.060%	$7K	$163K	10x	as long as short
Lighter NBIS	+0.0384%	1h	234.96	+0.021%	$933K	$4.6M	10x	as long as short
edgeX NBISUSDC	+0.0431%	4h	234.77	−0.061%	$38K	$234K	10x	as long as short
Entropy io:NBIS	+0.0484%	1h	234.80	−0.047%	$10.3M	$3.4M	10x	as long as short