NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0526%/8h= +57.5% APRnext payment +$5.26 per $10,000 · paid last 24h +0.078%

Price spread now: Bybit against Phemex+0.072%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1271.271% of the position

Long on Phemex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 3 days (all we have)−0.067%−$7 · spread now +0.072%, 7d avg −0.011%

Together, before fees+0.104%+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Bybit is 0.083% dearer against Phemex than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.011%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.170% in total (about 8.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.26 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	235.55	0	get 0.0000% / 8h	7h 54m	$1.6M	$973K	10x
Short	Bybit NBISUSDT	235.72	0.0526	get 0.0526% / 8h	7h 54m	$5.2M	$6.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.072%Rate

Funding earned: $110.36
Price spread: +0.072% → −0.011%: $8.33
Slippage, 4 orders: −$104.06
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$8.37
Costs to cover: 1.271%
Break-even: 7.5 days

Slippage from Phemex: live order book, 3 min ago; Bybit: live order book, 3 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	4.04 bp	43.5 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.06 bp	18.4 bp −$18	84.6 bp −$846	doesn't fit	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
Kraken Futures PF_NBISUSD	−0.0179%	1h	235.39	−0.069%	$24K	$15K	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.58	+0.013%	$3.4M	$17.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.46	−0.038%	$2.8M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.62	+0.030%	$2.5M	$4.7M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.57	+0.008%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.52	−0.013%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.69	+0.059%	$15K	$113K	20x	as long as short
Phemex NBISUSDTlong	0.0000%	8h	235.55	long leg	$1.6M	$973K	10x
Coinbase International NBIS-PERP-INTX	+0.0016%	1h	234.10	−0.616%	$359K	$678K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.53	−0.008%	$1.5M	$5.2M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0046%	1h	235.76	+0.089%	—	$234K	5x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.03	−0.221%	$174K	$506K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.29	−0.110%	$485K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.57	+0.008%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.76	−0.334%	—	—	10x	as long as short
Variational Omni NBIS	+0.0195%	8h	235.77	+0.093%	$2.9M	$817K	—	as long as short
Nado NBIS-PERP	+0.0202%	1h	235.54	−0.005%	$29K	$63K	3x	as long as short
Aster NBISUSDT	+0.0213%	8h	235.75	+0.083%	$81K	$308K	50x	as long as short
Extended NBIS-USD	+0.0232%	1h	235.57	+0.009%	$138K	$700K	10x	as long as short
Binance NBISUSDT	+0.0232%	8h	235.63	+0.033%	$19.5M	$86.1M	25x	as long as short
BloFin NBIS-USDT	+0.0252%	8h	235.56	+0.004%	$206K	$213K	20x	as long as short
Arcus NBIS-USD	+0.0366%	1h	235.13	−0.178%	$44K	$134K	5x	as long as short
Phoenix NBIS	+0.0376%	1h	234.94	−0.259%	$7K	$163K	10x	as long as short
edgeX NBISUSDC	+0.0438%	4h	235.44	−0.047%	$38K	$228K	10x	as long as short
Lighter NBIS	+0.0480%	1h	235.63	+0.034%	$930K	$4.4M	10x	as long as short
Bybit NBISUSDTshort	+0.0526%	8h	235.72	+0.072%	$5.2M	$6.5M	50x
GRVT NBIS_USDT_Perp	+0.0566%	8h	235.49	−0.025%	$5K	$137K	10x	as long as short
Entropy io:NBIS	+0.0795%	1h	235.28	−0.115%	$10.3M	$3.4M	10x	as long as short
SoDEX NBIS-USD	+0.1139%	1h	235.54	−0.004%	$9	$20K	10x	as long as short
Polymarket Perps NBIS-USD	+0.1840%	1h	235.33	−0.093%	$137K	$431K	10x	as long as short
tradeXYZ xyz:NBIS	+0.2084%	1h	235.37	−0.076%	$54.9M	$23.5M	10x	as long as short