Funding you earn now, next payment 08:00 UTC+0.0414%/8h= +45.4% APRpaid last 24h +0.133%
Price spread now: Entropy against Phemex−0.030%7-day average +0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1231.228% of the position
Funding, last 7 days+0.632%+$63 on $10k
+Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.030%, 7d avg +0.077%
=Funding pays, the price is against you. Entropy is 0.107% cheaper against Phemex than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.077%). If the spread goes back, that is −$11 on $10k: about 21 hours of funding at the current rate (+$12 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NBISUSDT | 231.03 | 0 | get 0.0000% / 8h | 8m 03s | $1.6M | $970K | 10x |
| Short | Entropy io:NBIS | 230.96 | 0.0414 | get 0.0052% / 1h | 8m 03s | $10.1M | $3.1M | 10x |
Phemex NBISUSDT
Entropy io:NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy 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
- $87
- Price spread: −0.030% → +0.077%
- −$10.69
- Slippage, 4 orders
- −$92.83
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$46.53
- Costs to cover
- 1.228%
- Break-even
- 10.7 days
Slippage from Phemex: live order book, 5 min ago; Entropy: live order book, 9 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, 5 min ago | 4.11 bp | 36.8 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Entropy live order book, 9 min ago | 0.87 bp | 16.1 bp −$16 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget NBISUSDT | −0.0369% | 8h | 231.01 | −0.009% | $2.3M | $4.6M | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 231.03 | 0.000% | $84K | $311K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 230.90 | −0.058% | $144K | $878K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 230.95 | −0.035% | $18.8M | $88.0M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 231.03 | 0.000% | $4.9M | $6.8M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 230.83 | −0.087% | $3.3M | $16.0M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 231.00 | −0.013% | $2.7M | $5.2M | 50x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 230.87 | −0.069% | $2.8M | $589K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 230.93 | −0.041% | $4K | $115K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 230.98 | −0.022% | $1K | $1.6M | 10x | as long as short |
Bitget NBISUSDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Variational Omni NBIS
GRVT NBIS_USDT_Perp
SunX NBIS-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX NBIS-USDT | 0.0000% | 8h | 231.01 | −0.009% | $15K | $57K | 20x | as long as short |
| Phemex NBISUSDTlong | 0.0000% | 8h | 231.03 | long leg | $1.6M | $970K | 10x | |
| BloFin NBIS-USDT | +0.0006% | 8h | 231.06 | +0.013% | $204K | $212K | 20x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 230.92 | −0.048% | $42K | $131K | 5x | as long as short |
| QFEX NBIS-USD | +0.0041% | 1h | 231.11 | +0.035% | $1.5M | $3.7M | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 230.96 | −0.030% | — | $223K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 230.91 | −0.052% | $137K | $473K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 230.94 | −0.039% | $79 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 230.97 | −0.026% | $150K | $542K | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0053% | 1h | 230.95 | −0.035% | $34K | $49K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0056% | 1h | 230.90 | −0.056% | $355K | $807K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 230.86 | −0.074% | $476K | $26K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 231.00 | −0.013% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 230.97 | −0.025% | — | — | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0118% | 1h | 230.86 | −0.074% | $54.0M | $21.2M | 10x | as long as short |
| Nado NBIS-PERP | +0.0186% | 1h | 230.85 | −0.077% | $38K | $116K | 3x | as long as short |
| Lighter NBIS | +0.0272% | 1h | 230.94 | −0.039% | $938K | $4.1M | 10x | as long as short |
| Phoenix NBIS | +0.0312% | 1h | 231.04 | +0.004% | $7K | $125K | 10x | as long as short |
| edgeX NBISUSDC | +0.0347% | 4h | 230.92 | −0.049% | $37K | $226K | 10x | as long as short |
| Entropy io:NBISshort | +0.0414% | 1h | 230.96 | −0.030% | $10.1M | $3.1M | 10x | |
| Kraken Futures PF_NBISUSD | +0.0541% | 1h | 230.91 | −0.053% | $23K | $15K | 20x | as long as short |
HTX NBIS-USDT
BloFin NBIS-USDT
Arcus NBIS-USD
QFEX NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Deribit NBIS_USDC-PERPETUAL
Coinbase International NBIS-PERP-INTX
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
tradeXYZ xyz:NBIS
Nado NBIS-PERP
Lighter NBIS
Phoenix NBIS
edgeX NBISUSDC
Kraken Futures PF_NBISUSD