Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.069%
Price spread now: tradeXYZ against Phemex−0.232%48s7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1131.131% of the position
Funding, last 7 days+0.318%+$32 on $10k
+Price spread, last 4 days (all we have)+0.254%+$25 · spread now −0.232%, 7d avg −0.011%
=Together, before fees+0.572%+ Points / potential airdroptradeXYZ: Active · farm board+$57 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.221% cheaper against Phemex than usual: you would sell low and buy high (spread −0.232% now, against its 7-day average of −0.011%). If the spread goes back, that is −$22 on $10k: about 15 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.318% in total) that is about 4.9 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NBISUSDT | 232.55 | 0 | get 0.0000% / 8h | 3h 03m | $1.6M | $956K | 10x |
| Short | tradeXYZ xyz:NBIS | 232.01 | 0.0050 | get 0.0006% / 1h | 3m 25s | $54.1M | $20.2M | 10x |
Phemex NBISUSDT
tradeXYZ xyz:NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.5
- Price spread: −0.232% → −0.011%
- −$22.11
- Slippage, 4 orders
- −$83.08
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$124.69
- Costs to cover
- 1.131%
- Break-even
- 90.1 days
Slippage from Phemex: live order book, 5 min ago; tradeXYZ: live order book, 5 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 | 4.74 bp | 41.2 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 0.65 bp | 13.1 bp −$13 | 17.3 bp −$173 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster NBISUSDT | 0.0000% | 8h | 232.30 | −0.108% | $78K | $307K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 231.97 | −0.250% | $151K | $667K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 232.03 | −0.225% | $18.8M | $85.6M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 232.11 | −0.189% | $4.9M | $6.4M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 231.99 | −0.241% | $3.3M | $16.1M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 232.19 | −0.155% | $2.7M | $5.1M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 232.08 | −0.202% | $2.3M | $4.5M | 20x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 232.62 | +0.032% | $2.9M | $552K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 232.41 | −0.062% | $5K | $118K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 232.07 | −0.206% | $984 | $1.6M | 10x | as long as short |
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
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 | 232.34 | −0.090% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDTlong | 0.0000% | 8h | 232.55 | long leg | $1.6M | $956K | 10x | |
| Nado NBIS-PERP | +0.0008% | 1h | 232.10 | −0.194% | $38K | $115K | 3x | as long as short |
| BloFin NBIS-USDT | +0.0009% | 8h | 232.15 | −0.172% | $205K | $205K | 20x | as long as short |
| QFEX NBIS-USD | +0.0034% | 1h | 232.00 | −0.237% | $1.5M | $4.0M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 232.23 | −0.138% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 232.15 | −0.172% | — | $217K | 5x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0049% | 1h | 232.03 | −0.224% | $23K | $15K | 20x | as long as short |
| tradeXYZ xyz:NBISshort | +0.0050% | 1h | 232.01 | −0.232% | $54.1M | $20.2M | 10x | |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 231.99 | −0.241% | $142K | $459K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 232.01 | −0.232% | $107 | $21K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 232.20 | −0.151% | $160K | $508K | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0095% | 1h | 232.01 | −0.232% | $34K | $49K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 232.03 | −0.224% | $478K | $20K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 232.01 | −0.232% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 231.97 | −0.250% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0104% | 1h | 232.30 | −0.108% | $361K | $771K | 10x | as long as short |
| edgeX NBISUSDC | +0.0149% | 4h | 232.30 | −0.106% | $37K | $227K | 10x | as long as short |
| Lighter NBIS | +0.0192% | 1h | 232.24 | −0.133% | $918K | $4.0M | 10x | as long as short |
| Phoenix NBIS | +0.0239% | 1h | 232.36 | −0.082% | $7K | $150K | 10x | as long as short |
| Entropy io:NBIS | +0.0298% | 1h | 232.43 | −0.052% | $10.1M | $3.2M | 10x | as long as short |
HTX NBIS-USDT
Nado NBIS-PERP
BloFin NBIS-USDT
QFEX NBIS-USD
Arcus NBIS-USD
Vest NBIS-USD-PERP
Kraken Futures PF_NBISUSD
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Deribit NBIS_USDC-PERPETUAL
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
edgeX NBISUSDC
Lighter NBIS
Phoenix NBIS
Entropy io:NBIS