NBIS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhoenixNBIS	239.86	+0.0164	pay 0.0021% / 1h	43m 24s	$10K	$260K	10x	Long Phoenix
SHORT	BingXNCSKNBIS2USD-USDT	240.57	+0.0271	get 0.0271% / 8h	1h 43m	$994K	$2.4M	—	Short BingX

Price gap+0.296%

Funding gap+0.0107% /8h

Both sides work: funding pays +$3 a day on $10k, and the gap is 0.241% above its 7d average: +$24 more if it goes back.

Funding on this pair cost 0.266% over the last 7 days: the rate has only just turned.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$27+0.0107% /8h now · paid −0.266% over the last 7D

Price+$24spread +0.296% now, avg +0.055% → +0.241% if it goes back

Costs−$430.433% of $10k · taker + slippage, in and out

Result−$46−0.46%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…

Price spread

Prices

Fundingper 8h

P&L

PRICE SPREAD · 7D

Now+0.296%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

NBIS on 33 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Large against open interest14.2 / 6.8 bp
$10k is over 10% of Phoenix’s open interest.
Note: Margin at max leverage$1,000 + —
Phoenix 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$3.20Long Phoenix: 24 payments, −$4.93; short BingX: 3 payments, +$8.13.
OK: Entry gap works for you+0.296% vs +0.055%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$10K vs $994K OI
Phoenix sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPhoenix No · BingX Yes
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0127%/8h × 21 periods−$26.62

Price spread+0.296% → +0.055% (7d avg)+$24.12

Slippage, 4 orderslive order books−$26.27

Fee Phoenix bp × 2 orders−$7.00

Fee BingX bp × 2 orders−$10.00

Net · 7 days · $10k−$45.76

Costs to cover0.433%Break-evennever at this rate

Slippage: Phoenix: live order book, 11 min ago; BingX: live order book, 10 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhoenix4.5514.2 bp−$1430.1 bp−$301doesn’t fitdoesn’t fit

SELL · SHORTBingX0.216.8 bp−$715.2 bp−$15247.1 bp−$4,714366.5 bp−$183.2K

Closing costs about the same again.

NBIS news

posts that mention NBIS or Nebius Group, from every exchangeSearch all news →

09-24 16:13	Entropy	Other	$NBIS max leverage has been increased to 15x. @entropyIO on X ↗
09-24 15:30	Vest Markets	Other	Trade $NBIS volatility with a Vest Capital funded account and access up to $25k in trading capital at: @VestExchange on X ↗
09-24 15:30	Vest Markets	Other	$NBIS is drawing buyers on its October 1 AI compute price increases, with the stock up around 6% on the session. The increases run 17% to 21% on on-demand $NVDA GPU instances, covering the H100 through B300 lines, the second round in three months. BNP Paribas Exane raised its rating to Outperform today, with a $399 price target, from $260, citing that pricing power. @VestExchange on X ↗
09-22 19:31	Vest Markets	Other	Heading into the close, CoreWeave's Remote Key Encryption counts $IBM as a launch partner, with $CRWV up around 1.6%. Rothschild & Co Redburn started $CRWV at Sell with a $54 price target, and $NBIS at Sell with an $84 price target, alongside six AI-focused miners at Neutral. Trade $CRWV volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗
09-21 16:30	Vest Markets	Other	AI cloud names are extending last week's rally, with $NBIS up around 4.4% on the session. Rothschild & Co Redburn started coverage at Sell, flagging cyclically inflated AI valuations and credit-market stress for the neocloud group. $NBIS has still added about 118% over the past twelve months, and trades about 22% below its 52-week high. @VestExchange on X ↗
09-21 13:35	gTrade (Gains Network)	Listing	new market NBIS/USD ($NBIS) seen by our collector