Funding you earn now, next payment 00:00 UTC−0.0365%/8h= −40.0% APRpaid last 24h −0.086%
Price spread now: Bybit against Phoenix−0.097%45s7-day average −0.107% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as 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−$530.530% of the position
Funding, last 7 days−0.430%−$43 on $10k
+Price spread, last 3 days (all we have)−0.036%−$4 · spread now −0.097%, 7d avg −0.107%
=The price spread sits at its 7-day average of −0.107%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate. The two prices were read 45 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 | Phoenix NBIS | 235.90 | 0.0409 | pay 0.0051% / 1h | 6m 49s | $7K | $163K | 10x |
| Short | Bybit NBISUSDT | 235.67 | 0.0044 | get 0.0044% / 8h | 7h 06m | $5.1M | $6.4M | 50x |
Phoenix NBIS
Bybit NBISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Phoenix. 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
- −$76.68
- Price spread: −0.097% → −0.107%
- $0.97
- Slippage, 4 orders
- −$35
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$128.71
- Costs to cover
- 0.530%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 59 min ago; Bybit: live order book, 1 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 Phoenix live order book, 59 min ago | 3.83 bp | 12.7 bp −$13 | 26.9 bp −$269 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.18 bp | 14.9 bp −$15 | 79.6 bp −$796 | 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 | −0.0178% | 1h | 235.58 | −0.136% | $24K | $15K | 20x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 235.60 | −0.127% | $3.4M | $16.7M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 235.70 | −0.085% | $2.8M | $5.1M | 50x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 235.70 | −0.085% | $978 | $1.7M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 235.73 | −0.072% | $15K | $106K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 235.73 | −0.072% | $1.6M | $972K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0016% | 1h | 236.05 | +0.064% | $386K | $737K | 10x | as long as short |
| QFEX NBIS-USD | +0.0038% | 1h | 235.66 | −0.102% | $1.5M | $4.9M | 10x | as long as short |
| Bybit NBISUSDTshort | +0.0044% | 8h | 235.67 | −0.097% | $5.1M | $6.4M | 50x | |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 236.01 | +0.047% | — | $224K | 5x | as long as short |
Kraken Futures PF_NBISUSD
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDT
Coinbase International NBIS-PERP-INTX
QFEX NBIS-USD
Vest NBIS-USD-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit NBIS_USDC-PERPETUAL | +0.0047% | 1h | 235.60 | −0.127% | $35K | $48K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 235.52 | −0.161% | $175K | $503K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0087% | 1h | 235.67 | −0.097% | $80 | $20K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 235.50 | −0.170% | $486K | $22K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 235.71 | −0.081% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 235.65 | −0.106% | — | — | 10x | as long as short |
| Bitget NBISUSDT | +0.0119% | 8h | 235.65 | −0.106% | $2.5M | $4.6M | 20x | as long as short |
| Nado NBIS-PERP | +0.0148% | 1h | 235.55 | −0.147% | $31K | $66K | 3x | as long as short |
| Polymarket Perps NBIS-USD | +0.0174% | 1h | 235.66 | −0.102% | $142K | $462K | 10x | as long as short |
| Variational Omni NBIS | +0.0252% | 8h | 235.56 | −0.144% | $2.9M | $591K | — | as long as short |
| BloFin NBIS-USDT | +0.0260% | 8h | 235.75 | −0.064% | $207K | $211K | 20x | as long as short |
| Aster NBISUSDT | +0.0262% | 8h | 235.85 | −0.021% | $82K | $308K | 50x | as long as short |
| Extended NBIS-USD | +0.0280% | 1h | 235.66 | −0.101% | $151K | $705K | 10x | as long as short |
| edgeX NBISUSDC | +0.0284% | 4h | 235.51 | −0.164% | $38K | $226K | 10x | as long as short |
| Binance NBISUSDT | +0.0285% | 8h | 235.58 | −0.136% | $19.6M | $85.4M | 25x | as long as short |
| Lighter NBIS | +0.0296% | 1h | 235.73 | −0.072% | $920K | $4.5M | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0300% | 1h | 235.63 | −0.114% | $55.1M | $23.6M | 10x | as long as short |
| Arcus NBIS-USD | +0.0366% | 1h | 235.60 | −0.127% | $44K | $132K | 5x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0378% | 8h | 235.55 | −0.146% | $5K | $131K | 10x | as long as short |
| Phoenix NBISlong | +0.0409% | 1h | 235.90 | long leg | $7K | $163K | 10x | |
| Entropy io:NBIS | +0.0865% | 1h | 235.62 | −0.119% | $10.3M | $3.4M | 10x | as long as short |
Deribit NBIS_USDC-PERPETUAL
Ondo Perps NBIS-USD.P
SoDEX NBIS-USD
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Bitget NBISUSDT
Nado NBIS-PERP
Polymarket Perps NBIS-USD
Variational Omni NBIS
BloFin NBIS-USDT
Aster NBISUSDT
Extended NBIS-USD
edgeX NBISUSDC
Binance NBISUSDT
Lighter NBIS
tradeXYZ xyz:NBIS
Arcus NBIS-USD
GRVT NBIS_USDT_Perp
Entropy io:NBIS