Funding you earn now, next payment 04:00 UTC−0.0043%/8h= −4.8% APRpaid last 24h +0.061%
Price spread now: edgeX against Phoenix−0.061%7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$650.653% of the position
Funding, last 7 days+0.291%+$29 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.061%, 7d avg −0.103%
=Together, before fees+0.329%+ Points / potential airdropedgeX: Active · farm board+$33 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.042% dearer against Phoenix than usual: you sell high and buy low (spread −0.061% now, against its 7-day average of −0.103%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.291%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NBIS | 234.14 | 0.0239 | pay 0.0030% / 1h | 25m 13s | $7K | $150K | 10x |
| Short | edgeX NBISUSDC | 234.00 | 0.0195 | get 0.0098% / 4h | 3h 25m | $38K | $226K | 10x |
Phoenix NBIS
edgeX NBISUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$9.12
- Price spread: −0.061% → −0.103%
- $4.2
- Slippage, 4 orders
- −$49.3
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$70.22
- Costs to cover
- 0.653%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 21 min ago; edgeX: live order book, 27 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, 21 min ago | 5.12 bp | 15.9 bp −$16 | 34.5 bp −$345 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 27 min ago | 5.98 bp | 16.7 bp −$17 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin NBIS-USDT | −0.0006% | 8h | 233.83 | −0.132% | $205K | $206K | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 234.06 | −0.035% | $78K | $310K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 233.70 | −0.186% | $147K | $688K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 233.77 | −0.158% | $19.2M | $84.8M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 233.77 | −0.158% | $5.0M | $6.3M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 233.69 | −0.192% | $3.4M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 233.68 | −0.196% | $2.7M | $5.1M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 233.63 | −0.218% | $2.4M | $4.4M | 20x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 233.62 | −0.221% | $2.9M | $555K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 234.17 | +0.011% | $4K | $119K | 10x | as long as short |
BloFin NBIS-USDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
Variational Omni NBIS
GRVT NBIS_USDT_PerpShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX NBIS-USDT | 0.0000% | 8h | 233.68 | −0.196% | $1K | $1.6M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 233.61 | −0.226% | $35K | $49K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 233.68 | −0.196% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 233.75 | −0.167% | $1.6M | $954K | 10x | as long as short |
| QFEX NBIS-USD | +0.0034% | 1h | 233.65 | −0.209% | $1.5M | $4.0M | 10x | as long as short |
| Nado NBIS-PERP | +0.0036% | 1h | 233.63 | −0.219% | $38K | $115K | 3x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 233.78 | −0.154% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 233.84 | −0.128% | — | $216K | 5x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0049% | 1h | 233.58 | −0.239% | $23K | $15K | 20x | as long as short |
| tradeXYZ xyz:NBIS | +0.0050% | 1h | 233.63 | −0.218% | $54.4M | $20.1M | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 233.59 | −0.235% | $147K | $456K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 233.72 | −0.179% | $108 | $21K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 234.15 | +0.004% | $160K | $502K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 233.76 | −0.162% | $482K | $20K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 233.81 | −0.141% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 233.81 | −0.142% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0104% | 1h | 233.49 | −0.278% | $374K | $741K | 10x | as long as short |
| edgeX NBISUSDCshort | +0.0195% | 4h | 234.00 | −0.061% | $38K | $226K | 10x | |
| Lighter NBIS | +0.0232% | 1h | 233.77 | −0.158% | $926K | $3.9M | 10x | as long as short |
| Phoenix NBISlong | +0.0239% | 1h | 234.14 | long leg | $7K | $150K | 10x | |
| Entropy io:NBIS | +0.0339% | 1h | 233.90 | −0.103% | $10.2M | $3.2M | 10x | as long as short |
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Phemex NBISUSDT
QFEX NBIS-USD
Nado NBIS-PERP
Arcus NBIS-USD
Vest NBIS-USD-PERP
Kraken Futures PF_NBISUSD
tradeXYZ xyz:NBIS
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
Lighter NBIS
Entropy io:NBIS