NBIS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhoenixNBIS	170.63	+0.0094	pay 0.0012% / 1h	41m 29s	$8K	$333K	10x	Long Phoenix
SHORT	MEXCNBISSTOCK_USDT	170.95	0	0.0000% / 8h	6h 41m	$10.5M	$13.1M	50x	Short MEXC

Price gap+0.188%

Funding gap−0.0094% /8h

The gap pays +$14 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 5.0 days. At the last 7 days' pace that is about 48 hours.

If you open now and hold

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

Funding−$50−0.0094% /8h now · paid −0.500% over the last 7D

Price+$14spread +0.188% now, avg +0.046% → +0.141% if it goes back

Costs−$270.268% of $10k · taker + slippage, in and out

Result−$63−0.63%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.188%

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 35 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Large against open interest11.1 / 2.3 bp
$10k is over 10% of Phoenix’s open interest.
Note: Margin at max leverage$1,000 + $200
Phoenix 10x, MEXC 50x. 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: −$2.82Long Phoenix: 24 payments, −$2.82; short MEXC: 3 payments, $0.00.
OK: Entry gap works for you+0.188% vs +0.046%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$8K vs $10.5M OI
Phoenix sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPhoenix No · MEXC Yes
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0238%/8h × 21 periods−$50.00

Price spread+0.188% → +0.046% (7d avg)+$14.15

Slippage, 4 orderslive order books−$15.77

Fee Phoenix bp × 2 orders−$7.00

Fee MEXC bp × 2 orders−$4.00

Net · 7 days · $10k−$62.62

Costs to cover0.268%Break-evennever at this rate

Slippage: Phoenix: live order book, 64 min ago; MEXC: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhoenix2.9411.1 bp−$1122.7 bp−$227doesn’t fitdoesn’t fit

SELL · SHORTMEXC0.292.3 bp−$23.4 bp−$348.5 bp−$85382.9 bp−$41.5K

Closing costs about the same again.

NBIS news

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

10-27 15:07	Vest Markets	Other	Neocloud shares are rebounding from an October selloff, with $NBIS up around 9%, $IREN 6% and $CRWV 5%. Nebius CEO Arkady Volozh said customer advances and other instruments should fund its planned gigawatt, alongside a $3.5B Citi facility and $40B+ in commitments. Trade $NBIS and broader AI infrastructure volatility with a Vest Capital funded account and access up to $50k in trading capital. @VestExchange on X ↗
10-26 13:30	Vest Markets	Other	Into the open, $CRWV is down around 4%, leading neocloud shares lower with $NBIS and $IREN down around 3%. Elon Musk said Sunday that debt markets have nearly shut off financing for firms lacking non-AI revenue, with 200+ neoclouds facing consolidation. Trade $CRWV and broader AI infrastructure volatility with a Vest Capital funded account and access up to $50k in trading capital. @VestExchange on X ↗
10-15 18:30	Kalshi	Other	JUST IN: Nebius Group is down roughly 20% since Michael Burry disclosed his short position @Kalshi on X ↗
10-15 16:35	Vest Markets	Other	Neocloud names are extending losses today, with $NBIS down around 5% on the session, on top of a 10% drawdown yesterday. Gartner published a report on Wednesday on AI infrastructure spending, naming neoclouds among the segments most exposed to the gap between revenue and capex. The move is broader across the group, with $IREN down around 8% and $CRWV around 2.3% on the session. @VestExchange on X ↗
10-08 15:01	Vest Markets	Other	Trade $IREN, $NBIS and broader AI infrastructure volatility with a Vest Capital funded account and access up to $25k in trading capital at: @VestExchange on X ↗
10-08 15:01	Vest Markets	Other	AI infrastructure names are extending losses, with $IREN down around 5% and $NBIS around 3% on the session. On Wednesday, SemiAnalysis posted user reports of multi-day outages and storage failures at the legacy $IREN sites in British Columbia. $NBIS is on a second session of losses, with a filing showing its COO sold 500,000 shares on Monday under a preset trading plan. @VestExchange on X ↗