Funding you earn now, next payment 06:00 UTC−0.0311%/8h= −34.0% APRpaid last 24h −0.094%
Price spread now: OKX against Phoenix−0.125%7-day average −0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$540.540% of the position
Funding, last 7 days−0.507%−$51 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.125%, 7d avg −0.108%
=The price spread sits at its 7-day average of −0.108%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NBIS | 231.11 | 0.0311 | pay 0.0039% / 1h | 1m 27s | $7K | $150K | 10x |
| Short | OKX NBIS-USDT-SWAP | 230.82 | 0 | get 0.0000% / 8h | 1h 01m | $3.3M | $16.1M | 25x |
Phoenix NBIS
OKX NBIS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$65.21
- Price spread: −0.125% → −0.108%
- −$1.8
- Slippage, 4 orders
- −$36.97
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$120.98
- Costs to cover
- 0.540%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 34 min ago; OKX: live order book, 2 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, 34 min ago | 5.64 bp | 17.2 bp −$17 | 37.6 bp −$376 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.30 bp | 11.3 bp −$11 | 28.1 bp −$281 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget NBISUSDT | −0.0542% | 8h | 230.95 | −0.069% | $2.3M | $4.5M | 20x | as long as short |
| BloFin NBIS-USDT | −0.0006% | 8h | 230.90 | −0.091% | $204K | $205K | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 230.70 | −0.179% | $84K | $311K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 230.83 | −0.121% | $149K | $631K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 230.90 | −0.093% | $18.5M | $87.6M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 230.86 | −0.108% | $4.9M | $6.8M | 50x | as long as short |
| OKX NBIS-USDT-SWAPshort | 0.0000% | 8h | 230.82 | −0.125% | $3.3M | $16.1M | 25x | |
| Gate NBIS_USDT | 0.0000% | 8h | 230.93 | −0.078% | $2.7M | $5.2M | 50x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 231.09 | −0.009% | $2.8M | $595K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 230.95 | −0.069% | $5K | $116K | 10x | as long as short |
Bitget NBISUSDT
BloFin NBIS-USDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
Gate NBIS_USDT
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 | 230.92 | −0.082% | $889 | $1.6M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 230.97 | −0.061% | $15K | $57K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 230.99 | −0.052% | $1.6M | $966K | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 230.83 | −0.121% | $42K | $132K | 5x | as long as short |
| edgeX NBISUSDC | +0.0045% | 4h | 230.84 | −0.115% | $37K | $227K | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 230.73 | −0.164% | — | $222K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 230.83 | −0.121% | $137K | $473K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 230.90 | −0.091% | $143 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 230.77 | −0.147% | $151K | $542K | 10x | as long as short |
| QFEX NBIS-USD | +0.0056% | 1h | 230.89 | −0.095% | $1.5M | $3.8M | 10x | as long as short |
| Nado NBIS-PERP | +0.0080% | 1h | 230.68 | −0.186% | $37K | $115K | 3x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 230.72 | −0.169% | $476K | $20K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 230.84 | −0.117% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 230.81 | −0.132% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0120% | 1h | 230.38 | −0.316% | $352K | $814K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0130% | 1h | 230.87 | −0.104% | $54.2M | $21.1M | 10x | as long as short |
| Lighter NBIS | +0.0232% | 1h | 230.89 | −0.095% | $938K | $4.0M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0270% | 1h | 230.89 | −0.095% | $34K | $49K | 10x | as long as short |
| Phoenix NBISlong | +0.0311% | 1h | 231.11 | long leg | $7K | $150K | 10x | |
| Entropy io:NBIS | +0.0359% | 1h | 230.82 | −0.125% | $10.0M | $3.1M | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0685% | 1h | 230.86 | −0.110% | $23K | $15K | 20x | as long as short |
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDT
Arcus NBIS-USD
edgeX NBISUSDC
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
QFEX NBIS-USD
Nado NBIS-PERP
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
tradeXYZ xyz:NBIS
Lighter NBIS
Deribit NBIS_USDC-PERPETUAL
Entropy io:NBIS
Kraken Futures PF_NBISUSD