NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0261%/8h= −28.5% APRnext payment −$0.33 per $10,000 · paid last 24h −0.080%

Price spread now: SoDEX against Phoenix+0.239%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. SoDEX is 0.239% dearer against Phoenix than usual: you sell high and buy low (spread +0.239% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NBIS	230.30	0.0311	pay 0.0039% / 1h	28m 36s	$7K	$150K	10x
Short	SoDEX NBIS-USD	230.85	0.0050	get 0.0006% / 1h	28m 36s	$106	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee SoDEXbpOrdersPrice spread, now +0.239%Rate

Funding earned: −$54.71
Price spread: +0.239% → 0.000%: $23.88
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$45.83
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Phoenix: live order book, 7 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 7 min ago	5.64 bp	17.2 bp −$17	37.6 bp −$376	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0591%	8h	230.96	+0.287%	$2.3M	$4.5M	20x	as long as short
BloFin NBIS-USDT	−0.0015%	8h	231.00	+0.304%	$204K	$205K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.78	+0.207%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.92	+0.271%	$149K	$635K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.91	+0.263%	$18.5M	$87.3M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.98	+0.295%	$4.9M	$6.6M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.95	+0.282%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.00	+0.304%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.57	+0.117%	$2.8M	$601K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.56	+0.113%	$5K	$116K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	230.50	+0.087%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.74	+0.191%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.89	+0.256%	$1.6M	$963K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.55	+0.109%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.78	+0.208%	—	$221K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.84	+0.234%	$137K	$473K	10x	as long as short
SoDEX NBIS-USDshort	+0.0050%	1h	230.85	+0.239%	$106	$20K	10x
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.84	+0.234%	$152K	$549K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	230.95	+0.282%	$1.5M	$3.8M	10x	as long as short
Nado NBIS-PERP	+0.0077%	1h	230.41	+0.048%	$37K	$115K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.84	+0.234%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.87	+0.248%	$2K	$3K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0102%	1h	230.85	+0.239%	$54.3M	$21.0M	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.83	+0.231%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	230.39	+0.039%	$351K	$812K	10x	as long as short
Lighter NBIS	+0.0240%	1h	230.96	+0.287%	$956K	$4.0M	10x	as long as short
Phoenix NBISlong	+0.0311%	1h	230.30	long leg	$7K	$150K	10x
Entropy io:NBIS	+0.0363%	1h	230.72	+0.182%	$10.0M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0684%	1h	230.99	+0.299%	$23K	$15K	20x	as long as short
edgeX NBISUSDC	+0.0774%	4h	230.55	+0.108%	$37K	$227K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.1223%	1h	231.12	+0.356%	$34K	$49K	10x	as long as short