NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0174%/8h= −19.0% APRnext payment −$0.22 per $10,000 · paid last 24h −0.033%

Price spread now: tradeXYZ against Phoenix0.000%7-day average −0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$590.592% of the position

Long on Phoenix Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.274%−$27 on $10k

Price spread, last 4 days (all we have)−0.142%−$14 · spread now 0.000%, 7d avg −0.098%

Together, before fees−0.416%+ Points / potential airdroptradeXYZ: Active · farm board−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.098% dearer against Phoenix than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.098%): +$10 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NBIS	230.47	0.0311	pay 0.0039% / 1h	40m 33s	$7K	$150K	10x
Short	tradeXYZ xyz:NBIS	230.47	0.0137	get 0.0017% / 1h	40m 33s	$54.2M	$21.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$36.51
Price spread: 0.000% → −0.098%: $9.84
Slippage, 4 orders: −$34.25
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$85.92
Costs to cover: 0.592%
Break-even: never at this rate

Slippage from Phoenix: live order book, 60 min ago; tradeXYZ: live order book, 9 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, 60 min ago	6.07 bp	17.2 bp −$17	37.7 bp −$377	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.22 bp	11.1 bp −$11	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
Bitget NBISUSDT	−0.0493%	8h	230.68	+0.091%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.55	+0.036%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.65	+0.078%	$144K	$670K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.55	+0.035%	$18.5M	$87.3M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.57	+0.043%	$4.9M	$6.6M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.51	+0.017%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.56	+0.039%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.48	+0.004%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.38	−0.040%	$5K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.52	+0.022%	$1K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	230.50	+0.013%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.51	+0.017%	$1.6M	$963K	10x	as long as short
BloFin NBIS-USDT	+0.0014%	8h	230.45	−0.009%	$204K	$205K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.49	+0.009%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.44	−0.013%	—	$221K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.48	+0.004%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.33	−0.061%	$88	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.31	−0.069%	$152K	$547K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	230.58	+0.048%	$1.5M	$3.9M	10x	as long as short
Nado NBIS-PERP	+0.0075%	1h	230.49	+0.009%	$37K	$115K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.40	−0.030%	$475K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.44	−0.013%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.36	−0.048%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	230.47	0.000%	$351K	$812K	10x	as long as short
tradeXYZ xyz:NBISshort	+0.0137%	1h	230.47	0.000%	$54.2M	$21.0M	10x
Lighter NBIS	+0.0216%	1h	230.51	+0.017%	$946K	$4.0M	10x	as long as short
Phoenix NBISlong	+0.0311%	1h	230.47	long leg	$7K	$150K	10x
Entropy io:NBIS	+0.0372%	1h	230.60	+0.056%	$10.0M	$3.1M	10x	as long as short
edgeX NBISUSDC	+0.0470%	4h	230.86	+0.170%	$37K	$228K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0488%	1h	230.42	−0.022%	$34K	$49K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0686%	1h	230.48	+0.004%	$23K	$15K	20x	as long as short