Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.016%
Price spread now: Phemex against Polymarket Perps+0.017%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1181.175% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 3 days (all we have)−0.030%−$3 · spread now +0.017%, 7d avg +0.022%
=The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps NBIS-USD | 234.12 | 0.0050 | pay 0.0006% / 1h | 53m 10s | $149K | $453K | 10x |
| Short | Phemex NBISUSDT | 234.16 | 0 | get 0.0000% / 8h | 5h 53m | $1.6M | $968K | 10x |
Polymarket Perps NBIS-USD
Phemex NBISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Polymarket Perps. 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
- −$10.5
- Price spread: +0.017% → +0.022%
- −$0.53
- Slippage, 4 orders
- −$97.5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$128.54
- Costs to cover
- 1.175%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 9 min ago; Phemex: live order book, 5 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 Polymarket Perps live order book, 9 min ago | 2.35 bp | 7.6 bp −$8 | 8.5 bp −$85 | 31.5 bp −$3,150 | doesn't fit |
| Sell Phemex live order book, 5 min ago | 1.07 bp | 58.2 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
NBIS on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit NBISUSDT | 0.0000% | 8h | 234.19 | +0.030% | $5.0M | $6.2M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 234.16 | +0.017% | $3.4M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 234.23 | +0.047% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 234.16 | +0.017% | $2.4M | $4.4M | 20x | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 234.04 | −0.034% | $5K | $127K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 234.08 | −0.017% | $904 | $1.7M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 234.13 | +0.004% | $35K | $48K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 234.07 | −0.021% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDTshort | 0.0000% | 8h | 234.16 | +0.017% | $1.6M | $968K | 10x | |
| QFEX NBIS-USD | +0.0023% | 1h | 234.20 | +0.034% | $1.5M | $4.4M | 10x | as long as short |
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
QFEX NBIS-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado NBIS-PERP | +0.0039% | 1h | 234.09 | −0.015% | $67K | $95K | 3x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 233.95 | −0.073% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 234.35 | +0.098% | — | $215K | 5x | as long as short |
| Polymarket Perps NBIS-USDlong | +0.0050% | 1h | 234.12 | long leg | $149K | $453K | 10x | |
| SoDEX NBIS-USD | +0.0050% | 1h | 234.19 | +0.030% | $5 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 234.10 | −0.009% | $163K | $496K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 234.13 | +0.004% | $482K | $21K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 234.19 | +0.030% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 234.17 | +0.022% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0104% | 1h | 233.53 | −0.252% | $382K | $712K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0104% | 1h | 234.11 | −0.004% | $54.6M | $19.7M | 10x | as long as short |
| Variational Omni NBIS | +0.0132% | 8h | 234.03 | −0.040% | $2.8M | $570K | — | as long as short |
| Aster NBISUSDT | +0.0147% | 8h | 234.30 | +0.079% | $81K | $307K | 50x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0152% | 1h | 234.21 | +0.038% | $23K | $15K | 20x | as long as short |
| Binance NBISUSDT | +0.0158% | 8h | 234.15 | +0.013% | $19.1M | $84.7M | 25x | as long as short |
| Extended NBIS-USD | +0.0160% | 1h | 234.12 | 0.000% | $147K | $698K | 10x | as long as short |
| Lighter NBIS | +0.0304% | 1h | 234.21 | +0.038% | $904K | $4.3M | 10x | as long as short |
| Phoenix NBIS | +0.0308% | 1h | 234.17 | +0.021% | $7K | $150K | 10x | as long as short |
| Entropy io:NBIS | +0.0473% | 1h | 234.07 | −0.021% | $10.2M | $3.3M | 10x | as long as short |
| edgeX NBISUSDC | +0.0592% | 4h | 234.09 | −0.012% | $38K | $226K | 10x | as long as short |
Nado NBIS-PERP
Arcus NBIS-USD
Vest NBIS-USD-PERP
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
tradeXYZ xyz:NBIS
Variational Omni NBIS
Aster NBISUSDT
Kraken Futures PF_NBISUSD
Binance NBISUSDT
Extended NBIS-USD
Lighter NBIS
Phoenix NBIS
Entropy io:NBIS
edgeX NBISUSDC