Settings8H · net · $10k
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Funding arb · Price arb /

NBIS

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0469%/8h= +51.4% APRnext payment +$0.59 per $10,000 · paid last 24h +0.059%
Price spread now: Entropy against tradeXYZ+0.059%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$510.507% of the position
Long on tradeXYZShort on Entropy
What this pair did over the last
the charts below follow
Funding, last 7 days+0.330%+$33 on $10k
Price spread, last 7 days+0.046%+$5 · spread now +0.059%, 7d avg +0.065%
Together, before fees+0.376%+ Points / potential airdroptradeXYZ: Active · farm board+$38 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.065%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:NBIS235.570.0398pay 0.0050% / 1h22m 12s$55.1M$23.7M10x
ShortEntropy io:NBIS235.710.0868get 0.0108% / 1h22m 12s$10.3M$3.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Entropy against tradeXYZ. 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

Funding earned
$98.56
Price spread: +0.059% → +0.065%
−$0.52
Slippage, 4 orders
−$14.7
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Entropy: 9 bp × 2 orders
−$18
Net
$47.34
Costs to cover
0.507%
Break-even
3.6 days
Slippage from tradeXYZ: live order book, 7 min ago; Entropy: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 7 min ago0.85 bp12.4 bp −$1218.6 bp −$186doesn't fitdoesn't fit
Sell Entropy live order book, 5 min ago1.48 bp13.6 bp −$14doesn't fitdoesn't fitdoesn't fit

NBIS on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NBISUSD−0.0178%1h235.62+0.020%$24K$15K20xas long as short
OKX NBIS-USDT-SWAP0.0000%8h235.58+0.004%$3.4M$16.8M25xas long as short
Gate NBIS_USDT0.0000%8h235.69+0.051%$2.8M$5.1M50xas long as short
SunX NBIS-USDT0.0000%8h235.91+0.144%$1K$1.7M10xas long as short
HTX NBIS-USDT0.0000%8h235.58+0.004%$15K$112K20xas long as short
Phemex NBISUSDT0.0000%8h235.70+0.055%$1.6M$973K10xas long as short
Coinbase International NBIS-PERP-INTX+0.0016%1h236.05+0.204%$386K$739K10xas long as short
QFEX NBIS-USD+0.0038%1h235.69+0.051%$1.5M$4.9M10xas long as short
Vest NBIS-USD-PERP+0.0046%1h235.92+0.149%—$224K5xas long as short
Deribit NBIS_USDC-PERPETUAL+0.0047%1h235.56−0.004%$35K$48K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NBISUSDT+0.0049%8h235.69+0.051%$5.1M$6.5M50xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h236.13+0.238%$176K$505K10xas long as short
KuCoin NBISUSDTM+0.0100%8h235.44−0.055%$485K$23K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h235.54−0.013%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h235.56−0.004%——10xas long as short
Bitget NBISUSDT+0.0108%8h235.63+0.025%$2.5M$4.6M20xas long as short
SoDEX NBIS-USD+0.0122%1h235.65+0.034%$47$20K10xas long as short
Nado NBIS-PERP+0.0181%1h235.61+0.018%$31K$66K3xas long as short
edgeX NBISUSDC+0.0184%4h235.95+0.160%$38K$228K10xas long as short
Variational Omni NBIS+0.0240%8h236.09+0.221%$2.9M$820K—as long as short
Aster NBISUSDT+0.0247%8h235.79+0.091%$81K$308K50xas long as short
BloFin NBIS-USDT+0.0255%8h235.72+0.064%$207K$211K20xas long as short
Binance NBISUSDT+0.0269%8h235.65+0.033%$19.6M$85.6M25xas long as short
Extended NBIS-USD+0.0272%1h235.60+0.011%$151K$786K10xas long as short
Polymarket Perps NBIS-USD+0.0301%1h235.570.000%$138K$451K10xas long as short
Lighter NBIS+0.0320%1h235.75+0.076%$925K$4.5M10xas long as short
Arcus NBIS-USD+0.0366%1h235.70+0.055%$44K$132K5xas long as short
tradeXYZ xyz:NBISlong+0.0398%1h235.57long leg$55.1M$23.7M10x
Phoenix NBIS+0.0409%1h235.89+0.136%$7K$163K10xas long as short
GRVT NBIS_USDT_Perp+0.0446%8h236.00+0.183%$5K$132K10xas long as short
Entropy io:NBISshort+0.0868%1h235.71+0.059%$10.3M$3.4M10x