NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h +0.024%

Price spread now: Lighter against tradeXYZ+0.051%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$280.275% of the position

Long on tradeXYZ Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.224%+$22 on $10k

Price spread, last 7 days+0.013%+$1 · spread now +0.051%, 7d avg +0.057%

Together, before fees+0.236%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.057%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NBIS	233.27	0.0296	pay 0.0037% / 1h	0m 03s	$55.0M	$19.3M	10x
Short	Lighter NBIS	233.39	0.0384	get 0.0048% / 1h	0m 03s	$944K	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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

Position, each leg$Hold fordaysFee tradeXYZbpFee LighterbpOrdersPrice spread, now +0.051%Rate

Funding earned: $18.43
Price spread: +0.051% → +0.057%: −$0.58
Slippage, 4 orders: −$9.54
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Lighter: 0 bp × 2 orders: $0
Net: −$9.7
Costs to cover: 0.275%
Break-even: 10.7 days

Slippage from tradeXYZ: live order book, 3 min ago; Lighter: live order book, 6 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 tradeXYZ live order book, 3 min ago	0.86 bp	13.3 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	1.08 bp	1.5 bp −$1	2.9 bp −$29	58.9 bp −$5,892	doesn't fit

NBIS on 31 exchanges

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
OKX NBIS-USDT-SWAP	0.0000%	8h	233.34	+0.030%	$3.3M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.41	+0.060%	$2.7M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.41	+0.060%	$2.3M	$4.5M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	232.68	−0.253%	$1K	$1.5M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	232.33	−0.403%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.44	+0.073%	$1.6M	$969K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.47	+0.086%	—	$250K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.30	+0.013%	$139K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.95	−0.137%	$153K	$537K	10x	as long as short
Variational Omni NBIS	+0.0053%	8h	232.76	−0.219%	$2.9M	$638K	—	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0054%	1h	233.10	−0.073%	$1.6M	$3.6M	10x	as long as short
Bybit NBISUSDT	+0.0064%	8h	233.37	+0.043%	$5.0M	$6.7M	50x	as long as short
Aster NBISUSDT	+0.0073%	8h	233.11	−0.070%	$75K	$312K	50x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0088%	1h	232.69	−0.249%	$381K	$877K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.16	−0.047%	$474K	$167K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.47	+0.086%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.40	+0.056%	—	—	10x	as long as short
Extended NBIS-USD	+0.0112%	1h	233.42	+0.066%	$146K	$844K	10x	as long as short
Binance NBISUSDT	+0.0115%	8h	233.40	+0.056%	$20.3M	$91.3M	25x	as long as short
BloFin NBIS-USDT	+0.0127%	8h	232.47	−0.343%	$157K	$216K	20x	as long as short
Nado NBIS-PERP	+0.0145%	1h	233.06	−0.091%	$38K	$86K	3x	as long as short
SoDEX NBIS-USD	+0.0198%	1h	233.01	−0.111%	$56	$19K	10x	as long as short
Arcus NBIS-USD	+0.0257%	1h	233.11	−0.069%	$42K	$121K	5x	as long as short
tradeXYZ xyz:NBISlong	+0.0296%	1h	233.27	long leg	$55.0M	$19.3M	10x
Phoenix NBIS	+0.0347%	1h	232.54	−0.313%	$7K	$127K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0361%	8h	232.54	−0.313%	$4K	$103K	10x	as long as short
Lighter NBISshort	+0.0384%	1h	233.39	+0.051%	$944K	$4.1M	10x
Entropy io:NBIS	+0.0674%	1h	232.51	−0.326%	$10.1M	$3.1M	10x	as long as short
edgeX NBISUSDC	+0.0732%	4h	232.38	−0.381%	$37K	$227K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0761%	1h	233.36	+0.037%	$22K	$11K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.1208%	1h	233.56	+0.124%	$35K	$49K	10x	as long as short