Funding you earn now, next payment 08:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h +0.039%
Price spread now: Phoenix against tradeXYZ−0.138%61s7-day average +0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$550.545% of the position
Funding, last 7 days+0.271%+$27 on $10k
+Price spread, last 4 days (all we have)+0.427%+$43 · spread now −0.138%, 7d avg +0.098%
=Together, before fees+0.698%+ Points / potential airdroptradeXYZ: Active · farm board+$70 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phoenix is 0.236% cheaper against tradeXYZ than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.098%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.271%, so the current rate has only just turned against you. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:NBIS | 231.25 | 0.0341 | pay 0.0043% / 1h | 56m 19s | $54.3M | $22.0M | 10x |
| Short | Phoenix NBIS | 230.93 | 0.0277 | get 0.0035% / 1h | 56m 19s | $7K | $127K | 10x |
tradeXYZ xyz:NBIS
Phoenix NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against tradeXYZ. 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
- −$13.4
- Price spread: −0.138% → +0.098%
- −$23.63
- Slippage, 4 orders
- −$29.53
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$91.55
- Costs to cover
- 0.545%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 3 min ago; Phoenix: live order book, 29 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 | 0.22 bp | 12.2 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 29 min ago | 5.27 bp | 15.5 bp −$15 | 33.4 bp −$334 | 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 | −0.0051% | 8h | 231.20 | −0.022% | $2.3M | $4.6M | 20x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 231.14 | −0.048% | $3.3M | $16.4M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 231.26 | +0.004% | $2.7M | $5.0M | 50x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 230.37 | −0.380% | $2.8M | $601K | — | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 231.17 | −0.035% | $1K | $1.6M | 10x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 231.30 | +0.022% | $1.6M | $971K | 10x | as long as short |
| Aster NBISUSDT | +0.0021% | 8h | 230.88 | −0.160% | $74K | $320K | 50x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 231.14 | −0.048% | — | $246K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 231.18 | −0.030% | $138K | $467K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 231.05 | −0.086% | $149K | $538K | 10x | as long as short |
Bitget NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Variational Omni NBIS
SunX NBIS-USDT
Phemex NBISUSDT
Aster NBISUSDT
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
Ondo Perps NBIS-USD.PShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX NBIS-USD | +0.0054% | 1h | 231.18 | −0.030% | $1.6M | $3.7M | 10x | as long as short |
| BloFin NBIS-USDT | +0.0055% | 8h | 231.36 | +0.048% | $202K | $215K | 20x | as long as short |
| Extended NBIS-USD | +0.0064% | 1h | 231.14 | −0.046% | $145K | $856K | 10x | as long as short |
| Binance NBISUSDT | +0.0065% | 8h | 231.32 | +0.030% | $18.8M | $90.7M | 25x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0088% | 1h | 230.78 | −0.203% | $382K | $869K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 230.96 | −0.125% | $468K | $104K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 231.13 | −0.052% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 231.13 | −0.053% | — | — | 10x | as long as short |
| Nado NBIS-PERP | +0.0121% | 1h | 230.97 | −0.120% | $38K | $116K | 3x | as long as short |
| HTX NBIS-USDT | +0.0191% | 8h | 230.95 | −0.130% | $13K | $62K | 20x | as long as short |
| Bybit NBISUSDT | +0.0202% | 8h | 231.20 | −0.022% | $4.9M | $6.8M | 50x | as long as short |
| Arcus NBIS-USD | +0.0257% | 1h | 231.15 | −0.043% | $42K | $124K | 5x | as long as short |
| Phoenix NBISshort | +0.0277% | 1h | 230.93 | −0.138% | $7K | $127K | 10x | |
| edgeX NBISUSDC | +0.0315% | 4h | 230.90 | −0.152% | $37K | $226K | 10x | as long as short |
| tradeXYZ xyz:NBISlong | +0.0341% | 1h | 231.25 | long leg | $54.3M | $22.0M | 10x | |
| Lighter NBIS | +0.0352% | 1h | 231.25 | 0.000% | $934K | $4.0M | 10x | as long as short |
| SoDEX NBIS-USD | +0.0432% | 1h | 231.19 | −0.026% | $74 | $20K | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0529% | 1h | 231.10 | −0.065% | $34K | $50K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0768% | 1h | 231.20 | −0.020% | $22K | $16K | 20x | as long as short |
| Entropy io:NBIS | +0.0788% | 1h | 230.87 | −0.164% | $10.1M | $3.2M | 10x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0817% | 8h | 230.41 | −0.363% | $5K | $114K | 10x | as long as short |
QFEX NBIS-USD
BloFin NBIS-USDT
Extended NBIS-USD
Binance NBISUSDT
Coinbase International NBIS-PERP-INTX
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Nado NBIS-PERP
HTX NBIS-USDT
Bybit NBISUSDT
Arcus NBIS-USD
edgeX NBISUSDC
Lighter NBIS
SoDEX NBIS-USD
Deribit NBIS_USDC-PERPETUAL
Kraken Futures PF_NBISUSD
Entropy io:NBIS
GRVT NBIS_USDT_Perp