Funding you earn now, next payment 04:00 UTC+0.0239%/8h= +26.1% APRpaid last 24h +0.076%
Price spread now: Phoenix against Variational Omni−0.288%54s7-day average +0.097% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.067%+$7 on $10k
+Price spread, last 4 days (all we have)+0.329%+$33 · spread now −0.288%, 7d avg +0.097%
=Together, before fees+0.396%+ Points / potential airdropVariational Omni: Active · farm board+$40 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.385% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.288% now, against its 7-day average of +0.097%). If the spread goes back, that is −$39 on $10k: about 5.4 days of funding at the current rate (+$7 a day). At the pace of the last 4 days (+0.067% in total) that is about 20 days. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.067% in total (about 6.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni NBIS | 232.58 | 0 | get 0.0000% / 8h | 2h 54m | $2.9M | $552K | — |
| Short | Phoenix NBIS | 231.91 | 0.0239 | get 0.0030% / 1h | 54m 38s | $7K | $150K | 10x |
Variational Omni NBIS
Phoenix NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Variational Omni. 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
- $50.14
- Price spread: −0.288% → +0.097%
- −$38.51
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $4.63
- Costs to cover
- 0.070%
- Break-even
- 6.4 days
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Phoenix: live order book, 51 min ago. Net counts fees only.
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 Variational Omni RFQ quote, 5 min ago | 4.14 bp | doesn't fit | 34.9 bp −$349 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 51 min ago | 5.12 bp | 15.9 bp −$16 | 34.5 bp −$345 | 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 | −0.0065% | 8h | 232.62 | +0.018% | $2.3M | $4.5M | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 232.37 | −0.089% | $83K | $309K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 232.49 | −0.040% | $145K | $756K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 232.59 | +0.007% | $18.8M | $85.7M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 232.62 | +0.018% | $5.0M | $6.4M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 232.62 | +0.018% | $3.4M | $16.1M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 232.64 | +0.026% | $2.7M | $5.0M | 50x | as long as short |
| Variational Omni NBISlong | 0.0000% | 8h | 232.58 | long leg | $2.9M | $552K | — | |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 232.27 | −0.133% | $5K | $118K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 232.63 | +0.022% | $1K | $1.6M | 10x | as long as short |
Bitget NBISUSDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
GRVT NBIS_USDT_Perp
SunX NBIS-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX NBIS-USDT | 0.0000% | 8h | 231.86 | −0.309% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 232.74 | +0.069% | $1.6M | $956K | 10x | as long as short |
| BloFin NBIS-USDT | +0.0016% | 8h | 232.72 | +0.060% | $206K | $205K | 20x | as long as short |
| QFEX NBIS-USD | +0.0029% | 1h | 232.56 | −0.008% | $1.5M | $4.0M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 232.19 | −0.167% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 232.55 | −0.013% | — | $217K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 232.54 | −0.017% | $143K | $459K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 232.41 | −0.073% | $160K | $506K | 10x | as long as short |
| Nado NBIS-PERP | +0.0088% | 1h | 232.29 | −0.124% | $38K | $115K | 3x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 232.35 | −0.099% | $478K | $20K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 232.54 | −0.017% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 232.52 | −0.027% | — | — | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0144% | 1h | 232.41 | −0.073% | $54.2M | $20.1M | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0168% | 1h | 232.30 | −0.120% | $361K | $771K | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0180% | 1h | 232.49 | −0.038% | $34K | $49K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0221% | 1h | 232.55 | −0.013% | $23K | $15K | 20x | as long as short |
| Phoenix NBISshort | +0.0239% | 1h | 231.91 | −0.288% | $7K | $150K | 10x | |
| SoDEX NBIS-USD | +0.0309% | 1h | 232.61 | +0.013% | $107 | $20K | 10x | as long as short |
| Lighter NBIS | +0.0336% | 1h | 232.47 | −0.047% | $925K | $3.9M | 10x | as long as short |
| edgeX NBISUSDC | +0.0552% | 4h | 232.19 | −0.165% | $37K | $226K | 10x | as long as short |
| Entropy io:NBIS | +0.0577% | 1h | 232.30 | −0.120% | $10.1M | $3.2M | 10x | as long as short |
HTX NBIS-USDT
Phemex NBISUSDT
BloFin NBIS-USDT
QFEX NBIS-USD
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
Ondo Perps NBIS-USD.P
Nado NBIS-PERP
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
tradeXYZ xyz:NBIS
Coinbase International NBIS-PERP-INTX
Deribit NBIS_USDC-PERPETUAL
Kraken Futures PF_NBISUSD
SoDEX NBIS-USD
Lighter NBIS
edgeX NBISUSDC
Entropy io:NBIS