NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0237%/8h= +25.9% APRnext payment +$0.30 per $10,000 · paid last 24h +0.062%

Price spread now: Phoenix against Arcus+0.482%49s7-day average +0.113% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$510.515% of the position

Long on Arcus Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.226%−$23 · spread now +0.482%, 7d avg +0.113%

Together, before fees−0.210%−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.370% dearer against Arcus than usual: you sell high and buy low: +$37 more if the spread goes back to its 7-day average of +0.113%. The two prices were read 49 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 0.016% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.30 per $10,000. 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	Arcus NBIS-USD	227.99	0.0040	pay 0.0005% / 1h	36m 31s	$42K	$124K	5x
Short	Phoenix NBIS	229.09	0.0277	get 0.0035% / 1h	36m 31s	$7K	$125K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Arcus. 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 ArcusbpFee PhoenixbpOrdersPrice spread, now +0.482%Rate

Funding earned: $49.7
Price spread: +0.482% → +0.113%: $36.99
Slippage, 4 orders: −$39.96
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $35.22
Costs to cover: 0.515%
Break-even: 2.0 days

Slippage from Arcus: live order book, 61 min ago; Phoenix: live order book, 54 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 Arcus live order book, 61 min ago	5.19 bp	9.2 bp −$9	17.7 bp −$177	doesn't fit	doesn't fit
Sell Phoenix live order book, 54 min ago	5.62 bp	16.3 bp −$16	35.7 bp −$357	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	−0.0275%	8h	227.94	−0.022%	$2.3M	$4.5M	20x	as long as short
BloFin NBIS-USDT	−0.0016%	8h	228.98	+0.434%	$201K	$212K	20x	as long as short
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	229.39	+0.614%	$355K	$806K	10x	as long as short
Aster NBISUSDT	0.0000%	8h	228.16	+0.073%	$80K	$313K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	228.07	+0.036%	$146K	$877K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	228.02	+0.015%	$18.5M	$88.6M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	228.00	+0.004%	$4.8M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	227.89	−0.044%	$3.2M	$15.8M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	228.12	+0.057%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	228.94	+0.418%	$2.8M	$576K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NBIS_USDT_Perp	0.0000%	8h	228.78	+0.345%	$4K	$114K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	228.99	+0.439%	$1K	$1.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	228.61	+0.272%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	228.61	+0.272%	$15K	$58K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	228.52	+0.232%	$1.5M	$971K	10x	as long as short
Arcus NBIS-USDlong	+0.0040%	1h	227.99	long leg	$42K	$124K	5x
Vest NBIS-USD-PERP	+0.0046%	1h	227.82	−0.075%	—	$224K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	227.76	−0.101%	$135K	$466K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	228.62	+0.276%	$69	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	228.53	+0.237%	$148K	$538K	10x	as long as short
Nado NBIS-PERP	+0.0063%	1h	227.81	−0.079%	$38K	$116K	3x	as long as short
QFEX NBIS-USD	+0.0064%	1h	228.00	+0.004%	$1.5M	$3.6M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0075%	1h	228.03	+0.018%	$53.2M	$21.5M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	228.11	+0.053%	$470K	$57K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	228.84	+0.373%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	228.65	+0.292%	—	—	10x	as long as short
Lighter NBIS	+0.0136%	1h	228.04	+0.022%	$913K	$4.0M	10x	as long as short
Phoenix NBISshort	+0.0277%	1h	229.09	+0.482%	$7K	$125K	10x
Entropy io:NBIS	+0.0306%	1h	228.44	+0.197%	$10.0M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0682%	1h	228.78	+0.346%	$22K	$16K	20x	as long as short
edgeX NBISUSDC	+0.0808%	4h	228.81	+0.359%	$37K	$227K	10x	as long as short