NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0591%/8h= +64.7% APRnext payment +$5.91 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Bitget−0.009%56s7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$150as 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−$1321.325% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.171%−$17 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.009%, 7d avg +0.012%

Together, before fees−0.185%−$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.021% cheaper against Bitget than usual: you would sell low and buy high (spread −0.009% now, against its 7-day average of +0.012%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$18 a day). Mind the row above: over the last 7 days funding on this pair cost −0.171%, so the current rate has only just turned in your favour. The two prices were read 56 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 7 days it paid -0.171% in total (about -8.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.91 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	Bitget NBISUSDT	230.94	−0.0591	get 0.0591% / 8h	1h 25m	$2.3M	$4.5M	20x
Short	Phemex NBISUSDT	230.92	0	get 0.0000% / 8h	1h 25m	$1.6M	$963K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. 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 BitgetbpFee PhemexbpOrdersPrice spread, now −0.009%Rate

Funding earned: $124.11
Price spread: −0.009% → +0.012%: −$2.1
Slippage, 4 orders: −$108.47
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$10.46
Costs to cover: 1.325%
Break-even: 7.6 days

Slippage from Bitget: live order book, 3 min ago; Phemex: live order book, 3 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 Bitget live order book, 3 min ago	1.95 bp	15.9 bp −$16	25.5 bp −$255	34.5 bp −$3,448	doesn't fit
Sell Phemex live order book, 3 min ago	4.34 bp	49.0 bp −$49	doesn't fit	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 NBISUSDTlong	−0.0591%	8h	230.94	long leg	$2.3M	$4.5M	20x
Aster NBISUSDT	0.0000%	8h	230.81	−0.056%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.81	−0.054%	$149K	$635K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.98	+0.017%	$18.5M	$87.3M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.96	+0.009%	$4.9M	$6.6M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.87	−0.030%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.97	+0.013%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.85	−0.039%	$2.8M	$601K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.78	−0.069%	$5K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.74	−0.087%	$1K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	230.74	−0.087%	$15K	$57K	20x	as long as short
Phemex NBISUSDTshort	0.0000%	8h	230.92	−0.009%	$1.6M	$963K	10x
BloFin NBIS-USDT	+0.0004%	8h	230.75	−0.082%	$204K	$205K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.64	−0.130%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.81	−0.056%	—	$221K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.82	−0.052%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.88	−0.026%	$102	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.43	−0.221%	$151K	$548K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	230.88	−0.026%	$1.5M	$3.8M	10x	as long as short
Nado NBIS-PERP	+0.0075%	1h	230.94	−0.002%	$38K	$115K	3x	as long as short
tradeXYZ xyz:NBIS	+0.0093%	1h	230.83	−0.048%	$54.3M	$21.0M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.77	−0.074%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.93	−0.004%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.89	−0.024%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	230.39	−0.238%	$351K	$812K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0184%	1h	230.77	−0.074%	$34K	$49K	10x	as long as short
Lighter NBIS	+0.0240%	1h	230.86	−0.035%	$956K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	230.72	−0.095%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0361%	1h	230.73	−0.091%	$10.0M	$3.1M	10x	as long as short
edgeX NBISUSDC	+0.0511%	4h	230.68	−0.112%	$37K	$226K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0684%	1h	230.88	−0.026%	$23K	$15K	20x	as long as short