NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.11 per $10,000 · paid last 24h −0.028%

Price spread now: Phemex against BloFin−0.022%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1081.079% of the position

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.022%, 7d avg −0.002%

Together, before fees−0.085%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NBIS-USDT	231.41	0.0011	pay 0.0011% / 8h	32m 35s	$204K	$209K	20x
Short	Phemex NBISUSDT	231.36	0	get 0.0000% / 8h	32m 35s	$1.6M	$969K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against BloFin. 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 BloFinbpFee PhemexbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$2.26
Price spread: −0.022% → −0.002%: −$1.94
Slippage, 4 orders: −$83.91
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$112.12
Costs to cover: 1.079%
Break-even: never at this rate

Slippage from BloFin: live order book, 38 min ago; Phemex: live order book, 5 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 BloFin live order book, 38 min ago	0.22 bp	7.6 bp −$8	16.9 bp −$169	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	3.03 bp	34.7 bp −$35	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 NBISUSDT	−0.0426%	8h	231.44	+0.013%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.39	−0.009%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.40	−0.004%	$148K	$876K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.47	+0.025%	$18.7M	$87.8M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.35	−0.026%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.35	−0.026%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.42	+0.004%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.17	−0.104%	$2.8M	$594K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.32	−0.039%	$4K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.36	−0.022%	$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	231.45	+0.017%	$15K	$57K	20x	as long as short
Phemex NBISUSDTshort	0.0000%	8h	231.36	−0.022%	$1.6M	$969K	10x
BloFin NBIS-USDTlong	+0.0011%	8h	231.41	long leg	$204K	$209K	20x
Arcus NBIS-USD	+0.0040%	1h	231.19	−0.095%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.49	+0.035%	$1.5M	$3.8M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.30	−0.048%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.36	−0.022%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.25	−0.069%	$150K	$543K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.441%	$353K	$805K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.21	−0.086%	$477K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.43	+0.009%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.32	−0.037%	—	—	10x	as long as short
SoDEX NBIS-USD	+0.0116%	1h	231.36	−0.022%	$97	$20K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0149%	1h	231.28	−0.056%	$54.3M	$21.1M	10x	as long as short
Nado NBIS-PERP	+0.0173%	1h	231.14	−0.115%	$38K	$116K	3x	as long as short
Phoenix NBIS	+0.0312%	1h	231.13	−0.121%	$7K	$125K	10x	as long as short
edgeX NBISUSDC	+0.0332%	4h	231.30	−0.049%	$37K	$227K	10x	as long as short
Lighter NBIS	+0.0344%	1h	231.43	+0.009%	$933K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0440%	1h	231.25	−0.069%	$10.1M	$3.1M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0442%	1h	231.36	−0.022%	$34K	$49K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.37	−0.016%	$23K	$15K	20x	as long as short