Funding you earn now, next payment 02:00 UTC−0.0093%/8h= −10.1% APRpaid last 24h −0.017%
Price spread now: Phemex against Deribit+0.047%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Phemex is 0.047% dearer against Deribit than usual: you sell high and buy low (spread +0.047% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 41 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit NBIS_USDC-PERPETUAL | 233.60 | 0.0093 | pay 0.0012% / 1h | 33m 55s | $35K | $48K | 10x |
| Short | Phemex NBISUSDT | 233.71 | 0 | get 0.0000% / 8h | 6h 33m | $1.6M | $971K | 10x |
Deribit NBIS_USDC-PERPETUAL
Phemex NBISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Deribit. 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
- −$19.44
- Price spread: +0.047% → 0.000%
- $4.71
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$33.73
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Phemex: live order book, 4 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 4 min ago | 3.43 bp | 42.8 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
NBIS on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit NBISUSDT | 0.0000% | 8h | 233.77 | +0.073% | $5.1M | $6.3M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 233.67 | +0.030% | $3.4M | $16.5M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 233.68 | +0.034% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 233.70 | +0.043% | $2.4M | $4.5M | 20x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 233.56 | −0.017% | $1K | $1.7M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 233.40 | −0.086% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDTshort | 0.0000% | 8h | 233.71 | +0.047% | $1.6M | $971K | 10x | |
| GRVT NBIS_USDT_Perp | +0.0016% | 8h | 233.46 | −0.058% | $5K | $129K | 10x | as long as short |
| QFEX NBIS-USD | +0.0024% | 1h | 233.58 | −0.009% | $1.5M | $4.6M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 233.38 | −0.094% | $42K | $132K | 5x | as long as short |
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
SunX NBIS-USDT
HTX NBIS-USDT
GRVT NBIS_USDT_Perp
QFEX NBIS-USD
Arcus NBIS-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NBIS-USD-PERP | +0.0046% | 1h | 233.68 | +0.034% | — | $215K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 233.51 | −0.039% | $148K | $454K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 233.56 | −0.017% | $79 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 233.49 | −0.047% | $163K | $499K | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUALlong | +0.0093% | 1h | 233.60 | long leg | $35K | $48K | 10x | |
| Kraken Futures PF_NBISUSD | +0.0096% | 1h | 233.48 | −0.053% | $24K | $15K | 20x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 233.56 | −0.017% | $482K | $21K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 233.58 | −0.009% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 233.59 | −0.004% | — | — | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0111% | 1h | 233.64 | +0.017% | $54.7M | $20.0M | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0112% | 1h | 236.05 | +1.049% | $386K | $721K | 10x | as long as short |
| Nado NBIS-PERP | +0.0144% | 1h | 233.41 | −0.081% | $67K | $94K | 3x | as long as short |
| Variational Omni NBIS | +0.0207% | 8h | 233.54 | −0.026% | $2.8M | $571K | — | as long as short |
| Aster NBISUSDT | +0.0210% | 8h | 233.79 | +0.083% | $81K | $314K | 50x | as long as short |
| Binance NBISUSDT | +0.0231% | 8h | 233.66 | +0.027% | $19.2M | $85.0M | 25x | as long as short |
| Extended NBIS-USD | +0.0232% | 1h | 233.58 | −0.008% | $150K | $701K | 10x | as long as short |
| Lighter NBIS | +0.0296% | 1h | 233.67 | +0.030% | $902K | $4.4M | 10x | as long as short |
| Phoenix NBIS | +0.0306% | 1h | 233.42 | −0.077% | $7K | $152K | 10x | as long as short |
| Entropy io:NBIS | +0.0373% | 1h | 233.50 | −0.043% | $10.1M | $3.3M | 10x | as long as short |
| edgeX NBISUSDC | +0.0636% | 4h | 233.36 | −0.102% | $37K | $226K | 10x | as long as short |
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Kraken Futures PF_NBISUSD
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
tradeXYZ xyz:NBIS
Coinbase International NBIS-PERP-INTX
Nado NBIS-PERP
Variational Omni NBIS
Aster NBISUSDT
Binance NBISUSDT
Extended NBIS-USD
Lighter NBIS
Phoenix NBIS
Entropy io:NBIS
edgeX NBISUSDC