NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0539%/8h= −59.0% APRnext payment −$0.67 per $10,000 · paid last 24h −0.075%

Price spread now: Nado against Entropy+0.010%7-day average −0.097% · 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−$76as in the Price arb table

costs, in and out, $10k−$870.869% of the position

Long on Entropy Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.089%−$9 on $10k

Price spread, last 4 days (all we have)+0.113%+$11 · spread now +0.010%, 7d avg −0.097%

Together, before fees+0.024%+ Points / potential airdropNado: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.107% dearer against Entropy than usual: you sell high and buy low (spread +0.010% now, against its 7-day average of −0.097%): +$11 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 4 days (−0.089% in total) that is about 4.4 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.089% in total (about -9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.67 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:NBIS	233.96	0.0761	pay 0.0095% / 1h	43m 36s	$10.2M	$3.0M	10x
Short	Nado NBIS-PERP	233.98	0.0222	get 0.0028% / 1h	43m 36s	$38K	$85K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Entropy. 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 EntropybpFee NadobpOrdersPrice spread, now +0.010%Rate

Funding earned: −$113.15
Price spread: +0.010% → −0.097%: $10.73
Slippage, 4 orders: −$61.87
Fee Entropy: 9 bp × 2 orders: −$18
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$189.3
Costs to cover: 0.869%
Break-even: never at this rate

Slippage from Entropy: live order book, 6 min ago; Nado: live order book, 66 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 Entropy live order book, 6 min ago	0.43 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 66 min ago	11.93 bp	35.1 bp −$35	134.3 bp −$1,343	doesn't fit	doesn't fit

NBIS on 31 exchanges

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
OKX NBIS-USDT-SWAP	0.0000%	8h	233.97	+0.004%	$3.3M	$16.6M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.90	−0.026%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.93	−0.013%	$2.3M	$4.6M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.59	−0.158%	$1K	$1.4M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	233.57	−0.167%	$35K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.47	+0.218%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.84	−0.051%	$1.6M	$969K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.12	+0.068%	—	$250K	5x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.37	−0.252%	$152K	$532K	10x	as long as short
QFEX NBIS-USD	+0.0058%	1h	233.88	−0.034%	$1.6M	$3.6M	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NBISUSDTM	+0.0100%	8h	233.80	−0.068%	$474K	$186K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.83	−0.056%	$2K	$3K	10x	as long as short
Bybit NBISUSDT	+0.0104%	8h	234.00	+0.017%	$5.4M	$7.0M	50x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.84	−0.050%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	234.06	+0.043%	$383K	$883K	10x	as long as short
Variational Omni NBIS	+0.0111%	8h	233.75	−0.092%	$2.9M	$646K	—	as long as short
Polymarket Perps NBIS-USD	+0.0120%	1h	233.81	−0.064%	$133K	$476K	10x	as long as short
Aster NBISUSDT	+0.0145%	8h	234.39	+0.182%	$81K	$314K	50x	as long as short
Binance NBISUSDT	+0.0180%	8h	233.95	−0.004%	$20.6M	$91.5M	25x	as long as short
Extended NBIS-USD	+0.0184%	1h	233.87	−0.038%	$149K	$842K	10x	as long as short
BloFin NBIS-USDT	+0.0197%	8h	233.87	−0.038%	$207K	$217K	20x	as long as short
Nado NBIS-PERPshort	+0.0222%	1h	233.98	+0.010%	$38K	$85K	3x
edgeX NBISUSDC	+0.0334%	4h	233.78	−0.076%	$31K	$234K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0370%	1h	233.49	−0.202%	$22K	$11K	20x	as long as short
Lighter NBIS	+0.0376%	1h	234.04	+0.034%	$946K	$3.8M	10x	as long as short
Phoenix NBIS	+0.0377%	1h	233.68	−0.120%	$7K	$127K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0394%	1h	233.97	+0.004%	$55.3M	$19.2M	10x	as long as short
Arcus NBIS-USD	+0.0413%	1h	233.98	+0.009%	$42K	$119K	5x	as long as short
SoDEX NBIS-USD	+0.0495%	1h	233.85	−0.047%	$84	$19K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0560%	8h	234.24	+0.120%	$4K	$101K	10x	as long as short
Entropy io:NBISlong	+0.0761%	1h	233.96	long leg	$10.2M	$3.0M	10x