NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0277%/8h= −30.4% APRnext payment −$0.35 per $10,000 · paid last 24h −0.118%

Price spread now: Polymarket Perps against Entropy+0.061%7-day average −0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$450.445% of the position

Long on Entropy Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.553%−$55 on $10k

Price spread, last 4 days (all we have)+0.477%+$48 · spread now +0.061%, 7d avg −0.094%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.155% dearer against Entropy than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of −0.094%): +$15 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:NBIS	230.84	0.0327	pay 0.0041% / 1h	48m 08s	$10.1M	$3.1M	10x
Short	Polymarket Perps NBIS-USD	230.98	0.0050	get 0.0006% / 1h	48m 08s	$137K	$473K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$58.24
Price spread: +0.061% → −0.094%: $15.47
Slippage, 4 orders: −$18.53
Fee Entropy: 9 bp × 2 orders: −$18
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$87.3
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from Entropy: live order book, 7 min ago; Polymarket Perps: 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 Entropy live order book, 7 min ago	1.08 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 54 min ago	2.82 bp	6.8 bp −$7	7.1 bp −$71	27.5 bp −$2,748	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	−0.0532%	8h	231.19	+0.152%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0018%	8h	230.98	+0.061%	$205K	$211K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.89	+0.021%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.07	+0.100%	$146K	$716K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.14	+0.131%	$18.5M	$87.7M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.17	+0.143%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.22	+0.165%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.14	+0.130%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.57	−0.117%	$2.8M	$595K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.66	−0.078%	$4K	$116K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	231.08	+0.104%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.85	+0.004%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.28	+0.191%	$1.6M	$966K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.70	−0.061%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.13	+0.126%	$1.5M	$3.8M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.91	+0.030%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USDshort	+0.0050%	1h	230.98	+0.061%	$137K	$473K	10x
SoDEX NBIS-USD	+0.0050%	1h	231.07	+0.100%	$116	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.89	+0.022%	$150K	$543K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.195%	$353K	$814K	10x	as long as short
Nado NBIS-PERP	+0.0080%	1h	230.81	−0.012%	$38K	$116K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.91	+0.030%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.01	+0.074%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.02	+0.078%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0117%	1h	231.02	+0.078%	$54.3M	$21.1M	10x	as long as short
Phoenix NBIS	+0.0312%	1h	230.87	+0.013%	$7K	$125K	10x	as long as short
Entropy io:NBISlong	+0.0327%	1h	230.84	long leg	$10.1M	$3.1M	10x
Lighter NBIS	+0.0328%	1h	231.11	+0.117%	$938K	$4.0M	10x	as long as short
edgeX NBISUSDC	+0.0349%	4h	230.58	−0.112%	$37K	$227K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0443%	1h	231.03	+0.082%	$34K	$49K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0541%	1h	231.01	+0.073%	$23K	$15K	20x	as long as short