NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0274%/8h= −30.0% APRnext payment −$0.34 per $10,000 · paid last 24h −0.073%

Price spread now: tradeXYZ against Entropy+0.052%7-day average −0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$590.588% of the position

Long on Entropy Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.316%−$32 on $10k

Price spread, last 7 days−0.153%−$15 · spread now +0.052%, 7d avg −0.062%

Together, before fees−0.469%+ Points / potential airdroptradeXYZ: Active · farm board−$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.114% dearer against Entropy than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of −0.062%): +$11 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:NBIS	230.79	0.0361	pay 0.0045% / 1h	23m 54s	$10.0M	$3.1M	10x
Short	tradeXYZ xyz:NBIS	230.91	0.0088	get 0.0011% / 1h	23m 54s	$54.3M	$21.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$57.49
Price spread: +0.052% → −0.062%: $11.43
Slippage, 4 orders: −$22.8
Fee Entropy: 9 bp × 2 orders: −$18
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$104.86
Costs to cover: 0.588%
Break-even: never at this rate

Slippage from Entropy: live order book, 3 min ago; tradeXYZ: live order book, 6 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, 3 min ago	0.87 bp	14.6 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	0.87 bp	11.4 bp −$11	13.5 bp −$135	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	−0.0589%	8h	231.04	+0.108%	$2.3M	$4.5M	20x	as long as short
BloFin NBIS-USDT	−0.0005%	8h	230.94	+0.065%	$204K	$205K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.81	+0.010%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.97	+0.078%	$149K	$635K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.98	+0.082%	$18.5M	$87.4M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.98	+0.082%	$4.9M	$6.6M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.98	+0.082%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.02	+0.100%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.85	+0.026%	$2.8M	$601K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.78	−0.004%	$5K	$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	230.95	+0.069%	$1K	$1.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	230.80	+0.004%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.98	+0.082%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.04	+0.108%	$1.6M	$964K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.68	−0.048%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.85	+0.026%	—	$221K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.88	+0.039%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.99	+0.087%	$102	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.43	−0.156%	$151K	$548K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	230.91	+0.052%	$1.5M	$3.8M	10x	as long as short
Nado NBIS-PERP	+0.0068%	1h	230.92	+0.054%	$38K	$115K	3x	as long as short
tradeXYZ xyz:NBISshort	+0.0088%	1h	230.91	+0.052%	$54.3M	$21.0M	10x
KuCoin NBISUSDTM	+0.0100%	8h	230.86	+0.030%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.88	+0.039%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.88	+0.039%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	230.39	−0.173%	$351K	$812K	10x	as long as short
Lighter NBIS	+0.0216%	1h	231.01	+0.095%	$957K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	230.72	−0.030%	$7K	$150K	10x	as long as short
Entropy io:NBISlong	+0.0361%	1h	230.79	long leg	$10.0M	$3.1M	10x
edgeX NBISUSDC	+0.0511%	4h	230.68	−0.047%	$37K	$226K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0684%	1h	230.93	+0.060%	$23K	$15K	20x	as long as short