NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0724%/8h= +79.2% APRnext payment +$0.90 per $10,000 · paid last 24h +0.116%

Price spread now: Entropy against Extended−0.118%7-day average +0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$580.582% of the position

Long on Extended Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days+0.541%+$54 on $10k

Price spread, last 4 days (all we have)−0.272%−$27 · spread now −0.118%, 7d avg +0.111%

Together, before fees+0.269%+ Points / potential airdropExtended: Active · farm board+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Entropy is 0.230% cheaper against Extended than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of +0.111%). If the spread goes back, that is −$23 on $10k: about 25 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.541% in total) that is about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NBIS-USD	231.14	0.0064	pay 0.0008% / 1h	56m 09s	$145K	$856K	10x
Short	Entropy io:NBIS	230.87	0.0788	get 0.0098% / 1h	56m 09s	$10.1M	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Extended. 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 ExtendedbpFee EntropybpOrdersPrice spread, now −0.118%Rate

Funding earned: $151.98
Price spread: −0.118% → +0.111%: −$22.98
Slippage, 4 orders: −$35.19
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Entropy: 9 bp × 2 orders: −$18
Net: $70.81
Costs to cover: 0.582%
Break-even: 3.7 days

Slippage from Extended: live order book, 37 min ago; Entropy: live order book, 1 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 Extended live order book, 37 min ago	1.98 bp	12.2 bp −$12	97.2 bp −$972	doesn't fit	doesn't fit
Sell Entropy live order book, 1 min ago	1.08 bp	12.9 bp −$13	28.2 bp −$282	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	−0.0051%	8h	231.15	+0.003%	$2.3M	$4.6M	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.91	−0.101%	$3.3M	$16.4M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.22	+0.033%	$2.7M	$5.0M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.37	−0.334%	$2.8M	$601K	—	as long as short
SunX NBIS-USDT	0.0000%	8h	231.17	+0.011%	$1K	$1.6M	10x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.30	+0.068%	$1.6M	$971K	10x	as long as short
Aster NBISUSDT	+0.0021%	8h	230.87	−0.119%	$74K	$320K	50x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.14	−0.002%	—	$246K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.18	+0.016%	$138K	$467K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.05	−0.040%	$149K	$538K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0054%	1h	231.18	+0.016%	$1.6M	$3.7M	10x	as long as short
BloFin NBIS-USDT	+0.0055%	8h	231.36	+0.094%	$202K	$215K	20x	as long as short
Extended NBIS-USDlong	+0.0064%	1h	231.14	long leg	$145K	$856K	10x
Binance NBISUSDT	+0.0065%	8h	231.10	−0.019%	$18.8M	$90.7M	25x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0088%	1h	230.78	−0.157%	$382K	$869K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.01	−0.058%	$468K	$104K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.13	−0.006%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.13	−0.007%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0121%	1h	230.97	−0.074%	$38K	$116K	3x	as long as short
HTX NBIS-USDT	+0.0191%	8h	230.95	−0.084%	$13K	$62K	20x	as long as short
Bybit NBISUSDT	+0.0202%	8h	231.09	−0.023%	$4.9M	$6.8M	50x	as long as short
Arcus NBIS-USD	+0.0257%	1h	231.15	+0.003%	$42K	$124K	5x	as long as short
Phoenix NBIS	+0.0277%	1h	230.93	−0.092%	$7K	$127K	10x	as long as short
edgeX NBISUSDC	+0.0315%	4h	230.90	−0.106%	$37K	$226K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0317%	1h	231.13	−0.006%	$54.3M	$22.0M	10x	as long as short
Lighter NBIS	+0.0352%	1h	231.25	+0.046%	$934K	$4.0M	10x	as long as short
SoDEX NBIS-USD	+0.0432%	1h	231.19	+0.020%	$74	$20K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0529%	1h	231.10	−0.019%	$34K	$50K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0768%	1h	231.20	+0.026%	$22K	$16K	20x	as long as short
Entropy io:NBISshort	+0.0788%	1h	230.87	−0.118%	$10.1M	$3.2M	10x
GRVT NBIS_USDT_Perp	+0.0817%	8h	230.41	−0.317%	$5K	$114K	10x	as long as short