NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0256%/8h= −28.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.078%

Price spread now: Arcus against Lighter−0.081%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$190.187% of the position

Long on Lighter Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.005%$0 · spread now −0.081%, 7d avg −0.074%

Together, before fees−0.034%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.074%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.029% in total (about -3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NBIS	233.57	0.0296	pay 0.0037% / 1h	34m 39s	$902K	$4.4M	10x
Short	Arcus NBIS-USD	233.38	0.0040	get 0.0005% / 1h	34m 39s	$42K	$132K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Lighter. 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 LighterbpFee ArcusbpOrdersPrice spread, now −0.081%Rate

Funding earned: −$53.7
Price spread: −0.081% → −0.074%: −$0.73
Slippage, 4 orders: −$14.2
Fee Lighter: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$73.14
Costs to cover: 0.187%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; Arcus: live order book, 33 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 Lighter live order book, 3 min ago	0.64 bp	0.6 bp −$1	2.4 bp −$24	77.4 bp −$7,745	doesn't fit
Sell Arcus live order book, 33 min ago	2.33 bp	12.5 bp −$12	20.4 bp −$204	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
Bybit NBISUSDT	0.0000%	8h	233.64	+0.030%	$5.1M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.57	0.000%	$3.4M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.61	+0.017%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.58	+0.004%	$2.4M	$4.5M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.56	−0.004%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.40	−0.073%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.58	+0.004%	$1.6M	$972K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0016%	8h	233.46	−0.045%	$5K	$129K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	233.49	−0.034%	$1.5M	$4.6M	10x	as long as short
Arcus NBIS-USDshort	+0.0040%	1h	233.38	−0.081%	$42K	$132K	5x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0046%	1h	233.55	−0.009%	—	$226K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.44	−0.056%	$148K	$456K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.43	−0.060%	$93	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.49	−0.034%	$163K	$499K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	233.39	−0.076%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.47	−0.043%	$481K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.44	−0.056%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.43	−0.061%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+1.062%	$386K	$721K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0113%	1h	233.52	−0.021%	$54.7M	$20.0M	10x	as long as short
Nado NBIS-PERP	+0.0139%	1h	233.26	−0.131%	$67K	$94K	3x	as long as short
Variational Omni NBIS	+0.0207%	8h	233.54	−0.013%	$2.8M	$571K	—	as long as short
Aster NBISUSDT	+0.0210%	8h	233.69	+0.054%	$81K	$314K	50x	as long as short
Binance NBISUSDT	+0.0231%	8h	233.60	+0.013%	$19.2M	$85.0M	25x	as long as short
Extended NBIS-USD	+0.0232%	1h	233.54	−0.013%	$150K	$701K	10x	as long as short
BloFin NBIS-USDT	+0.0234%	8h	234.04	+0.201%	$207K	$209K	20x	as long as short
Lighter NBISlong	+0.0296%	1h	233.57	long leg	$902K	$4.4M	10x
Phoenix NBIS	+0.0306%	1h	233.42	−0.064%	$7K	$152K	10x	as long as short
Entropy io:NBIS	+0.0373%	1h	233.50	−0.030%	$10.1M	$3.3M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0436%	1h	233.39	−0.077%	$35K	$48K	10x	as long as short
edgeX NBISUSDC	+0.0636%	4h	233.36	−0.089%	$37K	$226K	10x	as long as short