Funding you earn now, next payment 08:00 UTC+0.0147%/8h= +16.1% APRnext payment +$0.18 per $10,000 · paid last 24h +0.047%
Price spread now: Entropy against Lighter0.000%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$360.362% of the position
Funding, last 7 days+0.084%+$8 on $10k
+Price spread, last 7 days+0.058%+$6 · spread now 0.000%, 7d avg +0.004%
=Together, before fees+0.142%+ Points / potential airdropLighter: Season 3 · farm board+$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NBIS | 230.92 | 0.0264 | pay 0.0033% / 1h | 7m 00s | $938K | $4.1M | 10x |
| Short | Entropy io:NBIS | 230.92 | 0.0411 | get 0.0051% / 1h | 7m 00s | $10.1M | $3.1M | 10x |
Lighter NBIS
Entropy io:NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $30.88
- Price spread: 0.000% → +0.004%
- −$0.39
- Slippage, 4 orders
- −$18.16
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$5.67
- Costs to cover
- 0.362%
- Break-even
- 8.3 days
Slippage from Lighter: live order book, 6 min ago; Entropy: live order book, 10 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, 6 min ago | 1.30 bp | 1.8 bp −$2 | 5.8 bp −$58 | 83.0 bp −$8,301 | doesn't fit |
| Sell Entropy live order book, 10 min ago | 0.87 bp | 16.1 bp −$16 | doesn't fit | 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 | −0.0369% | 8h | 231.04 | +0.052% | $2.3M | $4.6M | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 231.03 | +0.046% | $84K | $311K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 230.87 | −0.021% | $144K | $876K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 230.97 | +0.022% | $18.8M | $88.0M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 231.01 | +0.039% | $4.9M | $6.8M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 230.93 | +0.004% | $3.3M | $16.0M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 230.91 | −0.004% | $2.7M | $5.2M | 50x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 230.87 | −0.021% | $2.8M | $589K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 230.93 | +0.006% | $4K | $115K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 230.84 | −0.035% | $1K | $1.6M | 10x | as long as short |
Bitget NBISUSDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Variational Omni NBIS
GRVT NBIS_USDT_Perp
SunX NBIS-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 230.82 | −0.043% | $34K | $49K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 231.01 | +0.039% | $15K | $57K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 230.97 | +0.022% | $1.6M | $971K | 10x | as long as short |
| BloFin NBIS-USDT | +0.0011% | 8h | 231.03 | +0.048% | $204K | $212K | 20x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 230.88 | −0.017% | $42K | $131K | 5x | as long as short |
| QFEX NBIS-USD | +0.0041% | 1h | 230.96 | +0.017% | $1.5M | $3.7M | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 230.83 | −0.039% | — | $223K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 230.84 | −0.035% | $137K | $473K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 230.95 | +0.013% | $79 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 230.97 | +0.022% | $150K | $542K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0056% | 1h | 230.90 | −0.009% | $357K | $811K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 230.81 | −0.048% | $476K | $26K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 230.96 | +0.017% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 230.93 | +0.006% | — | — | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0118% | 1h | 230.87 | −0.022% | $54.0M | $21.2M | 10x | as long as short |
| Nado NBIS-PERP | +0.0183% | 1h | 230.82 | −0.042% | $38K | $116K | 3x | as long as short |
| Lighter NBISlong | +0.0264% | 1h | 230.92 | long leg | $938K | $4.1M | 10x | |
| Phoenix NBIS | +0.0312% | 1h | 231.04 | +0.052% | $7K | $125K | 10x | as long as short |
| edgeX NBISUSDC | +0.0347% | 4h | 230.92 | −0.002% | $37K | $226K | 10x | as long as short |
| Entropy io:NBISshort | +0.0411% | 1h | 230.92 | 0.000% | $10.1M | $3.1M | 10x | |
| Kraken Futures PF_NBISUSD | +0.0541% | 1h | 230.93 | +0.003% | $23K | $15K | 20x | as long as short |
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Phemex NBISUSDT
BloFin NBIS-USDT
Arcus NBIS-USD
QFEX NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Coinbase International NBIS-PERP-INTX
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
tradeXYZ xyz:NBIS
Nado NBIS-PERP
Phoenix NBIS
edgeX NBISUSDC
Kraken Futures PF_NBISUSD