Funding you earn now, next payment 02:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h −0.086%
Price spread now: Extended against Lighter−0.075%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$260.257% of the position
Funding, last 7 days−0.463%−$46 on $10k
+Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.075%, 7d avg −0.096%
=Together, before fees−0.455%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$45 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.020% dearer against Lighter than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.096%. Mind the row above: over the last 7 days funding on this pair cost −0.463%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NBIS | 234.98 | 0.0184 | pay 0.0023% / 1h | 57m 18s | $916K | $4.4M | 10x |
| Short | Extended NBIS-USD | 234.80 | 0.0280 | get 0.0035% / 1h | 57m 18s | $151K | $705K | 10x |
Lighter NBIS
Extended NBIS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $20.16
- Price spread: −0.075% → −0.096%
- $2.05
- Slippage, 4 orders
- −$20.69
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$3.48
- Costs to cover
- 0.257%
- Break-even
- 8.2 days
Slippage from Lighter: live order book, 5 min ago; Extended: live order book, 11 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, 5 min ago | 0.42 bp | 0.5 bp −$1 | 3.0 bp −$30 | 65.7 bp −$6,567 | doesn't fit |
| Sell Extended live order book, 11 min ago | 2.55 bp | 12.2 bp −$12 | 170.5 bp −$1,705 | 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 | 234.77 | −0.089% | $5.1M | $6.4M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 234.87 | −0.047% | $3.4M | $16.7M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 234.86 | −0.051% | $2.8M | $4.9M | 50x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 234.84 | −0.060% | $1K | $1.7M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 235.61 | +0.268% | $15K | $66K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 234.86 | −0.051% | $1.6M | $972K | 10x | as long as short |
| QFEX NBIS-USD | +0.0024% | 1h | 234.74 | −0.102% | $1.5M | $4.9M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 235.33 | +0.149% | $43K | $135K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 235.16 | +0.077% | — | $223K | 5x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0048% | 1h | 234.75 | −0.098% | $35K | $48K | 10x | as long as short |
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDT
QFEX NBIS-USD
Arcus NBIS-USD
Vest NBIS-USD-PERP
Deribit NBIS_USDC-PERPETUALShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 234.82 | −0.068% | $142K | $462K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 234.84 | −0.060% | $89 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 235.07 | +0.038% | $174K | $506K | 10x | as long as short |
| Nado NBIS-PERP | +0.0051% | 1h | 234.78 | −0.085% | $31K | $66K | 3x | as long as short |
| Bitget NBISUSDT | +0.0091% | 8h | 234.90 | −0.034% | $2.5M | $4.6M | 20x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0095% | 1h | 234.66 | −0.136% | $24K | $15K | 20x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 234.86 | −0.051% | $484K | $22K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 234.88 | −0.043% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 234.86 | −0.049% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0112% | 1h | 236.05 | +0.455% | $386K | $736K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0124% | 1h | 234.79 | −0.081% | $54.9M | $23.7M | 10x | as long as short |
| Lighter NBISlong | +0.0184% | 1h | 234.98 | long leg | $916K | $4.4M | 10x | |
| Aster NBISUSDT | +0.0257% | 8h | 235.16 | +0.077% | $81K | $308K | 50x | as long as short |
| Variational Omni NBIS | +0.0263% | 8h | 235.53 | +0.234% | $2.9M | $591K | — | as long as short |
| Extended NBIS-USDshort | +0.0280% | 1h | 234.80 | −0.075% | $151K | $705K | 10x | |
| Binance NBISUSDT | +0.0281% | 8h | 234.87 | −0.047% | $19.5M | $85.4M | 25x | as long as short |
| Entropy io:NBIS | +0.0294% | 1h | 235.25 | +0.115% | $10.3M | $3.4M | 10x | as long as short |
| BloFin NBIS-USDT | +0.0310% | 8h | 235.50 | +0.221% | $207K | $210K | 20x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0325% | 8h | 235.40 | +0.179% | $5K | $131K | 10x | as long as short |
| Phoenix NBIS | +0.0409% | 1h | 235.10 | +0.051% | $7K | $152K | 10x | as long as short |
| edgeX NBISUSDC | +0.0967% | 4h | 235.39 | +0.173% | $38K | $225K | 10x | as long as short |
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Nado NBIS-PERP
Bitget NBISUSDT
Kraken Futures PF_NBISUSD
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
tradeXYZ xyz:NBIS
Aster NBISUSDT
Variational Omni NBIS
Binance NBISUSDT
Entropy io:NBIS
BloFin NBIS-USDT
GRVT NBIS_USDT_Perp
Phoenix NBIS
edgeX NBISUSDC