Funding you earn now, next payment 06:00 UTC−0.0210%/8h= −23.0% APRnext payment −$0.26 per $10,000 · paid last 24h −0.032%
Price spread now: Nado against Lighter−0.158%7-day average −0.068% · 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−$71as in the Price arb table
costs, in and out, $10k−$620.618% of the position
Funding, last 3 days (all we have)−0.080%−$8 on $10k
+Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.158%, 7d avg −0.068%
=Together, before fees+0.048%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Nado is 0.089% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.068%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NBIS | 232.43 | 0.0248 | pay 0.0031% / 1h | 10m 16s | $940K | $4.0M | 10x |
| Short | Nado NBIS-PERP | 232.06 | 0.0038 | get 0.0005% / 1h | 10m 16s | $38K | $115K | 3x |
Lighter NBIS
Nado NBIS-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$44.03
- Price spread: −0.158% → −0.068%
- −$8.92
- Slippage, 4 orders
- −$54.82
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$114.77
- Costs to cover
- 0.618%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 2 min ago; Nado: 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, 2 min ago | 0.86 bp | 1.2 bp −$1 | 3.0 bp −$30 | 67.5 bp −$6,747 | doesn't fit |
| Sell Nado live order book, 33 min ago | 11.23 bp | 30.5 bp −$31 | 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 | −0.0483% | 8h | 232.25 | −0.077% | $2.3M | $4.6M | 20x | as long as short |
| BloFin NBIS-USDT | −0.0008% | 8h | 232.16 | −0.116% | $204K | $206K | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 232.27 | −0.070% | $85K | $311K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 232.15 | −0.123% | $146K | $753K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 232.39 | −0.018% | $18.6M | $87.0M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 232.44 | +0.004% | $4.9M | $6.5M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 232.41 | −0.009% | $3.3M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 232.28 | −0.065% | $2.7M | $5.1M | 50x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 232.26 | −0.071% | $2.8M | $602K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 231.39 | −0.448% | $5K | $117K | 10x | as long as short |
Bitget NBISUSDT
BloFin NBIS-USDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Variational Omni NBIS
GRVT NBIS_USDT_PerpShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX NBIS-USDT | 0.0000% | 8h | 232.17 | −0.112% | $1K | $1.6M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 232.24 | −0.082% | $15K | $61K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 232.46 | +0.013% | $1.6M | $957K | 10x | as long as short |
| QFEX NBIS-USD | +0.0029% | 1h | 232.11 | −0.138% | $1.5M | $3.9M | 10x | as long as short |
| Nado NBIS-PERPshort | +0.0038% | 1h | 232.06 | −0.158% | $38K | $115K | 3x | |
| Arcus NBIS-USD | +0.0040% | 1h | 231.80 | −0.271% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 232.14 | −0.125% | — | $220K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 232.12 | −0.133% | $138K | $473K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 232.09 | −0.146% | $152K | $548K | 10x | as long as short |
| edgeX NBISUSDC | +0.0060% | 4h | 231.91 | −0.222% | $37K | $225K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 232.01 | −0.181% | $478K | $20K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 232.30 | −0.056% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 232.30 | −0.057% | — | — | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0109% | 1h | 232.16 | −0.116% | $54.6M | $21.1M | 10x | as long as short |
| SoDEX NBIS-USD | +0.0139% | 1h | 232.28 | −0.065% | $102 | $20K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0168% | 1h | 231.92 | −0.219% | $351K | $815K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0222% | 1h | 232.24 | −0.081% | $23K | $15K | 20x | as long as short |
| Phoenix NBIS | +0.0242% | 1h | 231.99 | −0.189% | $7K | $150K | 10x | as long as short |
| Lighter NBISlong | +0.0248% | 1h | 232.43 | long leg | $940K | $4.0M | 10x | |
| Deribit NBIS_USDC-PERPETUAL | +0.0310% | 1h | 232.15 | −0.120% | $34K | $49K | 10x | as long as short |
| Entropy io:NBIS | +0.0380% | 1h | 231.87 | −0.241% | $10.1M | $3.2M | 10x | as long as short |
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDT
QFEX NBIS-USD
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
Ondo Perps NBIS-USD.P
edgeX NBISUSDC
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
tradeXYZ xyz:NBIS
SoDEX NBIS-USD
Coinbase International NBIS-PERP-INTX
Kraken Futures PF_NBISUSD
Phoenix NBIS
Deribit NBIS_USDC-PERPETUAL
Entropy io:NBIS