NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0335%/8h= +36.7% APRnext payment +$0.42 per $10,000 · paid last 24h +0.002%

Price spread now: Deribit against Ondo Perps+0.021%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Deribit is 0.021% dearer against Ondo Perps than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NBIS-USD.P	236.21	0.0050	pay 0.0006% / 1h	45m 52s	$175K	$507K	10x
Short	Deribit NBIS_USDC-PERPETUAL	236.26	0.0385	get 0.0048% / 1h	45m 52s	$35K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Ondo Perps. 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 Ondo PerpsbpFee DeribitbpOrdersPrice spread, now +0.021%Rate

Funding earned: $70.33
Price spread: +0.021% → 0.000%: $2.12
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $60.45
Costs to cover: 0.120%
Break-even: 1.0 days

Slippage unknown: Ondo Perps: no order-book sample; Deribit: no order-book sample. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Ondo Perps and Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_NBISUSD	−0.0178%	1h	236.19	−0.009%	$24K	$15K	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	236.32	+0.047%	$3.4M	$16.9M	25x	as long as short
Bitget NBISUSDT	0.0000%	8h	236.31	+0.042%	$2.5M	$4.7M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	236.35	+0.059%	$1K	$1.7M	10x	as long as short
Phemex NBISUSDT	0.0000%	8h	236.30	+0.038%	$1.6M	$973K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0016%	1h	235.49	−0.305%	$361K	$683K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	236.25	+0.017%	$1.5M	$5.1M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	236.59	+0.161%	—	$234K	5x	as long as short
Ondo Perps NBIS-USD.Plong	+0.0050%	1h	236.21	long leg	$175K	$507K	10x
HTX NBIS-USDT	+0.0054%	8h	236.39	+0.076%	$15K	$112K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NBISUSDTM	+0.0100%	8h	236.10	−0.047%	$487K	$24K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	236.31	+0.042%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	236.11	−0.041%	—	—	10x	as long as short
Gate NBIS_USDT	+0.0108%	8h	236.28	+0.030%	$2.8M	$5.1M	50x	as long as short
Nado NBIS-PERP	+0.0212%	1h	236.20	−0.004%	$29K	$63K	3x	as long as short
Variational Omni NBIS	+0.0213%	8h	236.31	+0.044%	$2.9M	$817K	—	as long as short
Aster NBISUSDT	+0.0231%	8h	236.06	−0.062%	$82K	$308K	50x	as long as short
Extended NBIS-USD	+0.0248%	1h	236.29	+0.033%	$137K	$835K	10x	as long as short
Binance NBISUSDT	+0.0248%	8h	236.31	+0.042%	$19.6M	$86.0M	25x	as long as short
BloFin NBIS-USDT	+0.0272%	8h	236.48	+0.114%	$206K	$214K	20x	as long as short
Bybit NBISUSDT	+0.0275%	8h	236.34	+0.055%	$5.2M	$6.5M	50x	as long as short
Lighter NBIS	+0.0360%	1h	236.38	+0.072%	$929K	$4.4M	10x	as long as short
Arcus NBIS-USD	+0.0366%	1h	236.08	−0.055%	$44K	$132K	5x	as long as short
Deribit NBIS_USDC-PERPETUALshort	+0.0385%	1h	236.26	+0.021%	$35K	$48K	10x
edgeX NBISUSDC	+0.0391%	4h	236.21	+0.001%	$38K	$229K	10x	as long as short
Phoenix NBIS	+0.0409%	1h	236.34	+0.055%	$7K	$163K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0498%	8h	236.24	+0.012%	$5K	$137K	10x	as long as short
SoDEX NBIS-USD	+0.0617%	1h	236.27	+0.025%	$38	$20K	10x	as long as short
Polymarket Perps NBIS-USD	+0.0786%	1h	236.28	+0.030%	$140K	$429K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0896%	1h	236.26	+0.021%	$55.2M	$23.6M	10x	as long as short
Entropy io:NBIS	+0.0931%	1h	236.06	−0.064%	$10.3M	$3.4M	10x	as long as short