Funding you earn now, next payment 01:00 UTC+0.0255%/8h= +28.0% APRnext payment +$0.32 per $10,000 · paid last 24h +0.089%
Price spread now: Phoenix against Ondo Perps+0.073%48s7-day average +0.128% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.436%+$44 on $10k
+Price spread, last 4 days (all we have)+0.565%+$56 · spread now +0.073%, 7d avg +0.128%
=Together, before fees+1.001%+ Points / potential airdropOndo Perps: Active · farm board+$100 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.056% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.073% now, against its 7-day average of +0.128%). If the spread goes back, that is −$6 on $10k: about 17 hours of funding at the current rate (+$8 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps NBIS-USD.P | 234.10 | 0.0050 | pay 0.0006% / 1h | 13m 52s | $164K | $498K | 10x |
| Short | Phoenix NBIS | 234.27 | 0.0306 | get 0.0038% / 1h | 13m 52s | $7K | $152K | 10x |
Ondo Perps NBIS-USD.P
Phoenix NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $53.6
- Price spread: +0.073% → +0.128%
- −$5.56
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $36.05
- Costs to cover
- 0.120%
- Break-even
- 2.3 days
Slippage unknown: Ondo Perps: no order-book sample; Phoenix: live order book, 47 min ago. 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 Phoenix live order book, 47 min ago | 5.09 bp | 15.1 bp −$15 | 32.4 bp −$324 | doesn't fit | doesn't fit |
Ondo Perps: 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 30 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 | 234.25 | +0.064% | $5.1M | $6.3M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 234.21 | +0.047% | $3.4M | $16.4M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 234.23 | +0.056% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 234.24 | +0.060% | $2.4M | $4.5M | 20x | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 234.07 | −0.011% | $5K | $128K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 234.28 | +0.077% | $944 | $1.7M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 234.02 | −0.034% | $35K | $48K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 234.32 | +0.094% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 234.20 | +0.043% | $1.6M | $972K | 10x | as long as short |
| QFEX NBIS-USD | +0.0024% | 1h | 234.13 | +0.013% | $1.5M | $4.5M | 10x | as long as short |
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Phemex NBISUSDT
QFEX NBIS-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NBIS-USD | +0.0040% | 1h | 234.08 | −0.009% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 234.34 | +0.103% | — | $215K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 234.10 | 0.000% | $149K | $453K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 234.18 | +0.034% | $56 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.Plong | +0.0050% | 1h | 234.10 | long leg | $164K | $498K | 10x | |
| Nado NBIS-PERP | +0.0065% | 1h | 234.06 | −0.018% | $67K | $95K | 3x | as long as short |
| tradeXYZ xyz:NBIS | +0.0066% | 1h | 234.13 | +0.013% | $54.7M | $20.0M | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0096% | 1h | 234.05 | −0.023% | $24K | $15K | 20x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 234.14 | +0.017% | $482K | $21K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 234.15 | +0.021% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 234.14 | +0.016% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0112% | 1h | 233.89 | −0.090% | $383K | $714K | 10x | as long as short |
| Variational Omni NBIS | +0.0174% | 8h | 234.17 | +0.031% | $2.8M | $571K | — | as long as short |
| Aster NBISUSDT | +0.0186% | 8h | 234.38 | +0.122% | $81K | $314K | 50x | as long as short |
| Extended NBIS-USD | +0.0200% | 1h | 234.14 | +0.018% | $147K | $699K | 10x | as long as short |
| Binance NBISUSDT | +0.0200% | 8h | 234.20 | +0.041% | $19.2M | $84.8M | 25x | as long as short |
| Lighter NBIS | +0.0232% | 1h | 234.19 | +0.038% | $904K | $4.4M | 10x | as long as short |
| Phoenix NBISshort | +0.0306% | 1h | 234.27 | +0.073% | $7K | $152K | 10x | |
| Entropy io:NBIS | +0.0405% | 1h | 234.18 | +0.034% | $10.2M | $3.3M | 10x | as long as short |
| edgeX NBISUSDC | +0.0978% | 4h | 234.03 | −0.031% | $38K | $227K | 10x | as long as short |
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Nado NBIS-PERP
tradeXYZ xyz:NBIS
Kraken Futures PF_NBISUSD
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
Variational Omni NBIS
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Lighter NBIS
Entropy io:NBIS
edgeX NBISUSDC