Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: OKX against Phemex−0.068%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1000.995% of the position
Funding, last 7 days+0.086%+$9 on $10k
+Price spread, last 4 days (all we have)+0.225%+$22 · spread now −0.068%, 7d avg −0.022%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.046% cheaper against Phemex than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NBISUSDT | 234.41 | 0 | get 0.0000% / 8h | 5h 25m | $1.6M | $962K | 10x |
| Short | OKX NBIS-USDT-SWAP | 234.25 | 0 | get 0.0000% / 8h | 5h 25m | $3.4M | $16.2M | 25x |
Phemex NBISUSDT
OKX NBIS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Phemex. 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
- $0
- Price spread: −0.068% → −0.022%
- −$4.61
- Slippage, 4 orders
- −$77.52
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$104.13
- Costs to cover
- 0.995%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; OKX: live order book, 3 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 Phemex live order book, 3 min ago | 4.26 bp | 37.5 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.85 bp | 10.0 bp −$10 | 28.3 bp −$283 | 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 | 234.41 | 0.000% | $5.0M | $6.2M | 50x | as long as short |
| OKX NBIS-USDT-SWAPshort | 0.0000% | 8h | 234.25 | −0.068% | $3.4M | $16.2M | 25x | |
| Gate NBIS_USDT | 0.0000% | 8h | 234.45 | +0.017% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 234.34 | −0.030% | $2.4M | $4.4M | 20x | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 234.49 | +0.032% | $4K | $127K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 234.43 | +0.009% | $1K | $1.7M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 234.54 | +0.055% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDTlong | 0.0000% | 8h | 234.41 | long leg | $1.6M | $962K | 10x | |
| Nado NBIS-PERP | +0.0003% | 1h | 234.27 | −0.059% | $65K | $98K | 3x | as long as short |
| QFEX NBIS-USD | +0.0023% | 1h | 234.39 | −0.009% | $1.5M | $4.3M | 10x | as long as short |
Bybit NBISUSDT
Gate NBIS_USDT
Bitget NBISUSDT
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
HTX NBIS-USDT
Nado NBIS-PERP
QFEX NBIS-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NBIS-USD | +0.0040% | 1h | 234.41 | 0.000% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 234.60 | +0.081% | — | $215K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 234.36 | −0.021% | $149K | $453K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 234.35 | −0.026% | $37 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 234.70 | +0.124% | $164K | $499K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0074% | 1h | 234.29 | −0.051% | $54.9M | $19.7M | 10x | as long as short |
| Variational Omni NBIS | +0.0091% | 8h | 234.48 | +0.029% | $2.9M | $568K | — | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 234.18 | −0.098% | $483K | $21K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 234.40 | −0.004% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 234.38 | −0.011% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0104% | 1h | 233.53 | −0.375% | $382K | $712K | 10x | as long as short |
| BloFin NBIS-USDT | +0.0114% | 8h | 234.39 | −0.009% | $206K | $204K | 20x | as long as short |
| Aster NBISUSDT | +0.0122% | 8h | 234.63 | +0.094% | $81K | $307K | 50x | as long as short |
| Extended NBIS-USD | +0.0128% | 1h | 234.37 | −0.018% | $146K | $702K | 10x | as long as short |
| Binance NBISUSDT | +0.0131% | 8h | 234.33 | −0.034% | $19.1M | $84.5M | 25x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0152% | 1h | 234.32 | −0.040% | $23K | $15K | 20x | as long as short |
| Lighter NBIS | +0.0248% | 1h | 234.37 | −0.017% | $901K | $4.3M | 10x | as long as short |
| Phoenix NBIS | +0.0308% | 1h | 234.85 | +0.188% | $7K | $150K | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0391% | 1h | 234.30 | −0.047% | $35K | $48K | 10x | as long as short |
| Entropy io:NBIS | +0.0481% | 1h | 234.46 | +0.021% | $10.2M | $3.3M | 10x | as long as short |
| edgeX NBISUSDC | +0.0699% | 4h | 234.45 | +0.015% | $38K | $226K | 10x | as long as short |
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
tradeXYZ xyz:NBIS
Variational Omni NBIS
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
BloFin NBIS-USDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Kraken Futures PF_NBISUSD
Lighter NBIS
Phoenix NBIS
Deribit NBIS_USDC-PERPETUAL
Entropy io:NBIS
edgeX NBISUSDC