Funding you earn now, next payment 23:00 UTC+0.0376%/8h= +41.1% APRpaid last 24h +0.099%
Price spread now: Phoenix against Phemex+0.239%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1291.286% of the position
Funding, last 7 days+0.601%+$60 on $10k
+Price spread, last 3 days (all we have)−0.150%−$15 · spread now +0.239%, 7d avg +0.092%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Phoenix is 0.147% dearer against Phemex than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.092%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NBISUSDT | 234.61 | 0 | get 0.0000% / 8h | 12m 36s | $1.6M | $976K | 10x |
| Short | Phoenix NBIS | 235.17 | 0.0376 | get 0.0047% / 1h | 12m 36s | $7K | $163K | 10x |
Phemex NBISUSDT
Phoenix NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $78.9
- Price spread: +0.239% → +0.092%
- $14.72
- Slippage, 4 orders
- −$109.57
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$34.95
- Costs to cover
- 1.286%
- Break-even
- 10.1 days
Slippage from Phemex: live order book, 5 min ago; Phoenix: live order book, 59 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, 5 min ago | 1.91 bp | 48.5 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 59 min ago | 4.27 bp | 13.5 bp −$13 | 28.6 bp −$286 | 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 | 234.35 | −0.111% | $5.2M | $6.5M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 234.45 | −0.068% | $3.4M | $17.0M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 234.54 | −0.030% | $2.8M | $5.3M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 234.48 | −0.055% | $2.5M | $4.8M | 20x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 234.75 | +0.060% | $1K | $1.8M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 234.58 | −0.013% | $35K | $48K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | 0.0000% | 1h | 234.81 | +0.085% | $360K | $679K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 234.85 | +0.102% | $15K | $116K | 20x | as long as short |
| Phemex NBISUSDTlong | 0.0000% | 8h | 234.61 | long leg | $1.6M | $976K | 10x | |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 235.01 | +0.170% | — | $234K | 5x | as long as short |
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
Coinbase International NBIS-PERP-INTX
HTX NBIS-USDT
Vest NBIS-USD-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 234.73 | +0.051% | $142K | $738K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 234.66 | +0.021% | $28 | $20K | 10x | as long as short |
| QFEX NBIS-USD | +0.0051% | 1h | 234.46 | −0.064% | $1.5M | $5.2M | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0052% | 1h | 234.47 | −0.060% | $174K | $507K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 234.38 | −0.098% | $483K | $25K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 234.71 | +0.043% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 234.74 | +0.056% | — | — | 10x | as long as short |
| Nado NBIS-PERP | +0.0194% | 1h | 234.41 | −0.084% | $28K | $63K | 3x | as long as short |
| Variational Omni NBIS | +0.0221% | 8h | 235.11 | +0.211% | $2.9M | $822K | — | as long as short |
| Aster NBISUSDT | +0.0230% | 8h | 234.63 | +0.008% | $81K | $308K | 50x | as long as short |
| Binance NBISUSDT | +0.0247% | 8h | 234.44 | −0.072% | $19.4M | $86.5M | 25x | as long as short |
| BloFin NBIS-USDT | +0.0247% | 8h | 234.66 | +0.021% | $206K | $213K | 20x | as long as short |
| Extended NBIS-USD | +0.0248% | 1h | 234.38 | −0.099% | $139K | $703K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0248% | 1h | 234.41 | −0.084% | $24K | $15K | 20x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0249% | 8h | 235.06 | +0.191% | $5K | $138K | 10x | as long as short |
| Arcus NBIS-USD | +0.0269% | 1h | 234.47 | −0.060% | $44K | $134K | 5x | as long as short |
| tradeXYZ xyz:NBIS | +0.0302% | 1h | 234.58 | −0.013% | $54.7M | $23.5M | 10x | as long as short |
| Lighter NBIS | +0.0352% | 1h | 234.65 | +0.017% | $926K | $4.6M | 10x | as long as short |
| Phoenix NBISshort | +0.0376% | 1h | 235.17 | +0.239% | $7K | $163K | 10x | |
| edgeX NBISUSDC | +0.0406% | 4h | 234.92 | +0.133% | $38K | $236K | 10x | as long as short |
| Entropy io:NBIS | +0.0491% | 1h | 234.75 | +0.060% | $10.3M | $3.4M | 10x | as long as short |
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
QFEX NBIS-USD
Ondo Perps NBIS-USD.P
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Nado NBIS-PERP
Variational Omni NBIS
Aster NBISUSDT
Binance NBISUSDT
BloFin NBIS-USDT
Extended NBIS-USD
Kraken Futures PF_NBISUSD
GRVT NBIS_USDT_Perp
Arcus NBIS-USD
tradeXYZ xyz:NBIS
Lighter NBIS
edgeX NBISUSDC
Entropy io:NBIS