NBIS

Alert

Funding spread now, next payment 15:00 UTC+0.0249%/8h

next payment, per $10,000+$0.31paid, last 24h+0.029%paid, last 7 days−0.086%to open and close $10k−$59

Long on Phoenix Short on Coinbase International

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.086% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NBIS	234.15	0.0279	pay 0.0035% / 1h	26m 35s	$7K	$159K	10x
Short	Coinbase International NBIS-PERP-INTX	234.34	0.0528	get 0.0066% / 1h	26m 35s	$349K	$510K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee Coinbase InternationalbpOrdersRate

Funding earned: $52.26
Slippage, 4 orders: −$42.22
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$6.96
Break-even: 7.9 days

Slippage from Phoenix: live order book, 12 min ago; Coinbase International: live order book, 23 min ago.

Price risk

price view

Price gap now: +0.081%
Avg gap 7d: +0.004%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Phoenix live order book, 12 min ago	4.69 bp	14.1 bp −$14	30.1 bp −$301	doesn't fit	doesn't fit
Sell Coinbase International live order book, 23 min ago	10.15 bp	15.8 bp −$16	25.9 bp −$259	doesn't fit	doesn't fit

NBIS on 30 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate NBIS_USDT	0.0000%	8h	$3.0M	$4.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	$2.4M	$3.6M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	$933	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	$18K	$109K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	$1.6M	$780K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0022%	1h	$25K	$12K	20x	as long as short
BloFin NBIS-USDT	+0.0023%	8h	$216K	$190K	20x	as long as short
OKX NBIS-USDT-SWAP	+0.0024%	8h	$3.5M	$13.5M	25x	as long as short
Bybit NBISUSDT	+0.0032%	8h	$5.3M	$4.9M	50x	as long as short
QFEX NBIS-USD	+0.0036%	1h	$1.3M	$4.1M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Arcus NBIS-USD	+0.0040%	1h	$39K	$81K	5x	as long as short
Variational Omni NBIS	+0.0045%	8h	$2.8M	$768K	—	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	—	$131K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	$124K	$508K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	$66	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	$155K	$457K	10x	as long as short
Binance NBISUSDT	+0.0053%	8h	$21.8M	$62.7M	25x	as long as short
Extended NBIS-USD	+0.0056%	1h	$171K	$693K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0075%	1h	$54.9M	$19.2M	10x	as long as short
Lighter NBIS	+0.0096%	1h	$1.0M	$4.1M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	$500K	$18K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	$2K	$4K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	—	—	10x	as long as short
Aster NBISUSDT	+0.0157%	8h	$101K	$184K	50x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0177%	1h	$35K	$84K	10x	as long as short
Nado NBIS-PERP	+0.0209%	1h	$30K	$65K	3x	as long as short
Entropy io:NBIS	+0.0240%	1h	$10.3M	$3.0M	10x	as long as short
Phoenix NBISlong	+0.0279%	1h	$7K	$159K	10x
edgeX NBISUSDC	+0.0396%	4h	$38K	$235K	10x	as long as short
Coinbase International NBIS-PERP-INTXshort	+0.0528%	1h	$349K	$510K	10x