NBIS

Alert

Funding spread now, next payment 15:00 UTC−0.0183%/8h

next payment, per $10,000−$0.23paid, last 24h+0.043%paid, last 7 days−0.012%to open and close $10k−$38

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.23 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	234.75	0.0279	pay 0.0035% / 1h	25m 29s	$7K	$159K	10x
Short	Lighter NBIS	234.72	0.0096	get 0.0012% / 1h	25m 29s	$1.0M	$4.1M	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee LighterbpOrdersRate

Funding earned: −$38.46
Slippage, 4 orders: −$30.66
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$76.12
Break-even: never at this rate

Slippage from Phoenix: live order book, 13 min ago; Lighter: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.013%
Avg gap 7d: −0.036%

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, 13 min ago	4.69 bp	14.1 bp −$14	30.1 bp −$301	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.21 bp	4.8 bp −$5	22.2 bp −$222	146.4 bp −$14.6K	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	$1K	$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	$781K	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	$3.6M	$13.6M	25x	as long as short
Bybit NBISUSDT	+0.0030%	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	$40K	$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	$125K	$508K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	$56	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	$155K	$457K	10x	as long as short
Binance NBISUSDT	+0.0054%	8h	$21.8M	$62.9M	25x	as long as short
Extended NBIS-USD	+0.0056%	1h	$171K	$693K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0073%	1h	$55.0M	$19.2M	10x	as long as short
Lighter NBISshort	+0.0096%	1h	$1.0M	$4.1M	10x
KuCoin NBISUSDTM	+0.0100%	8h	$501K	$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	+0.0159%	8h	$101K	$185K	50x	as long as short
Nado NBIS-PERP	+0.0209%	1h	$30K	$65K	3x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0219%	1h	$35K	$84K	10x	as long as short
Entropy io:NBIS	+0.0238%	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-INTX	+0.0528%	1h	$349K	$510K	10x	as long as short