NBIS

Alert: funding

Alert: spread

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: Ondo Perps against Phoenix−0.073%48s7-day average −0.128% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.436%−$44 on $10k

Price spread, last 4 days (all we have)−0.565%−$57 · 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

The price spread pays, funding is against you. Ondo Perps is 0.056% dearer against Phoenix than usual: you sell high and buy low (spread −0.073% now, against its 7-day average of −0.128%): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 17 hours. 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	Phoenix NBIS	234.27	0.0306	pay 0.0038% / 1h	13m 51s	$7K	$152K	10x
Short	Ondo Perps NBIS-USD.P	234.10	0.0050	get 0.0006% / 1h	13m 51s	$164K	$498K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee Ondo PerpsbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$53.6
Price spread: −0.073% → −0.128%: $5.56
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$60.04
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 47 min ago; Ondo Perps: no order-book sample. 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 Phoenix live order book, 47 min ago	5.09 bp	15.1 bp −$15	32.3 bp −$323	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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	−0.009%	$5.1M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.21	−0.026%	$3.4M	$16.4M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.23	−0.017%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.24	−0.013%	$2.4M	$4.5M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.07	−0.084%	$5K	$128K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.28	+0.004%	$944	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.02	−0.107%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.32	+0.021%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.20	−0.030%	$1.6M	$972K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	234.13	−0.060%	$1.5M	$4.5M	10x	as long as short

Show 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	−0.081%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.34	+0.030%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.10	−0.073%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.18	−0.038%	$56	$20K	10x	as long as short
Ondo Perps NBIS-USD.Pshort	+0.0050%	1h	234.10	−0.073%	$164K	$498K	10x
Nado NBIS-PERP	+0.0065%	1h	234.06	−0.091%	$67K	$95K	3x	as long as short
tradeXYZ xyz:NBIS	+0.0066%	1h	234.13	−0.060%	$54.7M	$20.0M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	234.05	−0.096%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.14	−0.055%	$482K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.15	−0.051%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.14	−0.056%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	233.89	−0.162%	$383K	$714K	10x	as long as short
Variational Omni NBIS	+0.0174%	8h	234.17	−0.042%	$2.8M	$571K	—	as long as short
Aster NBISUSDT	+0.0186%	8h	234.38	+0.049%	$81K	$314K	50x	as long as short
Extended NBIS-USD	+0.0200%	1h	234.14	−0.055%	$147K	$699K	10x	as long as short
Binance NBISUSDT	+0.0200%	8h	234.20	−0.032%	$19.2M	$84.8M	25x	as long as short
Lighter NBIS	+0.0232%	1h	234.19	−0.034%	$904K	$4.4M	10x	as long as short
Phoenix NBISlong	+0.0306%	1h	234.27	long leg	$7K	$152K	10x
Entropy io:NBIS	+0.0405%	1h	234.18	−0.038%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0978%	4h	234.03	−0.103%	$38K	$227K	10x	as long as short