Funding you earn now, next payment 11:00 UTC−0.0394%/8h= −43.2% APRnext payment −$0.49 per $10,000 · paid last 24h −0.067%
Price spread now: SoDEX against Phoenix−0.034%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and SoDEX is 0.034% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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 | 233.23 | 0.0444 | pay 0.0056% / 1h | 49m 11s | $7K | $117K | 10x |
| Short | SoDEX NBIS-USD | 233.15 | 0.0050 | get 0.0006% / 1h | 49m 11s | $1K | $20K | 10x |
Phoenix NBIS
SoDEX NBIS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Phoenix. 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
- −$82.84
- Price spread: −0.034% → 0.000%
- −$3.43
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$101.27
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 49 min ago; SoDEX: 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, 49 min ago | 4.27 bp | 13.7 bp −$14 | 29.4 bp −$294 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 31 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 232.58 | −0.279% | $3.3M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 232.63 | −0.257% | $2.7M | $4.8M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 232.74 | −0.210% | $2.2M | $4.4M | 20x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 232.83 | −0.172% | $955 | $1.4M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 233.07 | −0.069% | $12K | $61K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 232.73 | −0.214% | $1.6M | $968K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0039% | 1h | 232.48 | −0.323% | $22K | $10K | 20x | as long as short |
| SoDEX NBIS-USDshort | +0.0050% | 1h | 233.15 | −0.034% | $1K | $20K | 10x | |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 232.61 | −0.266% | $129K | $478K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 232.43 | −0.343% | $150K | $519K | 10x | as long as short |
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDT
Kraken Futures PF_NBISUSD
Polymarket Perps NBIS-USD
Ondo Perps NBIS-USD.PShow all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NBIS-USD-PERP | +0.0052% | 1h | 232.98 | −0.107% | — | $250K | 5x | as long as short |
| QFEX NBIS-USD | +0.0053% | 1h | 232.63 | −0.257% | $1.6M | $3.6M | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 232.52 | −0.304% | $471K | $247K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 232.82 | −0.176% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 232.53 | −0.300% | — | — | 10x | as long as short |
| Nado NBIS-PERP | +0.0162% | 1h | 232.37 | −0.367% | $38K | $68K | 3x | as long as short |
| edgeX NBISUSDC | +0.0168% | 4h | 233.45 | +0.094% | $31K | $234K | 10x | as long as short |
| Variational Omni NBIS | +0.0198% | 8h | 233.48 | +0.106% | $2.9M | $623K | — | as long as short |
| Bybit NBISUSDT | +0.0221% | 8h | 232.70 | −0.227% | $5.4M | $6.9M | 50x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0224% | 1h | 234.06 | +0.356% | $383K | $861K | 10x | as long as short |
| Aster NBISUSDT | +0.0224% | 8h | 233.16 | −0.031% | $81K | $314K | 50x | as long as short |
| Extended NBIS-USD | +0.0248% | 1h | 232.57 | −0.282% | $146K | $1.0M | 10x | as long as short |
| Binance NBISUSDT | +0.0252% | 8h | 232.73 | −0.214% | $20.5M | $90.4M | 25x | as long as short |
| BloFin NBIS-USDT | +0.0256% | 8h | 232.60 | −0.270% | $207K | $216K | 20x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0267% | 1h | 232.44 | −0.339% | $36K | $50K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0362% | 1h | 232.68 | −0.236% | $55.6M | $18.9M | 10x | as long as short |
| Lighter NBIS | +0.0376% | 1h | 232.65 | −0.249% | $941K | $3.7M | 10x | as long as short |
| Phoenix NBISlong | +0.0444% | 1h | 233.23 | long leg | $7K | $117K | 10x | |
| GRVT NBIS_USDT_Perp | +0.0476% | 8h | 233.48 | +0.106% | $4K | $101K | 10x | as long as short |
| Entropy io:NBIS | +0.0711% | 1h | 232.95 | −0.120% | $10.1M | $2.9M | 10x | as long as short |
| Arcus NBIS-USD | +0.0870% | 1h | 232.47 | −0.326% | $43K | $117K | 5x | as long as short |
Vest NBIS-USD-PERP
QFEX NBIS-USD
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Nado NBIS-PERP
edgeX NBISUSDC
Variational Omni NBIS
Bybit NBISUSDT
Coinbase International NBIS-PERP-INTX
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
BloFin NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
tradeXYZ xyz:NBIS
Lighter NBIS
GRVT NBIS_USDT_Perp
Entropy io:NBIS
Arcus NBIS-USD