Funding you earn now, next payment 03:00 UTC+0.0222%/8h= +24.3% APRnext payment +$0.28 per $10,000 · paid last 24h +0.087%
Price spread now: Phoenix against SoDEX+0.072%70s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.072% dearer against SoDEX than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 70 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 | SoDEX NBIS-USD | 235.41 | 0.0050 | pay 0.0006% / 1h | 7m 37s | $71 | $21K | 10x |
| Short | Phoenix NBIS | 235.58 | 0.0272 | get 0.0034% / 1h | 7m 37s | $7K | $150K | 10x |
SoDEX NBIS-USD
Phoenix NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against SoDEX. 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
- $46.52
- Price spread: +0.072% → 0.000%
- $7.22
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $38.74
- Costs to cover
- 0.150%
- Break-even
- 1.2 days
Slippage unknown: SoDEX: no order-book sample; Phoenix: live order book, 43 min ago. 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 43 min ago | 4.67 bp | 14.1 bp −$14 | 30.0 bp −$300 | doesn't fit | doesn't fit |
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 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado NBIS-PERP | −0.0052% | 1h | 235.42 | +0.003% | $38K | $115K | 3x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 235.48 | +0.030% | $5.0M | $6.3M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 235.42 | +0.004% | $3.4M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 235.40 | −0.004% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 235.38 | −0.013% | $2.4M | $4.4M | 20x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 235.40 | −0.004% | $2.9M | $561K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 235.47 | +0.025% | $5K | $120K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 235.37 | −0.017% | $1K | $1.7M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 235.28 | −0.055% | $35K | $49K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 235.32 | −0.038% | $15K | $60K | 20x | as long as short |
Nado NBIS-PERP
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
Variational Omni NBIS
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex NBISUSDT | 0.0000% | 8h | 235.43 | +0.008% | $1.6M | $955K | 10x | as long as short |
| BloFin NBIS-USDT | +0.0030% | 8h | 235.40 | −0.004% | $207K | $205K | 20x | as long as short |
| Aster NBISUSDT | +0.0035% | 8h | 235.33 | −0.036% | $79K | $310K | 50x | as long as short |
| Binance NBISUSDT | +0.0038% | 8h | 235.44 | +0.013% | $19.4M | $84.5M | 25x | as long as short |
| QFEX NBIS-USD | +0.0038% | 1h | 235.34 | −0.030% | $1.5M | $4.1M | 10x | as long as short |
| Extended NBIS-USD | +0.0040% | 1h | 235.38 | −0.014% | $150K | $701K | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 235.24 | −0.072% | $43K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 235.63 | +0.093% | — | $216K | 5x | as long as short |
| tradeXYZ xyz:NBIS | +0.0050% | 1h | 235.36 | −0.021% | $54.9M | $19.9M | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 235.31 | −0.042% | $149K | $453K | 10x | as long as short |
| SoDEX NBIS-USDlong | +0.0050% | 1h | 235.41 | long leg | $71 | $21K | 10x | |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 235.30 | −0.047% | $161K | $502K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0056% | 1h | 235.56 | +0.064% | $389K | $724K | 10x | as long as short |
| edgeX NBISUSDC | +0.0074% | 4h | 235.41 | +0.001% | $38K | $226K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 235.17 | −0.102% | $484K | $21K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 235.44 | +0.013% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 235.38 | −0.011% | — | — | 10x | as long as short |
| Lighter NBIS | +0.0176% | 1h | 235.52 | +0.047% | $904K | $4.1M | 10x | as long as short |
| Phoenix NBISshort | +0.0272% | 1h | 235.58 | +0.072% | $7K | $150K | 10x | |
| Entropy io:NBIS | +0.0425% | 1h | 235.33 | −0.034% | $10.2M | $3.2M | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0477% | 1h | 235.34 | −0.028% | $24K | $15K | 20x | as long as short |
Phemex NBISUSDT
BloFin NBIS-USDT
Aster NBISUSDT
Binance NBISUSDT
QFEX NBIS-USD
Extended NBIS-USD
Arcus NBIS-USD
Vest NBIS-USD-PERP
tradeXYZ xyz:NBIS
Polymarket Perps NBIS-USD
Ondo Perps NBIS-USD.P
Coinbase International NBIS-PERP-INTX
edgeX NBISUSDC
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Lighter NBIS
Entropy io:NBIS
Kraken Futures PF_NBISUSD