Funding you earn now, next payment 01:00 UTC+0.0260%/8h= +28.5% APRnext payment +$0.32 per $10,000 · paid last 24h +0.091%
Price spread now: Phoenix against Vest−0.004%7-day average −0.370% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.090%+$9 on $10k
+Price spread, last 4 days (all we have)−0.050%−$5 · spread now −0.004%, 7d avg −0.370%
=Together, before fees+0.041%+ Points / potential airdropVest: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Phoenix is 0.366% dearer against Vest than usual: you sell high and buy low: +$37 more if the spread goes back to its 7-day average of −0.370%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest NBIS-USD-PERP | 233.43 | 0.0046 | pay 0.0006% / 1h | 36m 54s | — | $226K | 5x |
| Short | Phoenix NBIS | 233.42 | 0.0306 | get 0.0038% / 1h | 36m 54s | $7K | $152K | 10x |
Vest NBIS-USD-PERP
Phoenix NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Vest. 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
- $54.59
- Price spread: −0.004% → −0.370%
- $36.59
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $82.19
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Phoenix: live order book, 24 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 Vest no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 24 min ago | 5.09 bp | 15.1 bp −$15 | 32.4 bp −$324 | doesn't fit | doesn't fit |
Vest: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit NBISUSDT | 0.0000% | 8h | 233.45 | +0.009% | $5.1M | $6.3M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 233.43 | 0.000% | $3.4M | $16.5M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 233.48 | +0.021% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 233.42 | −0.004% | $2.4M | $4.5M | 20x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 233.36 | −0.030% | $996 | $1.7M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 233.25 | −0.077% | $35K | $48K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 233.40 | −0.013% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 233.44 | +0.004% | $1.6M | $972K | 10x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0016% | 8h | 233.46 | +0.015% | $5K | $129K | 10x | as long as short |
| QFEX NBIS-USD | +0.0024% | 1h | 233.39 | −0.017% | $1.5M | $4.6M | 10x | as long as short |
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Phemex NBISUSDT
GRVT NBIS_USDT_Perp
QFEX NBIS-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NBIS-USD | +0.0040% | 1h | 233.34 | −0.039% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERPlong | +0.0046% | 1h | 233.43 | long leg | — | $226K | 5x | |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 233.38 | −0.021% | $148K | $468K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 233.40 | −0.013% | $89 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 233.42 | −0.004% | $163K | $499K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0096% | 1h | 233.31 | −0.051% | $24K | $15K | 20x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 233.34 | −0.039% | $481K | $21K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 233.42 | −0.004% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 233.35 | −0.036% | — | — | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0108% | 1h | 233.35 | −0.034% | $54.7M | $20.0M | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0112% | 1h | 236.05 | +1.122% | $386K | $721K | 10x | as long as short |
| Nado NBIS-PERP | +0.0140% | 1h | 233.34 | −0.038% | $67K | $94K | 3x | as long as short |
| Aster NBISUSDT | +0.0216% | 8h | 233.58 | +0.062% | $81K | $314K | 50x | as long as short |
| Variational Omni NBIS | +0.0223% | 8h | 233.46 | +0.012% | $2.8M | $570K | — | as long as short |
| Extended NBIS-USD | +0.0232% | 1h | 233.34 | −0.038% | $150K | $705K | 10x | as long as short |
| BloFin NBIS-USDT | +0.0234% | 8h | 234.04 | +0.261% | $207K | $209K | 20x | as long as short |
| Binance NBISUSDT | +0.0235% | 8h | 233.40 | −0.013% | $19.2M | $85.1M | 25x | as long as short |
| Lighter NBIS | +0.0280% | 1h | 233.42 | −0.004% | $901K | $4.4M | 10x | as long as short |
| Phoenix NBISshort | +0.0306% | 1h | 233.42 | −0.004% | $7K | $152K | 10x | |
| Entropy io:NBIS | +0.0352% | 1h | 233.50 | +0.030% | $10.1M | $3.3M | 10x | as long as short |
| edgeX NBISUSDC | +0.0636% | 4h | 233.36 | −0.029% | $37K | $226K | 10x | as long as short |
Arcus NBIS-USD
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Kraken Futures PF_NBISUSD
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
tradeXYZ xyz:NBIS
Coinbase International NBIS-PERP-INTX
Nado NBIS-PERP
Aster NBISUSDT
Variational Omni NBIS
Extended NBIS-USD
BloFin NBIS-USDT
Binance NBISUSDT
Lighter NBIS
Entropy io:NBIS
edgeX NBISUSDC