Funding you earn now, next payment 12:00 UTC−0.0638%/8h= −69.9% APRnext payment −$0.80 per $10,000 · paid last 24h −0.015%
Price spread now: Extended against Arcus+0.027%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$350.352% of the position
Funding, last 4 days (all we have)−0.125%−$13 on $10k
+Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.027%, 7d avg −0.019%
=Together, before fees−0.103%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.046% dearer against Arcus than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.019%): +$5 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 4 days (−0.125% in total) that is about 34 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.125% in total (about -11.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.80 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus NBIS-USD | 232.83 | 0.0870 | pay 0.0109% / 1h | 44m 07s | $43K | $116K | 5x |
| Short | Extended NBIS-USD | 232.89 | 0.0232 | get 0.0029% / 1h | 44m 07s | $147K | $1.0M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Arcus. 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
- −$134
- Price spread: +0.027% → −0.019%
- $4.58
- Slippage, 4 orders
- −$25.73
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$164.65
- Costs to cover
- 0.352%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 62 min ago; Extended: live order book, 2 min ago.
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 Arcus live order book, 62 min ago | 3.42 bp | 6.0 bp −$6 | 12.1 bp −$121 | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 1.51 bp | 11.3 bp −$11 | 79.0 bp −$790 | doesn't fit | doesn't fit |
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 | 232.87 | +0.017% | $3.3M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 232.84 | +0.004% | $2.7M | $4.8M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 232.84 | +0.004% | $2.3M | $4.4M | 20x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 232.73 | −0.043% | $1K | $1.4M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 232.71 | −0.052% | $12K | $61K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 232.99 | +0.069% | $1.6M | $968K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0039% | 1h | 232.92 | +0.040% | $22K | $10K | 20x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 232.79 | −0.017% | $1K | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 233.10 | +0.116% | $151K | $520K | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.0052% | 1h | 232.97 | +0.060% | — | $250K | 5x | as long as short |
Show all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX NBIS-USD | +0.0053% | 1h | 232.90 | +0.030% | $1.6M | $3.6M | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 232.70 | −0.056% | $472K | $252K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 232.79 | −0.017% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 232.72 | −0.047% | — | — | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0115% | 1h | 232.87 | +0.017% | $129K | $478K | 10x | as long as short |
| Variational Omni NBIS | +0.0182% | 8h | 232.52 | −0.135% | $2.9M | $623K | — | as long as short |
| Nado NBIS-PERP | +0.0187% | 1h | 232.51 | −0.137% | $38K | $54K | 3x | as long as short |
| edgeX NBISUSDC | +0.0203% | 4h | 232.68 | −0.065% | $31K | $234K | 10x | as long as short |
| BloFin NBIS-USDT | +0.0211% | 8h | 232.77 | −0.026% | $209K | $216K | 20x | as long as short |
| Aster NBISUSDT | +0.0213% | 8h | 233.09 | +0.113% | $81K | $314K | 50x | as long as short |
| Bybit NBISUSDT | +0.0220% | 8h | 232.96 | +0.056% | $5.4M | $6.9M | 50x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0224% | 1h | 234.06 | +0.528% | $383K | $861K | 10x | as long as short |
| Extended NBIS-USDshort | +0.0232% | 1h | 232.89 | +0.027% | $147K | $1.0M | 10x | |
| Binance NBISUSDT | +0.0236% | 8h | 232.85 | +0.009% | $20.5M | $90.3M | 25x | as long as short |
| Lighter NBIS | +0.0400% | 1h | 232.95 | +0.052% | $941K | $3.7M | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0408% | 1h | 232.86 | +0.013% | $55.7M | $19.0M | 10x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0419% | 8h | 232.93 | +0.044% | $5K | $101K | 10x | as long as short |
| Phoenix NBIS | +0.0444% | 1h | 233.23 | +0.172% | $7K | $117K | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0524% | 1h | 232.83 | 0.000% | $36K | $50K | 10x | as long as short |
| Entropy io:NBIS | +0.0680% | 1h | 232.86 | +0.013% | $10.2M | $2.9M | 10x | as long as short |
| Arcus NBIS-USDlong | +0.0870% | 1h | 232.83 | long leg | $43K | $116K | 5x |
Extended NBIS-USD
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDT
Kraken Futures PF_NBISUSD
SoDEX NBIS-USD
KuCoin NBISUSDTM
Polymarket Perps NBIS-USD
Variational Omni NBIS
edgeX NBISUSDC
BloFin NBIS-USDT
Aster NBISUSDT
Bybit NBISUSDT
Coinbase International NBIS-PERP-INTX
Binance NBISUSDT
Lighter NBIS
tradeXYZ xyz:NBIS
GRVT NBIS_USDT_Perp
Phoenix NBIS
Deribit NBIS_USDC-PERPETUAL