Funding you earn now, next payment 05:00 UTC+0.0176%/8h= +19.2% APRnext payment +$0.22 per $10,000 · paid last 24h +0.061%
Price spread now: Lighter against Arcus+0.150%7-day average +0.072% · 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−$12as in the Price arb table
costs, in and out, $10k−$190.193% of the position
Funding, last 4 days (all we have)+0.036%+$4 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.150%, 7d avg +0.072%
=Together, before fees+0.040%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.078% dearer against Arcus than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.072%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus NBIS-USD | 233.05 | 0.0040 | pay 0.0005% / 1h | 14m 00s | $42K | $132K | 5x |
| Short | Lighter NBIS | 233.40 | 0.0216 | get 0.0027% / 1h | 14m 00s | $926K | $4.0M | 10x |
Arcus NBIS-USD
Lighter NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $36.9
- Price spread: +0.150% → +0.072%
- $7.8
- Slippage, 4 orders
- −$14.82
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $25.38
- Costs to cover
- 0.193%
- Break-even
- 2.2 days
Slippage from Arcus: live order book, 39 min ago; Lighter: live order book, 4 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, 39 min ago | 3.41 bp | 9.1 bp −$9 | 18.3 bp −$183 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.43 bp | 0.6 bp −$1 | 2.8 bp −$28 | 80.8 bp −$8,081 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster NBISUSDT | 0.0000% | 8h | 233.38 | +0.143% | $78K | $310K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 233.26 | +0.091% | $146K | $635K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 233.33 | +0.120% | $19.0M | $85.2M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 233.42 | +0.159% | $5.0M | $6.3M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 233.36 | +0.133% | $3.4M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 233.32 | +0.116% | $2.7M | $5.1M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 233.38 | +0.142% | $2.3M | $4.5M | 20x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 233.10 | +0.023% | $2.9M | $552K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 232.98 | −0.031% | $5K | $120K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 233.38 | +0.142% | $899 | $1.6M | 10x | as long as short |
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
Variational Omni NBIS
GRVT NBIS_USDT_Perp
SunX NBIS-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 233.28 | +0.099% | $35K | $49K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 233.51 | +0.197% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 233.39 | +0.146% | $1.6M | $955K | 10x | as long as short |
| Nado NBIS-PERP | +0.0017% | 1h | 233.36 | +0.135% | $38K | $115K | 3x | as long as short |
| BloFin NBIS-USDT | +0.0030% | 8h | 233.30 | +0.107% | $206K | $205K | 20x | as long as short |
| QFEX NBIS-USD | +0.0034% | 1h | 233.37 | +0.137% | $1.5M | $4.0M | 10x | as long as short |
| Arcus NBIS-USDlong | +0.0040% | 1h | 233.05 | long leg | $42K | $132K | 5x | |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 233.48 | +0.185% | — | $216K | 5x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0049% | 1h | 233.32 | +0.115% | $23K | $15K | 20x | as long as short |
| tradeXYZ xyz:NBIS | +0.0050% | 1h | 233.32 | +0.116% | $54.4M | $20.1M | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 233.33 | +0.120% | $143K | $460K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 233.33 | +0.120% | $107 | $21K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 233.35 | +0.129% | $160K | $501K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 233.26 | +0.090% | $481K | $20K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 233.35 | +0.129% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 233.26 | +0.088% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0104% | 1h | 233.28 | +0.099% | $362K | $773K | 10x | as long as short |
| edgeX NBISUSDC | +0.0114% | 4h | 232.90 | −0.063% | $37K | $227K | 10x | as long as short |
| Lighter NBISshort | +0.0216% | 1h | 233.40 | +0.150% | $926K | $4.0M | 10x | |
| Phoenix NBIS | +0.0239% | 1h | 232.87 | −0.077% | $7K | $150K | 10x | as long as short |
| Entropy io:NBIS | +0.0301% | 1h | 233.24 | +0.082% | $10.1M | $3.2M | 10x | as long as short |
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Phemex NBISUSDT
Nado NBIS-PERP
BloFin NBIS-USDT
QFEX NBIS-USD
Vest NBIS-USD-PERP
Kraken Futures PF_NBISUSD
tradeXYZ xyz:NBIS
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
edgeX NBISUSDC
Phoenix NBIS
Entropy io:NBIS