NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0820%/8h= −89.8% APRnext payment −$1.02 per $10,000 · paid last 24h −0.020%

Price spread now: Ondo Perps against Arcus+0.090%7-day average −0.013% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.091%−$9 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.090%, 7d avg −0.013%

Together, before fees−0.088%+ Points / potential airdropOndo Perps: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.103% dearer against Arcus than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of −0.013%): +$10 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 4 days (−0.091% in total) that is about 4.4 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.091% in total (about -8.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.02 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	232.89	0.0870	pay 0.0109% / 1h	43m 09s	$43K	$116K	5x
Short	Ondo Perps NBIS-USD.P	233.10	0.0050	get 0.0006% / 1h	43m 09s	$151K	$520K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee Ondo PerpsbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$172.14
Price spread: +0.090% → −0.013%: $10.28
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$171.36
Costs to cover: 0.095%
Break-even: from the start

Slippage unknown: Arcus: live order book, 63 min ago; Ondo Perps: 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 Arcus live order book, 63 min ago	3.42 bp	6.0 bp −$6	12.1 bp −$121	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	233.01	+0.052%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.03	+0.060%	$2.7M	$4.8M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.10	+0.090%	$2.3M	$4.4M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	232.95	+0.026%	$1K	$1.4M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	232.71	−0.077%	$12K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.14	+0.107%	$1.6M	$968K	10x	as long as short
edgeX NBISUSDC	+0.0025%	4h	232.80	−0.037%	$31K	$235K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0039%	1h	233.10	+0.089%	$22K	$10K	20x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	232.93	+0.017%	$1K	$20K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0050%	1h	233.16	+0.116%	$36K	$50K	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NBIS-USD.Pshort	+0.0050%	1h	233.10	+0.090%	$151K	$520K	10x
Vest NBIS-USD-PERP	+0.0052%	1h	233.02	+0.056%	—	$250K	5x	as long as short
QFEX NBIS-USD	+0.0053%	1h	232.90	+0.004%	$1.6M	$3.6M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.81	−0.034%	$472K	$253K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.94	+0.021%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.85	−0.016%	—	—	10x	as long as short
Polymarket Perps NBIS-USD	+0.0108%	1h	232.95	+0.026%	$129K	$478K	10x	as long as short
Variational Omni NBIS	+0.0182%	8h	232.52	−0.161%	$2.9M	$623K	—	as long as short
Nado NBIS-PERP	+0.0184%	1h	232.79	−0.044%	$38K	$54K	3x	as long as short
BloFin NBIS-USDT	+0.0209%	8h	233.09	+0.086%	$208K	$216K	20x	as long as short
Aster NBISUSDT	+0.0213%	8h	233.20	+0.134%	$81K	$314K	50x	as long as short
Bybit NBISUSDT	+0.0219%	8h	233.21	+0.137%	$5.4M	$6.9M	50x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0224%	1h	234.06	+0.502%	$383K	$861K	10x	as long as short
Binance NBISUSDT	+0.0236%	8h	233.08	+0.082%	$20.6M	$90.3M	25x	as long as short
Extended NBIS-USD	+0.0240%	1h	232.96	+0.032%	$147K	$1.0M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0399%	8h	232.90	+0.006%	$5K	$101K	10x	as long as short
Lighter NBIS	+0.0400%	1h	233.22	+0.142%	$942K	$3.7M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0411%	1h	233.11	+0.094%	$55.8M	$19.0M	10x	as long as short
Phoenix NBIS	+0.0444%	1h	232.80	−0.039%	$7K	$117K	10x	as long as short
Entropy io:NBIS	+0.0694%	1h	232.89	0.000%	$10.2M	$2.9M	10x	as long as short
Arcus NBIS-USDlong	+0.0870%	1h	232.89	long leg	$43K	$116K	5x