Funding you earn now, next payment 00:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h −0.074%
Price spread now: Phemex against Binance−0.090%7-day average +0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1231.231% of the position
Funding, last 7 days−0.141%−$14 on $10k
+Price spread, last 1 day (all we have)+0.165%+$16 · spread now −0.090%, 7d avg +0.047%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.136% cheaper against Binance than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.047%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NBISUSDT | 234.61 | 0 | get 0.0000% / 8h | 4h 21m | $20.3M | $82.6M | 25x |
| Short | Phemex NBISUSDT | 234.40 | 0 | get 0.0000% / 8h | 4h 21m | $1.6M | $907K | 10x |
Binance NBISUSDT
Phemex NBISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Binance. 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
- $0
- Price spread: −0.090% → +0.047%
- −$13.61
- Slippage, 4 orders
- −$101.15
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$136.76
- Costs to cover
- 1.231%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Phemex: live order book, 1 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 Binance live order book, 10 min ago | 0.64 bp | 10.2 bp −$10 | 23.9 bp −$239 | 62.6 bp −$6,256 | doesn't fit |
| Sell Phemex live order book, 1 min ago | 3.20 bp | 61.4 bp −$61 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NBISUSD | −0.0161% | 1h | 234.39 | −0.095% | $25K | $11K | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 234.55 | −0.025% | $111K | $266K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 234.53 | −0.035% | $141K | $694K | 10x | as long as short |
| Binance NBISUSDTlong | 0.0000% | 8h | 234.61 | long leg | $20.3M | $82.6M | 25x | |
| Bybit NBISUSDT | 0.0000% | 8h | 234.52 | −0.038% | $5.2M | $6.1M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 234.55 | −0.026% | $3.5M | $16.5M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 234.39 | −0.094% | $2.9M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 234.58 | −0.013% | $2.5M | $4.5M | 20x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 234.16 | −0.192% | $2.9M | $923K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 234.23 | −0.160% | $5K | $140K | 10x | as long as short |
Kraken Futures PF_NBISUSD
Aster NBISUSDT
Extended NBIS-USD
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
Variational Omni NBIS
GRVT NBIS_USDT_PerpShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX NBIS-USDT | 0.0000% | 8h | 234.34 | −0.115% | $933 | $1.8M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 234.21 | −0.170% | $15K | $115K | 20x | as long as short |
| Phemex NBISUSDTshort | 0.0000% | 8h | 234.40 | −0.090% | $1.6M | $907K | 10x | |
| BloFin NBIS-USDT | +0.0022% | 8h | 234.44 | −0.072% | $213K | $215K | 20x | as long as short |
| QFEX NBIS-USD | +0.0033% | 1h | 234.40 | −0.090% | $1.5M | $5.0M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 234.22 | −0.166% | $40K | $118K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 234.53 | −0.034% | — | $230K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 234.44 | −0.072% | $135K | $554K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 234.35 | −0.111% | $98 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 234.18 | −0.183% | $160K | $491K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 234.24 | −0.158% | $494K | $21K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 234.37 | −0.102% | $2K | $4K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 234.35 | −0.109% | — | — | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0114% | 1h | 234.51 | −0.043% | $54.8M | $22.3M | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0120% | 1h | 235.35 | +0.315% | $370K | $652K | 10x | as long as short |
| Entropy io:NBIS | +0.0129% | 1h | 234.30 | −0.132% | $10.3M | $3.2M | 10x | as long as short |
| edgeX NBISUSDC | +0.0141% | 4h | 234.26 | −0.150% | $38K | $238K | 10x | as long as short |
| Nado NBIS-PERP | +0.0166% | 1h | 234.24 | −0.159% | $29K | $65K | 3x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0177% | 1h | 234.35 | −0.111% | $36K | $88K | 10x | as long as short |
| Lighter NBIS | +0.0216% | 1h | 234.67 | +0.026% | $986K | $4.4M | 10x | as long as short |
| Phoenix NBIS | +0.0340% | 1h | 234.30 | −0.132% | $7K | $180K | 10x | as long as short |
SunX NBIS-USDT
HTX NBIS-USDT
BloFin NBIS-USDT
QFEX NBIS-USD
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
tradeXYZ xyz:NBIS
Coinbase International NBIS-PERP-INTX
Entropy io:NBIS
edgeX NBISUSDC
Nado NBIS-PERP
Deribit NBIS_USDC-PERPETUAL
Lighter NBIS
Phoenix NBIS