Funding you earn now, next payment 20:00 UTC+0.0087%/8hnext payment +$0.11 per $10,000 · paid last 24h +0.012%
Price spread now: Lighter against Entropy+0.158%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$360.359% of the position
Funding, last 7 days−0.098%−$10 on $10k
+Price spread, last 7 days−0.166%−$17 · spread now +0.158%, 7d avg −0.006%
=Together, before fees−0.264%+ Points / potential airdropLighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.164% dearer against Entropy than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.006%. Mind the row above: over the last 7 days funding on this pair cost −0.098%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:NBIS | 234.30 | 0.0129 | pay 0.0016% / 1h | 21m 31s | $10.3M | $3.2M | 10x |
| Short | Lighter NBIS | 234.67 | 0.0216 | get 0.0027% / 1h | 21m 31s | $986K | $4.4M | 10x |
Entropy io:NBIS
Lighter NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Entropy. 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
- $18.24
- Price spread: +0.158% → −0.006%
- $16.36
- Slippage, 4 orders
- −$17.86
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$1.26
- Costs to cover
- 0.359%
- Break-even
- 7.5 days
Slippage from Entropy: live order book, 1 min ago; Lighter: live order book, 10 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 Entropy live order book, 1 min ago | 1.92 bp | 15.6 bp −$16 | 18.0 bp −$180 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 10 min ago | 1.28 bp | 1.6 bp −$2 | 4.0 bp −$40 | 58.8 bp −$5,885 | 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 | +0.037% | $25K | $11K | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 234.58 | +0.120% | $111K | $266K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 234.60 | +0.127% | $141K | $694K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 234.52 | +0.094% | $20.3M | $82.6M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 234.55 | +0.107% | $5.2M | $6.1M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 234.63 | +0.141% | $3.5M | $16.5M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 234.56 | +0.111% | $2.9M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 234.65 | +0.149% | $2.5M | $4.5M | 20x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 234.16 | −0.060% | $2.9M | $923K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 234.36 | +0.026% | $5K | $141K | 10x | as long as short |
Kraken Futures PF_NBISUSD
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
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 | +0.017% | $933 | $1.8M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 234.21 | −0.038% | $15K | $115K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 234.40 | +0.043% | $1.6M | $907K | 10x | as long as short |
| BloFin NBIS-USDT | +0.0022% | 8h | 234.44 | +0.060% | $213K | $215K | 20x | as long as short |
| QFEX NBIS-USD | +0.0033% | 1h | 234.52 | +0.094% | $1.5M | $5.0M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 234.49 | +0.081% | $40K | $118K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 234.53 | +0.098% | — | $230K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 234.44 | +0.060% | $135K | $554K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 234.35 | +0.021% | $98 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 234.18 | −0.051% | $160K | $491K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 234.36 | +0.026% | $494K | $21K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 234.37 | +0.030% | $2K | $4K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 234.35 | +0.023% | — | — | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0114% | 1h | 234.51 | +0.090% | $54.8M | $22.3M | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0120% | 1h | 235.35 | +0.448% | $370K | $652K | 10x | as long as short |
| Entropy io:NBISlong | +0.0129% | 1h | 234.30 | long leg | $10.3M | $3.2M | 10x | |
| edgeX NBISUSDC | +0.0141% | 4h | 234.37 | +0.032% | $38K | $238K | 10x | as long as short |
| Nado NBIS-PERP | +0.0166% | 1h | 234.24 | −0.027% | $29K | $65K | 3x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0177% | 1h | 234.35 | +0.021% | $36K | $88K | 10x | as long as short |
| Lighter NBISshort | +0.0216% | 1h | 234.67 | +0.158% | $986K | $4.4M | 10x | |
| Phoenix NBIS | +0.0340% | 1h | 234.30 | 0.000% | $7K | $180K | 10x | as long as short |
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDT
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
edgeX NBISUSDC
Nado NBIS-PERP
Deribit NBIS_USDC-PERPETUAL
Phoenix NBIS