NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0265%/8h= −29.1% APRnext payment −$0.33 per $10,000 · paid last 24h −0.074%

Price spread now: Nado against Entropy−0.016%46s7-day average −0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$990.987% of the position

Long on Entropy Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.083%−$8 on $10k

Price spread, last 4 days (all we have)+0.515%+$52 · spread now −0.016%, 7d avg −0.099%

Together, before fees+0.432%+ Points / potential airdropNado: Active · farm board+$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.083% dearer against Entropy than usual: you sell high and buy low (spread −0.016% now, against its 7-day average of −0.099%): +$8 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 4 days (−0.083% in total) that is about 3.5 days. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.083% in total (about -8.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:NBIS	231.10	0.0437	pay 0.0055% / 1h	34m 49s	$10.1M	$3.1M	10x
Short	Nado NBIS-PERP	231.06	0.0171	get 0.0021% / 1h	34m 49s	$38K	$116K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Entropy. 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 EntropybpFee NadobpOrdersPrice spread, now −0.016%Rate

Funding earned: −$55.74
Price spread: −0.016% → −0.099%: $8.29
Slippage, 4 orders: −$73.68
Fee Entropy: 9 bp × 2 orders: −$18
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$146.13
Costs to cover: 0.987%
Break-even: never at this rate

Slippage from Entropy: live order book, 2 min ago; Nado: live order book, 64 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, 2 min ago	1.08 bp	17.3 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 64 min ago	10.42 bp	33.1 bp −$33	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
Bitget NBISUSDT	−0.0444%	8h	231.36	+0.113%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.14	+0.018%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.23	+0.057%	$148K	$876K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.32	+0.093%	$18.7M	$87.8M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.31	+0.091%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.27	+0.074%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.27	+0.074%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.17	+0.030%	$2.8M	$594K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.29	+0.082%	$4K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.36	+0.113%	$1K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	231.29	+0.082%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.34	+0.104%	$1.6M	$969K	10x	as long as short
BloFin NBIS-USDT	+0.0028%	8h	231.35	+0.108%	$203K	$209K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.12	+0.009%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.19	+0.039%	$1.5M	$3.8M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.03	−0.030%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.09	−0.004%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.06	−0.017%	$150K	$543K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.307%	$353K	$814K	10x	as long as short
SoDEX NBIS-USD	+0.0091%	1h	231.25	+0.065%	$102	$20K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.00	−0.043%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.18	+0.035%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.17	+0.029%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0150%	1h	231.15	+0.022%	$54.3M	$21.1M	10x	as long as short
Nado NBIS-PERPshort	+0.0171%	1h	231.06	−0.016%	$38K	$116K	3x
Phoenix NBIS	+0.0312%	1h	231.13	+0.013%	$7K	$125K	10x	as long as short
edgeX NBISUSDC	+0.0332%	4h	231.30	+0.085%	$37K	$227K	10x	as long as short
Lighter NBIS	+0.0368%	1h	231.18	+0.035%	$932K	$4.0M	10x	as long as short
Entropy io:NBISlong	+0.0437%	1h	231.10	long leg	$10.1M	$3.1M	10x
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.13	+0.013%	$23K	$15K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0746%	1h	231.13	+0.013%	$34K	$49K	10x	as long as short