NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0430%/8h= −47.1% APRnext payment −$0.54 per $10,000 · paid last 24h −0.092%

Price spread now: Ondo Perps against Entropy+0.021%7-day average −0.106% · you sell dearer than you buy

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

Long on Entropy Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.485%−$49 on $10k

Price spread, last 4 days (all we have)+0.059%+$6 · spread now +0.021%, 7d avg −0.106%

Together, before fees−0.426%+ Points / potential airdropOndo Perps: Active · farm board−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.127% dearer against Entropy than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.106%): +$13 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:NBIS	234.93	0.0490	pay 0.0061% / 1h	14m 18s	$10.3M	$3.4M	10x
Short	Ondo Perps NBIS-USD.P	234.98	0.0061	get 0.0008% / 1h	14m 18s	$174K	$499K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$90.24
Price spread: +0.021% → −0.106%: $12.73
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$100.5
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Entropy: live order book, 3 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 Entropy live order book, 3 min ago	1.06 bp	13.1 bp −$13	doesn't fit	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 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
Bybit NBISUSDT	0.0000%	8h	234.88	−0.021%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.93	0.000%	$3.4M	$17.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.89	−0.017%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.86	−0.030%	$2.5M	$4.8M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.04	+0.047%	$1K	$1.8M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.77	−0.068%	$35K	$48K	10x	as long as short
Coinbase International NBIS-PERP-INTX	0.0000%	1h	234.81	−0.051%	$360K	$679K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.07	+0.060%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.92	−0.004%	$1.6M	$975K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.12	+0.081%	—	$234K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps NBIS-USD	+0.0050%	1h	234.95	+0.009%	$142K	$738K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.88	−0.021%	$28	$20K	10x	as long as short
QFEX NBIS-USD	+0.0051%	1h	234.84	−0.038%	$1.5M	$5.2M	10x	as long as short
Ondo Perps NBIS-USD.Pshort	+0.0061%	1h	234.98	+0.021%	$174K	$499K	10x
KuCoin NBISUSDTM	+0.0100%	8h	234.77	−0.068%	$484K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.90	−0.013%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.93	0.000%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0197%	1h	234.88	−0.020%	$28K	$63K	3x	as long as short
Variational Omni NBIS	+0.0221%	8h	235.11	+0.075%	$2.9M	$822K	—	as long as short
Aster NBISUSDT	+0.0235%	8h	235.18	+0.107%	$81K	$308K	50x	as long as short
BloFin NBIS-USDT	+0.0247%	8h	234.93	0.000%	$206K	$214K	20x	as long as short
Kraken Futures PF_NBISUSD	+0.0248%	1h	234.60	−0.140%	$24K	$15K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0249%	8h	235.06	+0.054%	$5K	$138K	10x	as long as short
Binance NBISUSDT	+0.0253%	8h	234.87	−0.026%	$19.4M	$86.5M	25x	as long as short
Extended NBIS-USD	+0.0256%	1h	234.83	−0.044%	$139K	$703K	10x	as long as short
Arcus NBIS-USD	+0.0269%	1h	234.94	+0.004%	$44K	$134K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0305%	1h	234.95	+0.009%	$54.8M	$23.4M	10x	as long as short
Lighter NBIS	+0.0368%	1h	235.00	+0.030%	$930K	$4.6M	10x	as long as short
Phoenix NBIS	+0.0376%	1h	235.07	+0.060%	$7K	$163K	10x	as long as short
Entropy io:NBISlong	+0.0490%	1h	234.93	long leg	$10.3M	$3.4M	10x
edgeX NBISUSDC	+0.0874%	4h	235.04	+0.047%	$38K	$236K	10x	as long as short