Funding you earn now, next payment 04:00 UTC−0.0354%/8h= −38.7% APRnext payment −$0.44 per $10,000 · paid last 24h −0.068%
Price spread now: tradeXYZ against Entropy−0.081%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$530.529% of the position
Funding, last 7 days−0.323%−$32 on $10k
+Price spread, last 7 days−0.029%−$3 · spread now −0.081%, 7d avg −0.064%
=Together, before fees−0.352%+ Points / potential airdroptradeXYZ: Active · farm board−$35 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.064%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:NBIS | 235.55 | 0.0404 | pay 0.0050% / 1h | 32m 39s | $10.2M | $3.2M | 10x |
| Short | tradeXYZ xyz:NBIS | 235.36 | 0.0050 | get 0.0006% / 1h | 32m 39s | $54.9M | $19.8M | 10x |
Entropy io:NBIS
tradeXYZ xyz:NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$74.25
- Price spread: −0.081% → −0.064%
- −$1.68
- Slippage, 4 orders
- −$16.94
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$128.87
- Costs to cover
- 0.529%
- Break-even
- never at this rate
Slippage from Entropy: live order book, 4 min ago; tradeXYZ: live order book, 7 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, 4 min ago | 0.21 bp | 16.4 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 7 min ago | 1.06 bp | 10.9 bp −$11 | 14.5 bp −$145 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado NBIS-PERP | −0.0120% | 1h | 235.36 | −0.081% | $38K | $115K | 3x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 235.60 | +0.021% | $5.1M | $6.2M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 235.58 | +0.013% | $3.4M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 235.56 | +0.004% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 235.55 | 0.000% | $2.4M | $4.4M | 20x | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 235.55 | 0.000% | $5K | $119K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 235.63 | +0.034% | $1K | $1.7M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 235.53 | −0.008% | $35K | $48K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 235.57 | +0.008% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 235.57 | +0.008% | $1.6M | $958K | 10x | as long as short |
Nado NBIS-PERP
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Phemex NBISUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NBIS | +0.0027% | 8h | 235.51 | −0.017% | $2.9M | $563K | — | as long as short |
| QFEX NBIS-USD | +0.0038% | 1h | 235.50 | −0.021% | $1.5M | $4.2M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 235.39 | −0.068% | $43K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 235.73 | +0.076% | — | $216K | 5x | as long as short |
| tradeXYZ xyz:NBISshort | +0.0050% | 1h | 235.36 | −0.081% | $54.9M | $19.8M | 10x | |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 235.50 | −0.021% | $149K | $453K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 235.56 | +0.004% | $24 | $21K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 235.53 | −0.008% | $161K | $504K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0056% | 1h | 235.35 | −0.085% | $389K | $724K | 10x | as long as short |
| Aster NBISUSDT | +0.0066% | 8h | 235.56 | +0.002% | $79K | $310K | 50x | as long as short |
| Binance NBISUSDT | +0.0071% | 8h | 235.56 | +0.003% | $19.4M | $84.6M | 25x | as long as short |
| Extended NBIS-USD | +0.0072% | 1h | 235.48 | −0.028% | $147K | $702K | 10x | as long as short |
| BloFin NBIS-USDT | +0.0090% | 8h | 235.63 | +0.034% | $208K | $205K | 20x | as long as short |
| Lighter NBIS | +0.0096% | 1h | 235.61 | +0.025% | $899K | $4.0M | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 235.34 | −0.089% | $485K | $21K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 235.63 | +0.034% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 235.59 | +0.015% | — | — | 10x | as long as short |
| Phoenix NBIS | +0.0272% | 1h | 235.50 | −0.021% | $7K | $150K | 10x | as long as short |
| edgeX NBISUSDC | +0.0340% | 4h | 235.49 | −0.026% | $38K | $227K | 10x | as long as short |
| Entropy io:NBISlong | +0.0404% | 1h | 235.55 | long leg | $10.2M | $3.2M | 10x | |
| Kraken Futures PF_NBISUSD | +0.0477% | 1h | 235.39 | −0.066% | $24K | $15K | 20x | as long as short |
Variational Omni NBIS
QFEX NBIS-USD
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Coinbase International NBIS-PERP-INTX
Aster NBISUSDT
Binance NBISUSDT
Extended NBIS-USD
BloFin NBIS-USDT
Lighter NBIS
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Phoenix NBIS
edgeX NBISUSDC
Kraken Futures PF_NBISUSD