NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0361%/8h= +39.5% APRnext payment +$0.45 per $10,000 · paid last 24h +0.120%

Price spread now: Entropy against Extended−0.037%7-day average +0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$580.584% of the position

Long on Extended Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days+0.546%+$55 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.037%, 7d avg +0.114%

Together, before fees+0.522%+ Points / potential airdropExtended: Active · farm board+$52 on $10k · with fees, hour by hour

Funding pays, the price is against you. Entropy is 0.151% cheaper against Extended than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of +0.114%). If the spread goes back, that is −$15 on $10k: about 33 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NBIS-USD	230.81	0	get 0.0000% / 1h	25m 37s	$149K	$635K	10x
Short	Entropy io:NBIS	230.73	0.0361	get 0.0045% / 1h	25m 37s	$10.0M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Extended. 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 ExtendedbpFee EntropybpOrdersPrice spread, now −0.037%Rate

Funding earned: $75.77
Price spread: −0.037% → +0.114%: −$15.07
Slippage, 4 orders: −$35.42
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Entropy: 9 bp × 2 orders: −$18
Net: $2.28
Costs to cover: 0.584%
Break-even: 6.8 days

Slippage from Extended: live order book, 17 min ago; Entropy: 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 Extended live order book, 17 min ago	1.74 bp	11.8 bp −$12	95.6 bp −$956	doesn't fit	doesn't fit
Sell Entropy live order book, 1 min ago	0.87 bp	20.3 bp −$20	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	−0.0591%	8h	230.93	+0.050%	$2.3M	$4.5M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.76	−0.025%	$84K	$311K	50x	as long as short
Extended NBIS-USDlong	0.0000%	1h	230.81	long leg	$149K	$635K	10x
Binance NBISUSDT	0.0000%	8h	230.95	+0.060%	$18.5M	$87.3M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.96	+0.063%	$4.9M	$6.6M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.91	+0.041%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.89	+0.033%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.85	+0.015%	$2.8M	$601K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.78	−0.015%	$5K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.74	−0.032%	$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	230.74	−0.032%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.92	+0.046%	$1.6M	$963K	10x	as long as short
BloFin NBIS-USDT	+0.0004%	8h	230.75	−0.028%	$204K	$205K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.64	−0.076%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.81	−0.002%	—	$221K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.75	−0.028%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.85	+0.015%	$106	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.43	−0.167%	$151K	$548K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	230.88	+0.028%	$1.5M	$3.8M	10x	as long as short
Nado NBIS-PERP	+0.0075%	1h	230.94	+0.052%	$38K	$115K	3x	as long as short
tradeXYZ xyz:NBIS	+0.0094%	1h	230.81	−0.002%	$54.3M	$21.0M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.77	−0.019%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.87	+0.024%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.84	+0.010%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0120%	1h	230.39	−0.184%	$351K	$812K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0184%	1h	230.77	−0.019%	$34K	$49K	10x	as long as short
Lighter NBIS	+0.0240%	1h	230.86	+0.020%	$956K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0311%	1h	230.90	+0.037%	$7K	$150K	10x	as long as short
Entropy io:NBISshort	+0.0361%	1h	230.73	−0.037%	$10.0M	$3.1M	10x
edgeX NBISUSDC	+0.0511%	4h	230.68	−0.058%	$37K	$226K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0684%	1h	230.88	+0.028%	$23K	$15K	20x	as long as short