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Funding arb · Price arb /

NBIS

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 01:00 UTC−0.0222%/8h= −24.3% APRnext payment −$0.28 per $10,000 · paid last 24h −0.012%
Price spread now: Ondo Perps against Extended+0.272%7-day average +0.014% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ExtendedShort on Ondo Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.069%+$7 on $10k
Price spread, last 4 days (all we have)−0.266%−$27 · spread now +0.272%, 7d avg +0.014%
Together, before fees−0.198%+ Points / potential airdropExtended: Active · Ondo Perps: Active · farm board−$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.258% dearer against Extended than usual: you sell high and buy low (spread +0.272% now, against its 7-day average of +0.014%): +$26 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.069%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.069% in total (about 3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended NBIS-USD235.490.0272pay 0.0034% / 1h23m 20s$151K$812K10x
ShortOndo Perps NBIS-USD.P236.130.0050get 0.0006% / 1h23m 20s$176K$505K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
−$46.54
Price spread: +0.272% → +0.014%
$25.78
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$30.76
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Extended: live order book, 50 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 50 min ago2.35 bp12.4 bp −$12174.7 bp −$1,747doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NBISUSD−0.0178%1h235.58+0.039%$24K$15K20xas long as short
OKX NBIS-USDT-SWAP0.0000%8h235.63+0.059%$3.4M$16.8M25xas long as short
Gate NBIS_USDT0.0000%8h235.64+0.063%$2.8M$5.1M50xas long as short
SunX NBIS-USDT0.0000%8h235.91+0.178%$1K$1.7M10xas long as short
Deribit NBIS_USDC-PERPETUAL0.0000%1h235.57+0.034%$35K$48K10xas long as short
HTX NBIS-USDT0.0000%8h235.58+0.038%$15K$112K20xas long as short
Phemex NBISUSDT0.0000%8h235.70+0.089%$1.6M$973K10xas long as short
Coinbase International NBIS-PERP-INTX+0.0016%1h236.05+0.238%$386K$739K10xas long as short
QFEX NBIS-USD+0.0038%1h235.57+0.034%$1.5M$4.9M10xas long as short
Vest NBIS-USD-PERP+0.0046%1h235.98+0.208%—$224K5xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NBISUSDT+0.0049%8h235.63+0.059%$5.1M$6.5M50xas long as short
Ondo Perps NBIS-USD.Pshort+0.0050%1h236.13+0.272%$176K$505K10x
KuCoin NBISUSDTM+0.0100%8h235.40−0.038%$485K$23K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h235.58+0.038%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h235.60+0.047%——10xas long as short
Bitget NBISUSDT+0.0108%8h235.70+0.089%$2.5M$4.6M20xas long as short
SoDEX NBIS-USD+0.0131%1h235.67+0.076%$52$20K10xas long as short
Nado NBIS-PERP+0.0182%1h235.47−0.007%$31K$66K3xas long as short
edgeX NBISUSDC+0.0184%4h235.95+0.194%$38K$228K10xas long as short
Variational Omni NBIS+0.0240%8h236.09+0.255%$2.9M$820K—as long as short
Aster NBISUSDT+0.0248%8h235.67+0.077%$81K$308K50xas long as short
BloFin NBIS-USDT+0.0255%8h235.72+0.097%$207K$211K20xas long as short
Binance NBISUSDT+0.0270%8h235.53+0.018%$19.6M$85.6M25xas long as short
Extended NBIS-USDlong+0.0272%1h235.49long leg$151K$812K10x
Polymarket Perps NBIS-USD+0.0311%1h235.66+0.072%$134K$444K10xas long as short
Lighter NBIS+0.0328%1h235.79+0.127%$926K$4.5M10xas long as short
Arcus NBIS-USD+0.0366%1h235.76+0.114%$44K$132K5xas long as short
Phoenix NBIS+0.0409%1h235.89+0.170%$7K$163K10xas long as short
tradeXYZ xyz:NBIS+0.0409%1h235.57+0.034%$55.1M$23.7M10xas long as short
GRVT NBIS_USDT_Perp+0.0446%8h236.00+0.216%$5K$132K10xas long as short
Entropy io:NBIS+0.0870%1h235.75+0.110%$10.3M$3.4M10xas long as short