Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.058%
Price spread now: Phemex against Gate+0.047%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1201.203% of the position
Funding, last 7 days−0.141%−$14 on $10k
+Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.047%, 7d avg −0.011%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.059% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate NBIS_USDT | 232.39 | 0 | get 0.0000% / 8h | 3h 05m | $2.7M | $5.1M | 50x |
| Short | Phemex NBISUSDT | 232.50 | 0 | get 0.0000% / 8h | 3h 05m | $1.6M | $956K | 10x |
Gate NBIS_USDT
Phemex NBISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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
- $0
- Price spread: +0.047% → −0.011%
- $5.86
- Slippage, 4 orders
- −$93.26
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$114.4
- Costs to cover
- 1.203%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Phemex: live order book, 2 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 Gate live order book, 2 min ago | 2.80 bp | 12.1 bp −$12 | 33.3 bp −$333 | 59.2 bp −$5,921 | doesn't fit |
| Sell Phemex live order book, 2 min ago | 4.74 bp | 48.8 bp −$49 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin NBIS-USDT | −0.0014% | 8h | 232.20 | −0.082% | $206K | $204K | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 232.50 | +0.047% | $78K | $310K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 232.24 | −0.064% | $146K | $599K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 232.30 | −0.039% | $18.9M | $85.6M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 232.39 | 0.000% | $5.0M | $6.4M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 232.33 | −0.026% | $3.4M | $16.1M | 25x | as long as short |
| Gate NBIS_USDTlong | 0.0000% | 8h | 232.39 | long leg | $2.7M | $5.1M | 50x | |
| Bitget NBISUSDT | 0.0000% | 8h | 232.43 | +0.017% | $2.4M | $4.5M | 20x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 232.62 | +0.101% | $2.9M | $552K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 231.97 | −0.181% | $5K | $118K | 10x | as long as short |
BloFin NBIS-USDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Bitget NBISUSDT
Variational Omni NBIS
GRVT NBIS_USDT_PerpShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX NBIS-USDT | 0.0000% | 8h | 232.66 | +0.116% | $940 | $1.6M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 232.16 | −0.099% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDTshort | 0.0000% | 8h | 232.50 | +0.047% | $1.6M | $956K | 10x | |
| Nado NBIS-PERP | +0.0009% | 1h | 232.56 | +0.073% | $38K | $115K | 3x | as long as short |
| QFEX NBIS-USD | +0.0034% | 1h | 232.57 | +0.077% | $1.5M | $4.0M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 232.17 | −0.095% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 232.57 | +0.077% | — | $217K | 5x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0049% | 1h | 232.69 | +0.131% | $23K | $15K | 20x | as long as short |
| tradeXYZ xyz:NBIS | +0.0050% | 1h | 232.26 | −0.056% | $54.1M | $20.2M | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 232.59 | +0.086% | $143K | $459K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 232.37 | −0.009% | $93 | $21K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 232.08 | −0.133% | $160K | $507K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 232.30 | −0.039% | $479K | $20K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 232.63 | +0.103% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 232.57 | +0.079% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0104% | 1h | 232.30 | −0.039% | $361K | $771K | 10x | as long as short |
| Lighter NBIS | +0.0200% | 1h | 232.52 | +0.056% | $918K | $4.0M | 10x | as long as short |
| Phoenix NBIS | +0.0239% | 1h | 232.25 | −0.060% | $7K | $150K | 10x | as long as short |
| Entropy io:NBIS | +0.0294% | 1h | 232.39 | 0.000% | $10.1M | $3.2M | 10x | as long as short |
| edgeX NBISUSDC | +0.0317% | 4h | 231.93 | −0.197% | $37K | $226K | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0524% | 1h | 232.69 | +0.129% | $35K | $49K | 10x | as long as short |
SunX NBIS-USDT
HTX NBIS-USDT
Nado NBIS-PERP
QFEX NBIS-USD
Arcus NBIS-USD
Vest NBIS-USD-PERP
Kraken Futures PF_NBISUSD
tradeXYZ xyz:NBIS
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
Lighter NBIS
Phoenix NBIS
Entropy io:NBIS
edgeX NBISUSDC
Deribit NBIS_USDC-PERPETUAL