Funding you earn now, next payment 01:00 UTC+0.0306%/8h= +33.5% APRpaid last 24h +0.105%
Price spread now: Phoenix against HTX+0.124%72s7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs+$1as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$560.559% of the position
Funding, last 7 days+0.574%+$57 on $10k
+Price spread, last 3 days (all we have)−0.031%−$3 · spread now +0.124%, 7d avg +0.080%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Phoenix is 0.044% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.080%. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX NBIS-USDT | 234.04 | 0 | get 0.0000% / 8h | 6h 17m | $15K | $60K | 20x |
| Short | Phoenix NBIS | 234.33 | 0.0306 | get 0.0038% / 1h | 17m 40s | $7K | $152K | 10x |
HTX NBIS-USDT
Phoenix NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against HTX. 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
- $64.19
- Price spread: +0.124% → +0.080%
- $4.37
- Slippage, 4 orders
- −$36.89
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $12.66
- Costs to cover
- 0.559%
- Break-even
- 5.6 days
Slippage from HTX: live order book, 48 min ago; Phoenix: live order book, 44 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 HTX live order book, 48 min ago | 2.33 bp | 12.4 bp −$12 | 26.7 bp −$267 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 44 min ago | 5.09 bp | 15.1 bp −$15 | 32.4 bp −$324 | doesn't fit | doesn't fit |
NBIS on 30 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 | 234.34 | +0.128% | $5.1M | $6.3M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 234.37 | +0.141% | $3.4M | $16.4M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 234.34 | +0.128% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 234.32 | +0.120% | $2.4M | $4.5M | 20x | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 234.22 | +0.076% | $5K | $129K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 234.28 | +0.103% | $1K | $1.7M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 234.18 | +0.060% | $35K | $48K | 10x | as long as short |
| HTX NBIS-USDTlong | 0.0000% | 8h | 234.04 | long leg | $15K | $60K | 20x | |
| Phemex NBISUSDT | 0.0000% | 8h | 234.35 | +0.132% | $1.6M | $972K | 10x | as long as short |
| QFEX NBIS-USD | +0.0024% | 1h | 234.31 | +0.115% | $1.5M | $4.6M | 10x | as long as short |
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
Phemex NBISUSDT
QFEX NBIS-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NBIS-USD | +0.0040% | 1h | 234.06 | +0.009% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 234.29 | +0.107% | — | $215K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 233.97 | −0.030% | $149K | $453K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 234.12 | +0.034% | $61 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 233.96 | −0.034% | $164K | $498K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0063% | 1h | 234.27 | +0.098% | $54.7M | $20.0M | 10x | as long as short |
| Nado NBIS-PERP | +0.0074% | 1h | 234.06 | +0.007% | $67K | $95K | 3x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0096% | 1h | 234.08 | +0.017% | $24K | $15K | 20x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 234.25 | +0.090% | $483K | $21K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 234.26 | +0.094% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 234.22 | +0.075% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0112% | 1h | 233.89 | −0.064% | $383K | $714K | 10x | as long as short |
| Variational Omni NBIS | +0.0184% | 8h | 234.12 | +0.035% | $2.8M | $571K | — | as long as short |
| Aster NBISUSDT | +0.0191% | 8h | 234.43 | +0.167% | $81K | $314K | 50x | as long as short |
| Binance NBISUSDT | +0.0207% | 8h | 234.30 | +0.111% | $19.2M | $84.9M | 25x | as long as short |
| Extended NBIS-USD | +0.0208% | 1h | 234.29 | +0.106% | $147K | $699K | 10x | as long as short |
| Lighter NBIS | +0.0232% | 1h | 234.36 | +0.137% | $905K | $4.4M | 10x | as long as short |
| Phoenix NBISshort | +0.0306% | 1h | 234.33 | +0.124% | $7K | $152K | 10x | |
| Entropy io:NBIS | +0.0411% | 1h | 234.21 | +0.073% | $10.2M | $3.3M | 10x | as long as short |
| edgeX NBISUSDC | +0.0474% | 4h | 234.10 | +0.028% | $38K | $226K | 10x | as long as short |
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
tradeXYZ xyz:NBIS
Nado NBIS-PERP
Kraken Futures PF_NBISUSD
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
Variational Omni NBIS
Aster NBISUSDT
Binance NBISUSDT
Extended NBIS-USD
Lighter NBIS
Entropy io:NBIS
edgeX NBISUSDC