NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0301%/8h= +32.9% APRnext payment +$0.38 per $10,000 · paid last 24h −0.010%

Price spread now: Kraken Futures against Lighter−0.075%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Kraken Futures is 0.075% cheaper against Lighter than usual: you would sell low and buy high (spread −0.075% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 20 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NBIS	235.52	0.0176	pay 0.0022% / 1h	7m 38s	$904K	$4.1M	10x
Short	Kraken Futures PF_NBISUSD	235.34	0.0477	get 0.0060% / 1h	7m 38s	$24K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Lighter. 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 LighterbpFee Kraken FuturesbpOrdersPrice spread, now −0.075%Rate

Funding earned: $63.14
Price spread: −0.075% → 0.000%: −$7.46
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $45.68
Costs to cover: 0.100%
Break-even: 1.9 days

Slippage unknown: Lighter: live order book, 5 min ago; Kraken Futures: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 5 min ago	0.43 bp	0.6 bp −$1	3.2 bp −$32	67.6 bp −$6,755	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado NBIS-PERP	−0.0052%	1h	235.42	−0.044%	$38K	$115K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.48	−0.017%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.42	−0.042%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.40	−0.051%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	235.38	−0.059%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	235.40	−0.050%	$2.9M	$561K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	235.47	−0.022%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.37	−0.064%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.28	−0.102%	$35K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.32	−0.085%	$15K	$60K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NBISUSDT	0.0000%	8h	235.43	−0.038%	$1.6M	$955K	10x	as long as short
BloFin NBIS-USDT	+0.0030%	8h	235.40	−0.051%	$207K	$205K	20x	as long as short
Aster NBISUSDT	+0.0035%	8h	235.33	−0.083%	$79K	$310K	50x	as long as short
Binance NBISUSDT	+0.0038%	8h	235.44	−0.034%	$19.4M	$84.5M	25x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.34	−0.076%	$1.5M	$4.1M	10x	as long as short
Extended NBIS-USD	+0.0040%	1h	235.38	−0.060%	$150K	$701K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	235.24	−0.119%	$43K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.63	+0.047%	—	$216K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	235.36	−0.068%	$54.9M	$19.9M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	235.31	−0.089%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.41	−0.047%	$71	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.30	−0.093%	$161K	$502K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	235.56	+0.017%	$389K	$724K	10x	as long as short
edgeX NBISUSDC	+0.0074%	4h	235.41	−0.046%	$38K	$226K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	235.17	−0.149%	$484K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.44	−0.034%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.38	−0.057%	—	—	10x	as long as short
Lighter NBISlong	+0.0176%	1h	235.52	long leg	$904K	$4.1M	10x
Phoenix NBIS	+0.0272%	1h	235.58	+0.025%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0425%	1h	235.33	−0.081%	$10.2M	$3.2M	10x	as long as short
Kraken Futures PF_NBISUSDshort	+0.0477%	1h	235.34	−0.075%	$24K	$15K	20x