NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.04 per $10,000 · paid last 24h −0.021%

Price spread now: Nado against Lighter−0.364%47s7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$710.709% of the position

Long on Lighter Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.086%−$9 on $10k

Price spread, last 4 days (all we have)+0.431%+$43 · spread now −0.364%, 7d avg −0.070%

Together, before fees+0.345%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board+$34 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.294% cheaper against Lighter than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.070%). Swap the legs. The two prices were read 47 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	Lighter NBIS	229.35	0.0104	pay 0.0013% / 1h	20m 28s	$900K	$4.1M	10x
Short	Nado NBIS-PERP	228.51	0.0070	get 0.0009% / 1h	20m 28s	$38K	$116K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.364%Rate

Funding earned: −$7.05
Price spread: −0.364% → −0.070%: −$29.37
Slippage, 4 orders: −$63.87
Fee Lighter: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$107.29
Costs to cover: 0.709%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; Nado: live order book, 8 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 Lighter live order book, 7 min ago	1.76 bp	1.9 bp −$2	13.0 bp −$130	242.1 bp −$24.2K	doesn't fit
Sell Nado live order book, 8 min ago	12.56 bp	36.8 bp −$37	141.4 bp −$1,414	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	−0.0198%	8h	229.36	+0.004%	$2.3M	$4.6M	20x	as long as short
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	226.87	−1.081%	$352K	$801K	10x	as long as short
Aster NBISUSDT	0.0000%	8h	228.77	−0.255%	$73K	$320K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	229.37	+0.011%	$143K	$859K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	229.40	+0.022%	$18.4M	$89.7M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	229.44	+0.039%	$4.8M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	229.33	−0.009%	$3.2M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	229.26	−0.039%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	229.38	+0.014%	$2.8M	$597K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	228.55	−0.348%	$4K	$113K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	229.11	−0.105%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	228.88	−0.205%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	229.10	−0.109%	$1.5M	$971K	10x	as long as short
BloFin NBIS-USDT	+0.0015%	8h	229.14	−0.092%	$202K	$213K	20x	as long as short
edgeX NBISUSDC	+0.0030%	4h	228.53	−0.357%	$37K	$227K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	229.44	+0.039%	$42K	$124K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	229.27	−0.035%	—	$246K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	229.20	−0.065%	$136K	$466K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	229.31	−0.017%	$147K	$534K	10x	as long as short
QFEX NBIS-USD	+0.0064%	1h	229.41	+0.026%	$1.5M	$3.7M	10x	as long as short
Nado NBIS-PERPshort	+0.0070%	1h	228.51	−0.364%	$38K	$116K	3x
KuCoin NBISUSDTM	+0.0100%	8h	229.04	−0.135%	$471K	$75K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	228.85	−0.218%	$2K	$3K	10x	as long as short
Lighter NBISlong	+0.0104%	1h	229.35	long leg	$900K	$4.1M	10x
Aevo NBIS-PERP	+0.0104%	1h	228.83	−0.228%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0108%	1h	229.37	+0.009%	$53.5M	$21.6M	10x	as long as short
SoDEX NBIS-USD	+0.0143%	1h	228.85	−0.218%	$69	$20K	10x	as long as short
Phoenix NBIS	+0.0277%	1h	227.46	−0.824%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0312%	1h	228.77	−0.253%	$10.0M	$3.1M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0624%	1h	229.13	−0.096%	$34K	$49K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0682%	1h	228.81	−0.237%	$22K	$16K	20x	as long as short