Funding you earn now, next payment 04:00 UTC−0.0130%/8h= −14.3% APRnext payment −$0.16 per $10,000 · paid last 24h −0.087%
Price spread now: Vest against Lighter+0.055%46s7-day average +0.410% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.131%−$13 on $10k
+Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.055%, 7d avg +0.410%
=Together, before fees−0.085%+ Points / potential airdropLighter: Season 3 · Vest: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Vest is 0.355% cheaper against Lighter than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.410%). Swap the legs. The two prices were read 46 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 | 235.52 | 0.0176 | pay 0.0022% / 1h | 7m 44s | $904K | $4.1M | 10x |
| Short | Vest NBIS-USD-PERP | 235.65 | 0.0046 | get 0.0006% / 1h | 7m 44s | — | $216K | 5x |
Lighter NBIS
Vest NBIS-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest against Lighter. 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
- −$27.37
- Price spread: +0.055% → +0.410%
- −$35.47
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$64.84
- Costs to cover
- 0.020%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 5 min ago; Vest: 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 Vest no order-book sample | — | — | — | — | — |
Vest: 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 | 235.30 | −0.095% | $38K | $115K | 3x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 235.49 | −0.013% | $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 |
Nado NBIS-PERP
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
Variational Omni NBIS
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDTShow 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 | 235.29 | −0.098% | $1.5M | $4.1M | 10x | as long as short |
| Extended NBIS-USD | +0.0040% | 1h | 235.34 | −0.078% | $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-PERPshort | +0.0046% | 1h | 235.65 | +0.055% | — | $216K | 5x | |
| 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_NBISUSD | +0.0477% | 1h | 235.34 | −0.075% | $24K | $15K | 20x | as long as short |
Phemex NBISUSDT
BloFin NBIS-USDT
Aster NBISUSDT
Binance NBISUSDT
QFEX NBIS-USD
Extended NBIS-USD
Arcus NBIS-USD
tradeXYZ xyz:NBIS
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Coinbase International NBIS-PERP-INTX
edgeX NBISUSDC
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Phoenix NBIS
Entropy io:NBIS
Kraken Futures PF_NBISUSD