NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.10 per $10,000 · paid last 24h +0.028%

Price spread now: Lighter against Nado+0.013%7-day average +0.069% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$650.648% of the position

Long on Nado Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.085%+$8 on $10k

Price spread, last 4 days (all we have)−0.340%−$34 · spread now +0.013%, 7d avg +0.069%

Together, before fees−0.255%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.056% cheaper against Nado than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.069%). If the spread goes back, that is −$6 on $10k: about 2.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NBIS-PERP	230.99	0.0182	pay 0.0023% / 1h	5m 50s	$38K	$116K	3x
Short	Lighter NBIS	231.02	0.0264	get 0.0033% / 1h	5m 50s	$939K	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Nado. 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 NadobpFee LighterbpOrdersPrice spread, now +0.013%Rate

Funding earned: $17.25
Price spread: +0.013% → +0.069%: −$5.6
Slippage, 4 orders: −$57.78
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$53.13
Costs to cover: 0.648%
Break-even: 28.6 days

Slippage from Nado: live order book, 28 min ago; Lighter: live order book, 7 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 Nado live order book, 28 min ago	11.46 bp	29.3 bp −$29	506.7 bp −$5,067	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	1.30 bp	2.1 bp −$2	2.9 bp −$29	84.5 bp −$8,446	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	−0.0369%	8h	231.14	+0.065%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.18	+0.082%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.02	+0.015%	$144K	$876K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.08	+0.039%	$18.8M	$88.0M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.06	+0.030%	$4.9M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.93	−0.026%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.03	+0.017%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.07	+0.036%	$2.8M	$590K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.93	−0.024%	$4K	$115K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.10	+0.047%	$1K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	231.00	+0.004%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	231.01	+0.008%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.08	+0.039%	$1.6M	$971K	10x	as long as short
BloFin NBIS-USDT	+0.0011%	8h	231.03	+0.017%	$204K	$212K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.87	−0.052%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.01	+0.008%	$1.5M	$3.7M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.90	−0.039%	—	$223K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.95	−0.018%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	231.04	+0.021%	$83	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.97	−0.009%	$150K	$542K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.90	−0.039%	$357K	$811K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.85	−0.061%	$476K	$27K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.08	+0.039%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.03	+0.015%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0118%	1h	231.03	+0.017%	$54.1M	$21.2M	10x	as long as short
Nado NBIS-PERPlong	+0.0182%	1h	230.99	long leg	$38K	$116K	3x
Lighter NBISshort	+0.0264%	1h	231.02	+0.013%	$939K	$4.1M	10x
Phoenix NBIS	+0.0312%	1h	231.04	+0.021%	$7K	$125K	10x	as long as short
edgeX NBISUSDC	+0.0347%	4h	230.92	−0.032%	$37K	$226K	10x	as long as short
Entropy io:NBIS	+0.0408%	1h	231.01	+0.008%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.03	+0.017%	$23K	$15K	20x	as long as short