NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0166%/8h= +18.1% APRnext payment +$0.21 per $10,000 · paid last 24h +0.037%

Price spread now: Phoenix against Nado+0.048%57s7-day average — · you sell dearer than you buy

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

Long on Nado Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.048% dearer against Nado than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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	Nado NBIS-PERP	233.31	0.0140	pay 0.0017% / 1h	36m 30s	$67K	$94K	3x
Short	Phoenix NBIS	233.42	0.0306	get 0.0038% / 1h	36m 30s	$7K	$152K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.048%Rate

Funding earned: $34.79
Price spread: +0.048% → 0.000%: $4.79
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $25.58
Costs to cover: 0.140%
Break-even: 1.9 days

Slippage unknown: Nado: no order-book sample; Phoenix: live order book, 25 min ago. 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 Nado no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 25 min ago	5.09 bp	15.1 bp −$15	32.4 bp −$324	doesn't fit	doesn't fit

Nado: 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
Bybit NBISUSDT	0.0000%	8h	233.52	+0.091%	$5.1M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.59	+0.121%	$3.4M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.43	+0.052%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.62	+0.134%	$2.4M	$4.5M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.36	+0.022%	$996	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	233.25	−0.025%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.40	+0.039%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.44	+0.056%	$1.6M	$972K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0016%	8h	233.46	+0.067%	$5K	$129K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	233.49	+0.078%	$1.5M	$4.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USD	+0.0040%	1h	233.33	+0.009%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.54	+0.099%	—	$226K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.46	+0.065%	$148K	$456K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.40	+0.039%	$89	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.49	+0.078%	$163K	$499K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	233.31	+0.001%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.38	+0.031%	$481K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.42	+0.048%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.35	+0.016%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0109%	1h	233.47	+0.069%	$54.7M	$20.0M	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+1.175%	$386K	$721K	10x	as long as short
Nado NBIS-PERPlong	+0.0140%	1h	233.31	long leg	$67K	$94K	3x
Aster NBISUSDT	+0.0213%	8h	233.60	+0.126%	$81K	$314K	50x	as long as short
Variational Omni NBIS	+0.0223%	8h	233.46	+0.065%	$2.8M	$570K	—	as long as short
Binance NBISUSDT	+0.0232%	8h	233.45	+0.060%	$19.2M	$85.0M	25x	as long as short
Extended NBIS-USD	+0.0232%	1h	233.38	+0.029%	$150K	$705K	10x	as long as short
BloFin NBIS-USDT	+0.0234%	8h	234.04	+0.314%	$207K	$209K	20x	as long as short
Lighter NBIS	+0.0280%	1h	233.45	+0.061%	$901K	$4.4M	10x	as long as short
Phoenix NBISshort	+0.0306%	1h	233.42	+0.048%	$7K	$152K	10x
Entropy io:NBIS	+0.0353%	1h	233.48	+0.074%	$10.1M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0636%	4h	233.36	+0.023%	$37K	$226K	10x	as long as short