Funding you earn now, next payment 08:00 UTC+0.0227%/8h= +24.8% APRnext payment +$0.28 per $10,000 · paid last 24h +0.079%
Price spread now: Phoenix against Ondo Perps−0.026%48s7-day average +0.125% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.426%+$43 on $10k
+Price spread, last 4 days (all we have)+0.372%+$37 · spread now −0.026%, 7d avg +0.125%
=Together, before fees+0.798%+ Points / potential airdropOndo Perps: Active · farm board+$80 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.151% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.125%). If the spread goes back, that is −$15 on $10k: about 2.2 days of funding at the current rate (+$7 a day). The two prices were read 48 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 | Ondo Perps NBIS-USD.P | 230.99 | 0.0050 | pay 0.0006% / 1h | 54m 20s | $149K | $538K | 10x |
| Short | Phoenix NBIS | 230.93 | 0.0277 | get 0.0035% / 1h | 54m 20s | $7K | $127K | 10x |
Ondo Perps NBIS-USD.P
Phoenix NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Ondo Perps. 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
- $47.57
- Price spread: −0.026% → +0.125%
- −$15.06
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $20.51
- Costs to cover
- 0.120%
- Break-even
- 4.0 days
Slippage unknown: Ondo Perps: no order-book sample; Phoenix: live order book, 31 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 31 min ago | 5.27 bp | 15.5 bp −$15 | 33.4 bp −$334 | doesn't fit | doesn't fit |
Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget NBISUSDT | −0.0041% | 8h | 230.29 | −0.303% | $2.3M | $4.7M | 20x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 230.35 | −0.277% | $3.2M | $16.4M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 230.41 | −0.251% | $2.7M | $5.0M | 50x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 231.17 | +0.078% | $1K | $1.6M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 230.42 | −0.247% | $34K | $50K | 10x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 230.45 | −0.234% | $1.6M | $971K | 10x | as long as short |
| Variational Omni NBIS | +0.0011% | 8h | 231.16 | +0.074% | $2.8M | $639K | — | as long as short |
| Aster NBISUSDT | +0.0028% | 8h | 230.63 | −0.154% | $74K | $320K | 50x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 230.51 | −0.208% | — | $246K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 230.32 | −0.290% | $137K | $467K | 10x | as long as short |
Bitget NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
Phemex NBISUSDT
Variational Omni NBIS
Aster NBISUSDT
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps NBIS-USD.Plong | +0.0050% | 1h | 230.99 | long leg | $149K | $538K | 10x | |
| QFEX NBIS-USD | +0.0054% | 1h | 230.40 | −0.255% | $1.5M | $3.7M | 10x | as long as short |
| BloFin NBIS-USDT | +0.0058% | 8h | 230.56 | −0.186% | $201K | $215K | 20x | as long as short |
| Extended NBIS-USD | +0.0064% | 1h | 230.38 | −0.264% | $145K | $856K | 10x | as long as short |
| Binance NBISUSDT | +0.0064% | 8h | 230.44 | −0.238% | $18.7M | $90.8M | 25x | as long as short |
| Nado NBIS-PERP | +0.0069% | 1h | 230.36 | −0.273% | $38K | $116K | 3x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0088% | 1h | 230.78 | −0.091% | $382K | $869K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 230.47 | −0.225% | $467K | $107K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 230.62 | −0.160% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 231.08 | +0.040% | — | — | 10x | as long as short |
| Bybit NBISUSDT | +0.0146% | 8h | 230.42 | −0.247% | $4.9M | $6.8M | 50x | as long as short |
| HTX NBIS-USDT | +0.0157% | 8h | 230.95 | −0.017% | $13K | $62K | 20x | as long as short |
| SoDEX NBIS-USD | +0.0209% | 1h | 230.54 | −0.195% | $74 | $20K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0242% | 1h | 230.37 | −0.268% | $54.1M | $21.8M | 10x | as long as short |
| Arcus NBIS-USD | +0.0257% | 1h | 230.38 | −0.264% | $42K | $124K | 5x | as long as short |
| Phoenix NBISshort | +0.0277% | 1h | 230.93 | −0.026% | $7K | $127K | 10x | |
| Lighter NBIS | +0.0296% | 1h | 230.48 | −0.221% | $925K | $4.0M | 10x | as long as short |
| Entropy io:NBIS | +0.0681% | 1h | 230.57 | −0.182% | $10.1M | $3.2M | 10x | as long as short |
| edgeX NBISUSDC | +0.0719% | 4h | 231.07 | +0.035% | $37K | $226K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0771% | 1h | 230.52 | −0.203% | $22K | $16K | 20x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0822% | 8h | 231.19 | +0.087% | $5K | $114K | 10x | as long as short |
QFEX NBIS-USD
BloFin NBIS-USDT
Extended NBIS-USD
Binance NBISUSDT
Nado NBIS-PERP
Coinbase International NBIS-PERP-INTX
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Bybit NBISUSDT
HTX NBIS-USDT
SoDEX NBIS-USD
tradeXYZ xyz:NBIS
Arcus NBIS-USD
Lighter NBIS
Entropy io:NBIS
edgeX NBISUSDC
Kraken Futures PF_NBISUSD
GRVT NBIS_USDT_Perp