Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.001%
Price spread now: Binance against Orderly+0.041%49s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Binance is 0.041% dearer against Orderly than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 33 hours. The two prices were read 49 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 | Orderly PERP_NBIS_USDC_mythos | 230.24 | 0.0100 | pay 0.0100% / 8h | 2h 26m | $2K | $3K | 10x |
| Short | Binance NBISUSDT | 230.33 | 0 | get 0.0000% / 8h | 2h 26m | $18.4M | $86.6M | 25x |
Orderly PERP_NBIS_USDC_mythos
Binance NBISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Orderly. 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
- −$21
- Price spread: +0.041% → 0.000%
- $4.11
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$32.89
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 1 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 1 min ago | 0.43 bp | 9.3 bp −$9 | 27.0 bp −$270 | 97.2 bp −$9,724 | doesn't fit |
Orderly: 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 | −0.0460% | 8h | 230.36 | +0.052% | $2.3M | $4.6M | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 230.32 | +0.036% | $84K | $311K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 230.24 | 0.000% | $146K | $757K | 10x | as long as short |
| Binance NBISUSDTshort | 0.0000% | 8h | 230.33 | +0.041% | $18.4M | $86.6M | 25x | |
| Bybit NBISUSDT | 0.0000% | 8h | 230.21 | −0.013% | $4.9M | $6.4M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 230.22 | −0.009% | $3.3M | $16.0M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 230.42 | +0.078% | $2.7M | $5.1M | 50x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 230.59 | +0.152% | $2.9M | $555K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 230.84 | +0.260% | $5K | $118K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 230.61 | +0.161% | $759 | $1.6M | 10x | as long as short |
Bitget NBISUSDT
Aster NBISUSDT
Extended NBIS-USD
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Variational Omni NBIS
GRVT NBIS_USDT_Perp
SunX NBIS-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 230.22 | −0.009% | $34K | $49K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 230.52 | +0.122% | $15K | $61K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 230.43 | +0.083% | $1.6M | $955K | 10x | as long as short |
| Nado NBIS-PERP | +0.0009% | 1h | 230.12 | −0.052% | $37K | $115K | 3x | as long as short |
| BloFin NBIS-USDT | +0.0026% | 8h | 230.62 | +0.165% | $205K | $204K | 20x | as long as short |
| QFEX NBIS-USD | +0.0029% | 1h | 230.25 | +0.004% | $1.5M | $3.9M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 230.42 | +0.078% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 230.17 | −0.030% | — | $220K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 230.19 | −0.022% | $137K | $473K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 230.35 | +0.048% | $97 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 230.21 | −0.013% | $152K | $531K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0059% | 1h | 230.20 | −0.017% | $53.5M | $20.5M | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 230.19 | −0.022% | $474K | $20K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythoslong | +0.0100% | 8h | 230.24 | long leg | $2K | $3K | 10x | |
| Aevo NBIS-PERP | +0.0104% | 1h | 230.28 | +0.017% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0168% | 1h | 230.62 | +0.165% | $353K | $792K | 10x | as long as short |
| Lighter NBIS | +0.0208% | 1h | 230.24 | 0.000% | $921K | $4.0M | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0224% | 1h | 230.21 | −0.011% | $23K | $15K | 20x | as long as short |
| Phoenix NBIS | +0.0242% | 1h | 231.01 | +0.334% | $7K | $150K | 10x | as long as short |
| Entropy io:NBIS | +0.0292% | 1h | 230.43 | +0.083% | $10.0M | $3.2M | 10x | as long as short |
| edgeX NBISUSDC | +0.0884% | 4h | 230.81 | +0.249% | $37K | $225K | 10x | as long as short |
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Phemex NBISUSDT
Nado NBIS-PERP
BloFin NBIS-USDT
QFEX NBIS-USD
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
tradeXYZ xyz:NBIS
KuCoin NBISUSDTM
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
Lighter NBIS
Kraken Futures PF_NBISUSD
Phoenix NBIS
Entropy io:NBIS
edgeX NBISUSDC