Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Phemex against Orderly+0.068%7-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. Phemex is 0.068% dearer against Orderly than usual: you sell high and buy low (spread +0.068% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_NBIS_USDC_mythos | 235.54 | 0.0100 | pay 0.0100% / 8h | 7h 22m | $2K | $3K | 10x |
| Short | Phemex NBISUSDT | 235.70 | 0 | get 0.0000% / 8h | 7h 22m | $1.6M | $973K | 10x |
Orderly PERP_NBIS_USDC_mythos
Phemex NBISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: +0.068% → 0.000%
- $6.79
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$32.21
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Phemex: 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 Phemex live order book, 1 min ago | 4.03 bp | 44.8 bp −$45 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NBISUSD | −0.0178% | 1h | 235.62 | +0.033% | $24K | $15K | 20x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 235.58 | +0.017% | $3.4M | $16.8M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 235.69 | +0.064% | $2.8M | $5.1M | 50x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 235.91 | +0.157% | $1K | $1.7M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 235.58 | +0.017% | $15K | $112K | 20x | as long as short |
| Phemex NBISUSDTshort | 0.0000% | 8h | 235.70 | +0.068% | $1.6M | $973K | 10x | |
| Coinbase International NBIS-PERP-INTX | +0.0016% | 1h | 236.05 | +0.217% | $386K | $739K | 10x | as long as short |
| QFEX NBIS-USD | +0.0038% | 1h | 235.69 | +0.064% | $1.5M | $4.9M | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 235.92 | +0.161% | — | $224K | 5x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0047% | 1h | 235.56 | +0.008% | $35K | $48K | 10x | as long as short |
Kraken Futures PF_NBISUSD
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
SunX NBIS-USDT
HTX NBIS-USDT
Coinbase International NBIS-PERP-INTX
QFEX NBIS-USD
Vest NBIS-USD-PERP
Deribit NBIS_USDC-PERPETUALShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit NBISUSDT | +0.0049% | 8h | 235.69 | +0.064% | $5.1M | $6.5M | 50x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 236.13 | +0.250% | $176K | $505K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 235.44 | −0.042% | $485K | $23K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythoslong | +0.0100% | 8h | 235.54 | long leg | $2K | $3K | 10x | |
| Aevo NBIS-PERP | +0.0104% | 1h | 235.56 | +0.009% | — | — | 10x | as long as short |
| Bitget NBISUSDT | +0.0108% | 8h | 235.63 | +0.038% | $2.5M | $4.6M | 20x | as long as short |
| SoDEX NBIS-USD | +0.0122% | 1h | 235.65 | +0.047% | $47 | $20K | 10x | as long as short |
| Nado NBIS-PERP | +0.0181% | 1h | 235.61 | +0.030% | $31K | $66K | 3x | as long as short |
| edgeX NBISUSDC | +0.0184% | 4h | 235.95 | +0.173% | $38K | $228K | 10x | as long as short |
| Variational Omni NBIS | +0.0240% | 8h | 236.09 | +0.234% | $2.9M | $820K | — | as long as short |
| Aster NBISUSDT | +0.0247% | 8h | 235.79 | +0.104% | $81K | $308K | 50x | as long as short |
| BloFin NBIS-USDT | +0.0255% | 8h | 235.72 | +0.076% | $207K | $211K | 20x | as long as short |
| Binance NBISUSDT | +0.0269% | 8h | 235.65 | +0.045% | $19.6M | $85.6M | 25x | as long as short |
| Extended NBIS-USD | +0.0272% | 1h | 235.60 | +0.024% | $151K | $786K | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0301% | 1h | 235.57 | +0.013% | $138K | $451K | 10x | as long as short |
| Lighter NBIS | +0.0320% | 1h | 235.75 | +0.089% | $925K | $4.5M | 10x | as long as short |
| Arcus NBIS-USD | +0.0366% | 1h | 235.70 | +0.068% | $44K | $132K | 5x | as long as short |
| tradeXYZ xyz:NBIS | +0.0398% | 1h | 235.57 | +0.013% | $55.1M | $23.7M | 10x | as long as short |
| Phoenix NBIS | +0.0409% | 1h | 235.89 | +0.149% | $7K | $163K | 10x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0446% | 8h | 236.00 | +0.195% | $5K | $132K | 10x | as long as short |
| Entropy io:NBIS | +0.0868% | 1h | 235.71 | +0.072% | $10.3M | $3.4M | 10x | as long as short |
Bybit NBISUSDT
Ondo Perps NBIS-USD.P
KuCoin NBISUSDTM
Aevo NBIS-PERP
Bitget NBISUSDT
SoDEX NBIS-USD
Nado NBIS-PERP
edgeX NBISUSDC
Variational Omni NBIS
Aster NBISUSDT
BloFin NBIS-USDT
Binance NBISUSDT
Extended NBIS-USD
Polymarket Perps NBIS-USD
Lighter NBIS
Arcus NBIS-USD
tradeXYZ xyz:NBIS
Phoenix NBIS
GRVT NBIS_USDT_Perp
Entropy io:NBIS