NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0200%/8h= +21.9% APRnext payment +$2.00 per $10,000 · paid last 24h +0.029%

Price spread now: Binance against Phemex0.000%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1041.039% of the position

Long on Phemex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.137%+$14 on $10k

Price spread, last 2 days (all we have)−0.075%−$8 · spread now 0.000%, 7d avg −0.044%

Together, before fees+0.062%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.044% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.044%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.137% in total (about 7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.00 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NBISUSDT	234.20	0	get 0.0000% / 8h	6h 14m	$1.6M	$972K	10x
Short	Binance NBISUSDT	234.20	0.0200	get 0.0200% / 8h	6h 14m	$19.2M	$84.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Phemex. 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 PhemexbpFee BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $42.07
Price spread: 0.000% → −0.044%: $4.43
Slippage, 4 orders: −$81.89
Fee Phemex: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$57.38
Costs to cover: 1.039%
Break-even: 16.5 days

Slippage from Phemex: live order book, 4 min ago; Binance: live order book, 14 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 Phemex live order book, 4 min ago	2.56 bp	38.6 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.85 bp	8.3 bp −$8	27.3 bp −$273	80.2 bp −$8,017	doesn't fit

NBIS on 30 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	234.24	+0.017%	$5.1M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.21	+0.004%	$3.4M	$16.4M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.21	+0.004%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.24	+0.017%	$2.4M	$4.5M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.07	−0.054%	$5K	$128K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.28	+0.034%	$944	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.02	−0.077%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.32	+0.051%	$15K	$60K	20x	as long as short
Phemex NBISUSDTlong	0.0000%	8h	234.20	long leg	$1.6M	$972K	10x
QFEX NBIS-USD	+0.0024%	1h	234.13	−0.030%	$1.5M	$4.5M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USD	+0.0040%	1h	234.08	−0.051%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.34	+0.060%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.10	−0.043%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.18	−0.009%	$56	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.10	−0.043%	$164K	$498K	10x	as long as short
Nado NBIS-PERP	+0.0065%	1h	234.06	−0.061%	$67K	$95K	3x	as long as short
tradeXYZ xyz:NBIS	+0.0066%	1h	234.13	−0.030%	$54.7M	$20.0M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	234.05	−0.066%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.11	−0.038%	$482K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.15	−0.021%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.14	−0.026%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	233.89	−0.132%	$383K	$714K	10x	as long as short
Variational Omni NBIS	+0.0174%	8h	234.17	−0.012%	$2.8M	$571K	—	as long as short
Aster NBISUSDT	+0.0186%	8h	234.34	+0.061%	$81K	$314K	50x	as long as short
Extended NBIS-USD	+0.0200%	1h	234.10	−0.041%	$147K	$699K	10x	as long as short
Binance NBISUSDTshort	+0.0200%	8h	234.20	0.000%	$19.2M	$84.8M	25x
Lighter NBIS	+0.0232%	1h	234.19	−0.004%	$904K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	234.27	+0.030%	$7K	$152K	10x	as long as short
Entropy io:NBIS	+0.0405%	1h	234.18	−0.009%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0978%	4h	234.03	−0.073%	$38K	$227K	10x	as long as short