NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.10 per $10,000 · paid last 24h +0.028%

Price spread now: BloFin against Phemex−0.039%59s7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1231.227% of the position

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.128%+$13 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.039%, 7d avg +0.002%

Together, before fees+0.146%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.041% cheaper against Phemex than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.002%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.128%, so the current rate has only just turned against you. The two prices were read 59 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	Phemex NBISUSDT	233.76	0	get 0.0000% / 8h	3h 39m	$1.6M	$954K	10x
Short	BloFin NBIS-USDT	233.67	−0.0010	pay 0.0010% / 8h	3h 39m	$206K	$205K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$2.07
Price spread: −0.039% → +0.002%: −$4.08
Slippage, 4 orders: −$98.74
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$128.89
Costs to cover: 1.227%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; BloFin: live order book, 51 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, 3 min ago	4.48 bp	53.1 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 51 min ago	0.85 bp	8.8 bp −$9	20.9 bp −$209	doesn't fit	doesn't fit

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
BloFin NBIS-USDTshort	−0.0010%	8h	233.67	−0.039%	$206K	$205K	20x
Aster NBISUSDT	0.0000%	8h	233.97	+0.089%	$78K	$310K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	233.62	−0.062%	$147K	$699K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	233.71	−0.021%	$19.2M	$84.6M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	233.72	−0.017%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.64	−0.051%	$3.4M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.73	−0.013%	$2.7M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.68	−0.034%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	233.67	−0.037%	$2.9M	$556K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.45	+0.295%	$4K	$120K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	233.70	−0.026%	$848	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	233.62	−0.060%	$35K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.10	+0.145%	$15K	$60K	20x	as long as short
Phemex NBISUSDTlong	0.0000%	8h	233.76	long leg	$1.6M	$954K	10x
Nado NBIS-PERP	+0.0028%	1h	233.62	−0.061%	$38K	$115K	3x	as long as short
QFEX NBIS-USD	+0.0034%	1h	233.81	+0.021%	$1.5M	$4.0M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.87	+0.047%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.99	+0.098%	—	$216K	5x	as long as short
Kraken Futures PF_NBISUSD	+0.0049%	1h	233.53	−0.099%	$23K	$15K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	233.60	−0.068%	$54.5M	$20.0M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.68	−0.034%	$147K	$456K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.70	−0.026%	$79	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.98	+0.094%	$160K	$502K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.66	−0.043%	$481K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.72	−0.017%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.67	−0.038%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	235.56	+0.770%	$389K	$724K	10x	as long as short
Lighter NBIS	+0.0216%	1h	233.77	+0.004%	$912K	$3.9M	10x	as long as short
Phoenix NBIS	+0.0239%	1h	234.36	+0.257%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0299%	1h	233.88	+0.051%	$10.2M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0607%	4h	234.16	+0.170%	$38K	$225K	10x	as long as short