Funding you earn now, next payment 00:00 UTC+0.0490%/8h= +53.7% APRpaid last 24h +0.133%
Price spread now: Entropy against Phemex+0.004%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1281.277% of the position
Funding, last 7 days+0.651%+$65 on $10k
+Price spread, last 3 days (all we have)+0.033%+$3 · spread now +0.004%, 7d avg +0.087%
=Funding pays, the price is against you. Entropy is 0.083% cheaper against Phemex than usual: you would sell low and buy high (spread +0.004% now, against its 7-day average of +0.087%). If the spread goes back, that is −$8 on $10k: about 14 hours of funding at the current rate (+$15 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NBISUSDT | 234.92 | 0 | get 0.0000% / 8h | 14m 19s | $1.6M | $975K | 10x |
| Short | Entropy io:NBIS | 234.93 | 0.0490 | get 0.0061% / 1h | 14m 19s | $10.3M | $3.4M | 10x |
Phemex NBISUSDT
Entropy io:NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against Phemex. 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
- $103
- Price spread: +0.004% → +0.087%
- −$8.32
- Slippage, 4 orders
- −$97.7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$33.02
- Costs to cover
- 1.277%
- Break-even
- 9.2 days
Slippage from Phemex: live order book, 4 min ago; Entropy: live order book, 3 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 | 1.91 bp | 48.5 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Entropy live order book, 3 min ago | 1.06 bp | 13.0 bp −$13 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit NBISUSDT | 0.0000% | 8h | 234.88 | −0.017% | $5.2M | $6.5M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 234.93 | +0.004% | $3.4M | $17.1M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 234.89 | −0.013% | $2.8M | $5.3M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 234.86 | −0.026% | $2.5M | $4.8M | 20x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 235.04 | +0.051% | $1K | $1.8M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 234.77 | −0.064% | $35K | $48K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | 0.0000% | 1h | 234.81 | −0.047% | $360K | $679K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 235.07 | +0.064% | $15K | $115K | 20x | as long as short |
| Phemex NBISUSDTlong | 0.0000% | 8h | 234.92 | long leg | $1.6M | $975K | 10x | |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 235.12 | +0.085% | — | $234K | 5x | as long as short |
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
Coinbase International NBIS-PERP-INTX
HTX NBIS-USDT
Vest NBIS-USD-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 234.95 | +0.013% | $142K | $738K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 234.88 | −0.017% | $28 | $20K | 10x | as long as short |
| QFEX NBIS-USD | +0.0051% | 1h | 234.84 | −0.034% | $1.5M | $5.2M | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0061% | 1h | 234.98 | +0.026% | $174K | $499K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 234.77 | −0.064% | $484K | $25K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 234.90 | −0.009% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 234.93 | +0.004% | — | — | 10x | as long as short |
| Nado NBIS-PERP | +0.0197% | 1h | 234.88 | −0.015% | $28K | $63K | 3x | as long as short |
| Variational Omni NBIS | +0.0221% | 8h | 235.11 | +0.079% | $2.9M | $822K | — | as long as short |
| Aster NBISUSDT | +0.0235% | 8h | 235.18 | +0.112% | $81K | $308K | 50x | as long as short |
| BloFin NBIS-USDT | +0.0247% | 8h | 234.93 | +0.004% | $206K | $214K | 20x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0248% | 1h | 234.60 | −0.136% | $24K | $15K | 20x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0249% | 8h | 235.06 | +0.058% | $5K | $138K | 10x | as long as short |
| Binance NBISUSDT | +0.0253% | 8h | 234.87 | −0.021% | $19.4M | $86.5M | 25x | as long as short |
| Extended NBIS-USD | +0.0256% | 1h | 234.83 | −0.040% | $139K | $703K | 10x | as long as short |
| Arcus NBIS-USD | +0.0269% | 1h | 234.94 | +0.009% | $44K | $134K | 5x | as long as short |
| tradeXYZ xyz:NBIS | +0.0305% | 1h | 234.95 | +0.013% | $54.8M | $23.4M | 10x | as long as short |
| Lighter NBIS | +0.0368% | 1h | 235.00 | +0.034% | $930K | $4.6M | 10x | as long as short |
| Phoenix NBIS | +0.0376% | 1h | 235.07 | +0.064% | $7K | $163K | 10x | as long as short |
| Entropy io:NBISshort | +0.0490% | 1h | 234.93 | +0.004% | $10.3M | $3.4M | 10x | |
| edgeX NBISUSDC | +0.0874% | 4h | 235.04 | +0.051% | $38K | $236K | 10x | as long as short |
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
QFEX NBIS-USD
Ondo Perps NBIS-USD.P
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Nado NBIS-PERP
Variational Omni NBIS
Aster NBISUSDT
BloFin NBIS-USDT
Kraken Futures PF_NBISUSD
GRVT NBIS_USDT_Perp
Binance NBISUSDT
Extended NBIS-USD
Arcus NBIS-USD
tradeXYZ xyz:NBIS
Lighter NBIS
Phoenix NBIS
edgeX NBISUSDC