NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0221%/8h= −24.2% APRnext payment −$0.28 per $10,000 · paid last 24h −0.079%

Price spread now: Extended against Phoenix−0.049%7-day average −0.135% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$560.555% of the position

Long on Phoenix Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.502%−$50 on $10k

Price spread, last 4 days (all we have)−0.237%−$24 · spread now −0.049%, 7d avg −0.135%

Together, before fees−0.739%+ Points / potential airdropExtended: Active · farm board−$74 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.086% dearer against Phoenix than usual: you sell high and buy low (spread −0.049% now, against its 7-day average of −0.135%): +$9 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NBIS	230.93	0.0277	pay 0.0035% / 1h	57m 29s	$7K	$127K	10x
Short	Extended NBIS-USD	230.82	0.0056	get 0.0007% / 1h	57m 29s	$144K	$856K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Phoenix. 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 PhoenixbpFee ExtendedbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$46.39
Price spread: −0.049% → −0.135%: $8.55
Slippage, 4 orders: −$43.55
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$93.38
Costs to cover: 0.555%
Break-even: never at this rate

Slippage from Phoenix: live order book, 28 min ago; Extended: live order book, 36 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 Phoenix live order book, 28 min ago	5.27 bp	15.5 bp −$15	33.4 bp −$334	doesn't fit	doesn't fit
Sell Extended live order book, 36 min ago	1.98 bp	12.4 bp −$12	116.7 bp −$1,167	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
Bitget NBISUSDT	−0.0058%	8h	230.87	−0.026%	$2.3M	$4.6M	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.90	−0.013%	$3.3M	$16.4M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.82	−0.048%	$2.7M	$5.0M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.37	−0.241%	$2.8M	$601K	—	as long as short
SunX NBIS-USDT	0.0000%	8h	230.97	+0.017%	$1K	$1.6M	10x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.92	−0.004%	$1.6M	$971K	10x	as long as short
Aster NBISUSDT	+0.0021%	8h	230.71	−0.095%	$74K	$320K	50x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.90	−0.013%	—	$246K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.90	−0.013%	$137K	$467K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.75	−0.078%	$149K	$536K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit NBIS_USDC-PERPETUAL	+0.0053%	1h	230.83	−0.043%	$34K	$50K	10x	as long as short
QFEX NBIS-USD	+0.0054%	1h	230.91	−0.009%	$1.6M	$3.7M	10x	as long as short
Extended NBIS-USDshort	+0.0056%	1h	230.82	−0.049%	$144K	$856K	10x
BloFin NBIS-USDT	+0.0060%	8h	230.86	−0.030%	$201K	$215K	20x	as long as short
Binance NBISUSDT	+0.0060%	8h	230.88	−0.024%	$18.8M	$90.6M	25x	as long as short
Nado NBIS-PERP	+0.0084%	1h	230.80	−0.057%	$38K	$116K	3x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0088%	1h	230.78	−0.065%	$382K	$869K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.77	−0.069%	$468K	$103K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.90	−0.013%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.90	−0.012%	—	—	10x	as long as short
Bybit NBISUSDT	+0.0196%	8h	230.93	0.000%	$4.9M	$6.8M	50x	as long as short
HTX NBIS-USDT	+0.0199%	8h	230.68	−0.108%	$13K	$62K	20x	as long as short
Arcus NBIS-USD	+0.0257%	1h	230.86	−0.030%	$42K	$124K	5x	as long as short
Phoenix NBISlong	+0.0277%	1h	230.93	long leg	$7K	$127K	10x
edgeX NBISUSDC	+0.0315%	4h	230.90	−0.013%	$37K	$226K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0340%	1h	230.90	−0.013%	$54.2M	$22.0M	10x	as long as short
Lighter NBIS	+0.0344%	1h	231.01	+0.035%	$930K	$4.0M	10x	as long as short
SoDEX NBIS-USD	+0.0438%	1h	230.94	+0.004%	$74	$20K	10x	as long as short
Entropy io:NBIS	+0.0767%	1h	230.69	−0.104%	$10.1M	$3.2M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0769%	1h	231.01	+0.036%	$22K	$16K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0817%	8h	230.41	−0.225%	$5K	$114K	10x	as long as short