NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0140%/8h= −15.4% APRnext payment −$0.18 per $10,000 · paid last 24h −0.037%

Price spread now: Nado against Phoenix−0.029%7-day average −0.112% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$970.968% of the position

Long on Phoenix Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.053%−$5 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.029%, 7d avg −0.112%

Together, before fees−0.090%+ Points / potential airdropNado: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.083% dearer against Phoenix than usual: you sell high and buy low (spread −0.029% now, against its 7-day average of −0.112%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 47 hours. At the pace of the last 4 days (−0.053% in total) that is about 5.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NBIS	231.13	0.0312	pay 0.0039% / 1h	35m 03s	$7K	$125K	10x
Short	Nado NBIS-PERP	231.06	0.0171	get 0.0021% / 1h	35m 03s	$38K	$116K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.029%Rate

Funding earned: −$29.47
Price spread: −0.029% → −0.112%: $8.32
Slippage, 4 orders: −$82.82
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$117.97
Costs to cover: 0.968%
Break-even: never at this rate

Slippage from Phoenix: live order book, 61 min ago; Nado: live order book, 63 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, 61 min ago	5.64 bp	17.2 bp −$17	37.6 bp −$376	doesn't fit	doesn't fit
Sell Nado live order book, 63 min ago	10.42 bp	33.1 bp −$33	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
Bitget NBISUSDT	−0.0444%	8h	231.33	+0.087%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.10	−0.013%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.14	+0.005%	$148K	$876K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.23	+0.045%	$18.7M	$87.8M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.28	+0.065%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.17	+0.017%	$3.3M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.41	+0.121%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.17	+0.017%	$2.8M	$594K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.29	+0.069%	$4K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.36	+0.100%	$1K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	231.29	+0.069%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.34	+0.091%	$1.6M	$969K	10x	as long as short
BloFin NBIS-USDT	+0.0028%	8h	231.35	+0.095%	$203K	$209K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.12	−0.004%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.19	+0.026%	$1.5M	$3.8M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.03	−0.043%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.09	−0.017%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.06	−0.030%	$150K	$543K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.320%	$353K	$814K	10x	as long as short
SoDEX NBIS-USD	+0.0091%	1h	231.25	+0.052%	$102	$20K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.00	−0.056%	$476K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.18	+0.022%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.17	+0.016%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0147%	1h	231.10	−0.013%	$54.3M	$21.1M	10x	as long as short
Nado NBIS-PERPshort	+0.0171%	1h	231.06	−0.029%	$38K	$116K	3x
Phoenix NBISlong	+0.0312%	1h	231.13	long leg	$7K	$125K	10x
edgeX NBISUSDC	+0.0332%	4h	231.30	+0.072%	$37K	$227K	10x	as long as short
Lighter NBIS	+0.0368%	1h	231.17	+0.017%	$931K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0429%	1h	231.15	+0.009%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.13	0.000%	$23K	$15K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0746%	1h	231.13	0.000%	$34K	$49K	10x	as long as short