Funding you earn now, next payment 08:00 UTC−0.0227%/8h= −24.8% APRnext payment −$0.28 per $10,000 · paid last 24h −0.079%
Price spread now: Ondo Perps against Phoenix+0.026%48s7-day average −0.125% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.426%−$43 on $10k
+Price spread, last 4 days (all we have)−0.372%−$37 · spread now +0.026%, 7d avg −0.125%
=Together, before fees−0.798%+ Points / potential airdropOndo Perps: Active · farm board−$80 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.151% dearer against Phoenix than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.125%): +$15 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.2 days. The two prices were read 48 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 | Phoenix NBIS | 230.93 | 0.0277 | pay 0.0035% / 1h | 54m 19s | $7K | $127K | 10x |
| Short | Ondo Perps NBIS-USD.P | 230.99 | 0.0050 | get 0.0006% / 1h | 54m 19s | $149K | $538K | 10x |
Phoenix NBIS
Ondo Perps NBIS-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Phoenix. 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
- −$47.57
- Price spread: +0.026% → −0.125%
- $15.06
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$44.51
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 31 min ago; Ondo Perps: no order-book sample. Net counts fees only.
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, 31 min ago | 5.27 bp | 15.5 bp −$15 | 33.4 bp −$334 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0041% | 8h | 230.30 | −0.273% | $2.3M | $4.7M | 20x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 230.49 | −0.191% | $3.2M | $16.4M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 230.41 | −0.225% | $2.7M | $5.0M | 50x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 230.47 | −0.199% | $1K | $1.6M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 230.25 | −0.294% | $34K | $50K | 10x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 230.45 | −0.208% | $1.6M | $971K | 10x | as long as short |
| Variational Omni NBIS | +0.0011% | 8h | 231.16 | +0.100% | $2.8M | $639K | — | as long as short |
| Aster NBISUSDT | +0.0028% | 8h | 230.63 | −0.129% | $74K | $320K | 50x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 230.51 | −0.182% | — | $246K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 230.32 | −0.264% | $137K | $467K | 10x | as long as short |
Bitget NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
Phemex NBISUSDT
Variational Omni NBIS
Aster NBISUSDT
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX NBIS-USD | +0.0050% | 1h | 230.41 | −0.225% | $74 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.Pshort | +0.0050% | 1h | 230.99 | +0.026% | $149K | $538K | 10x | |
| QFEX NBIS-USD | +0.0054% | 1h | 230.40 | −0.230% | $1.5M | $3.7M | 10x | as long as short |
| BloFin NBIS-USDT | +0.0058% | 8h | 230.56 | −0.160% | $201K | $215K | 20x | as long as short |
| Extended NBIS-USD | +0.0064% | 1h | 230.37 | −0.242% | $145K | $856K | 10x | as long as short |
| Binance NBISUSDT | +0.0064% | 8h | 230.47 | −0.199% | $18.7M | $90.8M | 25x | as long as short |
| Nado NBIS-PERP | +0.0069% | 1h | 230.36 | −0.247% | $38K | $116K | 3x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0088% | 1h | 230.31 | −0.268% | $380K | $867K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 230.47 | −0.199% | $467K | $107K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 230.62 | −0.134% | $2K | $3K | 10x | as long as short |
| HTX NBIS-USDT | +0.0102% | 8h | 230.95 | +0.009% | $13K | $62K | 20x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 230.55 | −0.166% | — | — | 10x | as long as short |
| Bybit NBISUSDT | +0.0146% | 8h | 230.37 | −0.242% | $4.9M | $6.8M | 50x | as long as short |
| tradeXYZ xyz:NBIS | +0.0242% | 1h | 230.37 | −0.242% | $54.1M | $21.8M | 10x | as long as short |
| Arcus NBIS-USD | +0.0257% | 1h | 230.38 | −0.238% | $42K | $124K | 5x | as long as short |
| Phoenix NBISlong | +0.0277% | 1h | 230.93 | long leg | $7K | $127K | 10x | |
| Lighter NBIS | +0.0280% | 1h | 230.53 | −0.173% | $925K | $4.0M | 10x | as long as short |
| Entropy io:NBIS | +0.0681% | 1h | 230.57 | −0.156% | $10.1M | $3.2M | 10x | as long as short |
| edgeX NBISUSDC | +0.0719% | 4h | 231.07 | +0.061% | $37K | $226K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0771% | 1h | 230.34 | −0.254% | $22K | $16K | 20x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0822% | 8h | 231.19 | +0.113% | $5K | $114K | 10x | as long as short |
SoDEX NBIS-USD
QFEX NBIS-USD
BloFin NBIS-USDT
Extended NBIS-USD
Binance NBISUSDT
Nado NBIS-PERP
Coinbase International NBIS-PERP-INTX
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
HTX NBIS-USDT
Aevo NBIS-PERP
Bybit NBISUSDT
tradeXYZ xyz:NBIS
Arcus NBIS-USD
Lighter NBIS
Entropy io:NBIS
edgeX NBISUSDC
Kraken Futures PF_NBISUSD
GRVT NBIS_USDT_Perp