Funding you earn now, next payment 05:00 UTC−0.0212%/8h= −23.3% APRnext payment −$0.27 per $10,000 · paid last 24h −0.086%
Price spread now: QFEX against Phoenix−0.146%52s7-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—prices read too far apart to compare
costs, in and out, $10k−$480.478% of the position
Funding, last 4 days (all we have)−0.152%−$15 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.146%, 7d avg −0.112%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and QFEX is 0.035% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.112%). Swap the legs. The two prices were read 52 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 | 232.54 | 0.0242 | pay 0.0030% / 1h | 44m 28s | $7K | $150K | 10x |
| Short | QFEX NBIS-USD | 232.20 | 0.0029 | get 0.0004% / 1h | 44m 28s | $1.5M | $3.9M | 10x |
Phoenix NBIS
QFEX NBIS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$44.62
- Price spread: −0.146% → −0.112%
- −$3.46
- Slippage, 4 orders
- −$30.82
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$95.9
- Costs to cover
- 0.478%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 61 min ago; QFEX: live order book, 4 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 | 5.12 bp | 15.9 bp −$16 | 34.5 bp −$345 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 2.58 bp | 8.0 bp −$8 | 12.4 bp −$124 | 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 | −0.0110% | 8h | 232.19 | −0.151% | $2.3M | $4.5M | 20x | as long as short |
| BloFin NBIS-USDT | −0.0025% | 8h | 232.13 | −0.176% | $205K | $205K | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 232.11 | −0.183% | $83K | $310K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 232.18 | −0.155% | $145K | $753K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 232.19 | −0.151% | $18.8M | $85.6M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 232.11 | −0.185% | $4.9M | $6.4M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 232.02 | −0.224% | $3.3M | $16.0M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 232.25 | −0.125% | $2.7M | $5.0M | 50x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 232.03 | −0.220% | $2.9M | $555K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 232.07 | −0.203% | $5K | $118K | 10x | as long as short |
Bitget NBISUSDT
BloFin NBIS-USDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Variational Omni NBIS
GRVT NBIS_USDT_PerpShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX NBIS-USDT | 0.0000% | 8h | 232.32 | −0.095% | $1K | $1.6M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 232.14 | −0.172% | $34K | $49K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 232.08 | −0.198% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 232.14 | −0.172% | $1.6M | $956K | 10x | as long as short |
| Nado NBIS-PERP | +0.0020% | 1h | 231.92 | −0.266% | $38K | $115K | 3x | as long as short |
| QFEX NBIS-USDshort | +0.0029% | 1h | 232.20 | −0.146% | $1.5M | $3.9M | 10x | |
| Arcus NBIS-USD | +0.0040% | 1h | 232.11 | −0.185% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 232.23 | −0.133% | — | $217K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 231.96 | −0.249% | $142K | $459K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 232.08 | −0.198% | $93 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 232.20 | −0.146% | $160K | $506K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0069% | 1h | 232.13 | −0.176% | $54.1M | $20.2M | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 232.23 | −0.133% | $478K | $20K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 232.19 | −0.151% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 232.13 | −0.177% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0168% | 1h | 232.30 | −0.103% | $361K | $771K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0222% | 1h | 232.09 | −0.194% | $23K | $15K | 20x | as long as short |
| Phoenix NBISlong | +0.0242% | 1h | 232.54 | long leg | $7K | $150K | 10x | |
| edgeX NBISUSDC | +0.0276% | 4h | 232.05 | −0.211% | $37K | $227K | 10x | as long as short |
| Lighter NBIS | +0.0304% | 1h | 232.23 | −0.133% | $929K | $3.9M | 10x | as long as short |
| Entropy io:NBIS | +0.0433% | 1h | 232.28 | −0.112% | $10.1M | $3.2M | 10x | as long as short |
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Phemex NBISUSDT
Nado NBIS-PERP
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
tradeXYZ xyz:NBIS
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
Kraken Futures PF_NBISUSD
edgeX NBISUSDC
Lighter NBIS
Entropy io:NBIS