Funding you earn now, next payment 01:00 UTC−0.0240%/8h= −26.3% APRnext payment −$0.30 per $10,000 · paid last 24h −0.026%
Price spread now: tradeXYZ against Phoenix−0.124%7-day average −0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$520.516% of the position
Funding, last 7 days−0.280%−$28 on $10k
+Price spread, last 4 days (all we have)−0.350%−$35 · spread now −0.124%, 7d avg −0.101%
=Together, before fees−0.630%+ Points / potential airdroptradeXYZ: Active · farm board−$63 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and tradeXYZ is 0.023% cheaper against Phoenix than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.101%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NBIS | 234.27 | 0.0306 | pay 0.0038% / 1h | 13m 10s | $7K | $152K | 10x |
| Short | tradeXYZ xyz:NBIS | 233.98 | 0.0066 | get 0.0008% / 1h | 13m 10s | $54.6M | $20.0M | 10x |
Phoenix NBIS
tradeXYZ xyz:NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$50.36
- Price spread: −0.124% → −0.101%
- −$2.27
- Slippage, 4 orders
- −$26.61
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$104.24
- Costs to cover
- 0.516%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 48 min ago; tradeXYZ: live order book, 6 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, 48 min ago | 5.09 bp | 15.1 bp −$15 | 32.3 bp −$323 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 0.43 bp | 10.6 bp −$11 | 14.6 bp −$146 | doesn't fit | doesn't fit |
NBIS on 30 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 | 234.02 | −0.107% | $5.0M | $6.3M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 234.01 | −0.111% | $3.4M | $16.4M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 234.04 | −0.098% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 233.99 | −0.120% | $2.4M | $4.5M | 20x | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 234.17 | −0.043% | $5K | $128K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 234.19 | −0.034% | $1K | $1.7M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 233.90 | −0.158% | $35K | $48K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 234.32 | +0.021% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 234.01 | −0.111% | $1.6M | $972K | 10x | as long as short |
| QFEX NBIS-USD | +0.0024% | 1h | 234.08 | −0.081% | $1.5M | $4.5M | 10x | as long as short |
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Phemex NBISUSDT
QFEX NBIS-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NBIS-USD | +0.0040% | 1h | 234.08 | −0.081% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 234.24 | −0.013% | — | $215K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 233.94 | −0.141% | $149K | $453K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 234.00 | −0.115% | $42 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 234.10 | −0.073% | $164K | $498K | 10x | as long as short |
| Nado NBIS-PERP | +0.0063% | 1h | 234.07 | −0.084% | $67K | $95K | 3x | as long as short |
| tradeXYZ xyz:NBISshort | +0.0066% | 1h | 233.98 | −0.124% | $54.6M | $20.0M | 10x | |
| Kraken Futures PF_NBISUSD | +0.0096% | 1h | 233.89 | −0.162% | $24K | $15K | 20x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 234.03 | −0.102% | $482K | $21K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 234.05 | −0.094% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 233.99 | −0.120% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0112% | 1h | 233.89 | −0.162% | $383K | $714K | 10x | as long as short |
| Variational Omni NBIS | +0.0174% | 8h | 234.17 | −0.042% | $2.8M | $571K | — | as long as short |
| Aster NBISUSDT | +0.0183% | 8h | 234.29 | +0.007% | $81K | $314K | 50x | as long as short |
| Binance NBISUSDT | +0.0199% | 8h | 233.98 | −0.124% | $19.1M | $84.9M | 25x | as long as short |
| Extended NBIS-USD | +0.0200% | 1h | 233.99 | −0.120% | $147K | $699K | 10x | as long as short |
| Lighter NBIS | +0.0232% | 1h | 234.04 | −0.098% | $904K | $4.4M | 10x | as long as short |
| Phoenix NBISlong | +0.0306% | 1h | 234.27 | long leg | $7K | $152K | 10x | |
| edgeX NBISUSDC | +0.0337% | 4h | 234.18 | −0.037% | $38K | $227K | 10x | as long as short |
| Entropy io:NBIS | +0.0405% | 1h | 234.18 | −0.038% | $10.2M | $3.3M | 10x | as long as short |
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Nado NBIS-PERP
Kraken Futures PF_NBISUSD
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
Variational Omni NBIS
Aster NBISUSDT
Binance NBISUSDT
Extended NBIS-USD
Lighter NBIS
edgeX NBISUSDC
Entropy io:NBIS