Funding you earn now, next payment 06:00 UTC−0.0311%/8h= −34.0% APRpaid last 24h −0.072%
Price spread now: Variational Omni against Phoenix−0.022%7-day average −0.095% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.073%−$7 on $10k
+Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.022%, 7d avg −0.095%
=Together, before fees−0.093%+ Points / potential airdropVariational Omni: Active · farm board−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.074% dearer against Phoenix than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.095%): +$7 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 4 days (−0.073% in total) that is about 3.7 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.073% in total (about -7.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NBIS | 230.85 | 0.0311 | pay 0.0039% / 1h | 15m 09s | $7K | $150K | 10x |
| Short | Variational Omni NBIS | 230.80 | 0 | get 0.0000% / 8h | 1h 15m | $2.8M | $599K | — |
Phoenix NBIS
Variational Omni NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$65.21
- Price spread: −0.022% → −0.095%
- $7.36
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$64.86
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 21 min ago; Variational Omni: RFQ quote, 4 min ago. 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, 21 min ago | 5.64 bp | 17.2 bp −$17 | 37.6 bp −$376 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 5.05 bp | doesn't fit | 48.1 bp −$481 | 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 | −0.0574% | 8h | 230.84 | −0.004% | $2.3M | $4.5M | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 230.70 | −0.067% | $84K | $311K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 230.69 | −0.068% | $149K | $635K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 230.77 | −0.034% | $18.5M | $87.3M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 230.82 | −0.013% | $4.9M | $6.7M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 230.69 | −0.069% | $3.3M | $16.1M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 230.85 | 0.000% | $2.7M | $5.2M | 50x | as long as short |
| Variational Omni NBISshort | 0.0000% | 8h | 230.80 | −0.022% | $2.8M | $599K | — | |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 230.86 | +0.004% | $5K | $116K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 230.76 | −0.039% | $967 | $1.6M | 10x | as long as short |
Bitget NBISUSDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
GRVT NBIS_USDT_Perp
SunX NBIS-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX NBIS-USDT | 0.0000% | 8h | 231.03 | +0.078% | $15K | $57K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 230.84 | −0.004% | $1.6M | $964K | 10x | as long as short |
| BloFin NBIS-USDT | +0.0014% | 8h | 230.79 | −0.026% | $203K | $205K | 20x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 230.71 | −0.061% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 230.77 | −0.035% | — | $221K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 230.70 | −0.065% | $137K | $473K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 230.74 | −0.048% | $115 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 230.92 | +0.030% | $151K | $543K | 10x | as long as short |
| Nado NBIS-PERP | +0.0055% | 1h | 230.67 | −0.077% | $37K | $115K | 3x | as long as short |
| QFEX NBIS-USD | +0.0056% | 1h | 230.83 | −0.009% | $1.5M | $3.8M | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0073% | 1h | 230.69 | −0.069% | $54.3M | $21.0M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0097% | 1h | 230.70 | −0.065% | $34K | $49K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 230.70 | −0.065% | $475K | $20K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 230.75 | −0.043% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 230.71 | −0.060% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0120% | 1h | 230.39 | −0.199% | $351K | $812K | 10x | as long as short |
| Lighter NBIS | +0.0184% | 1h | 230.73 | −0.052% | $954K | $4.0M | 10x | as long as short |
| Phoenix NBISlong | +0.0311% | 1h | 230.85 | long leg | $7K | $150K | 10x | |
| edgeX NBISUSDC | +0.0345% | 4h | 230.91 | +0.025% | $37K | $227K | 10x | as long as short |
| Entropy io:NBIS | +0.0351% | 1h | 230.77 | −0.035% | $10.1M | $3.1M | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0685% | 1h | 230.65 | −0.085% | $23K | $15K | 20x | as long as short |
HTX NBIS-USDT
Phemex NBISUSDT
BloFin NBIS-USDT
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Nado NBIS-PERP
QFEX NBIS-USD
tradeXYZ xyz:NBIS
Deribit NBIS_USDC-PERPETUAL
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
Lighter NBIS
edgeX NBISUSDC
Entropy io:NBIS
Kraken Futures PF_NBISUSD