NBIS

Alert: funding

Alert: spread

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: Phoenix against QFEX+0.146%52s7-day average +0.112% · you sell dearer than you buy

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

Long on QFEX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.152%+$15 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.146%, 7d avg +0.112%

Together, before fees+0.160%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.035% dearer against QFEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.112%. 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	QFEX NBIS-USD	232.20	0.0029	pay 0.0004% / 1h	44m 27s	$1.5M	$3.9M	10x
Short	Phoenix NBIS	232.54	0.0242	get 0.0030% / 1h	44m 27s	$7K	$150K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against QFEX. 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 QFEXbpFee PhoenixbpOrdersPrice spread, now +0.146%Rate

Funding earned: $44.62
Price spread: +0.146% → +0.112%: $3.48
Slippage, 4 orders: −$30.82
Fee QFEX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $0.28
Costs to cover: 0.478%
Break-even: 7.0 days

Slippage from QFEX: live order book, 4 min ago; Phoenix: live order book, 61 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 QFEX live order book, 4 min ago	2.58 bp	8.0 bp −$8	13.3 bp −$133	doesn't fit	doesn't fit
Sell Phoenix live order book, 61 min ago	5.12 bp	15.9 bp −$16	34.5 bp −$345	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	−0.004%	$2.3M	$4.5M	20x	as long as short
BloFin NBIS-USDT	−0.0025%	8h	232.13	−0.030%	$205K	$205K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	232.11	−0.037%	$83K	$310K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	232.18	−0.009%	$145K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	232.19	−0.004%	$18.8M	$85.6M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	232.11	−0.039%	$4.9M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	232.02	−0.078%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.25	+0.022%	$2.7M	$5.0M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	232.03	−0.073%	$2.9M	$555K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.07	−0.057%	$5K	$118K	10x	as long as short

Show 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	+0.052%	$1K	$1.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	232.14	−0.026%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	232.08	−0.052%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	232.14	−0.026%	$1.6M	$956K	10x	as long as short
Nado NBIS-PERP	+0.0020%	1h	231.92	−0.120%	$38K	$115K	3x	as long as short
QFEX NBIS-USDlong	+0.0029%	1h	232.20	long leg	$1.5M	$3.9M	10x
Arcus NBIS-USD	+0.0040%	1h	232.11	−0.039%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	232.23	+0.013%	—	$217K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.96	−0.103%	$142K	$459K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	232.08	−0.052%	$93	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.20	0.000%	$160K	$506K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0069%	1h	232.13	−0.030%	$54.1M	$20.2M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.23	+0.013%	$478K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.19	−0.004%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.13	−0.031%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	232.30	+0.043%	$361K	$771K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0222%	1h	232.09	−0.048%	$23K	$15K	20x	as long as short
Phoenix NBISshort	+0.0242%	1h	232.54	+0.146%	$7K	$150K	10x
edgeX NBISUSDC	+0.0276%	4h	232.05	−0.065%	$37K	$227K	10x	as long as short
Lighter NBIS	+0.0304%	1h	232.23	+0.013%	$929K	$3.9M	10x	as long as short
Entropy io:NBIS	+0.0433%	1h	232.28	+0.034%	$10.1M	$3.2M	10x	as long as short