Funding you earn now, next payment 03:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h −0.075%
Price spread now: Phemex against tradeXYZ0.000%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1211.214% of the position
Funding, last 7 days−0.319%−$32 on $10k
+Price spread, last 4 days (all we have)−0.183%−$18 · spread now 0.000%, 7d avg +0.010%
=Together, before fees−0.503%+ Points / potential airdroptradeXYZ: Active · farm board−$50 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:NBIS | 235.55 | 0.0061 | pay 0.0008% / 1h | 0m 47s | $55.2M | $19.6M | 10x |
| Short | Phemex NBISUSDT | 235.55 | 0 | get 0.0000% / 8h | 5h 00m | $1.6M | $960K | 10x |
tradeXYZ xyz:NBIS
Phemex NBISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against tradeXYZ. 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
- −$12.87
- Price spread: 0.000% → +0.010%
- −$0.97
- Slippage, 4 orders
- −$91.39
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$135.23
- Costs to cover
- 1.214%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 9 min ago; Phemex: live order book, 2 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 tradeXYZ live order book, 9 min ago | 0.64 bp | 11.7 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 2.12 bp | 47.6 bp −$48 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado NBIS-PERP | −0.0020% | 1h | 235.43 | −0.051% | $64K | $100K | 3x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 235.67 | +0.051% | $5.1M | $6.2M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 235.59 | +0.017% | $3.4M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 235.61 | +0.025% | $2.8M | $5.1M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 235.60 | +0.021% | $2.4M | $4.4M | 20x | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 235.42 | −0.057% | $5K | $120K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 235.51 | −0.017% | $1K | $1.7M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 235.41 | −0.059% | $35K | $48K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 235.50 | −0.021% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDTshort | 0.0000% | 8h | 235.55 | 0.000% | $1.6M | $960K | 10x |
Nado NBIS-PERP
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX NBIS-USD | +0.0023% | 1h | 235.45 | −0.042% | $1.5M | $4.2M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 235.27 | −0.119% | $43K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 235.74 | +0.081% | — | $215K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 235.43 | −0.051% | $150K | $453K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 235.51 | −0.017% | $42 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 235.37 | −0.076% | $164K | $500K | 10x | as long as short |
| tradeXYZ xyz:NBISlong | +0.0061% | 1h | 235.55 | long leg | $55.2M | $19.6M | 10x | |
| Variational Omni NBIS | +0.0066% | 8h | 235.50 | −0.020% | $2.9M | $566K | — | as long as short |
| BloFin NBIS-USDT | +0.0098% | 8h | 235.56 | +0.004% | $207K | $205K | 20x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 235.43 | −0.051% | $485K | $21K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 235.49 | −0.025% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 235.47 | −0.033% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0104% | 1h | 235.35 | −0.085% | $389K | $725K | 10x | as long as short |
| Aster NBISUSDT | +0.0107% | 8h | 235.59 | +0.016% | $81K | $307K | 50x | as long as short |
| Binance NBISUSDT | +0.0112% | 8h | 235.67 | +0.051% | $19.3M | $84.4M | 25x | as long as short |
| Extended NBIS-USD | +0.0112% | 1h | 235.59 | +0.017% | $147K | $706K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0151% | 1h | 235.33 | −0.092% | $24K | $15K | 20x | as long as short |
| Lighter NBIS | +0.0256% | 1h | 235.68 | +0.055% | $902K | $4.3M | 10x | as long as short |
| Phoenix NBIS | +0.0308% | 1h | 235.30 | −0.106% | $7K | $150K | 10x | as long as short |
| Entropy io:NBIS | +0.0514% | 1h | 235.52 | −0.013% | $10.2M | $3.3M | 10x | as long as short |
| edgeX NBISUSDC | +0.0535% | 4h | 235.54 | −0.002% | $38K | $227K | 10x | as long as short |
QFEX NBIS-USD
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Variational Omni NBIS
BloFin NBIS-USDT
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
Aster NBISUSDT
Binance NBISUSDT
Extended NBIS-USD
Kraken Futures PF_NBISUSD
Lighter NBIS
Phoenix NBIS
Entropy io:NBIS
edgeX NBISUSDC