Funding you earn now, next payment 03:00 UTC+0.0238%/8h= +26.1% APRpaid last 24h +0.078%
Price spread now: Phoenix against Variational Omni−0.054%7-day average +0.098% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.063%+$6 on $10k
+Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.054%, 7d avg +0.098%
=Together, before fees+0.154%+ Points / potential airdropVariational Omni: Active · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.152% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of +0.098%). If the spread goes back, that is −$15 on $10k: about 2.1 days of funding at the current rate (+$7 a day). At the pace of the last 3 days (+0.063% in total) that is about 8.3 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.063% in total (about 6.7% 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 | Variational Omni NBIS | 235.81 | 0.0033 | pay 0.0033% / 8h | 4h 39m | $2.9M | $572K | — |
| Short | Phoenix NBIS | 235.68 | 0.0272 | get 0.0034% / 1h | 39m 12s | $7K | $150K | 10x |
Variational Omni NBIS
Phoenix NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Variational Omni. 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
- $50.06
- Price spread: −0.054% → +0.098%
- −$15.18
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $27.89
- Costs to cover
- 0.070%
- Break-even
- 3.1 days
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Phoenix: live order book, 12 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 Variational Omni RFQ quote, 5 min ago | 2.78 bp | doesn't fit | 35.7 bp −$357 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 12 min ago | 4.67 bp | 14.1 bp −$14 | 30.0 bp −$300 | 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 | −0.0159% | 1h | 235.45 | −0.151% | $38K | $115K | 3x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 235.62 | −0.079% | $5.1M | $6.2M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 235.59 | −0.092% | $3.4M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 235.59 | −0.092% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 235.56 | −0.104% | $2.4M | $4.4M | 20x | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 235.75 | −0.024% | $5K | $119K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 235.85 | +0.019% | $1K | $1.7M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 235.58 | −0.096% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 235.62 | −0.079% | $1.6M | $958K | 10x | as long as short |
| Variational Omni NBISlong | +0.0033% | 8h | 235.81 | long leg | $2.9M | $572K | — |
Nado NBIS-PERP
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX NBIS-USD | +0.0038% | 1h | 235.51 | −0.126% | $1.5M | $4.2M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 235.47 | −0.143% | $43K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 235.79 | −0.007% | — | $216K | 5x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0047% | 1h | 235.54 | −0.113% | $35K | $48K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0050% | 1h | 235.51 | −0.126% | $54.9M | $19.8M | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 235.49 | −0.134% | $149K | $453K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 235.57 | −0.100% | $9 | $21K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 235.63 | −0.075% | $161K | $504K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0056% | 1h | 235.35 | −0.194% | $389K | $724K | 10x | as long as short |
| BloFin NBIS-USDT | +0.0071% | 8h | 235.71 | −0.041% | $207K | $205K | 20x | as long as short |
| Aster NBISUSDT | +0.0079% | 8h | 235.51 | −0.127% | $79K | $310K | 50x | as long as short |
| Extended NBIS-USD | +0.0080% | 1h | 235.58 | −0.096% | $147K | $702K | 10x | as long as short |
| Binance NBISUSDT | +0.0083% | 8h | 235.63 | −0.074% | $19.4M | $84.6M | 25x | as long as short |
| Lighter NBIS | +0.0088% | 1h | 235.62 | −0.079% | $899K | $4.0M | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 235.36 | −0.189% | $485K | $21K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 235.64 | −0.071% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 235.60 | −0.086% | — | — | 10x | as long as short |
| Phoenix NBISshort | +0.0272% | 1h | 235.68 | −0.054% | $7K | $150K | 10x | |
| edgeX NBISUSDC | +0.0307% | 4h | 235.68 | −0.054% | $38K | $225K | 10x | as long as short |
| Entropy io:NBIS | +0.0418% | 1h | 235.55 | −0.109% | $10.2M | $3.2M | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0477% | 1h | 235.40 | −0.173% | $24K | $15K | 20x | as long as short |
QFEX NBIS-USD
Arcus NBIS-USD
Vest NBIS-USD-PERP
Deribit NBIS_USDC-PERPETUAL
tradeXYZ xyz:NBIS
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Coinbase International NBIS-PERP-INTX
BloFin NBIS-USDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Lighter NBIS
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
edgeX NBISUSDC
Entropy io:NBIS
Kraken Futures PF_NBISUSD