NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0360%/8h= +39.4% APRnext payment +$0.45 per $10,000 · paid last 24h +0.127%

Price spread now: Entropy against Vest−0.068%7-day average −0.385% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.112%+$11 on $10k

Price spread, last 4 days (all we have)−0.551%−$55 · spread now −0.068%, 7d avg −0.385%

Together, before fees−0.439%+ Points / potential airdropVest: Active · farm board−$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Entropy is 0.317% dearer against Vest than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of −0.385%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.112% in total (about 12.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.45 per $10,000. 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	Vest NBIS-USD-PERP	234.34	0.0046	pay 0.0006% / 1h	13m 54s	—	$215K	5x
Short	Entropy io:NBIS	234.18	0.0405	get 0.0051% / 1h	13m 54s	$10.2M	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpFee EntropybpOrdersPrice spread, now −0.068%Rate

Funding earned: $75.56
Price spread: −0.068% → −0.385%: $31.68
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Entropy: 9 bp × 2 orders: −$18
Net: $87.23
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Entropy: live order book, 3 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 Vest no order-book sample	—	—	—	—	—
Sell Entropy live order book, 3 min ago	1.07 bp	19.0 bp −$19	doesn't fit	doesn't fit	doesn't fit

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	234.25	−0.038%	$5.1M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.21	−0.055%	$3.4M	$16.4M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.23	−0.047%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.24	−0.043%	$2.4M	$4.5M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.07	−0.113%	$5K	$128K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.28	−0.026%	$944	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.02	−0.137%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.32	−0.009%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.20	−0.060%	$1.6M	$972K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	234.13	−0.090%	$1.5M	$4.5M	10x	as long as short

Show 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	−0.111%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERPlong	+0.0046%	1h	234.34	long leg	—	$215K	5x
Polymarket Perps NBIS-USD	+0.0050%	1h	234.10	−0.102%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.18	−0.068%	$56	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.10	−0.102%	$164K	$498K	10x	as long as short
Nado NBIS-PERP	+0.0065%	1h	234.06	−0.121%	$67K	$95K	3x	as long as short
tradeXYZ xyz:NBIS	+0.0066%	1h	234.13	−0.090%	$54.7M	$20.0M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	234.05	−0.125%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.14	−0.085%	$482K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.15	−0.081%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.14	−0.086%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	233.89	−0.192%	$383K	$714K	10x	as long as short
Variational Omni NBIS	+0.0174%	8h	234.17	−0.072%	$2.8M	$571K	—	as long as short
Aster NBISUSDT	+0.0186%	8h	234.38	+0.019%	$81K	$314K	50x	as long as short
Extended NBIS-USD	+0.0200%	1h	234.14	−0.085%	$147K	$699K	10x	as long as short
Binance NBISUSDT	+0.0200%	8h	234.20	−0.061%	$19.2M	$84.8M	25x	as long as short
Lighter NBIS	+0.0232%	1h	234.19	−0.064%	$904K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	234.27	−0.030%	$7K	$152K	10x	as long as short
Entropy io:NBISshort	+0.0405%	1h	234.18	−0.068%	$10.2M	$3.3M	10x
edgeX NBISUSDC	+0.0978%	4h	234.03	−0.133%	$38K	$227K	10x	as long as short