NBIS perps: where to trade Nebius perpetual futures
14 tracked venues list NBIS perps.
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The cheapest place to trade NBIS perps right now is Lighter (NBIS): 0.62 bps all-in for a $10,000 market buy at the standard taker fee, measured 11:33 UTC on 2026-10-03.
The next two venues are trade.xyz 6.21 bps and Binance 7.21 bps. 10 of 14 NBIS markets gave a measured cost.
Promo rate for eligible accounts: MEXC (NBISSTOCK_USDT) shows 0.21 bps at a 0.000% taker fee that only some accounts get (MEXC: stock futures listing notice, checked 2026-09-25). MEXC does not state the NBIS fee for other accounts, so this cost is not ranked.
NBIS perps list on 14 tracked venues: 6 centralized exchanges, 2 Hyperliquid HIP-3 deployments, 6 other decentralized venues. Avantis (NBIS/USD), Gains Network (NBIS/USD) and Ostium (NBIS/USD) fill at an oracle price, with no public NBIS book to measure.
Maximum NBIS leverage runs from 2x on Gains Network (NBIS/USD) to 50x on MEXC (NBISSTOCK_USDT).
Measured NBIS cost for a $10,000 buy
- Lighter0.62
- trade.xyz6.21
- Binance7.21
- EntropyIO8.42
- Extended10.04
- OKX11.16
- Bitget11.52
- Bybit11.60
- Gate16.84
- Aster21.90
NBIS funding and open interest
Funding now runs from 0.0% a year on Aster to 5.5% on trade.xyz, across 11 NBIS markets. A positive rate means that longs pay shorts.
11 NBIS markets report open interest, $75.7 million in total. trade.xyz holds 36% of it ($27.4 million).
Where to trade Nebius perpetual futures
| Venue | Market | Max leverage | Funding now | Annual rate now | 7-day mean, annual | Open interest | Book cost (bps) | Taker fee | All-in (bps) | Promo rate, eligible accounts |
|---|---|---|---|---|---|---|---|---|---|---|
| Lighter | NBIS | 10x | +0.0004% / 1 h | +3.5% | — | $729K | 0.62 | 0.000% (API) | 0.62 | — |
| trade.xyz | xyz:NBIS | 10x | +0.0006% / 1 h | +5.5% | +4.9% | $27.4M | 5.31 | 0.0090% (API, live) | 6.21 | — |
| Binance | NBISUSDT | 25x | 0.0000% / 8 h | 0.0% | +5.9% | $22.0M | 3.21 | 0.040% (docs, promotion for all accounts) | 7.21 | — |
| EntropyIO | io:NBIS | 15x | +0.0002% / 1 h | +1.4% | +19.3% | $9.6M | 7.52 | 0.0090% (API, live) | 8.42 | — |
| Extended | NBIS-USD | 10x | 0.0000% / 1 h | 0.0% | — | $113K | 9.04 | 0.010% (docs) | 10.04 | — |
| OKX | NBIS-USDT-SWAP | 25x | 0.0000% / 8 h | 0.0% | −0.1% | $3.6M | 6.16 | 0.050% (docs) | 11.16 | — |
| Bitget | NBISUSDT | 20x | 0.0000% / 8 h | 0.0% | +4.4% | $1.8M | 5.52 | 0.060% (API) | 11.52 | — |
| Bybit | NBISUSDT | 50x | 0.0000% / 8 h | 0.0% | +5.9% | $4.8M | 8.85 | 0.028% (docs, promotion for all accounts) | 11.60 | — |
| Gate | NBIS_USDT | 50x | 0.0000% / 8 h | 0.0% | +7.8% | $1.4M | 9.34 | 0.075% (API) | 16.84 | — |
| Aster | NBISUSDT | 50x | 0.0000% / 8 h | 0.0% | +5.4% | $94K | 20.65 | 0.013% (docs) | 21.90 | — |
| MEXC | NBISSTOCK_USDT | 50x | 0.0000% / 8 h | 0.0% | +5.9% | $4.2M | 0.21 | Not stated for all accounts | — | 0.000% = 0.21 bps (eligible accounts, source, 2026-09-25) |
| Avantis | NBIS/USD | 15x | — | — | — | — | No NBIS book | Oracle model | — | — |
| Gains Network | NBIS/USD | 2x | — | — | — | — | No NBIS book | Oracle model | — | — |
| Ostium | NBIS/USD | — | — | — | — | — | No NBIS book | Oracle model | — | — |
Method: a $10,000 NBIS market buy fills against each public NBIS book.
The NBIS book cost is that fill price against the mid, in bps. The NBIS all-in cost adds the standard taker fee that every new account gets.
A NBIS promo rate that only eligible accounts get is shown in its own column and is never ranked.
A NBIS book price does not prove that the venue accepts NBIS orders at that time, so check the NBIS hours table.
Annual NBIS funding is the rate per hour times 8,760, with no compounding. The NBIS markets come from venue APIs read on 2026-09-25.
NBIS trading hours and price source by venue
| Venue | Market | Hours | Price source |
|---|---|---|---|
| Aster | NBISUSDT | 24/7, 5% band off-hours | Several, with Pyth |
| Avantis | NBIS/USD | 23/5 or 9:30–16:00 ET | Pyth Pro, Chainlink |
| Binance | NBISUSDT | 24/7, book EWMA weekends | Unnamed data vendors |
| Bitget | NBISUSDT | 24/7, book EMA off-hours | Pyth, dxFeed, Massive, Intrinio |
| Bybit | NBISUSDT | 24/7 | Index with Pyth |
| EntropyIO | io:NBIS | 24/7, bands when closed | RedStone |
| Extended | NBIS-USD | Per market in API | Stork, Blue Ocean ATS |
| Gains Network | NBIS/USD | Mon–Fri 9:35–16:00 ET | Chainlink |
| Gate | NBIS_USDT | Index holds last close | Paid feeds, crypto venues |
| Lighter | NBIS | 24/7 | Pyth Pro (NVDA, TSLA) |
| MEXC | NBISSTOCK_USDT | Varies, no trades closed | Not named in docs |
| OKX | NBIS-USDT-SWAP | 24/7 book, anchored weekends | Several providers |
| Ostium | NBIS/USD | Mon–Fri 9:30–16:00 ET | Own feed, Stork nodes |
| trade.xyz | xyz:NBIS | 24/7, bounded off-hours | Relayer, Blue Ocean ATS |
Find your liquidation price with the liquidation price calculator for NBIS. Compare all tickers on the stock perps hub. Read how trade.xyz lists NBIS on Hyperliquid.
Where to Trade Nebius Group (NBIS) Perpetual Futures
Fees and leverage limits apply venue-wide; check NBIS terms with the venue.
Nebius Group (NBIS) market overview
Nebius Group is an AI-infrastructure company providing GPU cloud compute and related services, built from the international assets of the former Yandex. NBIS perpetual futures offer exposure to the neocloud / AI-compute capacity buildout.
Frequently Asked Questions — Nebius Group (NBIS)
What open interest data is available for NBIS?
2 venues report positive NBIS open interest in this read.
The NBIS total leaves out venues outside the read.
How does a Nebius Group perpetual futures contract differ from the underlying asset?
A Nebius Group perpetual tracks the Nebius Group price, with no expiry date and no ownership of Nebius Group.
Check each venue for Nebius Group trading hours and the price source.
Category: Stocks