NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0080%/8h= +8.7% APRnext payment +$0.10 per $10,000 · paid last 24h +0.041%

Price spread now: Coinbase International against Arcus+0.224%7-day average +0.107% · 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−$33as in the Price arb table

costs, in and out, $10k−$450.447% of the position

Long on Arcus Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.224%, 7d avg +0.107%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.118% dearer against Arcus than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NBIS-USD	231.66	0.0040	pay 0.0005% / 1h	56m 33s	$42K	$132K	5x
Short	Coinbase International NBIS-PERP-INTX	232.18	0.0120	get 0.0015% / 1h	56m 33s	$352K	$816K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Arcus. 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 ArcusbpFee Coinbase InternationalbpOrdersPrice spread, now +0.224%Rate

Funding earned: $16.74
Price spread: +0.224% → +0.107%: $11.77
Slippage, 4 orders: −$30.15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$16.14
Costs to cover: 0.447%
Break-even: 13.7 days

Slippage from Arcus: live order book, 51 min ago; Coinbase International: live order book, 52 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 Arcus live order book, 51 min ago	2.59 bp	6.1 bp −$6	14.2 bp −$142	doesn't fit	doesn't fit
Sell Coinbase International live order book, 52 min ago	7.11 bp	12.2 bp −$12	17.9 bp −$179	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	−0.0378%	8h	231.44	−0.095%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.24	−0.181%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.36	−0.131%	$146K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.26	−0.173%	$18.6M	$87.1M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.34	−0.138%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.29	−0.160%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.45	−0.091%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.98	+0.137%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.04	+0.166%	$5K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	232.02	+0.155%	$1K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	231.79	+0.056%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.54	−0.052%	$1.6M	$959K	10x	as long as short
BloFin NBIS-USDT	+0.0015%	8h	231.74	+0.035%	$203K	$206K	20x	as long as short
Arcus NBIS-USDlong	+0.0040%	1h	231.66	long leg	$42K	$132K	5x
Vest NBIS-USD-PERP	+0.0046%	1h	231.31	−0.151%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.21	−0.194%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	231.59	−0.030%	$79	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.66	0.000%	$151K	$548K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	231.28	−0.164%	$1.5M	$3.9M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.28	−0.164%	$477K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.60	−0.026%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.59	−0.030%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTXshort	+0.0120%	1h	232.18	+0.224%	$352K	$816K	10x
Nado NBIS-PERP	+0.0170%	1h	231.27	−0.169%	$38K	$115K	3x	as long as short
edgeX NBISUSDC	+0.0170%	4h	231.80	+0.062%	$37K	$225K	10x	as long as short
Phoenix NBIS	+0.0242%	1h	232.06	+0.173%	$7K	$149K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0247%	1h	231.25	−0.177%	$54.3M	$21.1M	10x	as long as short
Lighter NBIS	+0.0312%	1h	231.54	−0.052%	$939K	$3.9M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0528%	1h	231.54	−0.052%	$34K	$49K	10x	as long as short
Entropy io:NBIS	+0.0601%	1h	231.58	−0.035%	$10.1M	$3.2M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0682%	1h	231.63	−0.013%	$23K	$15K	20x	as long as short