Funding you earn now, next payment 04:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.00 per $10,000 · paid last 24h −0.021%
Price spread now: QFEX against Arcus+0.059%7-day average +0.002% · 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−$31as in the Price arb table
costs, in and out, $10k−$370.365% of the position
Funding, last 4 days (all we have)−0.145%−$14 on $10k
+Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.059%, 7d avg +0.002%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.058% dearer against Arcus than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus NBIS-USD | 235.32 | 0.0040 | pay 0.0005% / 1h | 20m 04s | $43K | $132K | 5x |
| Short | QFEX NBIS-USD | 235.46 | 0.0038 | get 0.0005% / 1h | 20m 04s | $1.5M | $4.2M | 10x |
Arcus NBIS-USD
QFEX NBIS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Arcus. 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
- −$0.43
- Price spread: +0.059% → +0.002%
- $5.79
- Slippage, 4 orders
- −$22
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$31.14
- Costs to cover
- 0.365%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 38 min ago; QFEX: live order book, 4 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, 38 min ago | 3.19 bp | 6.3 bp −$6 | 15.3 bp −$153 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 2.55 bp | 9.2 bp −$9 | 13.1 bp −$131 | 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 | −0.0095% | 1h | 235.32 | −0.001% | $38K | $115K | 3x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 235.52 | +0.085% | $5.0M | $6.2M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 235.38 | +0.025% | $3.4M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 235.47 | +0.064% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 235.43 | +0.047% | $2.4M | $4.4M | 20x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 235.53 | +0.088% | $2.9M | $562K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 235.52 | +0.086% | $5K | $120K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 235.50 | +0.076% | $1K | $1.7M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 235.51 | +0.081% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 235.48 | +0.068% | $1.6M | $956K | 10x | as long as short |
Nado NBIS-PERP
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
Variational Omni NBIS
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-USDshort | +0.0038% | 1h | 235.46 | +0.059% | $1.5M | $4.2M | 10x | |
| Arcus NBIS-USDlong | +0.0040% | 1h | 235.32 | long leg | $43K | $132K | 5x | |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 235.73 | +0.174% | — | $216K | 5x | as long as short |
| Aster NBISUSDT | +0.0047% | 8h | 235.35 | +0.012% | $79K | $310K | 50x | as long as short |
| Extended NBIS-USD | +0.0048% | 1h | 235.41 | +0.037% | $150K | $701K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0050% | 1h | 235.22 | −0.042% | $54.8M | $19.8M | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 235.42 | +0.042% | $149K | $453K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 235.43 | +0.047% | $38 | $21K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 235.54 | +0.093% | $161K | $503K | 10x | as long as short |
| Binance NBISUSDT | +0.0051% | 8h | 235.41 | +0.038% | $19.4M | $84.6M | 25x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0056% | 1h | 235.35 | +0.013% | $389K | $723K | 10x | as long as short |
| BloFin NBIS-USDT | +0.0079% | 8h | 235.56 | +0.102% | $208K | $205K | 20x | as long as short |
| edgeX NBISUSDC | +0.0095% | 4h | 235.47 | +0.065% | $38K | $226K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 235.26 | −0.025% | $485K | $21K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 235.47 | +0.064% | $2K | $3K | 10x | as long as short |
| Lighter NBIS | +0.0104% | 1h | 235.48 | +0.068% | $903K | $4.1M | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 235.46 | +0.059% | — | — | 10x | as long as short |
| Phoenix NBIS | +0.0272% | 1h | 235.56 | +0.102% | $7K | $150K | 10x | as long as short |
| Entropy io:NBIS | +0.0403% | 1h | 235.41 | +0.038% | $10.2M | $3.2M | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0476% | 1h | 235.50 | +0.077% | $24K | $15K | 20x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0558% | 1h | 235.46 | +0.059% | $35K | $48K | 10x | as long as short |
Vest NBIS-USD-PERP
Aster NBISUSDT
Extended NBIS-USD
tradeXYZ xyz:NBIS
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Binance NBISUSDT
Coinbase International NBIS-PERP-INTX
BloFin NBIS-USDT
edgeX NBISUSDC
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Lighter NBIS
Aevo NBIS-PERP
Phoenix NBIS
Entropy io:NBIS
Kraken Futures PF_NBISUSD
Deribit NBIS_USDC-PERPETUAL