Funding you earn now, next payment 03:00 UTC+0.0402%/8h= +44.0% APRpaid last 24h +0.111%
Price spread now: Entropy against Binance−0.038%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$520.522% of the position
Funding, last 7 days+0.508%+$51 on $10k
+Price spread, last 7 days+0.094%+$9 · spread now −0.038%, 7d avg +0.013%
=Funding pays, the price is against you. Entropy is 0.051% cheaper against Binance than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of +0.013%). If the spread goes back, that is −$5 on $10k: about 10 hours of funding at the current rate (+$12 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NBISUSDT | 235.18 | 0.0130 | pay 0.0130% / 8h | 5h 12m | $19.2M | $84.5M | 25x |
| Short | Entropy io:NBIS | 235.09 | 0.0531 | get 0.0066% / 1h | 12m 14s | $10.2M | $3.3M | 10x |
Binance NBISUSDT
Entropy io:NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against Binance. 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
- $84.35
- Price spread: −0.038% → +0.013%
- −$5.11
- Slippage, 4 orders
- −$24.17
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- $27.07
- Costs to cover
- 0.522%
- Break-even
- 4.8 days
Slippage from Binance: live order book, just now; Entropy: live order book, 5 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 Binance live order book, just now | 0.85 bp | 9.2 bp −$9 | 23.3 bp −$233 | 78.5 bp −$7,854 | doesn't fit |
| Sell Entropy live order book, 5 min ago | 0.21 bp | 20.6 bp −$21 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit NBISUSDT | 0.0000% | 8h | 235.20 | +0.009% | $5.1M | $6.2M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 235.19 | +0.004% | $3.4M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 235.21 | +0.013% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 235.14 | −0.017% | $2.4M | $4.4M | 20x | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 234.98 | −0.087% | $4K | $127K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 235.19 | +0.004% | $971 | $1.7M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 235.19 | +0.004% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 235.17 | −0.004% | $1.6M | $961K | 10x | as long as short |
| Nado NBIS-PERP | +0.0006% | 1h | 235.05 | −0.055% | $64K | $99K | 3x | as long as short |
| QFEX NBIS-USD | +0.0023% | 1h | 235.09 | −0.038% | $1.5M | $4.3M | 10x | as long as short |
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDT
Nado NBIS-PERP
QFEX NBIS-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NBIS-USD | +0.0040% | 1h | 234.93 | −0.106% | $43K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 235.35 | +0.073% | — | $215K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 235.06 | −0.051% | $149K | $453K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 235.10 | −0.034% | $47 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 235.15 | −0.013% | $164K | $500K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0080% | 1h | 235.05 | −0.055% | $55.1M | $19.6M | 10x | as long as short |
| Variational Omni NBIS | +0.0089% | 8h | 235.12 | −0.026% | $2.9M | $566K | — | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0090% | 1h | 235.04 | −0.059% | $35K | $48K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 234.98 | −0.085% | $484K | $21K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 235.13 | −0.021% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 235.12 | −0.027% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0104% | 1h | 233.53 | −0.701% | $382K | $712K | 10x | as long as short |
| Aster NBISUSDT | +0.0123% | 8h | 235.15 | −0.014% | $81K | $307K | 50x | as long as short |
| Extended NBIS-USD | +0.0128% | 1h | 235.12 | −0.026% | $146K | $706K | 10x | as long as short |
| Binance NBISUSDTlong | +0.0130% | 8h | 235.18 | long leg | $19.2M | $84.5M | 25x | |
| BloFin NBIS-USDT | +0.0143% | 8h | 235.26 | +0.034% | $207K | $205K | 20x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0151% | 1h | 235.06 | −0.049% | $24K | $15K | 20x | as long as short |
| Lighter NBIS | +0.0280% | 1h | 235.23 | +0.022% | $900K | $4.3M | 10x | as long as short |
| Phoenix NBIS | +0.0308% | 1h | 235.09 | −0.038% | $7K | $150K | 10x | as long as short |
| edgeX NBISUSDC | +0.0524% | 4h | 234.92 | −0.112% | $38K | $227K | 10x | as long as short |
| Entropy io:NBISshort | +0.0531% | 1h | 235.09 | −0.038% | $10.2M | $3.3M | 10x |
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
tradeXYZ xyz:NBIS
Variational Omni NBIS
Deribit NBIS_USDC-PERPETUAL
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
Aster NBISUSDT
Extended NBIS-USD
BloFin NBIS-USDT
Kraken Futures PF_NBISUSD
Lighter NBIS
Phoenix NBIS
edgeX NBISUSDC