Funding you earn now, next payment 00:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.21 per $10,000 · paid last 24h −0.048%
Price spread now: HTX against Binance−0.030%7-day average +0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$370.370% of the position
Funding, last 7 days−0.115%−$11 on $10k
+Price spread, last 2 days (all we have)+0.120%+$12 · spread now −0.030%, 7d avg +0.070%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.100% cheaper against Binance than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.070%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NBISUSDT | 233.23 | 0.0021 | pay 0.0021% / 8h | 1h 46m | $19.4M | $86.8M | 25x |
| Short | HTX NBIS-USDT | 233.16 | 0 | get 0.0000% / 8h | 1h 46m | $15K | $115K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$4.42
- Price spread: −0.030% → +0.070%
- −$9.99
- Slippage, 4 orders
- −$14.97
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$51.38
- Costs to cover
- 0.370%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; HTX: live order book, 34 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, 11 min ago | 0.21 bp | 8.9 bp −$9 | 27.0 bp −$270 | 105.6 bp −$10.6K | doesn't fit |
| Sell HTX live order book, 34 min ago | 0.86 bp | 11.0 bp −$11 | 33.2 bp −$332 | 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 | 233.18 | −0.021% | $5.1M | $6.5M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 233.10 | −0.056% | $3.4M | $17.0M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 233.18 | −0.021% | $2.8M | $5.3M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 233.17 | −0.026% | $2.5M | $4.7M | 20x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 233.27 | +0.017% | $2.8M | $945K | — | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 233.25 | +0.009% | $1K | $1.8M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 233.12 | −0.047% | $35K | $47K | 10x | as long as short |
| HTX NBIS-USDTshort | 0.0000% | 8h | 233.16 | −0.030% | $15K | $115K | 20x | |
| Phemex NBISUSDT | 0.0000% | 8h | 233.21 | −0.009% | $1.6M | $966K | 10x | as long as short |
| BloFin NBIS-USDT | +0.0019% | 8h | 233.20 | −0.013% | $205K | $213K | 20x | as long as short |
Show all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance NBISUSDTlong | +0.0021% | 8h | 233.23 | long leg | $19.4M | $86.8M | 25x | |
| Aster NBISUSDT | +0.0022% | 8h | 233.40 | +0.073% | $79K | $304K | 50x | as long as short |
| Extended NBIS-USD | +0.0024% | 1h | 233.18 | −0.021% | $141K | $697K | 10x | as long as short |
| QFEX NBIS-USD | +0.0038% | 1h | 233.19 | −0.017% | $1.5M | $5.1M | 10x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0039% | 8h | 233.25 | +0.010% | $5K | $147K | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 233.20 | −0.013% | $44K | $133K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 233.34 | +0.047% | — | $234K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 233.29 | +0.026% | $136K | $645K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 233.19 | −0.017% | $33 | $20K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0072% | 1h | 232.99 | −0.103% | $356K | $702K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0074% | 1h | 233.27 | +0.017% | $173K | $498K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 233.06 | −0.073% | $480K | $25K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 233.25 | +0.009% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 233.22 | −0.006% | — | — | 10x | as long as short |
| Entropy io:NBIS | +0.0268% | 1h | 233.24 | +0.004% | $10.2M | $3.3M | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0270% | 1h | 233.26 | +0.013% | $54.4M | $23.5M | 10x | as long as short |
| Nado NBIS-PERP | +0.0271% | 1h | 233.19 | −0.017% | $28K | $63K | 3x | as long as short |
| Lighter NBIS | +0.0288% | 1h | 233.26 | +0.013% | $934K | $4.6M | 10x | as long as short |
| Phoenix NBIS | +0.0343% | 1h | 233.45 | +0.094% | $7K | $185K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0347% | 1h | 233.07 | −0.067% | $24K | $13K | 20x | as long as short |
| edgeX NBISUSDC | +0.0602% | 4h | 233.27 | +0.016% | $37K | $234K | 10x | as long as short |
Binance NBISUSDT
HTX NBIS-USDT
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
Variational Omni NBIS
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
Phemex NBISUSDT
BloFin NBIS-USDT
Aster NBISUSDT
Extended NBIS-USD
GRVT NBIS_USDT_Perp
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Coinbase International NBIS-PERP-INTX
KuCoin NBISUSDTM
tradeXYZ xyz:NBIS
Lighter NBIS
Phoenix NBIS
Kraken Futures PF_NBISUSD
edgeX NBISUSDC