Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.033%

Price spread now: Kraken Futures against Binance−0.097%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.097% cheaper against Binance than usual: you would sell low and buy high (spread −0.097% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 3.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NBISUSDT	234.26	0.0263	pay 0.0263% / 8h	5h 06m	$20.7M	$91.3M	25x
Short	Kraken Futures PF_NBISUSD	234.03	0.0369	get 0.0046% / 1h	6m 16s	$22K	$10K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now −0.097%Rate

Funding earned: $22.26
Price spread: −0.097% → 0.000%: −$9.74
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$7.49
Costs to cover: 0.200%
Break-even: 9.4 days

Slippage unknown: Binance: live order book, 15 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 15 min ago	1.28 bp	9.4 bp −$9	26.2 bp −$262	85.3 bp −$8,529	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NBIS on 31 exchanges

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
OKX NBIS-USDT-SWAP	0.0000%	8h	234.23	−0.014%	$3.3M	$16.7M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.20	−0.026%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.23	−0.014%	$2.3M	$4.6M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.31	+0.021%	$1K	$1.4M	10x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.26	−0.001%	$1.6M	$969K	10x	as long as short
HTX NBIS-USDT	+0.0029%	8h	234.55	+0.123%	$13K	$62K	20x	as long as short
Vest NBIS-USD-PERP	+0.0050%	1h	234.55	+0.123%	—	$250K	5x	as long as short
Ondo Perps NBIS-USD.P	+0.0053%	1h	234.23	−0.014%	$152K	$534K	10x	as long as short
QFEX NBIS-USD	+0.0058%	1h	234.27	+0.003%	$1.6M	$3.6M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.02	−0.103%	$474K	$228K	20x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.24	−0.009%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.24	−0.007%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	234.06	−0.086%	$383K	$868K	10x	as long as short
Polymarket Perps NBIS-USD	+0.0156%	1h	234.20	−0.026%	$129K	$478K	10x	as long as short
Variational Omni NBIS	+0.0177%	8h	234.09	−0.073%	$2.9M	$631K	—	as long as short
SoDEX NBIS-USD	+0.0209%	1h	234.22	−0.018%	$1K	$20K	10x	as long as short
Bybit NBISUSDT	+0.0223%	8h	234.24	−0.009%	$5.4M	$7.0M	50x	as long as short
Aster NBISUSDT	+0.0224%	8h	234.56	+0.126%	$82K	$314K	50x	as long as short
BloFin NBIS-USDT	+0.0241%	8h	234.45	+0.080%	$207K	$219K	20x	as long as short
Nado NBIS-PERP	+0.0245%	1h	233.92	−0.146%	$38K	$85K	3x	as long as short
Binance NBISUSDTlong	+0.0263%	8h	234.26	long leg	$20.7M	$91.3M	25x
Extended NBIS-USD	+0.0264%	1h	234.18	−0.034%	$147K	$890K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0306%	1h	234.08	−0.078%	$35K	$48K	10x	as long as short
Kraken Futures PF_NBISUSDshort	+0.0369%	1h	234.03	−0.097%	$22K	$10K	20x
Phoenix NBIS	+0.0377%	1h	234.21	−0.022%	$7K	$127K	10x	as long as short
Arcus NBIS-USD	+0.0413%	1h	234.19	−0.031%	$42K	$118K	5x	as long as short
edgeX NBISUSDC	+0.0418%	4h	234.35	+0.039%	$31K	$233K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0457%	1h	234.20	−0.026%	$55.7M	$18.7M	10x	as long as short
Lighter NBIS	+0.0472%	1h	234.34	+0.033%	$950K	$3.8M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0545%	8h	234.41	+0.063%	$5K	$101K	10x	as long as short
Entropy io:NBIS	+0.0791%	1h	234.20	−0.026%	$10.2M	$2.9M	10x	as long as short