NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.001%

Price spread now: KuCoin against Binance−0.116%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1451.452% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 4 days (all we have)−0.773%−$77 · spread now −0.116%, 7d avg −0.090%

Together, before fees−0.720%−$72 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.026% cheaper against Binance than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.090%). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.053% in total) that is about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NBISUSDT	231.33	0	get 0.0000% / 8h	35m 47s	$18.7M	$87.8M	25x
Short	KuCoin NBISUSDTM	231.06	0.0100	get 0.0100% / 8h	35m 47s	$476K	$20K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.116%Rate

Funding earned: $21
Price spread: −0.116% → −0.090%: −$2.56
Slippage, 4 orders: −$123.18
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$126.74
Costs to cover: 1.452%
Break-even: 49.2 days

Slippage from Binance: live order book, 7 min ago; KuCoin: live order book, 68 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, 7 min ago	0.22 bp	8.1 bp −$8	21.7 bp −$217	79.3 bp −$7,934	doesn't fit
Sell KuCoin live order book, 68 min ago	23.88 bp	62.1 bp −$62	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
Bitget NBISUSDT	−0.0450%	8h	231.37	+0.018%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.21	−0.051%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.23	−0.044%	$148K	$876K	10x	as long as short
Binance NBISUSDTlong	0.0000%	8h	231.33	long leg	$18.7M	$87.8M	25x
Bybit NBISUSDT	0.0000%	8h	231.25	−0.033%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.30	−0.012%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.29	−0.016%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.17	−0.068%	$2.8M	$594K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.29	−0.016%	$4K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.36	+0.014%	$993	$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	231.29	−0.016%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.25	−0.033%	$1.6M	$969K	10x	as long as short
BloFin NBIS-USDT	+0.0008%	8h	231.36	+0.014%	$203K	$209K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.13	−0.085%	$42K	$131K	5x	as long as short
QFEX NBIS-USD	+0.0041%	1h	231.30	−0.012%	$1.5M	$3.8M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.11	−0.094%	—	$222K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.20	−0.055%	$137K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.06	−0.116%	$150K	$543K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.39	−0.405%	$353K	$814K	10x	as long as short
SoDEX NBIS-USD	+0.0097%	1h	231.27	−0.025%	$97	$20K	10x	as long as short
KuCoin NBISUSDTMshort	+0.0100%	8h	231.06	−0.116%	$476K	$20K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.33	+0.001%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.30	−0.010%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0141%	1h	231.14	−0.081%	$54.3M	$21.1M	10x	as long as short
Nado NBIS-PERP	+0.0168%	1h	231.07	−0.112%	$38K	$116K	3x	as long as short
Phoenix NBIS	+0.0312%	1h	231.13	−0.085%	$7K	$125K	10x	as long as short
Lighter NBIS	+0.0368%	1h	231.18	−0.064%	$931K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0428%	1h	231.15	−0.077%	$10.1M	$3.1M	10x	as long as short
edgeX NBISUSDC	+0.0453%	4h	231.23	−0.040%	$37K	$226K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.19	−0.059%	$23K	$15K	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0789%	1h	231.26	−0.029%	$34K	$49K	10x	as long as short