Funding you earn now, next payment 08:00 UTC−0.0270%/8h= −29.6% APRnext payment −$2.70 per $10,000 · paid last 24h −0.027%
Price spread now: OKX against Binance−0.024%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$360.363% of the position
Funding, last 7 days−0.051%−$5 on $10k
+Price spread, last 2 days (all we have)+0.100%+$10 · spread now −0.024%, 7d avg +0.024%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and OKX is 0.048% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.024%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.051% in total (about -2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.70 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NBISUSDT | 236.23 | 0.0270 | pay 0.0270% / 8h | 7h 27m | $19.7M | $85.7M | 25x |
| Short | OKX NBIS-USDT-SWAP | 236.17 | 0 | get 0.0000% / 8h | 7h 27m | $3.4M | $16.8M | 25x |
Binance NBISUSDT
OKX NBIS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$56.8
- Price spread: −0.024% → +0.024%
- −$4.8
- Slippage, 4 orders
- −$16.32
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$97.91
- Costs to cover
- 0.363%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; OKX: live order book, 1 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, 15 min ago | 0.85 bp | 10.6 bp −$11 | 25.9 bp −$259 | 87.2 bp −$8,725 | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.06 bp | 10.1 bp −$10 | 24.9 bp −$249 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NBISUSD | −0.0178% | 1h | 236.18 | −0.021% | $24K | $15K | 20x | as long as short |
| OKX NBIS-USDT-SWAPshort | 0.0000% | 8h | 236.17 | −0.024% | $3.4M | $16.8M | 25x | |
| SunX NBIS-USDT | 0.0000% | 8h | 236.28 | +0.023% | $1K | $1.7M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 235.80 | −0.180% | $15K | $112K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 236.22 | −0.002% | $1.6M | $972K | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0004% | 1h | 236.14 | −0.036% | $35K | $48K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0016% | 1h | 236.05 | −0.074% | $386K | $739K | 10x | as long as short |
| QFEX NBIS-USD | +0.0038% | 1h | 236.16 | −0.028% | $1.5M | $5.0M | 10x | as long as short |
| Gate NBIS_USDT | +0.0043% | 8h | 236.17 | −0.024% | $2.8M | $5.1M | 50x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 236.49 | +0.112% | — | $224K | 5x | as long as short |
Kraken Futures PF_NBISUSD
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDT
Deribit NBIS_USDC-PERPETUAL
Coinbase International NBIS-PERP-INTX
QFEX NBIS-USD
Gate NBIS_USDT
Vest NBIS-USD-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 235.64 | −0.248% | $175K | $504K | 10x | as long as short |
| Bitget NBISUSDT | +0.0083% | 8h | 236.20 | −0.011% | $2.5M | $4.6M | 20x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 235.95 | −0.117% | $487K | $23K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 236.27 | +0.019% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 236.22 | −0.003% | — | — | 10x | as long as short |
| Bybit NBISUSDT | +0.0120% | 8h | 236.18 | −0.019% | $5.1M | $6.5M | 50x | as long as short |
| Nado NBIS-PERP | +0.0191% | 1h | 236.25 | +0.011% | $31K | $66K | 3x | as long as short |
| SoDEX NBIS-USD | +0.0192% | 1h | 236.14 | −0.036% | $52 | $20K | 10x | as long as short |
| Variational Omni NBIS | +0.0230% | 8h | 235.75 | −0.202% | $2.9M | $820K | — | as long as short |
| BloFin NBIS-USDT | +0.0241% | 8h | 236.13 | −0.041% | $207K | $212K | 20x | as long as short |
| Aster NBISUSDT | +0.0250% | 8h | 235.97 | −0.110% | $82K | $308K | 50x | as long as short |
| Extended NBIS-USD | +0.0264% | 1h | 236.18 | −0.020% | $151K | $901K | 10x | as long as short |
| Binance NBISUSDTlong | +0.0270% | 8h | 236.23 | long leg | $19.7M | $85.7M | 25x | |
| Lighter NBIS | +0.0328% | 1h | 236.30 | +0.031% | $929K | $4.5M | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0357% | 1h | 236.39 | +0.070% | $136K | $433K | 10x | as long as short |
| Arcus NBIS-USD | +0.0366% | 1h | 235.87 | −0.151% | $44K | $132K | 5x | as long as short |
| Phoenix NBIS | +0.0409% | 1h | 236.14 | −0.036% | $7K | $163K | 10x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0435% | 8h | 235.71 | −0.219% | $5K | $133K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0455% | 1h | 236.08 | −0.062% | $55.3M | $23.7M | 10x | as long as short |
| edgeX NBISUSDC | +0.0550% | 4h | 235.72 | −0.212% | $38K | $229K | 10x | as long as short |
| Entropy io:NBIS | +0.0905% | 1h | 235.93 | −0.125% | $10.3M | $3.4M | 10x | as long as short |
Ondo Perps NBIS-USD.P
Bitget NBISUSDT
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Bybit NBISUSDT
Nado NBIS-PERP
SoDEX NBIS-USD
Variational Omni NBIS
BloFin NBIS-USDT
Aster NBISUSDT
Extended NBIS-USD
Lighter NBIS
Polymarket Perps NBIS-USD
Arcus NBIS-USD
Phoenix NBIS
GRVT NBIS_USDT_Perp
tradeXYZ xyz:NBIS
edgeX NBISUSDC
Entropy io:NBIS