Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h +0.051%

Price spread now: Kraken Futures against BloFin−0.137%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 0.137% cheaper against BloFin than usual: you would sell low and buy high (spread −0.137% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 28 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NBIS-USDT	234.47	0.0232	pay 0.0232% / 8h	41m 06s	$205K	$214K	20x
Short	Kraken Futures PF_NBISUSD	234.15	0.0249	get 0.0031% / 1h	41m 06s	$24K	$13K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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 BloFinbpFee Kraken FuturesbpOrdersPrice spread, now −0.137%Rate

Funding earned: $3.45
Price spread: −0.137% → 0.000%: −$13.7
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$32.26
Costs to cover: 0.220%
Break-even: 72.5 days

Slippage unknown: BloFin: live order book, 29 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 BloFin live order book, 29 min ago	0.86 bp	9.1 bp −$9	15.2 bp −$152	doesn't fit	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 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	234.39	−0.034%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.38	−0.038%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.37	−0.043%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.38	−0.038%	$2.5M	$4.8M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.40	−0.030%	$909	$1.8M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	234.36	−0.047%	$35K	$48K	10x	as long as short
Coinbase International NBIS-PERP-INTX	0.0000%	1h	233.76	−0.303%	$358K	$676K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.46	−0.004%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.38	−0.038%	$1.6M	$967K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.49	+0.009%	—	$234K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps NBIS-USD	+0.0050%	1h	234.38	−0.038%	$147K	$706K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.38	−0.038%	$28	$20K	10x	as long as short
QFEX NBIS-USD	+0.0051%	1h	234.34	−0.055%	$1.5M	$5.1M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.24	−0.098%	$483K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.38	−0.038%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.43	−0.019%	—	—	10x	as long as short
Variational Omni NBIS	+0.0202%	8h	234.45	−0.008%	$2.9M	$821K	—	as long as short
Nado NBIS-PERP	+0.0207%	1h	234.25	−0.093%	$28K	$63K	3x	as long as short
Aster NBISUSDT	+0.0223%	8h	234.33	−0.062%	$79K	$306K	50x	as long as short
BloFin NBIS-USDTlong	+0.0232%	8h	234.47	long leg	$205K	$214K	20x
Binance NBISUSDT	+0.0238%	8h	234.42	−0.020%	$19.4M	$86.3M	25x	as long as short
Extended NBIS-USD	+0.0240%	1h	234.35	−0.052%	$142K	$697K	10x	as long as short
Kraken Futures PF_NBISUSDshort	+0.0249%	1h	234.15	−0.137%	$24K	$13K	20x
GRVT NBIS_USDT_Perp	+0.0252%	8h	234.45	−0.007%	$5K	$140K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0259%	1h	234.33	−0.060%	$174K	$498K	10x	as long as short
Arcus NBIS-USD	+0.0269%	1h	234.34	−0.055%	$44K	$134K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0273%	1h	234.44	−0.013%	$54.7M	$23.3M	10x	as long as short
Lighter NBIS	+0.0368%	1h	234.54	+0.030%	$931K	$4.6M	10x	as long as short
Phoenix NBIS	+0.0376%	1h	234.52	+0.021%	$7K	$163K	10x	as long as short
edgeX NBISUSDC	+0.0502%	4h	234.37	−0.042%	$38K	$236K	10x	as long as short
Entropy io:NBIS	+0.0506%	1h	234.38	−0.038%	$10.2M	$3.4M	10x	as long as short