Funding you earn now, next payment 01:00 UTC+0.0624%/8h= +68.3% APRpaid last 24h +0.050%
Price spread now: tradeXYZ against BloFin−0.093%68s7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.425% of the position
Funding, last 7 days+0.188%+$19 on $10k
+Price spread, last 3 days (all we have)+0.135%+$13 · spread now −0.093%, 7d avg −0.010%
=Together, before fees+0.323%+ Points / potential airdroptradeXYZ: Active · farm board+$32 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.083% cheaper against BloFin than usual: you would sell low and buy high (spread −0.093% now, against its 7-day average of −0.010%). If the spread goes back, that is −$8 on $10k: about 11 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.188% in total) that is about 3.1 days. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.188% in total (about 9.8% a year). A funding rate is set anew for every payment. 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 | BloFin NBIS-USDT | 236.48 | 0.0272 | pay 0.0272% / 8h | 7h 46m | $206K | $214K | 20x |
| Short | tradeXYZ xyz:NBIS | 236.26 | 0.0896 | get 0.0112% / 1h | 46m 07s | $55.2M | $23.6M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against BloFin. 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
- $130.96
- Price spread: −0.093% → −0.010%
- −$8.31
- Slippage, 4 orders
- −$12.46
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $80.19
- Costs to cover
- 0.425%
- Break-even
- 2.7 days
Slippage from BloFin: live order book, 19 min ago; tradeXYZ: live order book, 13 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 BloFin live order book, 19 min ago | 2.35 bp | 9.6 bp −$10 | 19.2 bp −$192 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 13 min ago | 1.27 bp | 10.8 bp −$11 | 15.5 bp −$155 | 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 | 236.19 | −0.123% | $24K | $15K | 20x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 236.32 | −0.068% | $3.4M | $16.9M | 25x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 236.30 | −0.076% | $2.5M | $4.7M | 20x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 236.35 | −0.055% | $1K | $1.7M | 10x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 236.30 | −0.076% | $1.6M | $973K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0016% | 1h | 235.49 | −0.419% | $361K | $683K | 10x | as long as short |
| QFEX NBIS-USD | +0.0038% | 1h | 236.25 | −0.097% | $1.5M | $5.1M | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 236.59 | +0.047% | — | $234K | 5x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 236.21 | −0.114% | $175K | $507K | 10x | as long as short |
| HTX NBIS-USDT | +0.0054% | 8h | 236.39 | −0.038% | $15K | $112K | 20x | as long as short |
Show all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NBISUSDTM | +0.0100% | 8h | 236.09 | −0.165% | $487K | $24K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 236.31 | −0.072% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 236.11 | −0.155% | — | — | 10x | as long as short |
| Gate NBIS_USDT | +0.0108% | 8h | 236.25 | −0.097% | $2.8M | $5.1M | 50x | as long as short |
| Nado NBIS-PERP | +0.0212% | 1h | 236.20 | −0.118% | $29K | $63K | 3x | as long as short |
| Variational Omni NBIS | +0.0213% | 8h | 236.31 | −0.070% | $2.9M | $817K | — | as long as short |
| Aster NBISUSDT | +0.0231% | 8h | 236.05 | −0.182% | $82K | $308K | 50x | as long as short |
| Extended NBIS-USD | +0.0248% | 1h | 236.24 | −0.101% | $139K | $826K | 10x | as long as short |
| Binance NBISUSDT | +0.0248% | 8h | 236.34 | −0.061% | $19.6M | $86.0M | 25x | as long as short |
| BloFin NBIS-USDTlong | +0.0272% | 8h | 236.48 | long leg | $206K | $214K | 20x | |
| Bybit NBISUSDT | +0.0275% | 8h | 236.34 | −0.059% | $5.2M | $6.5M | 50x | as long as short |
| Lighter NBIS | +0.0360% | 1h | 236.38 | −0.042% | $929K | $4.4M | 10x | as long as short |
| Arcus NBIS-USD | +0.0366% | 1h | 236.08 | −0.169% | $44K | $132K | 5x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0385% | 1h | 236.26 | −0.093% | $35K | $48K | 10x | as long as short |
| edgeX NBISUSDC | +0.0391% | 4h | 236.21 | −0.113% | $38K | $229K | 10x | as long as short |
| Phoenix NBIS | +0.0409% | 1h | 236.34 | −0.059% | $7K | $163K | 10x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0498% | 8h | 236.24 | −0.102% | $5K | $137K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0617% | 1h | 236.27 | −0.089% | $38 | $20K | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0786% | 1h | 236.28 | −0.085% | $140K | $429K | 10x | as long as short |
| tradeXYZ xyz:NBISshort | +0.0896% | 1h | 236.26 | −0.093% | $55.2M | $23.6M | 10x | |
| Entropy io:NBIS | +0.0931% | 1h | 236.06 | −0.178% | $10.3M | $3.4M | 10x | as long as short |
BloFin NBIS-USDT
tradeXYZ xyz:NBIS
Kraken Futures PF_NBISUSD
OKX NBIS-USDT-SWAP
Bitget NBISUSDT
SunX NBIS-USDT
Phemex NBISUSDT
Coinbase International NBIS-PERP-INTX
HTX NBIS-USDT
KuCoin NBISUSDTM
Gate NBIS_USDT
Variational Omni NBIS
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
Lighter NBIS
Deribit NBIS_USDC-PERPETUAL
edgeX NBISUSDC
Phoenix NBIS
GRVT NBIS_USDT_Perp
SoDEX NBIS-USD
Polymarket Perps NBIS-USD