Settings8H · net · $10k
Funding arb · Price arb /

NBIS

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Alert: funding
Alert: spread
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 − costsprices read too far apart to compare
costs, in and out, $10k−$420.425% of the position
What this pair did over the last
the charts below follow
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NBIS-USDT236.480.0272pay 0.0272% / 8h7h 46m$206K$214K20x
ShorttradeXYZ xyz:NBIS236.260.0896get 0.0112% / 1h46m 07s$55.2M$23.6M10x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 19 min ago2.35 bp9.6 bp −$1019.2 bp −$192doesn't fitdoesn't fit
Sell tradeXYZ live order book, 13 min ago1.27 bp10.8 bp −$1115.5 bp −$155doesn't fitdoesn't fit

NBIS on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NBISUSD−0.0178%1h236.19−0.123%$24K$15K20xas long as short
OKX NBIS-USDT-SWAP0.0000%8h236.32−0.068%$3.4M$16.9M25xas long as short
Bitget NBISUSDT0.0000%8h236.30−0.076%$2.5M$4.7M20xas long as short
SunX NBIS-USDT0.0000%8h236.35−0.055%$1K$1.7M10xas long as short
Phemex NBISUSDT0.0000%8h236.30−0.076%$1.6M$973K10xas long as short
Coinbase International NBIS-PERP-INTX+0.0016%1h235.49−0.419%$361K$683K10xas long as short
QFEX NBIS-USD+0.0038%1h236.25−0.097%$1.5M$5.1M10xas long as short
Vest NBIS-USD-PERP+0.0046%1h236.59+0.047%$234K5xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h236.21−0.114%$175K$507K10xas long as short
HTX NBIS-USDT+0.0054%8h236.39−0.038%$15K$112K20xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NBISUSDTM+0.0100%8h236.09−0.165%$487K$24K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h236.31−0.072%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h236.11−0.155%10xas long as short
Gate NBIS_USDT+0.0108%8h236.25−0.097%$2.8M$5.1M50xas long as short
Nado NBIS-PERP+0.0212%1h236.20−0.118%$29K$63K3xas long as short
Variational Omni NBIS+0.0213%8h236.31−0.070%$2.9M$817Kas long as short
Aster NBISUSDT+0.0231%8h236.05−0.182%$82K$308K50xas long as short
Extended NBIS-USD+0.0248%1h236.24−0.101%$139K$826K10xas long as short
Binance NBISUSDT+0.0248%8h236.34−0.061%$19.6M$86.0M25xas long as short
BloFin NBIS-USDTlong+0.0272%8h236.48long leg$206K$214K20x
Bybit NBISUSDT+0.0275%8h236.34−0.059%$5.2M$6.5M50xas long as short
Lighter NBIS+0.0360%1h236.38−0.042%$929K$4.4M10xas long as short
Arcus NBIS-USD+0.0366%1h236.08−0.169%$44K$132K5xas long as short
Deribit NBIS_USDC-PERPETUAL+0.0385%1h236.26−0.093%$35K$48K10xas long as short
edgeX NBISUSDC+0.0391%4h236.21−0.113%$38K$229K10xas long as short
Phoenix NBIS+0.0409%1h236.34−0.059%$7K$163K10xas long as short
GRVT NBIS_USDT_Perp+0.0498%8h236.24−0.102%$5K$137K10xas long as short
SoDEX NBIS-USD+0.0617%1h236.27−0.089%$38$20K10xas long as short
Polymarket Perps NBIS-USD+0.0786%1h236.28−0.085%$140K$429K10xas long as short
tradeXYZ xyz:NBISshort+0.0896%1h236.26−0.093%$55.2M$23.6M10x
Entropy io:NBIS+0.0931%1h236.06−0.178%$10.3M$3.4M10xas long as short