Funding you earn now, next payment 08:00 UTC+0.0121%/8h= +13.3% APRnext payment +$1.21 per $10,000 · paid last 24h +0.012%
Price spread now: BloFin against Bybit−0.021%92s7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as 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−$490.491% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 3 days (all we have)−0.008%−$1 · spread now −0.021%, 7d avg +0.017%
=Funding pays, the price is against you. BloFin is 0.038% cheaper against Bybit than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.017%). If the spread goes back, that is −$4 on $10k: about 25 hours of funding at the current rate (+$4 a day). The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NBISUSDT | 236.18 | 0.0120 | pay 0.0120% / 8h | 7h 27m | $5.1M | $6.5M | 50x |
| Short | BloFin NBIS-USDT | 236.13 | 0.0241 | get 0.0241% / 8h | 7h 27m | $207K | $212K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $25.43
- Price spread: −0.021% → +0.017%
- −$3.81
- Slippage, 4 orders
- −$26.1
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$27.48
- Costs to cover
- 0.491%
- Break-even
- 14.6 days
Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 37 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 Bybit live order book, 5 min ago | 2.12 bp | 19.3 bp −$19 | 72.1 bp −$721 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 37 min ago | 2.35 bp | 9.7 bp −$10 | 22.9 bp −$229 | 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 | −0.002% | $24K | $15K | 20x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 236.17 | −0.004% | $3.4M | $16.8M | 25x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 236.28 | +0.042% | $1K | $1.7M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 235.80 | −0.161% | $15K | $112K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 236.22 | +0.017% | $1.6M | $972K | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0004% | 1h | 236.14 | −0.017% | $35K | $48K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0016% | 1h | 236.05 | −0.055% | $386K | $739K | 10x | as long as short |
| QFEX NBIS-USD | +0.0038% | 1h | 236.16 | −0.008% | $1.5M | $5.0M | 10x | as long as short |
| Gate NBIS_USDT | +0.0043% | 8h | 236.17 | −0.004% | $2.8M | $5.1M | 50x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 236.49 | +0.131% | — | $224K | 5x | as long as short |
Show 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 | −0.229% | $175K | $504K | 10x | as long as short |
| Bitget NBISUSDT | +0.0083% | 8h | 236.20 | +0.008% | $2.5M | $4.6M | 20x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 235.95 | −0.097% | $487K | $23K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 236.27 | +0.038% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 236.22 | +0.016% | — | — | 10x | as long as short |
| Bybit NBISUSDTlong | +0.0120% | 8h | 236.18 | long leg | $5.1M | $6.5M | 50x | |
| Nado NBIS-PERP | +0.0191% | 1h | 236.25 | +0.030% | $31K | $66K | 3x | as long as short |
| SoDEX NBIS-USD | +0.0192% | 1h | 236.14 | −0.017% | $52 | $20K | 10x | as long as short |
| Variational Omni NBIS | +0.0230% | 8h | 235.75 | −0.183% | $2.9M | $820K | — | as long as short |
| BloFin NBIS-USDTshort | +0.0241% | 8h | 236.13 | −0.021% | $207K | $212K | 20x | |
| Aster NBISUSDT | +0.0250% | 8h | 235.97 | −0.091% | $82K | $308K | 50x | as long as short |
| Extended NBIS-USD | +0.0264% | 1h | 236.18 | −0.001% | $151K | $901K | 10x | as long as short |
| Binance NBISUSDT | +0.0270% | 8h | 236.23 | +0.019% | $19.7M | $85.7M | 25x | as long as short |
| Lighter NBIS | +0.0328% | 1h | 236.30 | +0.051% | $929K | $4.5M | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0357% | 1h | 236.39 | +0.089% | $136K | $433K | 10x | as long as short |
| Arcus NBIS-USD | +0.0366% | 1h | 235.87 | −0.131% | $44K | $132K | 5x | as long as short |
| Phoenix NBIS | +0.0409% | 1h | 236.14 | −0.017% | $7K | $163K | 10x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0435% | 8h | 235.71 | −0.200% | $5K | $133K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0455% | 1h | 236.08 | −0.042% | $55.3M | $23.7M | 10x | as long as short |
| edgeX NBISUSDC | +0.0550% | 4h | 235.72 | −0.193% | $38K | $229K | 10x | as long as short |
| Entropy io:NBIS | +0.0905% | 1h | 235.93 | −0.106% | $10.3M | $3.4M | 10x | as long as short |
Bybit NBISUSDT
BloFin NBIS-USDT
Kraken Futures PF_NBISUSD
OKX NBIS-USDT-SWAP
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDT
Deribit NBIS_USDC-PERPETUAL
Coinbase International NBIS-PERP-INTX
Gate NBIS_USDT
Bitget NBISUSDT
KuCoin NBISUSDTM
SoDEX NBIS-USD
Variational Omni NBIS
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Lighter NBIS
Polymarket Perps NBIS-USD
Phoenix NBIS
GRVT NBIS_USDT_Perp
tradeXYZ xyz:NBIS
edgeX NBISUSDC