Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.012%
Price spread now: KuCoin against Bybit−0.026%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$217as in the Funding arb table
Net, price: spread back to 7d avg − costs−$216as in the Price arb table
costs, in and out, $10k−$2192.190% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)−0.091%−$9 · spread now −0.026%, 7d avg −0.060%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.034% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.060%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NBISUSDT | 234.23 | 0 | get 0.0000% / 8h | 6h 16m | $5.1M | $6.3M | 50x |
| Short | KuCoin NBISUSDTM | 234.17 | 0.0100 | get 0.0100% / 8h | 6h 16m | $483K | $21K | 20x |
Bybit NBISUSDT
KuCoin NBISUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: −0.026% → −0.060%
- $3.41
- Slippage, 4 orders
- −$196
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$194.59
- Costs to cover
- 2.190%
- Break-even
- 71.9 days
Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 21 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, 1 min ago | 2.99 bp | 12.5 bp −$13 | 60.9 bp −$609 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 21 min ago | 31.51 bp | 106.5 bp −$107 | doesn't fit | doesn't fit | doesn't fit |
NBIS on 30 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 NBISUSDTlong | 0.0000% | 8h | 234.23 | long leg | $5.1M | $6.3M | 50x | |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 234.17 | −0.026% | $3.4M | $16.4M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 234.20 | −0.013% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 234.18 | −0.021% | $2.4M | $4.5M | 20x | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 234.07 | −0.066% | $5K | $128K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 234.28 | +0.021% | $944 | $1.7M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 234.20 | −0.013% | $35K | $48K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 234.04 | −0.081% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 234.28 | +0.021% | $1.6M | $972K | 10x | as long as short |
| QFEX NBIS-USD | +0.0024% | 1h | 234.18 | −0.021% | $1.5M | $4.5M | 10x | as long as short |
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Phemex NBISUSDT
QFEX NBIS-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NBIS-USD | +0.0040% | 1h | 234.08 | −0.064% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 234.40 | +0.073% | — | $215K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 234.26 | +0.013% | $149K | $453K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 234.28 | +0.021% | $61 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 233.96 | −0.115% | $164K | $498K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0063% | 1h | 234.20 | −0.013% | $54.7M | $20.0M | 10x | as long as short |
| Nado NBIS-PERP | +0.0071% | 1h | 234.24 | +0.005% | $67K | $95K | 3x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0096% | 1h | 234.12 | −0.046% | $24K | $15K | 20x | as long as short |
| KuCoin NBISUSDTMshort | +0.0100% | 8h | 234.17 | −0.026% | $483K | $21K | 20x | |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 234.27 | +0.017% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 234.24 | +0.004% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0112% | 1h | 233.89 | −0.145% | $383K | $714K | 10x | as long as short |
| Variational Omni NBIS | +0.0184% | 8h | 234.12 | −0.046% | $2.8M | $571K | — | as long as short |
| Aster NBISUSDT | +0.0189% | 8h | 234.38 | +0.065% | $81K | $314K | 50x | as long as short |
| Binance NBISUSDT | +0.0206% | 8h | 234.21 | −0.007% | $19.2M | $84.8M | 25x | as long as short |
| Extended NBIS-USD | +0.0208% | 1h | 234.16 | −0.030% | $147K | $699K | 10x | as long as short |
| Lighter NBIS | +0.0232% | 1h | 234.24 | +0.004% | $904K | $4.4M | 10x | as long as short |
| Phoenix NBIS | +0.0306% | 1h | 234.27 | +0.017% | $7K | $152K | 10x | as long as short |
| Entropy io:NBIS | +0.0409% | 1h | 234.20 | −0.013% | $10.2M | $3.3M | 10x | as long as short |
| edgeX NBISUSDC | +0.0978% | 4h | 234.03 | −0.086% | $38K | $227K | 10x | as long as short |
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
tradeXYZ xyz:NBIS
Nado NBIS-PERP
Kraken Futures PF_NBISUSD
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
Variational Omni NBIS
Aster NBISUSDT
Binance NBISUSDT
Extended NBIS-USD
Lighter NBIS
Phoenix NBIS
Entropy io:NBIS
edgeX NBISUSDC