NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h −0.052%

Price spread now: Arcus against Coinbase International+0.107%7-day average −0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$450.445% of the position

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.055%−$5 on $10k

Price spread, last 3 days (all we have)−0.216%−$22 · spread now +0.107%, 7d avg −0.107%

Together, before fees−0.270%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.214% dearer against Coinbase International than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of −0.107%): +$21 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NBIS-PERP-INTX	233.53	0.0104	pay 0.0013% / 1h	58m 57s	$382K	$712K	10x
Short	Arcus NBIS-USD	233.78	0.0040	get 0.0005% / 1h	58m 57s	$42K	$132K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Coinbase International. 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 Coinbase InternationalbpFee ArcusbpOrdersPrice spread, now +0.107%Rate

Funding earned: −$13.38
Price spread: +0.107% → −0.107%: $21.38
Slippage, 4 orders: −$30.04
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$36.55
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Arcus: live order book, 4 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 Coinbase International live order book, 4 min ago	9.19 bp	14.2 bp −$14	19.4 bp −$194	doesn't fit	doesn't fit
Sell Arcus live order book, 4 min ago	4.70 bp	8.6 bp −$9	17.2 bp −$172	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
Nado NBIS-PERP	−0.0152%	1h	233.60	+0.030%	$67K	$95K	3x	as long as short
Bybit NBISUSDT	0.0000%	8h	233.93	+0.171%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.00	+0.201%	$3.4M	$16.3M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.91	+0.163%	$2.8M	$4.9M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.98	+0.193%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.04	+0.220%	$5K	$128K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.63	+0.043%	$922	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.74	+0.090%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.92	+0.167%	$1.6M	$970K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	233.77	+0.103%	$1.5M	$4.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USDshort	+0.0040%	1h	233.78	+0.107%	$42K	$132K	5x
Vest NBIS-USD-PERP	+0.0046%	1h	233.95	+0.180%	—	$215K	5x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0050%	1h	233.69	+0.069%	$35K	$48K	10x	as long as short
Entropy io:NBIS	+0.0050%	1h	233.81	+0.120%	$10.2M	$3.3M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.66	+0.056%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.71	+0.077%	$19	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.04	+0.218%	$164K	$497K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.88	+0.150%	$482K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.70	+0.073%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.71	+0.077%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTXlong	+0.0104%	1h	233.53	long leg	$382K	$712K	10x
Variational Omni NBIS	+0.0141%	8h	233.95	+0.182%	$2.8M	$570K	—	as long as short
Kraken Futures PF_NBISUSD	+0.0152%	1h	233.85	+0.136%	$24K	$15K	20x	as long as short
Aster NBISUSDT	+0.0155%	8h	233.95	+0.182%	$81K	$307K	50x	as long as short
Binance NBISUSDT	+0.0168%	8h	234.09	+0.240%	$19.1M	$84.7M	25x	as long as short
Extended NBIS-USD	+0.0168%	1h	233.91	+0.163%	$147K	$698K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0214%	1h	233.85	+0.137%	$54.6M	$19.9M	10x	as long as short
Lighter NBIS	+0.0248%	1h	233.77	+0.103%	$903K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	234.08	+0.236%	$7K	$149K	10x	as long as short
edgeX NBISUSDC	+0.0480%	4h	233.91	+0.161%	$38K	$227K	10x	as long as short