NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0120%/8h= −13.1% APRnext payment −$0.15 per $10,000 · paid last 24h −0.059%

Price spread now: Extended against Coinbase International−0.400%7-day average −0.131% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$490.495% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.419%−$42 on $10k

Price spread, last 4 days (all we have)+0.234%+$23 · spread now −0.400%, 7d avg −0.131%

Together, before fees−0.186%+ Points / potential airdropExtended: Active · farm board−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Extended is 0.269% cheaper against Coinbase International than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.131%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NBIS-PERP-INTX	232.18	0.0120	pay 0.0015% / 1h	56m 21s	$352K	$816K	10x
Short	Extended NBIS-USD	231.25	0	get 0.0000% / 1h	56m 21s	$146K	$753K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.400%Rate

Funding earned: −$25.2
Price spread: −0.400% → −0.131%: −$26.95
Slippage, 4 orders: −$34.47
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$101.61
Costs to cover: 0.495%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 52 min ago; Extended: live order book, 52 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, 52 min ago	7.11 bp	13.8 bp −$14	21.3 bp −$213	doesn't fit	doesn't fit
Sell Extended live order book, 52 min ago	1.94 bp	11.8 bp −$12	165.8 bp −$1,658	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
Bitget NBISUSDT	−0.0378%	8h	231.39	−0.340%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.21	−0.418%	$84K	$311K	50x	as long as short
Extended NBIS-USDshort	0.0000%	1h	231.25	−0.400%	$146K	$753K	10x
Binance NBISUSDT	0.0000%	8h	231.31	−0.375%	$18.6M	$87.1M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.33	−0.366%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.29	−0.383%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.29	−0.383%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.98	−0.087%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.04	−0.058%	$5K	$116K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	232.02	−0.069%	$1K	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	231.79	−0.168%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.27	−0.392%	$1.6M	$959K	10x	as long as short
BloFin NBIS-USDT	+0.0015%	8h	231.74	−0.190%	$203K	$206K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.66	−0.224%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.31	−0.375%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.21	−0.418%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	231.27	−0.392%	$79	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.66	−0.224%	$151K	$548K	10x	as long as short
QFEX NBIS-USD	+0.0056%	1h	231.28	−0.388%	$1.5M	$3.9M	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.20	−0.422%	$477K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.26	−0.396%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.24	−0.404%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTXlong	+0.0120%	1h	232.18	long leg	$352K	$816K	10x
Nado NBIS-PERP	+0.0170%	1h	231.27	−0.392%	$38K	$115K	3x	as long as short
edgeX NBISUSDC	+0.0170%	4h	231.80	−0.162%	$37K	$225K	10x	as long as short
Phoenix NBIS	+0.0242%	1h	232.06	−0.052%	$7K	$149K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0247%	1h	231.25	−0.401%	$54.3M	$21.1M	10x	as long as short
Lighter NBIS	+0.0312%	1h	231.54	−0.276%	$939K	$3.9M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0312%	1h	231.27	−0.392%	$34K	$49K	10x	as long as short
Entropy io:NBIS	+0.0601%	1h	231.58	−0.258%	$10.1M	$3.2M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0683%	1h	231.27	−0.393%	$23K	$15K	20x	as long as short