NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0015%/8h= −1.7% APRnext payment −$0.02 per $10,000 · paid last 24h −0.059%

Price spread now: QFEX against Coinbase International+0.356%7-day average −0.102% · 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+$5as in the Price arb table

costs, in and out, $10k−$410.405% of the position

Long on Coinbase International Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.204%−$20 on $10k

Price spread, last 4 days (all we have)−0.501%−$50 · spread now +0.356%, 7d avg −0.102%

Together, before fees−0.705%−$71 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.458% dearer against Coinbase International than usual: you sell high and buy low (spread +0.356% now, against its 7-day average of −0.102%): +$46 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 4 days (−0.204% in total) that is about 8.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NBIS-PERP-INTX	230.39	0.0056	pay 0.0007% / 1h	17m 53s	$353K	$805K	10x
Short	QFEX NBIS-USD	231.21	0.0041	get 0.0005% / 1h	17m 53s	$1.5M	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.356%Rate

Funding earned: −$3.21
Price spread: +0.356% → −0.102%: $45.81
Slippage, 4 orders: −$20.52
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: $2.09
Costs to cover: 0.405%
Break-even: from the start

Slippage from Coinbase International: live order book, 20 min ago; QFEX: live order book, 11 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, 20 min ago	6.27 bp	12.2 bp −$12	20.6 bp −$206	doesn't fit	doesn't fit
Sell QFEX live order book, 11 min ago	1.95 bp	9.0 bp −$9	12.1 bp −$121	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	−0.0400%	8h	231.36	+0.421%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.20	+0.350%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.24	+0.370%	$144K	$879K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.30	+0.396%	$18.8M	$87.9M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.26	+0.378%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.24	+0.369%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.35	+0.417%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.98	+0.258%	$2.8M	$589K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.02	+0.273%	$4K	$115K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	231.24	+0.369%	$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	231.10	+0.308%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.36	+0.421%	$1.6M	$970K	10x	as long as short
BloFin NBIS-USDT	+0.0019%	8h	231.17	+0.339%	$205K	$212K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.89	+0.217%	$42K	$131K	5x	as long as short
QFEX NBIS-USDshort	+0.0041%	1h	231.21	+0.356%	$1.5M	$3.7M	10x
Vest NBIS-USD-PERP	+0.0046%	1h	230.96	+0.247%	—	$223K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.06	+0.291%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	231.20	+0.352%	$97	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	231.22	+0.360%	$150K	$543K	10x	as long as short
Coinbase International NBIS-PERP-INTXlong	+0.0056%	1h	230.39	long leg	$353K	$805K	10x
KuCoin NBISUSDTM	+0.0100%	8h	230.92	+0.230%	$475K	$24K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.19	+0.347%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.14	+0.325%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0107%	1h	231.12	+0.317%	$54.1M	$21.2M	10x	as long as short
Nado NBIS-PERP	+0.0173%	1h	230.87	+0.208%	$38K	$116K	3x	as long as short
Lighter NBIS	+0.0288%	1h	231.03	+0.278%	$944K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0312%	1h	230.93	+0.234%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0415%	1h	230.97	+0.252%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.21	+0.354%	$23K	$15K	20x	as long as short
edgeX NBISUSDC	+0.0776%	4h	230.81	+0.182%	$37K	$227K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0876%	1h	231.12	+0.317%	$34K	$49K	10x	as long as short