Funding you earn now, next payment 02:00 UTC+0.0176%/8h= +19.3% APRpaid last 24h +0.012%
Price spread now: Binance against Deribit+0.026%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Binance is 0.026% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit NBIS_USDC-PERPETUAL | 234.08 | 0 | get 0.0000% / 1h | 1m 54s | $35K | $48K | 10x |
| Short | Binance NBISUSDT | 234.14 | 0.0176 | get 0.0176% / 8h | 6h 01m | $19.1M | $84.7M | 25x |
Deribit NBIS_USDC-PERPETUAL
Binance NBISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Deribit. 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
- $36.95
- Price spread: +0.026% → 0.000%
- $2.56
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $22.51
- Costs to cover
- 0.170%
- Break-even
- 2.7 days
Slippage unknown: Deribit: no order-book sample; Binance: live order book, 11 min ago. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 11 min ago | 0.21 bp | 8.4 bp −$8 | 22.2 bp −$222 | 77.1 bp −$7,713 | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 NBISUSDT | 0.0000% | 8h | 234.21 | +0.056% | $5.0M | $6.3M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 234.21 | +0.056% | $3.4M | $16.3M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 234.19 | +0.047% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 234.18 | +0.043% | $2.4M | $4.4M | 20x | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 234.03 | −0.023% | $5K | $128K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 234.07 | −0.004% | $1K | $1.7M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUALlong | 0.0000% | 1h | 234.08 | long leg | $35K | $48K | 10x | |
| HTX NBIS-USDT | 0.0000% | 8h | 234.02 | −0.026% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 234.22 | +0.060% | $1.6M | $970K | 10x | as long as short |
| QFEX NBIS-USD | +0.0024% | 1h | 234.03 | −0.021% | $1.5M | $4.5M | 10x | as long as short |
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Nado NBIS-PERP | +0.0036% | 1h | 234.01 | −0.031% | $67K | $95K | 3x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 233.88 | −0.085% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 234.27 | +0.081% | — | $215K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 233.96 | −0.051% | $149K | $453K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 234.10 | +0.009% | $14 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 234.05 | −0.013% | $163K | $497K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0058% | 1h | 234.04 | −0.017% | $54.7M | $19.8M | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0096% | 1h | 234.16 | +0.035% | $24K | $15K | 20x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 234.06 | −0.009% | $482K | $21K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 234.14 | +0.026% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 234.12 | +0.015% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0112% | 1h | 233.53 | −0.235% | $382K | $712K | 10x | as long as short |
| Variational Omni NBIS | +0.0152% | 8h | 234.06 | −0.009% | $2.8M | $570K | — | as long as short |
| Aster NBISUSDT | +0.0162% | 8h | 234.32 | +0.103% | $81K | $307K | 50x | as long as short |
| Binance NBISUSDTshort | +0.0176% | 8h | 234.14 | +0.026% | $19.1M | $84.7M | 25x | |
| Extended NBIS-USD | +0.0176% | 1h | 234.08 | +0.002% | $147K | $698K | 10x | as long as short |
| Lighter NBIS | +0.0200% | 1h | 234.21 | +0.056% | $904K | $4.4M | 10x | as long as short |
| edgeX NBISUSDC | +0.0277% | 4h | 234.06 | −0.008% | $38K | $226K | 10x | as long as short |
| Phoenix NBIS | +0.0306% | 1h | 234.06 | −0.009% | $7K | $152K | 10x | as long as short |
| Entropy io:NBIS | +0.0392% | 1h | 234.01 | −0.030% | $10.2M | $3.3M | 10x | as long as short |
Nado NBIS-PERP
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
tradeXYZ xyz:NBIS
Kraken Futures PF_NBISUSD
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
Variational Omni NBIS
Aster NBISUSDT
Extended NBIS-USD
Lighter NBIS
edgeX NBISUSDC
Phoenix NBIS
Entropy io:NBIS