NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0392%/8h= −42.9% APRnext payment −$0.49 per $10,000 · paid last 24h +0.049%

Price spread now: Kraken Futures against Deribit+0.034%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. Kraken Futures is 0.034% dearer against Deribit than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NBIS_USDC-PERPETUAL	231.75	0.0614	pay 0.0077% / 1h	2m 46s	$34K	$49K	10x
Short	Kraken Futures PF_NBISUSD	231.83	0.0222	get 0.0028% / 1h	2m 46s	$23K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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 DeribitbpFee Kraken FuturesbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$82.24
Price spread: +0.034% → 0.000%: $3.43
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$95.81
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Kraken Futures: no order-book sample. 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 Kraken Futures no order-book sample	—	—	—	—	—

Deribit and Kraken Futures: 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 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	−0.0402%	8h	231.92	+0.073%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0011%	8h	231.95	+0.086%	$202K	$206K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.76	+0.005%	$85K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.80	+0.022%	$146K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.89	+0.062%	$18.6M	$87.1M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.87	+0.052%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.80	+0.022%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.89	+0.060%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	232.29	+0.235%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.27	+0.223%	$5K	$117K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	232.11	+0.155%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	232.09	+0.147%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.94	+0.082%	$1.6M	$959K	10x	as long as short
QFEX NBIS-USD	+0.0029%	1h	231.94	+0.082%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	232.00	+0.108%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	231.90	+0.065%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.81	+0.026%	$138K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.29	+0.233%	$151K	$548K	10x	as long as short
Nado NBIS-PERP	+0.0054%	1h	231.77	+0.007%	$38K	$115K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	231.70	−0.022%	$478K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.89	+0.060%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.89	+0.059%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0123%	1h	231.80	+0.022%	$54.5M	$21.1M	10x	as long as short
SoDEX NBIS-USD	+0.0123%	1h	231.87	+0.052%	$88	$20K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	232.18	+0.186%	$352K	$816K	10x	as long as short
Kraken Futures PF_NBISUSDshort	+0.0222%	1h	231.83	+0.034%	$23K	$15K	20x
Phoenix NBIS	+0.0242%	1h	232.20	+0.194%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0272%	1h	231.85	+0.043%	$940K	$4.0M	10x	as long as short
Entropy io:NBIS	+0.0400%	1h	231.88	+0.056%	$10.1M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0481%	4h	232.13	+0.166%	$37K	$227K	10x	as long as short
Deribit NBIS_USDC-PERPETUALlong	+0.0614%	1h	231.75	long leg	$34K	$49K	10x