NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0282%/8h= −30.8% APRnext payment −$0.35 per $10,000 · paid last 24h −0.119%

Price spread now: QFEX against Entropy−0.017%7-day average −0.074% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$420.420% of the position

Long on Entropy Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.131%−$13 on $10k

Price spread, last 7 days−0.089%−$9 · spread now −0.017%, 7d avg −0.074%

Together, before fees−0.220%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.057% dearer against Entropy than usual: you sell high and buy low (spread −0.017% now, against its 7-day average of −0.074%): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 3 days (−0.131% in total) that is about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:NBIS	233.79	0.0320	pay 0.0040% / 1h	12m 33s	$10.2M	$3.3M	10x
Short	QFEX NBIS-USD	233.75	0.0038	get 0.0005% / 1h	12m 33s	$1.5M	$5.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Entropy. 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 EntropybpFee QFEXbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$59.12
Price spread: −0.017% → −0.074%: $5.7
Slippage, 4 orders: −$13.98
Fee Entropy: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$95.4
Costs to cover: 0.420%
Break-even: never at this rate

Slippage from Entropy: live order book, 4 min ago; QFEX: live order book, 6 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 Entropy live order book, 4 min ago	1.28 bp	11.7 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.92 bp	7.7 bp −$8	11.3 bp −$113	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
Bybit NBISUSDT	0.0000%	8h	233.75	−0.017%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.73	−0.026%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.75	−0.017%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.75	−0.017%	$2.5M	$4.8M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.79	0.000%	$1K	$1.8M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.75	−0.017%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.81	+0.009%	$1.6M	$971K	10x	as long as short
QFEX NBIS-USDshort	+0.0038%	1h	233.75	−0.017%	$1.5M	$5.1M	10x
Arcus NBIS-USD	+0.0040%	1h	233.75	−0.017%	$44K	$133K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.84	+0.021%	—	$234K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit NBIS_USDC-PERPETUAL	+0.0050%	1h	233.68	−0.047%	$35K	$47K	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.78	−0.004%	$132K	$683K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.77	−0.009%	$19	$20K	10x	as long as short
Variational Omni NBIS	+0.0057%	8h	233.76	−0.012%	$2.8M	$825K	—	as long as short
Coinbase International NBIS-PERP-INTX	+0.0072%	1h	233.76	−0.013%	$358K	$701K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.53	−0.111%	$481K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.78	−0.004%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.78	−0.004%	—	—	10x	as long as short
Aster NBISUSDT	+0.0106%	8h	233.70	−0.040%	$79K	$304K	50x	as long as short
Extended NBIS-USD	+0.0112%	1h	233.76	−0.011%	$142K	$697K	10x	as long as short
Binance NBISUSDT	+0.0115%	8h	233.81	+0.010%	$19.4M	$86.9M	25x	as long as short
Ondo Perps NBIS-USD.P	+0.0118%	1h	233.73	−0.026%	$173K	$499K	10x	as long as short
BloFin NBIS-USDT	+0.0122%	8h	233.79	0.000%	$205K	$214K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0125%	8h	233.83	+0.017%	$5K	$142K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0210%	1h	233.81	+0.009%	$54.5M	$23.5M	10x	as long as short
edgeX NBISUSDC	+0.0223%	4h	233.77	−0.010%	$37K	$235K	10x	as long as short
Lighter NBIS	+0.0240%	1h	233.88	+0.038%	$931K	$4.6M	10x	as long as short
Nado NBIS-PERP	+0.0264%	1h	233.64	−0.065%	$28K	$63K	3x	as long as short
Entropy io:NBISlong	+0.0320%	1h	233.79	long leg	$10.2M	$3.3M	10x
Phoenix NBIS	+0.0343%	1h	233.85	+0.026%	$7K	$185K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0346%	1h	233.59	−0.084%	$24K	$13K	20x	as long as short