Funding you earn now, next payment 05:00 UTC+0.0282%/8h= +30.8% APRnext payment +$0.35 per $10,000 · paid last 24h +0.048%
Price spread now: Entropy against Kraken Futures+0.040%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 +$8 a day on $10k at the current rate, and Entropy is 0.040% dearer against Kraken Futures than usual: you sell high and buy low: +$4 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 | Kraken Futures PF_NBISUSD | 234.22 | 0.0048 | pay 0.0006% / 1h | 44m 55s | $23K | $15K | 20x |
| Short | Entropy io:NBIS | 234.31 | 0.0330 | get 0.0041% / 1h | 44m 55s | $10.2M | $3.2M | 10x |
Kraken Futures PF_NBISUSD
Entropy io:NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against Kraken Futures. 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
- $59.13
- Price spread: +0.040% → 0.000%
- $3.96
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- $35.09
- Costs to cover
- 0.280%
- Break-even
- 2.8 days
Slippage unknown: Kraken Futures: no order-book sample; Entropy: live order book, 2 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Entropy live order book, 2 min ago | 1.49 bp | 18.0 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin NBIS-USDT | −0.0011% | 8h | 234.47 | +0.108% | $207K | $206K | 20x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 234.47 | +0.108% | $5.0M | $6.3M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 234.41 | +0.082% | $3.4M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 234.35 | +0.057% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 234.39 | +0.074% | $2.4M | $4.4M | 20x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 234.44 | +0.095% | $2.9M | $557K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 233.86 | −0.153% | $4K | $120K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 234.48 | +0.112% | $924 | $1.7M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 234.27 | +0.023% | $35K | $49K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 234.45 | +0.099% | $15K | $60K | 20x | as long as short |
BloFin NBIS-USDT
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
Variational Omni NBIS
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex NBISUSDT | 0.0000% | 8h | 234.43 | +0.091% | $1.6M | $954K | 10x | as long as short |
| Aster NBISUSDT | +0.0002% | 8h | 234.69 | +0.201% | $79K | $310K | 50x | as long as short |
| Binance NBISUSDT | +0.0004% | 8h | 234.41 | +0.080% | $19.3M | $84.6M | 25x | as long as short |
| Extended NBIS-USD | +0.0008% | 1h | 234.34 | +0.051% | $147K | $699K | 10x | as long as short |
| QFEX NBIS-USD | +0.0034% | 1h | 234.38 | +0.069% | $1.5M | $4.0M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 234.14 | −0.033% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 234.57 | +0.151% | — | $216K | 5x | as long as short |
| Kraken Futures PF_NBISUSDlong | +0.0048% | 1h | 234.22 | long leg | $23K | $15K | 20x | |
| tradeXYZ xyz:NBIS | +0.0050% | 1h | 234.35 | +0.057% | $54.7M | $20.0M | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 234.26 | +0.018% | $147K | $456K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 234.39 | +0.074% | $80 | $21K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 234.36 | +0.061% | $160K | $502K | 10x | as long as short |
| Nado NBIS-PERP | +0.0058% | 1h | 234.36 | +0.059% | $38K | $115K | 3x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 234.36 | +0.061% | $483K | $20K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 234.36 | +0.061% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 234.37 | +0.065% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0104% | 1h | 235.56 | +0.573% | $389K | $724K | 10x | as long as short |
| Phoenix NBIS | +0.0239% | 1h | 234.36 | +0.061% | $7K | $150K | 10x | as long as short |
| Lighter NBIS | +0.0248% | 1h | 234.49 | +0.116% | $915K | $3.9M | 10x | as long as short |
| Entropy io:NBISshort | +0.0330% | 1h | 234.31 | +0.040% | $10.2M | $3.2M | 10x | |
| edgeX NBISUSDC | +0.0720% | 4h | 234.32 | +0.046% | $38K | $227K | 10x | as long as short |
Phemex NBISUSDT
Aster NBISUSDT
Binance NBISUSDT
Extended NBIS-USD
QFEX NBIS-USD
Arcus NBIS-USD
Vest NBIS-USD-PERP
tradeXYZ xyz:NBIS
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Nado NBIS-PERP
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
Phoenix NBIS
Lighter NBIS
edgeX NBISUSDC