Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.001%
Price spread now: Binance against KuCoin+0.007%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$312as in the Funding arb table
Net, price: spread back to 7d avg − costs−$315as in the Price arb table
costs, in and out, $10k−$3063.065% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)+0.936%+$94 · spread now +0.007%, 7d avg +0.090%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.083% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.090%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin NBISUSDTM | 232.62 | 0.0100 | pay 0.0100% / 8h | 2h 49m | $479K | $20K | 20x |
| Short | Binance NBISUSDT | 232.64 | 0 | get 0.0000% / 8h | 2h 49m | $18.9M | $85.7M | 25x |
KuCoin NBISUSDTM
Binance NBISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- −$21
- Price spread: +0.007% → +0.090%
- −$8.34
- Slippage, 4 orders
- −$284.46
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$335.8
- Costs to cover
- 3.065%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 9 min ago; Binance: live order book, 8 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 KuCoin live order book, 9 min ago | 28.27 bp | 134.1 bp −$134 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.22 bp | 9.7 bp −$10 | 32.6 bp −$326 | 100.9 bp −$10.1K | 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 | −0.0068% | 8h | 232.59 | −0.013% | $2.3M | $4.5M | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 232.63 | +0.006% | $83K | $309K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 232.59 | −0.013% | $145K | $753K | 10x | as long as short |
| Binance NBISUSDTshort | 0.0000% | 8h | 232.64 | +0.007% | $18.9M | $85.7M | 25x | |
| Bybit NBISUSDT | 0.0000% | 8h | 232.67 | +0.021% | $5.0M | $6.4M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 232.61 | −0.004% | $3.4M | $16.1M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 232.69 | +0.030% | $2.7M | $5.0M | 50x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 232.77 | +0.066% | $2.9M | $555K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 232.72 | +0.045% | $5K | $118K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 232.75 | +0.056% | $1K | $1.6M | 10x | as long as short |
Bitget NBISUSDT
Aster NBISUSDT
Extended NBIS-USD
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Variational Omni NBIS
GRVT NBIS_USDT_Perp
SunX NBIS-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 232.64 | +0.009% | $34K | $49K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 232.96 | +0.146% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 232.65 | +0.013% | $1.6M | $956K | 10x | as long as short |
| BloFin NBIS-USDT | +0.0015% | 8h | 232.69 | +0.030% | $205K | $205K | 20x | as long as short |
| QFEX NBIS-USD | +0.0029% | 1h | 232.71 | +0.039% | $1.5M | $3.9M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 232.50 | −0.052% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 232.67 | +0.021% | — | $217K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 232.66 | +0.017% | $143K | $459K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 232.76 | +0.060% | $161K | $507K | 10x | as long as short |
| Nado NBIS-PERP | +0.0073% | 1h | 232.71 | +0.040% | $38K | $115K | 3x | as long as short |
| KuCoin NBISUSDTMlong | +0.0100% | 8h | 232.62 | long leg | $479K | $20K | 20x | |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 232.67 | +0.021% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 232.61 | −0.004% | — | — | 10x | as long as short |
| SoDEX NBIS-USD | +0.0117% | 1h | 232.56 | −0.026% | $107 | $20K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0118% | 1h | 232.48 | −0.060% | $54.2M | $20.2M | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0168% | 1h | 232.30 | −0.138% | $361K | $771K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0221% | 1h | 232.65 | +0.014% | $23K | $15K | 20x | as long as short |
| Phoenix NBIS | +0.0242% | 1h | 232.60 | −0.009% | $7K | $150K | 10x | as long as short |
| Lighter NBIS | +0.0376% | 1h | 232.72 | +0.043% | $932K | $3.9M | 10x | as long as short |
| Entropy io:NBIS | +0.0560% | 1h | 232.62 | 0.000% | $10.1M | $3.2M | 10x | as long as short |
| edgeX NBISUSDC | +0.0915% | 4h | 232.68 | +0.028% | $37K | $226K | 10x | as long as short |
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Phemex NBISUSDT
BloFin NBIS-USDT
QFEX NBIS-USD
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
Ondo Perps NBIS-USD.P
Nado NBIS-PERP
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
SoDEX NBIS-USD
tradeXYZ xyz:NBIS
Coinbase International NBIS-PERP-INTX
Kraken Futures PF_NBISUSD
Phoenix NBIS
Lighter NBIS
Entropy io:NBIS
edgeX NBISUSDC