Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.026%
Price spread now: Bybit against KuCoin+0.026%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$340as in the Funding arb table
Net, price: spread back to 7d avg − costs−$342as in the Price arb table
costs, in and out, $10k−$3383.379% of the position
Funding, last 7 days−0.025%−$2 on $10k
+Price spread, last 4 days (all we have)+0.203%+$20 · spread now +0.026%, 7d avg +0.062%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.036% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.062%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin NBISUSDTM | 229.14 | 0.0100 | pay 0.0100% / 8h | 7h 42m | $471K | $52K | 20x |
| Short | Bybit NBISUSDT | 229.20 | 0 | get 0.0000% / 8h | 7h 42m | $4.8M | $6.6M | 50x |
KuCoin NBISUSDTM
Bybit NBISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.026% → +0.062%
- −$3.58
- Slippage, 4 orders
- −$314.92
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$362.51
- Costs to cover
- 3.379%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 51 min ago; Bybit: live order book, 5 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, 51 min ago | 23.35 bp | 150.8 bp −$151 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.40 bp | 15.7 bp −$16 | 64.3 bp −$643 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget NBISUSDT | −0.0301% | 8h | 229.15 | +0.004% | $2.3M | $4.5M | 20x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | −0.0099% | 1h | 229.09 | −0.022% | $34K | $49K | 10x | as long as short |
| BloFin NBIS-USDT | −0.0028% | 8h | 229.39 | +0.109% | $203K | $213K | 20x | as long as short |
| Coinbase International NBIS-PERP-INTX | −0.0008% | 1h | 229.39 | +0.109% | $355K | $806K | 10x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 229.33 | +0.082% | $83K | $313K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 229.09 | −0.021% | $147K | $880K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 229.09 | −0.022% | $18.6M | $88.6M | 25x | as long as short |
| Bybit NBISUSDTshort | 0.0000% | 8h | 229.20 | +0.026% | $4.8M | $6.6M | 50x | |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 229.03 | −0.048% | $3.2M | $15.8M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 229.13 | −0.004% | $2.7M | $5.1M | 50x | as long as short |
Bitget NBISUSDT
Deribit NBIS_USDC-PERPETUAL
BloFin NBIS-USDT
Coinbase International NBIS-PERP-INTX
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NBIS | 0.0000% | 8h | 229.08 | −0.027% | $2.8M | $576K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 229.57 | +0.186% | $4K | $114K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 229.53 | +0.170% | $1K | $1.6M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 229.52 | +0.166% | $15K | $57K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 229.27 | +0.057% | $1.5M | $972K | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 229.31 | +0.074% | $42K | $124K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 229.36 | +0.096% | — | $224K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 229.35 | +0.092% | $136K | $466K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 229.24 | +0.044% | $64 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 229.44 | +0.131% | $148K | $539K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0052% | 1h | 229.07 | −0.031% | $53.5M | $21.4M | 10x | as long as short |
| QFEX NBIS-USD | +0.0064% | 1h | 229.42 | +0.122% | $1.5M | $3.7M | 10x | as long as short |
| Nado NBIS-PERP | +0.0078% | 1h | 229.40 | +0.116% | $38K | $116K | 3x | as long as short |
| KuCoin NBISUSDTMlong | +0.0100% | 8h | 229.14 | long leg | $471K | $52K | 20x | |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 229.23 | +0.039% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 229.24 | +0.043% | — | — | 10x | as long as short |
| Lighter NBIS | +0.0144% | 1h | 229.21 | +0.031% | $920K | $4.0M | 10x | as long as short |
| Phoenix NBIS | +0.0277% | 1h | 229.23 | +0.039% | $7K | $125K | 10x | as long as short |
| Entropy io:NBIS | +0.0376% | 1h | 229.53 | +0.170% | $10.0M | $3.1M | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0681% | 1h | 229.22 | +0.036% | $22K | $16K | 20x | as long as short |
| edgeX NBISUSDC | +0.0905% | 4h | 229.58 | +0.194% | $37K | $228K | 10x | as long as short |
Variational Omni NBIS
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDT
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
tradeXYZ xyz:NBIS
QFEX NBIS-USD
Nado NBIS-PERP
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Lighter NBIS
Phoenix NBIS
Entropy io:NBIS
Kraken Futures PF_NBISUSD
edgeX NBISUSDC