Funding you earn now, next payment 04:00 UTC+0.0316%/8h= +34.6% APRpaid last 24h +0.110%
Price spread now: Entropy against KuCoin+0.072%7-day average +0.142% · you sell dearer than you buy
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$227as in the Price arb table
costs, in and out, $10k−$2202.202% of the position
Funding, last 7 days+0.453%+$45 on $10k
+Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.072%, 7d avg +0.142%
=Funding pays, the price is against you. Entropy is 0.070% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.072% now, against its 7-day average of +0.142%). If the spread goes back, that is −$7 on $10k: about 18 hours of funding at the current rate (+$9 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin NBISUSDTM | 235.39 | 0.0100 | pay 0.0100% / 8h | 4h 38m | $485K | $21K | 20x |
| Short | Entropy io:NBIS | 235.56 | 0.0416 | get 0.0052% / 1h | 38m 04s | $10.2M | $3.2M | 10x |
KuCoin NBISUSDTM
Entropy io:NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy 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
- $66.39
- Price spread: +0.072% → +0.142%
- −$6.96
- Slippage, 4 orders
- −$190.21
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$160.78
- Costs to cover
- 2.202%
- Break-even
- 24.0 days
Slippage from KuCoin: live order book, 45 min ago; Entropy: live order book, 9 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, 45 min ago | 21.76 bp | 121.7 bp −$122 | doesn't fit | doesn't fit | doesn't fit |
| Sell Entropy live order book, 9 min ago | 1.27 bp | 14.5 bp −$15 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado NBIS-PERP | −0.0151% | 1h | 235.51 | +0.050% | $38K | $115K | 3x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 235.61 | +0.093% | $5.1M | $6.2M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 235.56 | +0.072% | $3.4M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 235.57 | +0.076% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 235.56 | +0.072% | $2.4M | $4.4M | 20x | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 235.75 | +0.153% | $5K | $119K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 235.85 | +0.195% | $1K | $1.7M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 235.52 | +0.055% | $35K | $48K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 235.58 | +0.081% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 235.59 | +0.085% | $1.6M | $957K | 10x | as long as short |
Nado NBIS-PERP
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Phemex NBISUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NBIS | +0.0033% | 8h | 235.81 | +0.177% | $2.9M | $572K | — | as long as short |
| QFEX NBIS-USD | +0.0038% | 1h | 235.51 | +0.051% | $1.5M | $4.2M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 235.46 | +0.030% | $43K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 235.77 | +0.161% | — | $216K | 5x | as long as short |
| tradeXYZ xyz:NBIS | +0.0050% | 1h | 235.45 | +0.025% | $54.9M | $19.8M | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 235.48 | +0.038% | $149K | $453K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 235.55 | +0.068% | $9 | $21K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 235.63 | +0.102% | $161K | $504K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0056% | 1h | 235.35 | −0.017% | $389K | $724K | 10x | as long as short |
| BloFin NBIS-USDT | +0.0071% | 8h | 235.71 | +0.136% | $207K | $205K | 20x | as long as short |
| Aster NBISUSDT | +0.0077% | 8h | 235.55 | +0.069% | $79K | $310K | 50x | as long as short |
| Extended NBIS-USD | +0.0080% | 1h | 235.53 | +0.060% | $147K | $702K | 10x | as long as short |
| Binance NBISUSDT | +0.0082% | 8h | 235.59 | +0.085% | $19.4M | $84.6M | 25x | as long as short |
| Lighter NBIS | +0.0088% | 1h | 235.61 | +0.093% | $899K | $4.0M | 10x | as long as short |
| KuCoin NBISUSDTMlong | +0.0100% | 8h | 235.39 | long leg | $485K | $21K | 20x | |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 235.57 | +0.076% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 235.55 | +0.070% | — | — | 10x | as long as short |
| Phoenix NBIS | +0.0272% | 1h | 235.68 | +0.123% | $7K | $150K | 10x | as long as short |
| edgeX NBISUSDC | +0.0307% | 4h | 235.68 | +0.123% | $38K | $225K | 10x | as long as short |
| Entropy io:NBISshort | +0.0416% | 1h | 235.56 | +0.072% | $10.2M | $3.2M | 10x | |
| Kraken Futures PF_NBISUSD | +0.0477% | 1h | 235.36 | −0.012% | $24K | $15K | 20x | as long as short |
Variational Omni NBIS
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
Coinbase International NBIS-PERP-INTX
BloFin NBIS-USDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Lighter NBIS
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Phoenix NBIS
edgeX NBISUSDC
Kraken Futures PF_NBISUSD