Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.028%
Price spread now: OKX against KuCoin−0.031%7-day average +0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$334as in the Funding arb table
Net, price: spread back to 7d avg − costs−$332as in the Price arb table
costs, in and out, $10k−$3233.231% of the position
Funding, last 7 days−0.104%−$10 on $10k
+Price spread, last 4 days (all we have)+0.362%+$36 · spread now −0.031%, 7d avg +0.059%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.090% cheaper against KuCoin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.059%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin NBISUSDTM | 228.11 | 0.0100 | pay 0.0100% / 8h | 7h 36m | $470K | $57K | 20x |
| Short | OKX NBIS-USDT-SWAP | 228.04 | 0 | get 0.0000% / 8h | 7h 36m | $3.2M | $15.8M | 25x |
KuCoin NBISUSDTM
OKX NBIS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.031% → +0.059%
- −$8.96
- Slippage, 4 orders
- −$301.13
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$353.09
- Costs to cover
- 3.231%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 57 min ago; OKX: live order book, 2 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, 57 min ago | 23.35 bp | 150.8 bp −$151 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.09 bp | 10.5 bp −$10 | 24.7 bp −$247 | 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 | −0.0280% | 8h | 228.10 | −0.004% | $2.3M | $4.5M | 20x | as long as short |
| BloFin NBIS-USDT | −0.0016% | 8h | 228.98 | +0.381% | $201K | $212K | 20x | as long as short |
| Coinbase International NBIS-PERP-INTX | −0.0008% | 1h | 229.39 | +0.561% | $355K | $806K | 10x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 228.28 | +0.074% | $80K | $313K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 228.46 | +0.153% | $146K | $877K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 228.15 | +0.018% | $18.5M | $88.6M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 228.13 | +0.009% | $4.8M | $6.7M | 50x | as long as short |
| OKX NBIS-USDT-SWAPshort | 0.0000% | 8h | 228.04 | −0.031% | $3.2M | $15.8M | 25x | |
| Gate NBIS_USDT | 0.0000% | 8h | 228.25 | +0.061% | $2.7M | $5.1M | 50x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 228.94 | +0.365% | $2.8M | $576K | — | as long as short |
Bitget NBISUSDT
BloFin NBIS-USDT
Coinbase International NBIS-PERP-INTX
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
Gate NBIS_USDT
Variational Omni NBISShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 228.78 | +0.292% | $4K | $114K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 228.99 | +0.386% | $1K | $1.6M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 228.61 | +0.219% | $34K | $49K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 228.61 | +0.219% | $15K | $58K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 228.52 | +0.180% | $1.5M | $971K | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 228.86 | +0.329% | $42K | $124K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 228.57 | +0.202% | — | $224K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 228.70 | +0.259% | $136K | $466K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 228.62 | +0.224% | $69 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 228.53 | +0.184% | $148K | $538K | 10x | as long as short |
| Nado NBIS-PERP | +0.0059% | 1h | 228.64 | +0.232% | $38K | $116K | 3x | as long as short |
| QFEX NBIS-USD | +0.0064% | 1h | 228.83 | +0.316% | $1.5M | $3.7M | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0075% | 1h | 228.03 | −0.035% | $53.2M | $21.5M | 10x | as long as short |
| KuCoin NBISUSDTMlong | +0.0100% | 8h | 228.11 | long leg | $470K | $57K | 20x | |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 228.84 | +0.320% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 228.65 | +0.239% | — | — | 10x | as long as short |
| Lighter NBIS | +0.0136% | 1h | 228.04 | −0.031% | $913K | $4.0M | 10x | as long as short |
| Phoenix NBIS | +0.0277% | 1h | 229.09 | +0.430% | $7K | $125K | 10x | as long as short |
| Entropy io:NBIS | +0.0306% | 1h | 228.44 | +0.145% | $10.0M | $3.1M | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0682% | 1h | 228.78 | +0.294% | $22K | $16K | 20x | as long as short |
| edgeX NBISUSDC | +0.0808% | 4h | 228.81 | +0.306% | $37K | $227K | 10x | as long as short |
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Phemex NBISUSDT
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Nado NBIS-PERP
QFEX NBIS-USD
tradeXYZ xyz:NBIS
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Lighter NBIS
Phoenix NBIS
Entropy io:NBIS
Kraken Futures PF_NBISUSD
edgeX NBISUSDC