NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Phemex against KuCoin+0.104%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$426as in the Funding arb table

Net, price: spread back to 7d avg − costs−$404as in the Price arb table

costs, in and out, $10k−$4074.071% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.190%−$19 on $10k

Price spread, last 4 days (all we have)−0.085%−$8 · spread now +0.104%, 7d avg +0.072%

Together, before fees−0.275%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.033% dearer against KuCoin than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of +0.072%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NBISUSDTM	230.19	0.0100	pay 0.0100% / 8h	2h 26m	$474K	$20K	20x
Short	Phemex NBISUSDT	230.43	0	get 0.0000% / 8h	2h 26m	$1.6M	$955K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee PhemexbpOrdersPrice spread, now +0.104%Rate

Funding earned: −$21
Price spread: +0.104% → +0.072%: $3.26
Slippage, 4 orders: −$383.06
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$424.81
Costs to cover: 4.071%
Break-even: never at this rate

Slippage from KuCoin: live order book, 32 min ago; Phemex: 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, 32 min ago	28.27 bp	134.1 bp −$134	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	2.17 bp	52.7 bp −$53	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
Bitget NBISUSDT	−0.0460%	8h	230.36	+0.074%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	230.32	+0.058%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.24	+0.022%	$146K	$757K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.33	+0.063%	$18.4M	$86.6M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	230.21	+0.009%	$4.9M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.22	+0.013%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.42	+0.100%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.59	+0.173%	$2.9M	$555K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.84	+0.281%	$5K	$118K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.61	+0.182%	$759	$1.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	230.22	+0.013%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	230.52	+0.143%	$15K	$61K	20x	as long as short
Phemex NBISUSDTshort	0.0000%	8h	230.43	+0.104%	$1.6M	$955K	10x
Nado NBIS-PERP	+0.0009%	1h	230.12	−0.031%	$37K	$115K	3x	as long as short
BloFin NBIS-USDT	+0.0026%	8h	230.62	+0.187%	$205K	$204K	20x	as long as short
QFEX NBIS-USD	+0.0029%	1h	230.25	+0.026%	$1.5M	$3.9M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.42	+0.100%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	230.17	−0.009%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.19	0.000%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.35	+0.070%	$97	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.21	+0.009%	$152K	$531K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0059%	1h	230.20	+0.004%	$53.5M	$20.5M	10x	as long as short
KuCoin NBISUSDTMlong	+0.0100%	8h	230.19	long leg	$474K	$20K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.24	+0.022%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.28	+0.039%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	230.62	+0.187%	$353K	$792K	10x	as long as short
Lighter NBIS	+0.0208%	1h	230.24	+0.022%	$921K	$4.0M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0224%	1h	230.21	+0.011%	$23K	$15K	20x	as long as short
Phoenix NBIS	+0.0242%	1h	231.01	+0.356%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0292%	1h	230.43	+0.104%	$10.0M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0884%	4h	230.81	+0.271%	$37K	$225K	10x	as long as short