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: KuCoin against Phemex−0.125%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$376as in the Funding arb table
Net, price: spread back to 7d avg − costs−$400as in the Price arb table
costs, in and out, $10k−$3953.951% of the position
Funding, last 7 days+0.190%+$19 on $10k
+Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.125%, 7d avg −0.072%
=Funding pays, the price is against you. KuCoin is 0.054% cheaper against Phemex than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of −0.072%). If the spread goes back, that is −$5 on $10k: about 43 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NBISUSDT | 231.40 | 0 | get 0.0000% / 8h | 1h 52m | $1.6M | $960K | 10x |
| Short | KuCoin NBISUSDTM | 231.11 | 0.0100 | get 0.0100% / 8h | 1h 52m | $476K | $20K | 20x |
Phemex NBISUSDT
KuCoin NBISUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Phemex. 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: −0.125% → −0.072%
- −$5.36
- Slippage, 4 orders
- −$371.12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$379.48
- Costs to cover
- 3.951%
- Break-even
- 133.5 days
Slippage from Phemex: live order book, 5 min ago; KuCoin: live order book, 65 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 Phemex live order book, 5 min ago | 3.02 bp | 69.8 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 65 min ago | 28.27 bp | 155.0 bp −$155 | 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 | −0.0392% | 8h | 231.48 | +0.035% | $2.3M | $4.5M | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 231.23 | −0.074% | $84K | $311K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 231.37 | −0.014% | $145K | $746K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 231.38 | −0.009% | $18.6M | $87.1M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 231.42 | +0.009% | $4.9M | $6.5M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 231.32 | −0.035% | $3.3M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 231.29 | −0.048% | $2.7M | $5.1M | 50x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 231.22 | −0.076% | $2.8M | $602K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 231.42 | +0.009% | $5K | $116K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 231.34 | −0.026% | $1K | $1.6M | 10x | as long as short |
Bitget NBISUSDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| HTX NBIS-USDT | 0.0000% | 8h | 231.31 | −0.039% | $15K | $61K | 20x | as long as short |
| Phemex NBISUSDTlong | 0.0000% | 8h | 231.40 | long leg | $1.6M | $960K | 10x | |
| BloFin NBIS-USDT | +0.0030% | 8h | 231.30 | −0.043% | $204K | $206K | 20x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 231.32 | −0.035% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 231.21 | −0.082% | — | $220K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 231.22 | −0.078% | $137K | $473K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 231.23 | −0.073% | $79 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 230.98 | −0.182% | $151K | $547K | 10x | as long as short |
| QFEX NBIS-USD | +0.0056% | 1h | 231.31 | −0.039% | $1.5M | $3.9M | 10x | as long as short |
| KuCoin NBISUSDTMshort | +0.0100% | 8h | 231.11 | −0.125% | $476K | $20K | 20x | |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 231.24 | −0.069% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 231.24 | −0.070% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0120% | 1h | 232.18 | +0.337% | $352K | $816K | 10x | as long as short |
| Nado NBIS-PERP | +0.0131% | 1h | 231.09 | −0.133% | $38K | $115K | 3x | as long as short |
| tradeXYZ xyz:NBIS | +0.0203% | 1h | 231.26 | −0.061% | $54.3M | $21.0M | 10x | as long as short |
| Phoenix NBIS | +0.0311% | 1h | 231.70 | +0.130% | $7K | $150K | 10x | as long as short |
| Lighter NBIS | +0.0328% | 1h | 231.36 | −0.017% | $939K | $3.9M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0442% | 1h | 231.24 | −0.069% | $34K | $49K | 10x | as long as short |
| Entropy io:NBIS | +0.0532% | 1h | 231.39 | −0.004% | $10.0M | $3.1M | 10x | as long as short |
| edgeX NBISUSDC | +0.0655% | 4h | 231.33 | −0.032% | $37K | $226K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0683% | 1h | 231.26 | −0.062% | $23K | $15K | 20x | as long as short |
HTX NBIS-USDT
BloFin NBIS-USDT
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
QFEX NBIS-USD
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
Nado NBIS-PERP
tradeXYZ xyz:NBIS
Phoenix NBIS
Lighter NBIS
Deribit NBIS_USDC-PERPETUAL
Entropy io:NBIS
edgeX NBISUSDC
Kraken Futures PF_NBISUSD