NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0070%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.063%

Price spread now: Coinbase International against QFEX−0.068%7-day average +0.105% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on QFEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.201%+$20 on $10k

Price spread, last 4 days (all we have)+0.184%+$18 · spread now −0.068%, 7d avg +0.105%

Together, before fees+0.385%+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.173% cheaper against QFEX than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of +0.105%). If the spread goes back, that is −$17 on $10k: about 8.2 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.201% in total) that is about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NBIS-USD	233.65	0.0034	pay 0.0004% / 1h	24m 39s	$1.5M	$4.0M	10x
Short	Coinbase International NBIS-PERP-INTX	233.49	0.0104	get 0.0013% / 1h	24m 39s	$374K	$741K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against QFEX. 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 QFEXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.068%Rate

Funding earned: $14.68
Price spread: −0.068% → +0.105%: −$17.3
Slippage, 4 orders: −$14.88
Fee QFEX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$37.49
Costs to cover: 0.349%
Break-even: 24.9 days

Slippage from QFEX: live order book, 4 min ago; Coinbase International: live order book, 29 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 QFEX live order book, 4 min ago	3.20 bp	8.2 bp −$8	11.2 bp −$112	doesn't fit	doesn't fit
Sell Coinbase International live order book, 29 min ago	2.99 bp	8.0 bp −$8	16.8 bp −$168	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
BloFin NBIS-USDT	−0.0006%	8h	233.83	+0.077%	$205K	$206K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	233.97	+0.138%	$78K	$310K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	233.59	−0.027%	$147K	$688K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	233.63	−0.009%	$19.2M	$84.8M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	233.66	+0.004%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.56	−0.039%	$3.4M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.63	−0.009%	$2.7M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.58	−0.030%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	233.62	−0.012%	$2.9M	$555K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.17	+0.221%	$4K	$119K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	233.68	+0.013%	$1K	$1.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	233.61	−0.017%	$35K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.68	+0.013%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.75	+0.043%	$1.6M	$954K	10x	as long as short
QFEX NBIS-USDlong	+0.0034%	1h	233.65	long leg	$1.5M	$4.0M	10x
Nado NBIS-PERP	+0.0036%	1h	233.63	−0.010%	$38K	$115K	3x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.69	+0.017%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.84	+0.081%	—	$216K	5x	as long as short
Kraken Futures PF_NBISUSD	+0.0049%	1h	233.58	−0.030%	$23K	$15K	20x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	233.50	−0.064%	$54.4M	$20.0M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.59	−0.026%	$147K	$456K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.72	+0.030%	$108	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.15	+0.214%	$160K	$502K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.72	+0.030%	$482K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.81	+0.068%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.81	+0.067%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTXshort	+0.0104%	1h	233.49	−0.068%	$374K	$741K	10x
edgeX NBISUSDC	+0.0195%	4h	234.00	+0.149%	$38K	$226K	10x	as long as short
Lighter NBIS	+0.0232%	1h	233.64	−0.004%	$925K	$3.9M	10x	as long as short
Phoenix NBIS	+0.0239%	1h	234.14	+0.210%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0323%	1h	233.87	+0.094%	$10.2M	$3.2M	10x	as long as short