NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0015%/8h= +1.6% APRnext payment +$0.02 per $10,000 · paid last 24h +0.077%

Price spread now: Kraken Futures against QFEX−0.048%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.048% cheaper against QFEX than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 11 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NBIS-USD	233.07	0.0034	pay 0.0004% / 1h	18m 48s	$1.5M	$4.0M	10x
Short	Kraken Futures PF_NBISUSD	232.96	0.0049	get 0.0006% / 1h	18m 48s	$23K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.048%Rate

Funding earned: $3.07
Price spread: −0.048% → 0.000%: −$4.77
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$21.7
Costs to cover: 0.200%
Break-even: 56.5 days

Slippage unknown: QFEX: live order book, 5 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 5 min ago	1.93 bp	6.9 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Aster NBISUSDT	0.0000%	8h	232.98	−0.039%	$78K	$310K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	232.80	−0.116%	$146K	$659K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	232.85	−0.095%	$19.1M	$84.9M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	232.89	−0.077%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	232.76	−0.133%	$3.4M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.91	−0.069%	$2.7M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	232.85	−0.094%	$2.3M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	233.38	+0.135%	$2.9M	$558K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	233.38	+0.133%	$5K	$120K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.37	+0.129%	$1K	$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	232.92	−0.064%	$35K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.56	+0.210%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	232.92	−0.064%	$1.6M	$954K	10x	as long as short
BloFin NBIS-USDT	+0.0006%	8h	233.00	−0.030%	$205K	$205K	20x	as long as short
Nado NBIS-PERP	+0.0025%	1h	233.07	+0.002%	$38K	$115K	3x	as long as short
QFEX NBIS-USDlong	+0.0034%	1h	233.07	long leg	$1.5M	$4.0M	10x
Arcus NBIS-USD	+0.0040%	1h	233.23	+0.069%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.18	+0.047%	—	$216K	5x	as long as short
Kraken Futures PF_NBISUSDshort	+0.0049%	1h	232.96	−0.048%	$23K	$15K	20x
tradeXYZ xyz:NBIS	+0.0050%	1h	232.77	−0.129%	$54.2M	$20.1M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.02	−0.021%	$147K	$456K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.01	−0.026%	$107	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.00	−0.030%	$160K	$500K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.84	−0.099%	$480K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.02	−0.021%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.97	−0.043%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	233.30	+0.099%	$362K	$764K	10x	as long as short
Lighter NBIS	+0.0216%	1h	232.98	−0.039%	$924K	$4.0M	10x	as long as short
Phoenix NBIS	+0.0239%	1h	233.32	+0.107%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0282%	1h	233.31	+0.103%	$10.1M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0340%	4h	233.36	+0.125%	$37K	$227K	10x	as long as short