NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0078%/8h= −8.5% APRnext payment −$0.10 per $10,000 · paid last 24h −0.048%

Price spread now: QFEX against tradeXYZ+0.039%7-day average −0.009% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on tradeXYZ Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.106%−$11 on $10k

Price spread, last 7 days−0.025%−$2 · spread now +0.039%, 7d avg −0.009%

Together, before fees−0.131%+ Points / potential airdroptradeXYZ: Active · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.048% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.009%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NBIS	230.87	0.0118	pay 0.0015% / 1h	6m 51s	$54.0M	$21.2M	10x
Short	QFEX NBIS-USD	230.96	0.0041	get 0.0005% / 1h	6m 51s	$1.5M	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against tradeXYZ. 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 tradeXYZbpFee QFEXbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$16.29
Price spread: +0.039% → −0.009%: $4.82
Slippage, 4 orders: −$11.45
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$50.92
Costs to cover: 0.394%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 3 min ago; QFEX: live order book, 7 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 tradeXYZ live order book, 3 min ago	1.08 bp	12.1 bp −$12	15.3 bp −$153	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	2.38 bp	7.4 bp −$7	10.6 bp −$106	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	−0.0369%	8h	231.04	+0.074%	$2.3M	$4.6M	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.03	+0.068%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	230.87	0.000%	$144K	$876K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	230.97	+0.043%	$18.8M	$88.0M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.01	+0.061%	$4.9M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	230.93	+0.026%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	230.91	+0.017%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	230.87	0.000%	$2.8M	$589K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	230.93	+0.028%	$4K	$115K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	230.84	−0.013%	$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	230.82	−0.022%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	231.01	+0.061%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	230.97	+0.043%	$1.6M	$971K	10x	as long as short
BloFin NBIS-USDT	+0.0011%	8h	231.03	+0.069%	$204K	$212K	20x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.88	+0.004%	$42K	$131K	5x	as long as short
QFEX NBIS-USDshort	+0.0041%	1h	230.96	+0.039%	$1.5M	$3.7M	10x
Vest NBIS-USD-PERP	+0.0046%	1h	230.83	−0.017%	—	$223K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	230.84	−0.013%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	230.95	+0.035%	$79	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.97	+0.043%	$150K	$542K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.90	+0.013%	$357K	$811K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.81	−0.026%	$476K	$26K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	230.96	+0.039%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	230.93	+0.028%	—	—	10x	as long as short
tradeXYZ xyz:NBISlong	+0.0118%	1h	230.87	long leg	$54.0M	$21.2M	10x
Nado NBIS-PERP	+0.0183%	1h	230.82	−0.020%	$38K	$116K	3x	as long as short
Lighter NBIS	+0.0264%	1h	230.92	+0.022%	$938K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0312%	1h	231.04	+0.074%	$7K	$125K	10x	as long as short
edgeX NBISUSDC	+0.0347%	4h	230.92	+0.020%	$37K	$226K	10x	as long as short
Entropy io:NBIS	+0.0411%	1h	230.92	+0.022%	$10.1M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0541%	1h	230.93	+0.025%	$23K	$15K	20x	as long as short