Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.069%
Price spread now: SunX against tradeXYZ+0.112%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$183as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1511.512% of the position
Funding, last 7 days−0.318%−$32 on $10k
+Price spread, last 4 days (all we have)−0.160%−$16 · spread now +0.112%, 7d avg −0.003%
=Together, before fees−0.478%+ Points / potential airdroptradeXYZ: Active · farm board−$48 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.115% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.112% now, against its 7-day average of −0.003%): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.7 days. At the pace of the last 7 days (−0.318% in total) that is about 2.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:NBIS | 232.08 | 0.0050 | pay 0.0006% / 1h | 4m 30s | $54.1M | $20.2M | 10x |
| Short | SunX NBIS-USDT | 232.34 | 0 | get 0.0000% / 8h | 3h 04m | $985 | $1.6M | 10x |
tradeXYZ xyz:NBIS
SunX NBIS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against tradeXYZ. 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
- −$10.5
- Price spread: +0.112% → −0.003%
- $11.54
- Slippage, 4 orders
- −$125.2
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$150.16
- Costs to cover
- 1.512%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 4 min ago; SunX: live order book, 11 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, 4 min ago | 0.65 bp | 10.0 bp −$10 | 14.4 bp −$144 | doesn't fit | doesn't fit |
| Sell SunX live order book, 11 min ago | 45.20 bp | 64.2 bp −$64 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster NBISUSDT | 0.0000% | 8h | 232.58 | +0.216% | $78K | $310K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 232.32 | +0.104% | $146K | $626K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 232.46 | +0.162% | $18.9M | $85.6M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 232.52 | +0.190% | $5.0M | $6.4M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 232.58 | +0.215% | $3.4M | $16.1M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 232.45 | +0.159% | $2.7M | $5.1M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 232.60 | +0.224% | $2.4M | $4.5M | 20x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 232.62 | +0.235% | $2.9M | $552K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 232.14 | +0.024% | $5K | $118K | 10x | as long as short |
| SunX NBIS-USDTshort | 0.0000% | 8h | 232.34 | +0.112% | $985 | $1.6M | 10x |
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
Variational Omni NBIS
GRVT NBIS_USDT_PerpShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 232.35 | +0.116% | $34K | $49K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 232.34 | +0.112% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 232.33 | +0.108% | $1.6M | $956K | 10x | as long as short |
| Nado NBIS-PERP | +0.0007% | 1h | 232.34 | +0.111% | $38K | $115K | 3x | as long as short |
| BloFin NBIS-USDT | +0.0009% | 8h | 232.15 | +0.030% | $205K | $205K | 20x | as long as short |
| QFEX NBIS-USD | +0.0034% | 1h | 232.47 | +0.168% | $1.5M | $4.0M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 232.19 | +0.047% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 232.36 | +0.121% | — | $217K | 5x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0049% | 1h | 232.29 | +0.090% | $23K | $15K | 20x | as long as short |
| tradeXYZ xyz:NBISlong | +0.0050% | 1h | 232.08 | long leg | $54.1M | $20.2M | 10x | |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 232.17 | +0.039% | $143K | $459K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 232.28 | +0.086% | $102 | $21K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 232.20 | +0.052% | $160K | $508K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 232.20 | +0.052% | $479K | $20K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 232.33 | +0.108% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 232.27 | +0.084% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0104% | 1h | 232.30 | +0.095% | $361K | $771K | 10x | as long as short |
| Lighter NBIS | +0.0192% | 1h | 232.20 | +0.052% | $918K | $4.0M | 10x | as long as short |
| Phoenix NBIS | +0.0239% | 1h | 232.36 | +0.121% | $7K | $150K | 10x | as long as short |
| Entropy io:NBIS | +0.0293% | 1h | 232.30 | +0.095% | $10.1M | $3.2M | 10x | as long as short |
| edgeX NBISUSDC | +0.0317% | 4h | 231.93 | −0.064% | $37K | $226K | 10x | as long as short |
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Phemex NBISUSDT
Nado NBIS-PERP
BloFin NBIS-USDT
QFEX NBIS-USD
Arcus NBIS-USD
Vest NBIS-USD-PERP
Kraken Futures PF_NBISUSD
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
Lighter NBIS
Phoenix NBIS
Entropy io:NBIS
edgeX NBISUSDC