Funding you earn now, next payment 01:00 UTC−0.0328%/8h= −35.9% APRnext payment −$0.41 per $10,000 · paid last 24h −0.017%
Price spread now: QFEX against Arcus−0.004%7-day average +0.001% · 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−$28as in the Price arb table
costs, in and out, $10k−$280.276% of the position
Funding, last 3 days (all we have)−0.140%−$14 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.004%, 7d avg +0.001%
=The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus NBIS-USD | 235.70 | 0.0366 | pay 0.0046% / 1h | 22m 18s | $44K | $132K | 5x |
| Short | QFEX NBIS-USD | 235.69 | 0.0038 | get 0.0005% / 1h | 22m 18s | $1.5M | $4.9M | 10x |
Arcus NBIS-USD
QFEX NBIS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Arcus. 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
- −$68.9
- Price spread: −0.004% → +0.001%
- −$0.55
- Slippage, 4 orders
- −$13.06
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$97
- Costs to cover
- 0.276%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 51 min ago; QFEX: live order book, 6 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 Arcus live order book, 51 min ago | 2.98 bp | 5.2 bp −$5 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 2.33 bp | 7.3 bp −$7 | 11.5 bp −$115 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NBISUSD | −0.0178% | 1h | 235.62 | −0.035% | $24K | $15K | 20x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 235.58 | −0.051% | $3.4M | $16.8M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 235.69 | −0.004% | $2.8M | $5.1M | 50x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 235.91 | +0.089% | $1K | $1.7M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 235.58 | −0.051% | $15K | $112K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 235.70 | 0.000% | $1.6M | $973K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0016% | 1h | 236.05 | +0.148% | $386K | $739K | 10x | as long as short |
| QFEX NBIS-USDshort | +0.0038% | 1h | 235.69 | −0.004% | $1.5M | $4.9M | 10x | |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 235.92 | +0.093% | — | $224K | 5x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0047% | 1h | 235.56 | −0.059% | $35K | $48K | 10x | as long as short |
Kraken Futures PF_NBISUSD
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDT
Coinbase International NBIS-PERP-INTX
Vest NBIS-USD-PERP
Deribit NBIS_USDC-PERPETUALShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit NBISUSDT | +0.0049% | 8h | 235.69 | −0.004% | $5.1M | $6.5M | 50x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 236.13 | +0.182% | $176K | $505K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 235.44 | −0.110% | $485K | $23K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 235.54 | −0.068% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 235.56 | −0.059% | — | — | 10x | as long as short |
| Bitget NBISUSDT | +0.0108% | 8h | 235.63 | −0.030% | $2.5M | $4.6M | 20x | as long as short |
| SoDEX NBIS-USD | +0.0122% | 1h | 235.65 | −0.021% | $47 | $20K | 10x | as long as short |
| Nado NBIS-PERP | +0.0181% | 1h | 235.61 | −0.038% | $31K | $66K | 3x | as long as short |
| edgeX NBISUSDC | +0.0184% | 4h | 235.95 | +0.105% | $38K | $228K | 10x | as long as short |
| Variational Omni NBIS | +0.0240% | 8h | 236.09 | +0.166% | $2.9M | $820K | — | as long as short |
| Aster NBISUSDT | +0.0247% | 8h | 235.79 | +0.036% | $81K | $308K | 50x | as long as short |
| BloFin NBIS-USDT | +0.0255% | 8h | 235.72 | +0.008% | $207K | $211K | 20x | as long as short |
| Binance NBISUSDT | +0.0269% | 8h | 235.65 | −0.023% | $19.6M | $85.6M | 25x | as long as short |
| Extended NBIS-USD | +0.0272% | 1h | 235.60 | −0.044% | $151K | $786K | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0301% | 1h | 235.57 | −0.055% | $138K | $451K | 10x | as long as short |
| Lighter NBIS | +0.0320% | 1h | 235.75 | +0.021% | $925K | $4.5M | 10x | as long as short |
| Arcus NBIS-USDlong | +0.0366% | 1h | 235.70 | long leg | $44K | $132K | 5x | |
| tradeXYZ xyz:NBIS | +0.0398% | 1h | 235.57 | −0.055% | $55.1M | $23.7M | 10x | as long as short |
| Phoenix NBIS | +0.0409% | 1h | 235.89 | +0.081% | $7K | $163K | 10x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0446% | 8h | 236.00 | +0.127% | $5K | $132K | 10x | as long as short |
| Entropy io:NBIS | +0.0868% | 1h | 235.71 | +0.004% | $10.3M | $3.4M | 10x | as long as short |
Bybit NBISUSDT
Ondo Perps NBIS-USD.P
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Bitget NBISUSDT
SoDEX NBIS-USD
Nado NBIS-PERP
edgeX NBISUSDC
Variational Omni NBIS
Aster NBISUSDT
BloFin NBIS-USDT
Binance NBISUSDT
Extended NBIS-USD
Polymarket Perps NBIS-USD
Lighter NBIS
tradeXYZ xyz:NBIS
Phoenix NBIS
GRVT NBIS_USDT_Perp
Entropy io:NBIS