NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$2.40 per $10,000 · paid last 24h −0.011%

Price spread now: Bybit against Binance+0.036%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$430.426% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 2 days (all we have)+0.031%+$3 · spread now +0.036%, 7d avg +0.013%

Together, before fees+0.065%+$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.023% dearer against Binance than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of +0.013%): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 8 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.033% in total (about 1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.40 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NBISUSDT	233.33	0.0240	pay 0.0240% / 8h	6h 39m	$19.2M	$85.1M	25x
Short	Bybit NBISUSDT	233.41	0	get 0.0000% / 8h	6h 39m	$5.1M	$6.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$50.35
Price spread: +0.036% → +0.013%: $2.29
Slippage, 4 orders: −$21.57
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$90.62
Costs to cover: 0.426%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Bybit: live order book, 4 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 Binance live order book, 3 min ago	0.21 bp	8.2 bp −$8	23.6 bp −$236	86.6 bp −$8,660	doesn't fit
Sell Bybit live order book, 4 min ago	1.28 bp	12.5 bp −$12	67.2 bp −$672	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
Bybit NBISUSDTshort	0.0000%	8h	233.41	+0.036%	$5.1M	$6.3M	50x
OKX NBIS-USDT-SWAP	0.0000%	8h	233.38	+0.023%	$3.4M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.38	+0.023%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.34	+0.006%	$2.4M	$4.5M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.40	+0.031%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.78	+0.194%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.49	+0.070%	$1.6M	$972K	10x	as long as short
QFEX NBIS-USD	+0.0024%	1h	233.30	−0.011%	$1.5M	$4.7M	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0036%	8h	233.58	+0.109%	$5K	$129K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	233.42	+0.040%	$42K	$132K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0046%	1h	233.43	+0.044%	—	$226K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.29	−0.016%	$148K	$468K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.35	+0.010%	$98	$20K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0050%	1h	233.26	−0.029%	$35K	$48K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.39	+0.027%	$163K	$498K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	233.24	−0.039%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.30	−0.011%	$481K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.33	+0.001%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.36	+0.015%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+1.167%	$386K	$721K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0121%	1h	233.32	−0.003%	$54.7M	$20.0M	10x	as long as short
Nado NBIS-PERP	+0.0156%	1h	233.22	−0.044%	$67K	$94K	3x	as long as short
Aster NBISUSDT	+0.0218%	8h	233.49	+0.071%	$81K	$314K	50x	as long as short
Variational Omni NBIS	+0.0223%	8h	233.46	+0.057%	$2.8M	$570K	—	as long as short
BloFin NBIS-USDT	+0.0234%	8h	234.04	+0.306%	$207K	$209K	20x	as long as short
Binance NBISUSDTlong	+0.0240%	8h	233.33	long leg	$19.2M	$85.1M	25x
Extended NBIS-USD	+0.0240%	1h	233.29	−0.018%	$150K	$705K	10x	as long as short
Lighter NBIS	+0.0288%	1h	233.37	+0.019%	$901K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	233.43	+0.044%	$7K	$152K	10x	as long as short
edgeX NBISUSDC	+0.0339%	4h	233.68	+0.151%	$38K	$225K	10x	as long as short
Entropy io:NBIS	+0.0355%	1h	233.52	+0.083%	$10.1M	$3.3M	10x	as long as short