NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0120%/8hpaid last 24h +0.041%

Price spread now: Coinbase International against Binance+0.418%53s7-day average +0.168% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.465% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.387%+$39 on $10k

Price spread, last 1 day (all we have)−0.133%−$13 · spread now +0.418%, 7d avg +0.168%

Together, before fees+0.254%+$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.250% dearer against Binance than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.168%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NBISUSDT	234.37	0	get 0.0000% / 8h	4h 22m	$20.3M	$82.6M	25x
Short	Coinbase International NBIS-PERP-INTX	235.35	0.0120	get 0.0015% / 1h	22m 15s	$370K	$652K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.418%Rate

Funding earned: $25.2
Price spread: +0.418% → +0.168%: $24.97
Slippage, 4 orders: −$26.45
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $3.71
Costs to cover: 0.465%
Break-even: 6.0 days

Slippage from Binance: live order book, 9 min ago; Coinbase International: live order book, 10 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, 9 min ago	0.64 bp	10.2 bp −$10	23.9 bp −$239	62.6 bp −$6,256	doesn't fit
Sell Coinbase International live order book, 10 min ago	9.22 bp	14.3 bp −$14	21.9 bp −$219	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	−0.0161%	1h	234.39	+0.008%	$25K	$11K	20x	as long as short
Extended NBIS-USD	0.0000%	1h	234.36	−0.005%	$141K	$694K	10x	as long as short
Binance NBISUSDTlong	0.0000%	8h	234.37	long leg	$20.3M	$82.6M	25x
Bybit NBISUSDT	0.0000%	8h	234.34	−0.013%	$5.2M	$6.1M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.32	−0.021%	$3.5M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.34	−0.013%	$2.9M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.34	−0.013%	$2.5M	$4.5M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	234.16	−0.090%	$2.9M	$923K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.23	−0.058%	$5K	$140K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.34	−0.013%	$933	$1.8M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX NBIS-USDT	0.0000%	8h	234.21	−0.068%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.44	+0.030%	$1.6M	$906K	10x	as long as short
Aster NBISUSDT	+0.0001%	8h	234.38	+0.004%	$111K	$265K	50x	as long as short
BloFin NBIS-USDT	+0.0022%	8h	234.44	+0.030%	$213K	$215K	20x	as long as short
QFEX NBIS-USD	+0.0033%	1h	234.40	+0.013%	$1.5M	$5.0M	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	234.22	−0.064%	$40K	$118K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.53	+0.068%	—	$230K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.44	+0.030%	$135K	$554K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.35	−0.009%	$98	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.18	−0.081%	$160K	$491K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.12	−0.107%	$493K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.37	0.000%	$2K	$4K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.35	−0.006%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0113%	1h	234.31	−0.026%	$54.8M	$22.3M	10x	as long as short
Coinbase International NBIS-PERP-INTXshort	+0.0120%	1h	235.35	+0.418%	$370K	$652K	10x
Entropy io:NBIS	+0.0127%	1h	234.18	−0.081%	$10.3M	$3.2M	10x	as long as short
edgeX NBISUSDC	+0.0141%	4h	234.26	−0.048%	$38K	$238K	10x	as long as short
Nado NBIS-PERP	+0.0166%	1h	234.24	−0.057%	$29K	$65K	3x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0177%	1h	234.35	−0.009%	$36K	$88K	10x	as long as short
Lighter NBIS	+0.0208%	1h	234.52	+0.064%	$985K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0340%	1h	234.30	−0.030%	$7K	$180K	10x	as long as short