NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.31 per $10,000 · paid last 24h +0.001%

Price spread now: KuCoin against Binance−0.124%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$204as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$2092.095% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 4 days (all we have)−1.018%−$102 · spread now −0.124%, 7d avg −0.090%

Together, before fees−0.965%−$96 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.033% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.090%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.053%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NBISUSDT	234.50	0.0131	pay 0.0131% / 8h	5h 23m	$19.1M	$84.5M	25x
Short	KuCoin NBISUSDTM	234.21	0.0100	get 0.0100% / 8h	5h 23m	$483K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.124%Rate

Funding earned: −$6.5
Price spread: −0.124% → −0.090%: −$3.35
Slippage, 4 orders: −$187.48
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$219.32
Costs to cover: 2.095%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; KuCoin: live order book, 74 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, 4 min ago	0.64 bp	9.4 bp −$9	25.6 bp −$256	90.3 bp −$9,026	doesn't fit
Sell KuCoin live order book, 74 min ago	31.51 bp	106.5 bp −$107	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
Bybit NBISUSDT	0.0000%	8h	234.56	+0.025%	$5.0M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.47	−0.013%	$3.4M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.48	−0.009%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.49	−0.004%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.49	−0.006%	$4K	$127K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.34	−0.068%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.54	+0.017%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.48	−0.009%	$1.6M	$962K	10x	as long as short
Nado NBIS-PERP	+0.0004%	1h	234.27	−0.098%	$65K	$98K	3x	as long as short
QFEX NBIS-USD	+0.0023%	1h	234.31	−0.081%	$1.5M	$4.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USD	+0.0040%	1h	234.36	−0.060%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.49	−0.004%	—	$215K	5x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0049%	1h	234.36	−0.060%	$35K	$48K	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.33	−0.073%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.44	−0.026%	$38	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.46	−0.017%	$164K	$498K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0076%	1h	234.44	−0.026%	$55.0M	$19.6M	10x	as long as short
Variational Omni NBIS	+0.0091%	8h	234.48	−0.010%	$2.9M	$568K	—	as long as short
KuCoin NBISUSDTMshort	+0.0100%	8h	234.21	−0.124%	$483K	$21K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.46	−0.017%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.46	−0.017%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	233.53	−0.414%	$382K	$712K	10x	as long as short
BloFin NBIS-USDT	+0.0114%	8h	234.39	−0.047%	$206K	$204K	20x	as long as short
Aster NBISUSDT	+0.0122%	8h	234.65	+0.063%	$81K	$307K	50x	as long as short
Extended NBIS-USD	+0.0128%	1h	234.36	−0.059%	$146K	$702K	10x	as long as short
Binance NBISUSDTlong	+0.0131%	8h	234.50	long leg	$19.1M	$84.5M	25x
Kraken Futures PF_NBISUSD	+0.0152%	1h	234.41	−0.040%	$23K	$15K	20x	as long as short
Lighter NBIS	+0.0248%	1h	234.51	+0.004%	$902K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	234.85	+0.149%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0482%	1h	234.41	−0.039%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0699%	4h	234.45	−0.023%	$38K	$226K	10x	as long as short