Funding you earn now, next payment 16:00 UTC−0.0097%/8h= −10.6% APRnext payment −$0.97 per $10,000 · paid last 24h −0.027%
Price spread now: OKX against Binance+0.089%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$390.390% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 7 days−0.098%−$10 · spread now +0.089%, 7d avg −0.015%
=The price spread pays, funding is against you. OKX is 0.104% dearer against Binance than usual: you sell high and buy low (spread +0.089% now, against its 7-day average of −0.015%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.6 days. At the pace of the last 7 days (−0.050% in total) that is about 15 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NBISUSDT | 232.40 | 0.0097 | pay 0.0097% / 8h | 6h 02m | $19.7M | $90.8M | 25x |
| Short | OKX NBIS-USDT-SWAP | 232.61 | 0 | get 0.0000% / 8h | 6h 02m | $3.3M | $16.5M | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. 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
- −$20.38
- Price spread: +0.089% → −0.015%
- $10.38
- Slippage, 4 orders
- −$19.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$49.03
- Costs to cover
- 0.390%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; OKX: 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 | 1.08 bp | 9.1 bp −$9 | 25.7 bp −$257 | 87.5 bp −$8,749 | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.58 bp | 9.1 bp −$9 | 33.0 bp −$330 | doesn't fit | doesn't fit |
NBIS on 31 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX NBIS-USDT-SWAPshort | 0.0000% | 8h | 232.61 | +0.089% | $3.3M | $16.5M | 25x | |
| Gate NBIS_USDT | 0.0000% | 8h | 232.46 | +0.024% | $2.7M | $5.1M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 232.52 | +0.050% | $2.3M | $4.6M | 20x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 232.07 | −0.144% | $982 | $1.5M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 232.03 | −0.161% | $34K | $49K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 232.36 | −0.019% | $13K | $62K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 232.61 | +0.089% | $1.6M | $969K | 10x | as long as short |
| Variational Omni NBIS | +0.0024% | 8h | 232.60 | +0.085% | $2.9M | $636K | — | as long as short |
| Bybit NBISUSDT | +0.0039% | 8h | 232.47 | +0.029% | $5.0M | $6.8M | 50x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 232.37 | −0.014% | — | $250K | 5x | as long as short |
Show all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 232.14 | −0.113% | $138K | $472K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 231.86 | −0.234% | $153K | $522K | 10x | as long as short |
| QFEX NBIS-USD | +0.0054% | 1h | 232.13 | −0.118% | $1.6M | $3.7M | 10x | as long as short |
| Aster NBISUSDT | +0.0063% | 8h | 232.06 | −0.147% | $74K | $312K | 50x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0088% | 1h | 231.78 | −0.268% | $382K | $876K | 10x | as long as short |
| Extended NBIS-USD | +0.0096% | 1h | 232.31 | −0.039% | $146K | $844K | 10x | as long as short |
| Binance NBISUSDTlong | +0.0097% | 8h | 232.40 | long leg | $19.7M | $90.8M | 25x | |
| BloFin NBIS-USDT | +0.0098% | 8h | 232.68 | +0.119% | $157K | $216K | 20x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 232.12 | −0.122% | $471K | $164K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 232.20 | −0.088% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 232.15 | −0.109% | — | — | 10x | as long as short |
| Nado NBIS-PERP | +0.0135% | 1h | 232.11 | −0.127% | $38K | $86K | 3x | as long as short |
| SoDEX NBIS-USD | +0.0140% | 1h | 232.44 | +0.016% | $60 | $19K | 10x | as long as short |
| Arcus NBIS-USD | +0.0257% | 1h | 232.23 | −0.075% | $42K | $121K | 5x | as long as short |
| tradeXYZ xyz:NBIS | +0.0285% | 1h | 232.43 | +0.011% | $54.7M | $19.2M | 10x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0318% | 8h | 232.34 | −0.028% | $4K | $103K | 10x | as long as short |
| Phoenix NBIS | +0.0347% | 1h | 232.07 | −0.144% | $7K | $127K | 10x | as long as short |
| Lighter NBIS | +0.0384% | 1h | 232.42 | +0.007% | $942K | $4.1M | 10x | as long as short |
| Entropy io:NBIS | +0.0664% | 1h | 232.18 | −0.096% | $10.1M | $3.1M | 10x | as long as short |
| edgeX NBISUSDC | +0.0732% | 4h | 232.38 | −0.009% | $37K | $227K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0765% | 1h | 232.16 | −0.104% | $22K | $11K | 20x | as long as short |
Binance NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Phemex NBISUSDT
Variational Omni NBIS
Bybit NBISUSDT
Polymarket Perps NBIS-USD
Aster NBISUSDT
Coinbase International NBIS-PERP-INTX
Extended NBIS-USD
BloFin NBIS-USDT
KuCoin NBISUSDTM
SoDEX NBIS-USD
tradeXYZ xyz:NBIS
GRVT NBIS_USDT_Perp
Phoenix NBIS
Lighter NBIS
edgeX NBISUSDC
Kraken Futures PF_NBISUSD