Funding you earn now, next payment 08:00 UTC+0.0014%/8h= +1.6% APRnext payment +$0.14 per $10,000 · paid last 24h −0.001%
Price spread now: Binance against BloFin+0.020%7-day average −0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$360.364% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 2 days (all we have)−0.141%−$14 · spread now +0.020%, 7d avg −0.049%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Binance is 0.069% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.049%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin NBIS-USDT | 235.72 | 0.0255 | pay 0.0255% / 8h | 7h 22m | $207K | $211K | 20x |
| Short | Binance NBISUSDT | 235.77 | 0.0270 | get 0.0270% / 8h | 7h 22m | $19.6M | $85.6M | 25x |
BloFin NBIS-USDT
Binance NBISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $3.02
- Price spread: +0.020% → −0.049%
- $6.91
- Slippage, 4 orders
- −$14.42
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$26.49
- Costs to cover
- 0.364%
- Break-even
- 68.3 days
Slippage from BloFin: live order book, 42 min ago; Binance: live order book, 5 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 BloFin live order book, 42 min ago | 2.35 bp | 9.6 bp −$10 | 19.2 bp −$192 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.63 bp | 8.9 bp −$9 | 23.9 bp −$239 | 83.8 bp −$8,378 | 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 | 235.58 | −0.058% | $24K | $15K | 20x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 235.73 | +0.004% | $3.4M | $16.8M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 235.66 | −0.025% | $2.8M | $5.1M | 50x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 235.91 | +0.081% | $1K | $1.7M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 235.57 | −0.064% | $35K | $48K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 235.58 | −0.059% | $15K | $112K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 235.70 | −0.008% | $1.6M | $973K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0016% | 1h | 236.05 | +0.140% | $386K | $739K | 10x | as long as short |
| QFEX NBIS-USD | +0.0038% | 1h | 235.57 | −0.064% | $1.5M | $4.9M | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 235.98 | +0.110% | — | $224K | 5x | as long as short |
Kraken Futures PF_NBISUSD
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Phemex NBISUSDT
Coinbase International NBIS-PERP-INTX
QFEX NBIS-USD
Vest NBIS-USD-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit NBISUSDT | +0.0049% | 8h | 235.78 | +0.025% | $5.1M | $6.5M | 50x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 236.13 | +0.174% | $176K | $505K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 235.48 | −0.102% | $486K | $23K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 235.58 | −0.059% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 235.60 | −0.050% | — | — | 10x | as long as short |
| Bitget NBISUSDT | +0.0108% | 8h | 235.75 | +0.013% | $2.5M | $4.6M | 20x | as long as short |
| SoDEX NBIS-USD | +0.0131% | 1h | 235.67 | −0.021% | $52 | $20K | 10x | as long as short |
| Nado NBIS-PERP | +0.0182% | 1h | 235.47 | −0.105% | $31K | $66K | 3x | as long as short |
| edgeX NBISUSDC | +0.0184% | 4h | 235.95 | +0.096% | $38K | $228K | 10x | as long as short |
| Variational Omni NBIS | +0.0240% | 8h | 236.09 | +0.157% | $2.9M | $820K | — | as long as short |
| Aster NBISUSDT | +0.0248% | 8h | 235.78 | +0.025% | $81K | $308K | 50x | as long as short |
| BloFin NBIS-USDTlong | +0.0255% | 8h | 235.72 | long leg | $207K | $211K | 20x | |
| Binance NBISUSDTshort | +0.0270% | 8h | 235.77 | +0.020% | $19.6M | $85.6M | 25x | |
| Extended NBIS-USD | +0.0272% | 1h | 235.65 | −0.030% | $151K | $806K | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0311% | 1h | 235.66 | −0.025% | $134K | $444K | 10x | as long as short |
| Lighter NBIS | +0.0328% | 1h | 235.79 | +0.030% | $926K | $4.5M | 10x | as long as short |
| Arcus NBIS-USD | +0.0366% | 1h | 235.76 | +0.017% | $44K | $132K | 5x | as long as short |
| tradeXYZ xyz:NBIS | +0.0406% | 1h | 235.65 | −0.030% | $55.1M | $23.7M | 10x | as long as short |
| Phoenix NBIS | +0.0409% | 1h | 235.89 | +0.072% | $7K | $163K | 10x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0446% | 8h | 236.00 | +0.119% | $5K | $132K | 10x | as long as short |
| Entropy io:NBIS | +0.0870% | 1h | 235.75 | +0.013% | $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
Extended NBIS-USD
Polymarket Perps NBIS-USD
Lighter NBIS
Arcus NBIS-USD
tradeXYZ xyz:NBIS
Phoenix NBIS
GRVT NBIS_USDT_Perp
Entropy io:NBIS