NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0358%/8h= −39.2% APRnext payment −$0.45 per $10,000 · paid last 24h +0.011%

Price spread now: Arcus against Deribit−0.178%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Arcus is 0.178% cheaper against Deribit than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NBIS_USDC-PERPETUAL	236.40	0.0724	pay 0.0090% / 1h	47m 14s	$35K	$48K	10x
Short	Arcus NBIS-USD	235.98	0.0366	get 0.0046% / 1h	47m 14s	$44K	$132K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Deribit. 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 DeribitbpFee ArcusbpOrdersPrice spread, now −0.178%Rate

Funding earned: −$75.09
Price spread: −0.178% → 0.000%: −$17.77
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$104.35
Costs to cover: 0.115%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Arcus: live order book, 26 min ago. Net counts fees only.

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 Deribit no order-book sample	—	—	—	—	—
Sell Arcus live order book, 26 min ago	2.98 bp	6.9 bp −$7	11.2 bp −$112	doesn't fit	doesn't fit

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	236.27	−0.055%	$24K	$15K	20x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	236.35	−0.021%	$3.4M	$17.1M	25x	as long as short
Bitget NBISUSDT	0.0000%	8h	236.41	+0.004%	$2.5M	$4.7M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	236.42	+0.008%	$1K	$1.7M	10x	as long as short
Phemex NBISUSDT	0.0000%	8h	236.42	+0.008%	$1.6M	$973K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0016%	1h	235.49	−0.385%	$361K	$683K	10x	as long as short
HTX NBIS-USDT	+0.0033%	8h	236.39	−0.004%	$15K	$112K	20x	as long as short
QFEX NBIS-USD	+0.0038%	1h	236.35	−0.021%	$1.5M	$5.1M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	236.58	+0.076%	—	$234K	5x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	236.21	−0.080%	$175K	$507K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NBISUSDTM	+0.0100%	8h	236.13	−0.114%	$487K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	236.40	0.000%	$2K	$3K	10x	as long as short
Gate NBIS_USDT	+0.0103%	8h	236.32	−0.034%	$2.8M	$5.1M	50x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.98	−0.176%	—	—	10x	as long as short
Variational Omni NBIS	+0.0198%	8h	236.05	−0.147%	$2.9M	$817K	—	as long as short
Nado NBIS-PERP	+0.0205%	1h	236.20	−0.085%	$29K	$63K	3x	as long as short
Aster NBISUSDT	+0.0226%	8h	236.07	−0.141%	$82K	$308K	50x	as long as short
Extended NBIS-USD	+0.0240%	1h	236.37	−0.012%	$143K	$805K	10x	as long as short
Binance NBISUSDT	+0.0243%	8h	236.45	+0.020%	$19.6M	$86.0M	25x	as long as short
BloFin NBIS-USDT	+0.0272%	8h	236.48	+0.034%	$206K	$214K	20x	as long as short
Bybit NBISUSDT	+0.0298%	8h	236.41	+0.004%	$5.2M	$6.5M	50x	as long as short
Arcus NBIS-USDshort	+0.0366%	1h	235.98	−0.178%	$44K	$132K	5x
Lighter NBIS	+0.0384%	1h	236.51	+0.047%	$930K	$4.4M	10x	as long as short
edgeX NBISUSDC	+0.0391%	4h	236.21	−0.079%	$38K	$229K	10x	as long as short
Phoenix NBIS	+0.0409%	1h	236.34	−0.025%	$7K	$163K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0498%	8h	236.24	−0.068%	$5K	$137K	10x	as long as short
SoDEX NBIS-USD	+0.0667%	1h	236.39	−0.004%	$24	$20K	10x	as long as short
Deribit NBIS_USDC-PERPETUALlong	+0.0724%	1h	236.40	long leg	$35K	$48K	10x
Polymarket Perps NBIS-USD	+0.0842%	1h	236.41	+0.004%	$140K	$429K	10x	as long as short
Entropy io:NBIS	+0.0903%	1h	235.99	−0.173%	$10.3M	$3.4M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0975%	1h	236.36	−0.017%	$55.3M	$23.6M	10x	as long as short