NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0412%/8h= −45.2% APRnext payment −$0.52 per $10,000 · paid last 24h −0.004%

Price spread now: QFEX against Deribit+0.043%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on QFEX

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

The price spread pays, funding is against you. QFEX is 0.043% dearer against Deribit than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NBIS_USDC-PERPETUAL	233.39	0.0436	pay 0.0055% / 1h	35m 08s	$35K	$48K	10x
Short	QFEX NBIS-USD	233.49	0.0024	get 0.0003% / 1h	35m 08s	$1.5M	$4.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$86.59
Price spread: +0.043% → 0.000%: $4.28
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$99.31
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; QFEX: live order book, 3 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 QFEX live order book, 3 min ago	2.36 bp	7.8 bp −$8	12.5 bp −$125	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
Bybit NBISUSDT	0.0000%	8h	233.58	+0.081%	$5.1M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.63	+0.103%	$3.4M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.59	+0.086%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.66	+0.116%	$2.4M	$4.5M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.56	+0.073%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	233.40	+0.004%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.58	+0.081%	$1.6M	$972K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0016%	8h	233.46	+0.032%	$5K	$129K	10x	as long as short
QFEX NBIS-USDshort	+0.0024%	1h	233.49	+0.043%	$1.5M	$4.6M	10x
Arcus NBIS-USD	+0.0040%	1h	233.35	−0.017%	$42K	$132K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0046%	1h	233.55	+0.069%	—	$226K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.44	+0.021%	$148K	$456K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.43	+0.017%	$93	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.49	+0.043%	$163K	$499K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0096%	1h	233.39	+0.001%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.38	−0.004%	$481K	$21K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.44	+0.021%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.43	+0.017%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+1.140%	$386K	$721K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0113%	1h	233.53	+0.060%	$54.7M	$20.0M	10x	as long as short
Nado NBIS-PERP	+0.0139%	1h	233.26	−0.054%	$67K	$94K	3x	as long as short
Variational Omni NBIS	+0.0207%	8h	233.54	+0.064%	$2.8M	$571K	—	as long as short
Aster NBISUSDT	+0.0211%	8h	233.63	+0.102%	$81K	$314K	50x	as long as short
Binance NBISUSDT	+0.0231%	8h	233.56	+0.071%	$19.2M	$85.0M	25x	as long as short
Extended NBIS-USD	+0.0232%	1h	233.46	+0.030%	$150K	$701K	10x	as long as short
BloFin NBIS-USDT	+0.0234%	8h	234.04	+0.279%	$207K	$209K	20x	as long as short
Lighter NBIS	+0.0296%	1h	233.46	+0.030%	$901K	$4.4M	10x	as long as short
Phoenix NBIS	+0.0306%	1h	233.42	+0.013%	$7K	$152K	10x	as long as short
Entropy io:NBIS	+0.0361%	1h	233.46	+0.030%	$10.1M	$3.3M	10x	as long as short
Deribit NBIS_USDC-PERPETUALlong	+0.0436%	1h	233.39	long leg	$35K	$48K	10x
edgeX NBISUSDC	+0.0636%	4h	233.36	−0.012%	$37K	$226K	10x	as long as short