Funding you earn now, next payment 07:00 UTC−0.0484%/8h= −53.0% APRnext payment −$0.61 per $10,000 · paid last 24h +0.004%
Price spread now: Coinbase International against Kraken Futures−0.083%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 −$15 a day on $10k at the current rate, and Coinbase International is 0.083% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 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 | Kraken Futures PF_NBISUSD | 231.09 | 0.0540 | pay 0.0068% / 1h | 3m 36s | $23K | $15K | 20x |
| Short | Coinbase International NBIS-PERP-INTX | 230.90 | 0.0056 | get 0.0007% / 1h | 3m 36s | $357K | $811K | 10x |
Kraken Futures PF_NBISUSD
Coinbase International NBIS-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Kraken Futures. 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
- −$101.71
- Price spread: −0.083% → 0.000%
- −$8.32
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$130.03
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Coinbase International: live order book, 35 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 35 min ago | 6.27 bp | 12.3 bp −$12 | 21.0 bp −$210 | doesn't fit | doesn't fit |
Kraken Futures: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget NBISUSDT | −0.0362% | 8h | 231.26 | +0.073% | $2.3M | $4.6M | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 231.20 | +0.047% | $84K | $311K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 231.16 | +0.031% | $145K | $876K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 231.22 | +0.055% | $18.8M | $88.0M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 231.23 | +0.060% | $4.9M | $6.7M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 231.08 | −0.005% | $3.3M | $16.0M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 231.20 | +0.047% | $2.7M | $5.2M | 50x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 231.07 | −0.008% | $2.8M | $590K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 231.02 | −0.032% | $4K | $115K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 231.16 | +0.029% | $1K | $1.6M | 10x | as long as short |
Bitget NBISUSDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Variational Omni NBIS
GRVT NBIS_USDT_Perp
SunX NBIS-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 230.99 | −0.044% | $34K | $49K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 231.04 | −0.023% | $15K | $57K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 231.22 | +0.055% | $1.6M | $971K | 10x | as long as short |
| BloFin NBIS-USDT | +0.0005% | 8h | 231.07 | −0.010% | $204K | $212K | 20x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 230.95 | −0.062% | $42K | $131K | 5x | as long as short |
| QFEX NBIS-USD | +0.0041% | 1h | 231.25 | +0.068% | $1.5M | $3.7M | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 231.00 | −0.040% | — | $223K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 231.04 | −0.023% | $137K | $473K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 231.13 | +0.016% | $83 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 230.94 | −0.066% | $150K | $542K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTXshort | +0.0056% | 1h | 230.90 | −0.083% | $357K | $811K | 10x | |
| KuCoin NBISUSDTM | +0.0100% | 8h | 230.92 | −0.075% | $476K | $30K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 231.10 | +0.003% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 231.10 | +0.003% | — | — | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0118% | 1h | 231.16 | +0.029% | $54.1M | $21.2M | 10x | as long as short |
| Nado NBIS-PERP | +0.0173% | 1h | 231.04 | −0.024% | $38K | $116K | 3x | as long as short |
| Lighter NBIS | +0.0256% | 1h | 231.17 | +0.034% | $940K | $4.1M | 10x | as long as short |
| Phoenix NBIS | +0.0312% | 1h | 231.11 | +0.008% | $7K | $125K | 10x | as long as short |
| Entropy io:NBIS | +0.0405% | 1h | 231.05 | −0.018% | $10.1M | $3.1M | 10x | as long as short |
| edgeX NBISUSDC | +0.0505% | 4h | 230.94 | −0.068% | $37K | $227K | 10x | as long as short |
| Kraken Futures PF_NBISUSDlong | +0.0540% | 1h | 231.09 | long leg | $23K | $15K | 20x |
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Phemex NBISUSDT
BloFin NBIS-USDT
Arcus NBIS-USD
QFEX NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
tradeXYZ xyz:NBIS
Nado NBIS-PERP
Lighter NBIS
Phoenix NBIS
Entropy io:NBIS
edgeX NBISUSDC