NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0161%/8h= +17.6% APRnext payment +$0.20 per $10,000 · paid last 24h +0.059%

Price spread now: Entropy against Kraken Futures−0.109%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Entropy

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Entropy is 0.109% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.109% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 2.3 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NBISUSD	232.24	0.0222	pay 0.0028% / 1h	9m 30s	$23K	$15K	20x
Short	Entropy io:NBIS	231.99	0.0383	get 0.0048% / 1h	9m 30s	$10.1M	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy 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 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 Kraken FuturesbpFee EntropybpOrdersPrice spread, now −0.109%Rate

Funding earned: $33.81
Price spread: −0.109% → 0.000%: −$10.87
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$5.06
Costs to cover: 0.280%
Break-even: 8.0 days

Slippage unknown: Kraken Futures: no order-book sample; Entropy: live order book, 7 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 Entropy live order book, 7 min ago	1.29 bp	25.6 bp −$26	doesn't fit	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	−0.0469%	8h	232.34	+0.042%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0008%	8h	232.16	−0.036%	$204K	$206K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	232.26	+0.007%	$85K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	232.30	+0.023%	$146K	$753K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	232.32	+0.033%	$18.6M	$87.0M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	232.35	+0.046%	$4.9M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	232.27	+0.012%	$3.3M	$16.2M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	232.41	+0.072%	$2.7M	$5.1M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	232.26	+0.009%	$2.8M	$602K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	232.32	+0.034%	$5K	$117K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	232.17	−0.031%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	232.24	−0.001%	$15K	$61K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	232.46	+0.094%	$1.6M	$957K	10x	as long as short
QFEX NBIS-USD	+0.0029%	1h	232.35	+0.046%	$1.5M	$3.9M	10x	as long as short
Nado NBIS-PERP	+0.0038%	1h	232.25	+0.002%	$38K	$115K	3x	as long as short
Arcus NBIS-USD	+0.0040%	1h	231.92	−0.139%	$42K	$132K	5x	as long as short
edgeX NBISUSDC	+0.0045%	4h	232.19	−0.022%	$37K	$226K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	232.30	+0.025%	—	$220K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	232.22	−0.010%	$138K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.09	−0.066%	$152K	$548K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.15	−0.040%	$478K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	232.30	+0.025%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	232.30	+0.023%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0111%	1h	232.28	+0.016%	$54.6M	$21.1M	10x	as long as short
SoDEX NBIS-USD	+0.0139%	1h	232.28	+0.016%	$102	$20K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0168%	1h	231.92	−0.139%	$351K	$815K	10x	as long as short
Kraken Futures PF_NBISUSDlong	+0.0222%	1h	232.24	long leg	$23K	$15K	20x
Phoenix NBIS	+0.0242%	1h	232.31	+0.029%	$7K	$150K	10x	as long as short
Lighter NBIS	+0.0248%	1h	232.42	+0.076%	$940K	$4.0M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0310%	1h	232.15	−0.040%	$34K	$49K	10x	as long as short
Entropy io:NBISshort	+0.0383%	1h	231.99	−0.109%	$10.1M	$3.2M	10x