NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h −0.077%

Price spread now: QFEX against Kraken Futures+0.128%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on QFEX

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

The price spread pays, funding is against you. QFEX is 0.128% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.128% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 29 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NBISUSD	233.45	0.0049	pay 0.0006% / 1h	38m 28s	$23K	$15K	20x
Short	QFEX NBIS-USD	233.75	0.0034	get 0.0004% / 1h	38m 28s	$1.5M	$4.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.128%Rate

Funding earned: −$3.05
Price spread: +0.128% → 0.000%: $12.77
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$10.28
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; QFEX: live order book, 5 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 QFEX live order book, 5 min ago	3.20 bp	9.0 bp −$9	12.2 bp −$122	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
BloFin NBIS-USDT	−0.0023%	8h	233.61	+0.068%	$206K	$205K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	233.95	+0.213%	$78K	$310K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	233.64	+0.082%	$147K	$699K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	233.76	+0.133%	$19.2M	$84.7M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	233.77	+0.136%	$5.0M	$6.3M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.73	+0.119%	$3.4M	$16.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.80	+0.149%	$2.7M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.75	+0.128%	$2.4M	$4.4M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	233.67	+0.095%	$2.9M	$556K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	233.70	+0.106%	$4K	$119K	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	233.66	+0.089%	$848	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	233.54	+0.038%	$35K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.10	+0.278%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.67	+0.093%	$1.6M	$954K	10x	as long as short
Nado NBIS-PERP	+0.0022%	1h	233.59	+0.057%	$38K	$115K	3x	as long as short
QFEX NBIS-USDshort	+0.0034%	1h	233.75	+0.128%	$1.5M	$4.0M	10x
Arcus NBIS-USD	+0.0040%	1h	233.70	+0.106%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.88	+0.183%	—	$216K	5x	as long as short
Kraken Futures PF_NBISUSDlong	+0.0049%	1h	233.45	long leg	$23K	$15K	20x
tradeXYZ xyz:NBIS	+0.0050%	1h	233.69	+0.102%	$54.5M	$20.0M	10x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.68	+0.098%	$147K	$456K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.62	+0.072%	$75	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.98	+0.226%	$160K	$502K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.65	+0.085%	$481K	$20K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.63	+0.076%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.59	+0.058%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	235.56	+0.903%	$389K	$724K	10x	as long as short
edgeX NBISUSDC	+0.0171%	4h	233.69	+0.102%	$38K	$226K	10x	as long as short
Lighter NBIS	+0.0232%	1h	233.73	+0.119%	$912K	$3.9M	10x	as long as short
Phoenix NBIS	+0.0239%	1h	233.81	+0.153%	$7K	$150K	10x	as long as short
Entropy io:NBIS	+0.0287%	1h	233.77	+0.136%	$10.1M	$3.2M	10x	as long as short