NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.028%

Price spread now: OKX against KuCoin+0.090%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$221as in the Funding arb table

Net, price: spread back to 7d avg − costs−$207as in the Price arb table

costs, in and out, $10k−$2102.104% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 4 days (all we have)+0.241%+$24 · spread now +0.090%, 7d avg +0.058%

Together, before fees+0.138%+$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.032% dearer against KuCoin than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of +0.058%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.104% in total) that is about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NBISUSDTM	234.40	0.0100	pay 0.0100% / 8h	5h 21m	$483K	$21K	20x
Short	OKX NBIS-USDT-SWAP	234.61	0	get 0.0000% / 8h	5h 21m	$3.4M	$16.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. 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 KuCoinbpFee OKXbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$21
Price spread: +0.090% → +0.058%: $3.18
Slippage, 4 orders: −$188.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$228.22
Costs to cover: 2.104%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; OKX: live order book, 2 min ago.

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 KuCoin live order book, 1 min ago	21.76 bp	121.7 bp −$122	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.64 bp	10.9 bp −$11	34.1 bp −$341	doesn't fit	doesn't fit

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	234.70	+0.128%	$5.0M	$6.2M	50x	as long as short
OKX NBIS-USDT-SWAPshort	0.0000%	8h	234.61	+0.090%	$3.4M	$16.2M	25x
Gate NBIS_USDT	0.0000%	8h	234.70	+0.128%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.66	+0.111%	$2.4M	$4.4M	20x	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	234.58	+0.077%	$4K	$127K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.61	+0.090%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.54	+0.060%	$15K	$60K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.67	+0.115%	$1.6M	$961K	10x	as long as short
Nado NBIS-PERP	+0.0011%	1h	234.37	−0.012%	$65K	$98K	3x	as long as short
QFEX NBIS-USD	+0.0023%	1h	234.67	+0.115%	$1.5M	$4.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NBIS-USD	+0.0040%	1h	234.44	+0.017%	$42K	$132K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.82	+0.179%	—	$215K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.62	+0.094%	$149K	$453K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	234.58	+0.077%	$38	$21K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	234.46	+0.026%	$164K	$498K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0078%	1h	234.62	+0.094%	$55.0M	$19.6M	10x	as long as short
Variational Omni NBIS	+0.0091%	8h	234.48	+0.033%	$2.9M	$568K	—	as long as short
KuCoin NBISUSDTMlong	+0.0100%	8h	234.40	long leg	$483K	$21K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.61	+0.090%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.60	+0.086%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	233.53	−0.371%	$382K	$712K	10x	as long as short
Aster NBISUSDT	+0.0122%	8h	234.69	+0.122%	$81K	$307K	50x	as long as short
BloFin NBIS-USDT	+0.0127%	8h	234.60	+0.085%	$207K	$204K	20x	as long as short
Extended NBIS-USD	+0.0128%	1h	234.63	+0.097%	$146K	$702K	10x	as long as short
Binance NBISUSDT	+0.0132%	8h	234.67	+0.113%	$19.2M	$84.5M	25x	as long as short
Kraken Futures PF_NBISUSD	+0.0152%	1h	234.54	+0.061%	$23K	$15K	20x	as long as short
Lighter NBIS	+0.0264%	1h	234.58	+0.077%	$902K	$4.3M	10x	as long as short
Phoenix NBIS	+0.0308%	1h	234.63	+0.098%	$7K	$150K	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0433%	1h	234.49	+0.038%	$35K	$48K	10x	as long as short
Entropy io:NBIS	+0.0503%	1h	234.54	+0.060%	$10.2M	$3.3M	10x	as long as short
edgeX NBISUSDC	+0.0972%	4h	234.37	−0.014%	$38K	$226K	10x	as long as short