Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Phemex against KuCoin+0.026%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$232as in the Funding arb table
Net, price: spread back to 7d avg − costs−$218as in the Price arb table
costs, in and out, $10k−$2132.130% of the position
Funding, last 7 days−0.190%−$19 on $10k
+Price spread, last 4 days (all we have)−0.005%−$1 · spread now +0.026%, 7d avg +0.071%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.045% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.071%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin NBISUSDTM | 230.28 | 0.0100 | pay 0.0100% / 8h | 1h 38m | $475K | $20K | 20x |
| Short | Phemex NBISUSDT | 230.34 | 0 | get 0.0000% / 8h | 1h 38m | $1.6M | $962K | 10x |
KuCoin NBISUSDTM
Phemex NBISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against KuCoin. 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
- −$21
- Price spread: +0.026% → +0.071%
- −$4.53
- Slippage, 4 orders
- −$188.98
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$238.51
- Costs to cover
- 2.130%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Phemex: live order book, 5 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, 5 min ago | 23.88 bp | 67.6 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 3.04 bp | 42.0 bp −$42 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget NBISUSDT | −0.0518% | 8h | 230.39 | +0.048% | $2.3M | $4.5M | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 230.41 | +0.058% | $84K | $311K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 230.26 | −0.009% | $144K | $662K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 230.39 | +0.048% | $18.5M | $87.3M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 230.40 | +0.052% | $4.9M | $6.6M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 230.36 | +0.035% | $3.3M | $16.1M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 230.33 | +0.022% | $2.7M | $5.1M | 50x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 230.48 | +0.087% | $2.8M | $602K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 230.55 | +0.118% | $5K | $116K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 230.42 | +0.061% | $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 | 230.26 | −0.009% | $34K | $49K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 230.50 | +0.096% | $15K | $57K | 20x | as long as short |
| Phemex NBISUSDTshort | 0.0000% | 8h | 230.34 | +0.026% | $1.6M | $962K | 10x | |
| BloFin NBIS-USDT | +0.0003% | 8h | 230.40 | +0.052% | $204K | $205K | 20x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 230.37 | +0.039% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 230.29 | +0.004% | — | $221K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 230.24 | −0.017% | $137K | $473K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 230.26 | −0.009% | $92 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 230.45 | +0.074% | $152K | $547K | 10x | as long as short |
| QFEX NBIS-USD | +0.0056% | 1h | 230.46 | +0.078% | $1.5M | $3.8M | 10x | as long as short |
| Nado NBIS-PERP | +0.0076% | 1h | 230.24 | −0.017% | $37K | $115K | 3x | as long as short |
| KuCoin NBISUSDTMlong | +0.0100% | 8h | 230.28 | long leg | $475K | $20K | 20x | |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 230.33 | +0.022% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 230.27 | −0.005% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0120% | 1h | 230.39 | +0.048% | $351K | $812K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0125% | 1h | 230.31 | +0.013% | $54.2M | $20.9M | 10x | as long as short |
| Lighter NBIS | +0.0216% | 1h | 230.37 | +0.039% | $947K | $4.0M | 10x | as long as short |
| Phoenix NBIS | +0.0311% | 1h | 230.47 | +0.083% | $7K | $150K | 10x | as long as short |
| Entropy io:NBIS | +0.0362% | 1h | 230.49 | +0.091% | $10.0M | $3.1M | 10x | as long as short |
| edgeX NBISUSDC | +0.0496% | 4h | 230.48 | +0.087% | $37K | $226K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0686% | 1h | 230.21 | −0.032% | $23K | $15K | 20x | as long as short |
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
BloFin NBIS-USDT
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
QFEX NBIS-USD
Nado NBIS-PERP
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
tradeXYZ xyz:NBIS
Lighter NBIS
Phoenix NBIS
Entropy io:NBIS
edgeX NBISUSDC
Kraken Futures PF_NBISUSD