Funding you earn now, next payment 04:00 UTC+0.0139%/8h= +15.2% APRpaid last 24h +0.071%
Price spread now: Phoenix against KuCoin+0.077%48s7-day average +0.160% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1821.819% of the position
Funding, last 7 days+0.405%+$41 on $10k
+Price spread, last 4 days (all we have)+0.119%+$12 · spread now +0.077%, 7d avg +0.160%
=Funding pays, the price is against you. Phoenix is 0.083% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.077% now, against its 7-day average of +0.160%). If the spread goes back, that is −$8 on $10k: about 48 hours of funding at the current rate (+$4 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin NBISUSDTM | 233.63 | 0.0100 | pay 0.0100% / 8h | 3h 38m | $481K | $20K | 20x |
| Short | Phoenix NBIS | 233.81 | 0.0239 | get 0.0030% / 1h | 38m 35s | $7K | $150K | 10x |
KuCoin NBISUSDTM
Phoenix NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $29.14
- Price spread: +0.077% → +0.160%
- −$8.31
- Slippage, 4 orders
- −$162.85
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$161.02
- Costs to cover
- 1.819%
- Break-even
- 45.7 days
Slippage from KuCoin: live order book, 35 min ago; Phoenix: live order book, 7 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, 35 min ago | 18.93 bp | 77.5 bp −$77 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 7 min ago | 5.12 bp | 15.9 bp −$16 | 34.5 bp −$345 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin NBIS-USDT | −0.0023% | 8h | 233.61 | −0.009% | $206K | $205K | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 233.94 | +0.133% | $78K | $310K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 233.64 | +0.006% | $147K | $699K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 233.71 | +0.032% | $19.2M | $84.7M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 233.76 | +0.056% | $5.0M | $6.3M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 233.73 | +0.043% | $3.4M | $16.1M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 233.80 | +0.073% | $2.7M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 233.78 | +0.064% | $2.4M | $4.4M | 20x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 233.67 | +0.019% | $2.9M | $556K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 233.70 | +0.030% | $4K | $119K | 10x | as long as short |
BloFin NBIS-USDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
Variational Omni NBIS
GRVT NBIS_USDT_PerpShow 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 | +0.013% | $848 | $1.7M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 233.54 | −0.039% | $35K | $49K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 234.10 | +0.201% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 233.67 | +0.017% | $1.6M | $954K | 10x | as long as short |
| Nado NBIS-PERP | +0.0022% | 1h | 233.58 | −0.023% | $38K | $115K | 3x | as long as short |
| QFEX NBIS-USD | +0.0034% | 1h | 233.75 | +0.051% | $1.5M | $4.0M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 233.70 | +0.030% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 233.80 | +0.073% | — | $216K | 5x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0049% | 1h | 233.45 | −0.076% | $23K | $15K | 20x | as long as short |
| tradeXYZ xyz:NBIS | +0.0050% | 1h | 233.68 | +0.021% | $54.5M | $20.0M | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 233.54 | −0.039% | $147K | $456K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 233.62 | −0.004% | $75 | $21K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 233.98 | +0.150% | $160K | $502K | 10x | as long as short |
| KuCoin NBISUSDTMlong | +0.0100% | 8h | 233.63 | long leg | $481K | $20K | 20x | |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 233.63 | 0.000% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 233.59 | −0.018% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0104% | 1h | 235.56 | +0.826% | $389K | $724K | 10x | as long as short |
| edgeX NBISUSDC | +0.0171% | 4h | 233.69 | +0.026% | $38K | $226K | 10x | as long as short |
| Lighter NBIS | +0.0232% | 1h | 233.73 | +0.043% | $912K | $3.9M | 10x | as long as short |
| Phoenix NBISshort | +0.0239% | 1h | 233.81 | +0.077% | $7K | $150K | 10x | |
| Entropy io:NBIS | +0.0287% | 1h | 233.77 | +0.060% | $10.1M | $3.2M | 10x | as long as short |
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Phemex NBISUSDT
Nado NBIS-PERP
QFEX NBIS-USD
Arcus NBIS-USD
Vest NBIS-USD-PERP
Kraken Futures PF_NBISUSD
tradeXYZ xyz:NBIS
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
edgeX NBISUSDC
Lighter NBIS
Entropy io:NBIS