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Funding arb · Price arb /

NBIS

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0269%/8h= +29.4% APRnext payment +$2.69 per $10,000 · paid last 24h +0.027%
Price spread now: Binance against OKX+0.021%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$370.366% of the position
Long on OKXShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days+0.051%+$5 on $10k
Price spread, last 2 days (all we have)−0.098%−$10 · spread now +0.021%, 7d avg −0.024%
Together, before fees−0.047%−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Binance is 0.046% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.024%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.051% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.69 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX NBIS-USDT-SWAP235.610get 0.0000% / 8h7h 22m$3.4M$16.8M25x
ShortBinance NBISUSDT235.660.0269get 0.0269% / 8h7h 22m$19.6M$85.6M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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

Funding earned
$56.47
Price spread: +0.021% → −0.024%
$4.56
Slippage, 4 orders
−$16.65
Fee OKX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
$24.38
Costs to cover
0.366%
Break-even
4.0 days
Slippage from OKX: live order book, 1 min ago; Binance: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 1 min ago1.27 bp9.3 bp −$922.9 bp −$229doesn't fitdoesn't fit
Sell Binance live order book, 5 min ago0.63 bp8.9 bp −$923.9 bp −$23983.8 bp −$8,378doesn't fit

NBIS on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NBISUSD−0.0178%1h235.58−0.011%$24K$15K20xas long as short
OKX NBIS-USDT-SWAPlong0.0000%8h235.61long leg$3.4M$16.8M25x
Gate NBIS_USDT0.0000%8h235.74+0.055%$2.8M$5.1M50xas long as short
SunX NBIS-USDT0.0000%8h235.91+0.127%$1K$1.7M10xas long as short
Deribit NBIS_USDC-PERPETUAL0.0000%1h235.57−0.017%$35K$48K10xas long as short
HTX NBIS-USDT0.0000%8h235.58−0.013%$15K$112K20xas long as short
Phemex NBISUSDT0.0000%8h235.70+0.038%$1.6M$973K10xas long as short
Coinbase International NBIS-PERP-INTX+0.0016%1h236.05+0.187%$386K$739K10xas long as short
QFEX NBIS-USD+0.0038%1h235.69+0.034%$1.5M$4.9M10xas long as short
Vest NBIS-USD-PERP+0.0046%1h235.98+0.157%—$224K5xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NBISUSDT+0.0049%8h235.72+0.047%$5.1M$6.5M50xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h236.13+0.221%$176K$505K10xas long as short
KuCoin NBISUSDTM+0.0100%8h235.51−0.042%$486K$23K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h235.58−0.013%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h235.60−0.003%——10xas long as short
Bitget NBISUSDT+0.0108%8h235.78+0.072%$2.5M$4.6M20xas long as short
SoDEX NBIS-USD+0.0131%1h235.67+0.025%$52$20K10xas long as short
Nado NBIS-PERP+0.0182%1h235.47−0.058%$31K$66K3xas long as short
edgeX NBISUSDC+0.0184%4h235.95+0.143%$38K$228K10xas long as short
Variational Omni NBIS+0.0240%8h236.09+0.204%$2.9M$820K—as long as short
Aster NBISUSDT+0.0247%8h235.87+0.109%$82K$308K50xas long as short
BloFin NBIS-USDT+0.0255%8h235.72+0.047%$207K$211K20xas long as short
Binance NBISUSDTshort+0.0269%8h235.66+0.021%$19.6M$85.6M25x
Extended NBIS-USD+0.0272%1h235.73+0.052%$151K$801K10xas long as short
Polymarket Perps NBIS-USD+0.0311%1h235.66+0.021%$134K$444K10xas long as short
Lighter NBIS+0.0328%1h235.85+0.102%$926K$4.5M10xas long as short
Arcus NBIS-USD+0.0366%1h235.70+0.038%$44K$132K5xas long as short
tradeXYZ xyz:NBIS+0.0403%1h235.610.000%$55.1M$23.7M10xas long as short
Phoenix NBIS+0.0409%1h235.89+0.119%$7K$163K10xas long as short
GRVT NBIS_USDT_Perp+0.0446%8h236.00+0.166%$5K$132K10xas long as short
Entropy io:NBIS+0.0868%1h235.71+0.042%$10.3M$3.4M10xas long as short