Funding you earn now, next payment 16:00 UTC+0.0256%/8h= +28.0% APRnext payment +$2.56 per $10,000 · paid last 24h +0.030%
Price spread now: BloFin against Phemex−0.056%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1081.077% of the position
Funding, last 7 days+0.130%+$13 on $10k
+Price spread, last 4 days (all we have)+0.035%+$3 · spread now −0.056%, 7d avg +0.003%
=Funding pays, the price is against you. BloFin is 0.059% cheaper against Phemex than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of +0.003%). If the spread goes back, that is −$6 on $10k: about 18 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.130% in total) that is about 3.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.130% in total (about 6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.56 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NBISUSDT | 232.73 | 0 | get 0.0000% / 8h | 4h 49m | $1.6M | $968K | 10x |
| Short | BloFin NBIS-USDT | 232.60 | 0.0256 | get 0.0256% / 8h | 4h 49m | $207K | $216K | 20x |
Phemex NBISUSDT
BloFin NBIS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Phemex. 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
- $53.71
- Price spread: −0.056% → +0.003%
- −$5.87
- Slippage, 4 orders
- −$83.73
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$59.89
- Costs to cover
- 1.077%
- Break-even
- 14.8 days
Slippage from Phemex: live order book, 2 min ago; BloFin: live order book, 49 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 Phemex live order book, 2 min ago | 1.28 bp | 40.2 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 49 min ago | 0.21 bp | 10.4 bp −$10 | 22.3 bp −$223 | doesn't fit | doesn't fit |
NBIS on 31 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 232.58 | −0.064% | $3.3M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 232.63 | −0.043% | $2.7M | $4.8M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 232.74 | +0.004% | $2.2M | $4.4M | 20x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 232.83 | +0.043% | $955 | $1.4M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 233.07 | +0.146% | $12K | $61K | 20x | as long as short |
| Phemex NBISUSDTlong | 0.0000% | 8h | 232.73 | long leg | $1.6M | $968K | 10x | |
| Kraken Futures PF_NBISUSD | +0.0039% | 1h | 232.48 | −0.109% | $22K | $10K | 20x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 233.15 | +0.180% | $1K | $20K | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 232.61 | −0.052% | $129K | $478K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 232.43 | −0.129% | $150K | $519K | 10x | as long as short |
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
SunX NBIS-USDT
HTX NBIS-USDT
Kraken Futures PF_NBISUSD
SoDEX NBIS-USD
Polymarket Perps NBIS-USD
Ondo Perps NBIS-USD.PShow all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NBIS-USD-PERP | +0.0052% | 1h | 232.98 | +0.107% | — | $250K | 5x | as long as short |
| QFEX NBIS-USD | +0.0053% | 1h | 232.63 | −0.043% | $1.6M | $3.6M | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 232.52 | −0.090% | $471K | $247K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 232.82 | +0.039% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 232.53 | −0.085% | — | — | 10x | as long as short |
| Nado NBIS-PERP | +0.0162% | 1h | 232.37 | −0.153% | $38K | $68K | 3x | as long as short |
| edgeX NBISUSDC | +0.0168% | 4h | 233.45 | +0.309% | $31K | $234K | 10x | as long as short |
| Variational Omni NBIS | +0.0198% | 8h | 233.48 | +0.321% | $2.9M | $623K | — | as long as short |
| Bybit NBISUSDT | +0.0221% | 8h | 232.70 | −0.013% | $5.4M | $6.9M | 50x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0224% | 1h | 234.06 | +0.571% | $383K | $861K | 10x | as long as short |
| Aster NBISUSDT | +0.0224% | 8h | 233.16 | +0.184% | $81K | $314K | 50x | as long as short |
| Extended NBIS-USD | +0.0248% | 1h | 232.57 | −0.068% | $146K | $1.0M | 10x | as long as short |
| Binance NBISUSDT | +0.0252% | 8h | 232.73 | 0.000% | $20.5M | $90.4M | 25x | as long as short |
| BloFin NBIS-USDTshort | +0.0256% | 8h | 232.60 | −0.056% | $207K | $216K | 20x | |
| Deribit NBIS_USDC-PERPETUAL | +0.0267% | 1h | 232.44 | −0.125% | $36K | $50K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0362% | 1h | 232.68 | −0.021% | $55.6M | $18.9M | 10x | as long as short |
| Lighter NBIS | +0.0376% | 1h | 232.65 | −0.034% | $941K | $3.7M | 10x | as long as short |
| Phoenix NBIS | +0.0444% | 1h | 233.23 | +0.215% | $7K | $117K | 10x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0476% | 8h | 233.48 | +0.321% | $4K | $101K | 10x | as long as short |
| Entropy io:NBIS | +0.0711% | 1h | 232.95 | +0.095% | $10.1M | $2.9M | 10x | as long as short |
| Arcus NBIS-USD | +0.0870% | 1h | 232.47 | −0.112% | $43K | $117K | 5x | as long as short |
Vest NBIS-USD-PERP
QFEX NBIS-USD
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Nado NBIS-PERP
edgeX NBISUSDC
Variational Omni NBIS
Bybit NBISUSDT
Coinbase International NBIS-PERP-INTX
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Deribit NBIS_USDC-PERPETUAL
tradeXYZ xyz:NBIS
Lighter NBIS
Phoenix NBIS
GRVT NBIS_USDT_Perp
Entropy io:NBIS
Arcus NBIS-USD