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Funding arb · Price arb /

NBIS

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0328%/8h= +35.9% APRnext payment +$0.41 per $10,000 · paid last 24h +0.017%
Price spread now: Arcus against QFEX+0.004%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$280.276% of the position
Long on QFEXShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.140%+$14 on $10k
Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.004%, 7d avg −0.001%
Together, before fees+0.132%+$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX NBIS-USD235.690.0038pay 0.0005% / 1h21m 58s$1.5M$4.9M10x
ShortArcus NBIS-USD235.700.0366get 0.0046% / 1h21m 58s$44K$132K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against QFEX. 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
$68.9
Price spread: +0.004% → −0.001%
$0.55
Slippage, 4 orders
−$13.06
Fee QFEX: 5 bp × 2 orders
−$10
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
$41.89
Costs to cover
0.276%
Break-even
2.7 days
Slippage from QFEX: live order book, 6 min ago; Arcus: live order book, 51 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 QFEX live order book, 6 min ago2.33 bp8.1 bp −$812.3 bp −$123doesn't fitdoesn't fit
Sell Arcus live order book, 51 min ago2.98 bp6.9 bp −$711.2 bp −$112doesn't fitdoesn'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%1h235.62−0.031%$24K$15K20xas long as short
OKX NBIS-USDT-SWAP0.0000%8h235.690.000%$3.4M$16.8M25xas long as short
Gate NBIS_USDT0.0000%8h235.64−0.021%$2.8M$5.1M50xas long as short
SunX NBIS-USDT0.0000%8h235.91+0.093%$1K$1.7M10xas long as short
HTX NBIS-USDT0.0000%8h235.58−0.047%$15K$112K20xas long as short
Phemex NBISUSDT0.0000%8h235.70+0.004%$1.6M$973K10xas long as short
Coinbase International NBIS-PERP-INTX+0.0016%1h236.05+0.153%$386K$739K10xas long as short
QFEX NBIS-USDlong+0.0038%1h235.69long leg$1.5M$4.9M10x
Vest NBIS-USD-PERP+0.0046%1h235.92+0.098%—$224K5xas long as short
Deribit NBIS_USDC-PERPETUAL+0.0047%1h235.56−0.055%$35K$48K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NBISUSDT+0.0049%8h235.74+0.021%$5.1M$6.5M50xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h236.13+0.187%$176K$505K10xas long as short
KuCoin NBISUSDTM+0.0100%8h235.44−0.106%$485K$23K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h235.54−0.064%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h235.56−0.055%——10xas long as short
Bitget NBISUSDT+0.0108%8h235.63−0.025%$2.5M$4.6M20xas long as short
SoDEX NBIS-USD+0.0122%1h235.65−0.017%$47$20K10xas long as short
Nado NBIS-PERP+0.0181%1h235.61−0.033%$31K$66K3xas long as short
edgeX NBISUSDC+0.0184%4h235.95+0.109%$38K$228K10xas long as short
Variational Omni NBIS+0.0240%8h236.09+0.170%$2.9M$820K—as long as short
Aster NBISUSDT+0.0247%8h235.74+0.020%$81K$308K50xas long as short
BloFin NBIS-USDT+0.0255%8h235.72+0.013%$207K$211K20xas long as short
Binance NBISUSDT+0.0269%8h235.68−0.006%$19.6M$85.6M25xas long as short
Extended NBIS-USD+0.0272%1h235.65−0.019%$151K$781K10xas long as short
Polymarket Perps NBIS-USD+0.0301%1h235.57−0.051%$138K$451K10xas long as short
Lighter NBIS+0.0320%1h235.75+0.025%$925K$4.5M10xas long as short
Arcus NBIS-USDshort+0.0366%1h235.70+0.004%$44K$132K5x
tradeXYZ xyz:NBIS+0.0395%1h235.58−0.047%$55.1M$23.7M10xas long as short
Phoenix NBIS+0.0409%1h235.89+0.085%$7K$163K10xas long as short
GRVT NBIS_USDT_Perp+0.0446%8h236.00+0.132%$5K$132K10xas long as short
Entropy io:NBIS+0.0868%1h235.71+0.008%$10.3M$3.4M10xas long as short