Funding you earn now, next payment 03:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.012%
Price spread now: Phemex against QFEX−0.047%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1201.201% of the position
Funding, last 4 days (all we have)−0.018%−$2 on $10k
+Price spread, last 3 days (all we have)+0.041%+$4 · spread now −0.047%, 7d avg +0.024%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.071% cheaper against QFEX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.024%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX NBIS-USD | 234.04 | 0.0023 | pay 0.0003% / 1h | 48m 49s | $1.5M | $4.4M | 10x |
| Short | Phemex NBISUSDT | 233.93 | 0 | get 0.0000% / 8h | 5h 48m | $1.6M | $967K | 10x |
QFEX NBIS-USD
Phemex NBISUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against QFEX. 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
- −$4.8
- Price spread: −0.047% → +0.024%
- −$7.12
- Slippage, 4 orders
- −$98.12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$132.04
- Costs to cover
- 1.201%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 5 min ago; Phemex: live order book, 4 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 QFEX live order book, 5 min ago | 2.13 bp | 8.8 bp −$9 | 11.4 bp −$114 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 2.78 bp | 63.9 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
NBIS on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado NBIS-PERP | −0.0013% | 1h | 234.09 | +0.022% | $67K | $95K | 3x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 234.00 | −0.017% | $5.0M | $6.2M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 233.95 | −0.038% | $3.4M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 234.02 | −0.009% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 234.02 | −0.009% | $2.4M | $4.4M | 20x | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 234.25 | +0.092% | $5K | $127K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 234.11 | +0.030% | $904 | $1.7M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 233.86 | −0.077% | $35K | $48K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 234.19 | +0.064% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDTshort | 0.0000% | 8h | 233.93 | −0.047% | $1.6M | $967K | 10x |
Nado NBIS-PERP
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX NBIS-USDlong | +0.0023% | 1h | 234.04 | long leg | $1.5M | $4.4M | 10x | |
| Arcus NBIS-USD | +0.0040% | 1h | 234.01 | −0.013% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 234.25 | +0.090% | — | $215K | 5x | as long as short |
| tradeXYZ xyz:NBIS | +0.0050% | 1h | 233.91 | −0.056% | $54.6M | $19.7M | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 233.91 | −0.056% | $149K | $453K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 233.93 | −0.047% | $23 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 234.09 | +0.021% | $163K | $499K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 233.99 | −0.021% | $482K | $21K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 233.97 | −0.030% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 233.91 | −0.054% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0104% | 1h | 233.53 | −0.218% | $382K | $712K | 10x | as long as short |
| Variational Omni NBIS | +0.0121% | 8h | 234.14 | +0.042% | $2.8M | $569K | — | as long as short |
| Aster NBISUSDT | +0.0137% | 8h | 234.24 | +0.086% | $81K | $307K | 50x | as long as short |
| Binance NBISUSDT | +0.0148% | 8h | 234.00 | −0.016% | $19.1M | $84.6M | 25x | as long as short |
| Extended NBIS-USD | +0.0152% | 1h | 233.94 | −0.042% | $147K | $698K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0152% | 1h | 233.94 | −0.042% | $23K | $15K | 20x | as long as short |
| Lighter NBIS | +0.0232% | 1h | 234.02 | −0.009% | $903K | $4.3M | 10x | as long as short |
| Phoenix NBIS | +0.0308% | 1h | 234.23 | +0.081% | $7K | $150K | 10x | as long as short |
| Entropy io:NBIS | +0.0417% | 1h | 234.04 | 0.000% | $10.2M | $3.3M | 10x | as long as short |
| edgeX NBISUSDC | +0.0894% | 4h | 234.14 | +0.042% | $38K | $226K | 10x | as long as short |
Arcus NBIS-USD
Vest NBIS-USD-PERP
tradeXYZ xyz:NBIS
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
Variational Omni NBIS
Aster NBISUSDT
Binance NBISUSDT
Extended NBIS-USD
Kraken Futures PF_NBISUSD
Lighter NBIS
Phoenix NBIS
Entropy io:NBIS
edgeX NBISUSDC