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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 00:00 UTC+0.0371%/8h= +40.6% APRnext payment +$0.46 per $10,000 · paid last 24h +0.092%
Price spread now: Phoenix against QFEX+0.136%7-day average +0.117% · 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−$39as in the Price arb table
costs, in and out, $10k−$410.408% of the position
Long on QFEXShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.135%+$13 on $10k
Price spread, last 3 days (all we have)+0.004%$0 · spread now +0.136%, 7d avg +0.117%
Together, before fees+0.139%+$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.117%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX NBIS-USD235.570.0038pay 0.0005% / 1h22m 42s$1.5M$4.9M10x
ShortPhoenix NBIS235.890.0409get 0.0051% / 1h22m 42s$7K$163K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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
$77.89
Price spread: +0.136% → +0.117%
$1.89
Slippage, 4 orders
−$23.77
Fee QFEX: 5 bp × 2 orders
−$10
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$39
Costs to cover
0.408%
Break-even
3.5 days
Slippage from QFEX: live order book, 6 min ago; Phoenix: live order book, 44 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 Phoenix live order book, 44 min ago3.83 bp12.7 bp −$1326.9 bp −$269doesn'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%1h235.58+0.006%$24K$15K20xas long as short
OKX NBIS-USDT-SWAP0.0000%8h235.69+0.051%$3.4M$16.8M25xas long as short
Gate NBIS_USDT0.0000%8h235.70+0.055%$2.8M$5.1M50xas long as short
SunX NBIS-USDT0.0000%8h235.91+0.144%$1K$1.7M10xas long as short
Deribit NBIS_USDC-PERPETUAL0.0000%1h235.570.000%$35K$48K10xas long as short
HTX NBIS-USDT0.0000%8h235.58+0.004%$15K$112K20xas long as short
Phemex NBISUSDT0.0000%8h235.70+0.055%$1.6M$973K10xas long as short
Coinbase International NBIS-PERP-INTX+0.0016%1h236.05+0.204%$386K$739K10xas long as short
QFEX NBIS-USDlong+0.0038%1h235.57long leg$1.5M$4.9M10x
Vest NBIS-USD-PERP+0.0046%1h235.98+0.174%—$224K5xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NBISUSDT+0.0049%8h235.79+0.093%$5.1M$6.5M50xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h236.13+0.238%$176K$505K10xas long as short
KuCoin NBISUSDTM+0.0100%8h235.48−0.038%$486K$23K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h235.58+0.004%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h235.60+0.014%——10xas long as short
Bitget NBISUSDT+0.0108%8h235.77+0.085%$2.5M$4.6M20xas long as short
SoDEX NBIS-USD+0.0131%1h235.67+0.042%$52$20K10xas long as short
Nado NBIS-PERP+0.0182%1h235.47−0.041%$31K$66K3xas long as short
edgeX NBISUSDC+0.0184%4h235.95+0.160%$38K$228K10xas long as short
Variational Omni NBIS+0.0240%8h236.09+0.221%$2.9M$820K—as long as short
Aster NBISUSDT+0.0247%8h235.82+0.106%$82K$308K50xas long as short
BloFin NBIS-USDT+0.0255%8h235.72+0.064%$207K$211K20xas long as short
Binance NBISUSDT+0.0269%8h235.78+0.087%$19.6M$85.6M25xas long as short
Extended NBIS-USD+0.0272%1h235.65+0.033%$151K$806K10xas long as short
Polymarket Perps NBIS-USD+0.0311%1h235.66+0.038%$134K$444K10xas long as short
Lighter NBIS+0.0328%1h235.85+0.119%$926K$4.5M10xas long as short
Arcus NBIS-USD+0.0366%1h235.76+0.081%$44K$132K5xas long as short
tradeXYZ xyz:NBIS+0.0403%1h235.61+0.017%$55.1M$23.7M10xas long as short
Phoenix NBISshort+0.0409%1h235.89+0.136%$7K$163K10x
GRVT NBIS_USDT_Perp+0.0446%8h236.00+0.183%$5K$132K10xas long as short
Entropy io:NBIS+0.0868%1h235.71+0.059%$10.3M$3.4M10xas long as short