NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.03 per $10,000 · paid last 24h +0.003%

Price spread now: Polymarket Perps against QFEX+0.034%7-day average +0.007% · 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−$24as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on QFEX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.017%−$2 on $10k

Price spread, last 3 days (all we have)+0.037%+$4 · spread now +0.034%, 7d avg +0.007%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.027% dearer against QFEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NBIS-USD	234.74	0.0024	pay 0.0003% / 1h	57m 20s	$1.5M	$4.9M	10x
Short	Polymarket Perps NBIS-USD	234.82	0.0050	get 0.0006% / 1h	57m 20s	$142K	$462K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Position, each leg$Hold fordaysFee QFEXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.034%Rate

Funding earned: $5.53
Price spread: +0.034% → +0.007%: $2.74
Slippage, 4 orders: −$8.28
Fee QFEX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$18.02
Costs to cover: 0.263%
Break-even: 29.8 days

Slippage from QFEX: live order book, 11 min ago; Polymarket Perps: live order book, 10 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, 11 min ago	2.12 bp	7.1 bp −$7	8.0 bp −$80	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 10 min ago	1.91 bp	5.9 bp −$6	6.3 bp −$63	25.4 bp −$2,544	doesn't fit

NBIS on 31 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
Bybit NBISUSDT	0.0000%	8h	234.77	+0.013%	$5.1M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.87	+0.055%	$3.4M	$16.7M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.86	+0.051%	$2.8M	$4.9M	50x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.84	+0.043%	$1K	$1.7M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.61	+0.371%	$15K	$66K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.86	+0.051%	$1.6M	$972K	10x	as long as short
QFEX NBIS-USDlong	+0.0024%	1h	234.74	long leg	$1.5M	$4.9M	10x
Arcus NBIS-USD	+0.0040%	1h	235.33	+0.251%	$43K	$135K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.16	+0.179%	—	$223K	5x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0048%	1h	234.75	+0.004%	$35K	$48K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps NBIS-USDshort	+0.0050%	1h	234.82	+0.034%	$142K	$462K	10x
SoDEX NBIS-USD	+0.0050%	1h	234.84	+0.043%	$89	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.07	+0.141%	$174K	$506K	10x	as long as short
Nado NBIS-PERP	+0.0051%	1h	234.78	+0.017%	$31K	$66K	3x	as long as short
Bitget NBISUSDT	+0.0091%	8h	234.90	+0.068%	$2.5M	$4.6M	20x	as long as short
Kraken Futures PF_NBISUSD	+0.0095%	1h	234.66	−0.034%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	234.86	+0.051%	$484K	$22K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.88	+0.060%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.86	+0.053%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+0.558%	$386K	$736K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0124%	1h	234.79	+0.021%	$54.9M	$23.7M	10x	as long as short
Lighter NBIS	+0.0184%	1h	234.98	+0.102%	$916K	$4.4M	10x	as long as short
Aster NBISUSDT	+0.0257%	8h	235.16	+0.179%	$81K	$308K	50x	as long as short
Variational Omni NBIS	+0.0263%	8h	235.53	+0.336%	$2.9M	$591K	—	as long as short
Extended NBIS-USD	+0.0280%	1h	234.80	+0.027%	$151K	$705K	10x	as long as short
Binance NBISUSDT	+0.0281%	8h	234.87	+0.055%	$19.5M	$85.4M	25x	as long as short
Entropy io:NBIS	+0.0294%	1h	235.25	+0.217%	$10.3M	$3.4M	10x	as long as short
BloFin NBIS-USDT	+0.0310%	8h	235.50	+0.324%	$207K	$210K	20x	as long as short
GRVT NBIS_USDT_Perp	+0.0325%	8h	235.40	+0.281%	$5K	$131K	10x	as long as short
Phoenix NBIS	+0.0409%	1h	235.10	+0.153%	$7K	$152K	10x	as long as short
edgeX NBISUSDC	+0.0967%	4h	235.39	+0.276%	$38K	$225K	10x	as long as short