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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 08:00 UTC+0.0271%/8h= +29.7% APRnext payment +$2.71 per $10,000 · paid last 24h +0.029%
Price spread now: Binance against SunX−0.107%56s7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1441.442% of the position
Long on SunXShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days+0.137%+$14 on $10k
Price spread, last 2 days (all we have)+0.052%+$5 · spread now −0.107%, 7d avg −0.021%
Together, before fees+0.189%+$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.086% cheaper against SunX than usual: you would sell low and buy high (spread −0.107% now, against its 7-day average of −0.021%). If the spread goes back, that is −$9 on $10k: about 25 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.137% in total) that is about 4.4 days. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.137% in total (about 7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.71 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NBIS-USDT236.000get 0.0000% / 8h7h 24m$1K$1.7M10x
ShortBinance NBISUSDT235.750.0271get 0.0271% / 8h7h 24m$19.6M$85.6M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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
$56.95
Price spread: −0.107% → −0.021%
−$8.59
Slippage, 4 orders
−$126.17
Fee SunX: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$95.81
Costs to cover
1.442%
Break-even
18.8 days
Slippage from SunX: live order book, 11 min ago; Binance: live order book, 3 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 SunX live order book, 11 min ago44.83 bp63.2 bp −$63doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 3 min ago0.63 bp8.9 bp −$923.9 bp −$23983.8 bp −$8,378doesn'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%1h235.85−0.063%$24K$15K20xas long as short
OKX NBIS-USDT-SWAP0.0000%8h235.62−0.161%$3.4M$16.8M25xas long as short
Gate NBIS_USDT0.0000%8h235.80−0.085%$2.8M$5.1M50xas long as short
SunX NBIS-USDTlong0.0000%8h236.00long leg$1K$1.7M10x
HTX NBIS-USDT0.0000%8h236.25+0.106%$15K$112K20xas long as short
Phemex NBISUSDT0.0000%8h235.93−0.030%$1.6M$973K10xas long as short
Coinbase International NBIS-PERP-INTX+0.0016%1h236.05+0.021%$386K$739K10xas long as short
QFEX NBIS-USD+0.0038%1h235.65−0.148%$1.5M$4.9M10xas long as short
Vest NBIS-USD-PERP+0.0046%1h236.10+0.042%—$224K5xas long as short
Bybit NBISUSDT+0.0046%8h235.77−0.097%$5.1M$6.5M50xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps NBIS-USD.P+0.0050%1h236.13+0.055%$176K$505K10xas long as short
Deribit NBIS_USDC-PERPETUAL+0.0089%1h235.90−0.042%$35K$48K10xas long as short
KuCoin NBISUSDTM+0.0100%8h235.67−0.140%$486K$23K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h235.72−0.119%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h235.69−0.133%——10xas long as short
Bitget NBISUSDT+0.0108%8h235.69−0.131%$2.5M$4.6M20xas long as short
SoDEX NBIS-USD+0.0173%1h235.95−0.021%$57$20K10xas long as short
Nado NBIS-PERP+0.0186%1h235.69−0.130%$31K$66K3xas long as short
Variational Omni NBIS+0.0240%8h236.09+0.039%$2.9M$820K—as long as short
edgeX NBISUSDC+0.0246%4h236.29+0.122%$38K$227K10xas long as short
Aster NBISUSDT+0.0250%8h235.97−0.014%$82K$308K50xas long as short
Binance NBISUSDTshort+0.0271%8h235.75−0.107%$19.6M$85.6M25x
Extended NBIS-USD+0.0272%1h235.68−0.134%$151K$831K10xas long as short
BloFin NBIS-USDT+0.0291%8h236.20+0.085%$207K$212K20xas long as short
Polymarket Perps NBIS-USD+0.0322%1h235.72−0.119%$135K$442K10xas long as short
Lighter NBIS+0.0328%1h235.79−0.089%$926K$4.5M10xas long as short
Arcus NBIS-USD+0.0366%1h235.89−0.047%$44K$132K5xas long as short
Phoenix NBIS+0.0409%1h236.14+0.059%$7K$163K10xas long as short
tradeXYZ xyz:NBIS+0.0421%1h235.64−0.153%$55.1M$23.6M10xas long as short
GRVT NBIS_USDT_Perp+0.0500%8h236.27+0.114%$5K$133K10xas long as short
Entropy io:NBIS+0.0890%1h235.92−0.034%$10.3M$3.4M10xas long as short