Funding you earn now, next payment 03:00 UTC−0.0037%/8h= −4.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.063%
Price spread now: QFEX against tradeXYZ+0.021%7-day average −0.009% · 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−$33as in the Price arb table
costs, in and out, $10k−$360.361% of the position
Funding, last 4 days (all we have)−0.103%−$10 on $10k
+Price spread, last 7 days−0.014%−$1 · spread now +0.021%, 7d avg −0.009%
=Together, before fees−0.117%+ Points / potential airdroptradeXYZ: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.031% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.009%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days. At the pace of the last 4 days (−0.103% in total) that is about 25 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:NBIS | 235.53 | 0.0060 | pay 0.0008% / 1h | 0m 12s | $55.2M | $19.6M | 10x |
| Short | QFEX NBIS-USD | 235.58 | 0.0023 | get 0.0003% / 1h | 0m 12s | $1.5M | $4.2M | 10x |
tradeXYZ xyz:NBIS
QFEX NBIS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against tradeXYZ. 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
- −$7.87
- Price spread: +0.021% → −0.009%
- $3.07
- Slippage, 4 orders
- −$8.15
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$40.95
- Costs to cover
- 0.361%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 9 min ago; QFEX: live order book, 3 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 tradeXYZ live order book, 9 min ago | 0.64 bp | 11.7 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 3 min ago | 2.34 bp | 7.3 bp −$7 | 11.1 bp −$111 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado NBIS-PERP | −0.0023% | 1h | 235.60 | +0.030% | $64K | $100K | 3x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 235.63 | +0.042% | $5.1M | $6.2M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 235.59 | +0.025% | $3.4M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 235.62 | +0.038% | $2.8M | $5.1M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 235.59 | +0.025% | $2.4M | $4.4M | 20x | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 235.42 | −0.049% | $5K | $120K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 235.65 | +0.051% | $1K | $1.7M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 235.55 | +0.008% | $35K | $48K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 235.50 | −0.013% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 235.66 | +0.055% | $1.6M | $960K | 10x | as long as short |
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-USDT
Phemex NBISUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX NBIS-USDshort | +0.0023% | 1h | 235.58 | +0.021% | $1.5M | $4.2M | 10x | |
| Arcus NBIS-USD | +0.0040% | 1h | 235.32 | −0.089% | $43K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 235.91 | +0.161% | — | $215K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 235.53 | 0.000% | $150K | $453K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 235.62 | +0.038% | $38 | $21K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 235.37 | −0.068% | $164K | $500K | 10x | as long as short |
| tradeXYZ xyz:NBISlong | +0.0060% | 1h | 235.53 | long leg | $55.2M | $19.6M | 10x | |
| Variational Omni NBIS | +0.0066% | 8h | 235.50 | −0.012% | $2.9M | $566K | — | as long as short |
| BloFin NBIS-USDT | +0.0098% | 8h | 235.56 | +0.013% | $207K | $205K | 20x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 235.45 | −0.034% | $485K | $21K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 235.62 | +0.038% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 235.62 | +0.037% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0104% | 1h | 235.35 | −0.076% | $389K | $724K | 10x | as long as short |
| Aster NBISUSDT | +0.0107% | 8h | 235.63 | +0.041% | $81K | $307K | 50x | as long as short |
| Binance NBISUSDT | +0.0112% | 8h | 235.66 | +0.054% | $19.3M | $84.4M | 25x | as long as short |
| Extended NBIS-USD | +0.0112% | 1h | 235.60 | +0.031% | $147K | $706K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0151% | 1h | 235.43 | −0.042% | $24K | $15K | 20x | as long as short |
| Lighter NBIS | +0.0256% | 1h | 235.64 | +0.047% | $902K | $4.3M | 10x | as long as short |
| Phoenix NBIS | +0.0308% | 1h | 235.30 | −0.098% | $7K | $150K | 10x | as long as short |
| Entropy io:NBIS | +0.0514% | 1h | 235.52 | −0.004% | $10.2M | $3.3M | 10x | as long as short |
| edgeX NBISUSDC | +0.0535% | 4h | 235.54 | +0.006% | $38K | $227K | 10x | as long as short |
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Variational Omni NBIS
BloFin NBIS-USDT
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
Aster NBISUSDT
Binance NBISUSDT
Extended NBIS-USD
Kraken Futures PF_NBISUSD
Lighter NBIS
Phoenix NBIS
Entropy io:NBIS
edgeX NBISUSDC