Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.26 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against Binance−0.056%81s7-day average +0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as 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−$400.398% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 2 days (all we have)+0.177%+$18 · spread now −0.056%, 7d avg +0.049%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.105% cheaper against Binance than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.049%). Swap the legs. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NBISUSDT | 236.43 | 0.0240 | pay 0.0240% / 8h | 7h 47m | $19.6M | $86.0M | 25x |
| Short | BloFin NBIS-USDT | 236.30 | 0.0214 | get 0.0214% / 8h | 7h 47m | $206K | $214K | 20x |
Binance NBISUSDT
BloFin NBIS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$5.55
- Price spread: −0.056% → +0.049%
- −$10.49
- Slippage, 4 orders
- −$17.82
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$55.86
- Costs to cover
- 0.398%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; BloFin: live order book, 17 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 Binance live order book, 10 min ago | 1.06 bp | 11.4 bp −$11 | 26.0 bp −$260 | 93.6 bp −$9,359 | doesn't fit |
| Sell BloFin live order book, 17 min ago | 2.35 bp | 9.7 bp −$10 | 22.9 bp −$229 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NBISUSD | −0.0178% | 1h | 236.19 | −0.100% | $24K | $15K | 20x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 236.35 | −0.034% | $3.4M | $17.1M | 25x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 236.40 | −0.013% | $2.5M | $4.7M | 20x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 236.36 | −0.030% | $1K | $1.7M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 235.83 | −0.254% | $15K | $113K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 236.34 | −0.039% | $1.6M | $973K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0016% | 1h | 235.49 | −0.398% | $361K | $683K | 10x | as long as short |
| QFEX NBIS-USD | +0.0038% | 1h | 236.29 | −0.060% | $1.5M | $5.1M | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 236.54 | +0.046% | — | $234K | 5x | as long as short |
| Gate NBIS_USDT | +0.0049% | 8h | 236.30 | −0.056% | $2.8M | $5.1M | 50x | as long as short |
Kraken Futures PF_NBISUSD
OKX NBIS-USDT-SWAP
Bitget NBISUSDT
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDT
Coinbase International NBIS-PERP-INTX
QFEX NBIS-USD
Vest NBIS-USD-PERP
Gate NBIS_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 236.21 | −0.094% | $175K | $507K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 236.05 | −0.161% | $487K | $25K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 236.32 | −0.047% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 235.95 | −0.203% | — | — | 10x | as long as short |
| Nado NBIS-PERP | +0.0186% | 1h | 236.06 | −0.158% | $29K | $63K | 3x | as long as short |
| Variational Omni NBIS | +0.0198% | 8h | 236.05 | −0.160% | $2.9M | $817K | — | as long as short |
| BloFin NBIS-USDTshort | +0.0214% | 8h | 236.30 | −0.056% | $206K | $214K | 20x | |
| Aster NBISUSDT | +0.0223% | 8h | 236.02 | −0.174% | $82K | $308K | 50x | as long as short |
| Extended NBIS-USD | +0.0240% | 1h | 236.36 | −0.030% | $137K | $788K | 10x | as long as short |
| Binance NBISUSDTlong | +0.0240% | 8h | 236.43 | long leg | $19.6M | $86.0M | 25x | |
| Bybit NBISUSDT | +0.0258% | 8h | 236.42 | −0.005% | $5.2M | $6.5M | 50x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0352% | 8h | 235.50 | −0.394% | $5K | $137K | 10x | as long as short |
| Arcus NBIS-USD | +0.0366% | 1h | 235.85 | −0.246% | $44K | $133K | 5x | as long as short |
| Lighter NBIS | +0.0384% | 1h | 236.47 | +0.016% | $930K | $4.4M | 10x | as long as short |
| Phoenix NBIS | +0.0409% | 1h | 236.34 | −0.039% | $7K | $163K | 10x | as long as short |
| edgeX NBISUSDC | +0.0480% | 4h | 235.50 | −0.393% | $38K | $228K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0671% | 1h | 236.33 | −0.043% | $24 | $20K | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0767% | 1h | 236.27 | −0.068% | $35K | $48K | 10x | as long as short |
| Entropy io:NBIS | +0.0903% | 1h | 235.99 | −0.187% | $10.3M | $3.4M | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0909% | 1h | 236.34 | −0.039% | $140K | $429K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0994% | 1h | 236.35 | −0.034% | $55.3M | $23.6M | 10x | as long as short |
Ondo Perps NBIS-USD.P
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Nado NBIS-PERP
Variational Omni NBIS
Aster NBISUSDT
Extended NBIS-USD
Bybit NBISUSDT
GRVT NBIS_USDT_Perp
Arcus NBIS-USD
Lighter NBIS
Phoenix NBIS
edgeX NBISUSDC
SoDEX NBIS-USD
Deribit NBIS_USDC-PERPETUAL
Entropy io:NBIS
Polymarket Perps NBIS-USD
tradeXYZ xyz:NBIS