Funding you earn now, next payment 06:00 UTC+0.0380%/8h= +41.6% APRpaid last 24h +0.107%
Price spread now: Entropy against Binance−0.146%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$570.565% of the position
Funding, last 7 days+0.500%+$50 on $10k
+Price spread, last 7 days+0.172%+$17 · spread now −0.146%, 7d avg +0.011%
=Funding pays, the price is against you. Entropy is 0.158% cheaper against Binance than usual: you would sell low and buy high (spread −0.146% now, against its 7-day average of +0.011%). If the spread goes back, that is −$16 on $10k: about 33 hours of funding at the current rate (+$11 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NBISUSDT | 232.21 | 0 | get 0.0000% / 8h | 2h 10m | $18.6M | $87.0M | 25x |
| Short | Entropy io:NBIS | 231.87 | 0.0380 | get 0.0047% / 1h | 10m 48s | $10.1M | $3.2M | 10x |
Binance NBISUSDT
Entropy io:NBISFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy 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
- $79.72
- Price spread: −0.146% → +0.011%
- −$15.75
- Slippage, 4 orders
- −$28.51
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- $7.46
- Costs to cover
- 0.565%
- Break-even
- 6.3 days
Slippage from Binance: live order book, 2 min ago; Entropy: live order book, 6 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, 2 min ago | 0.65 bp | 8.4 bp −$8 | 20.5 bp −$205 | 83.5 bp −$8,353 | doesn't fit |
| Sell Entropy live order book, 6 min ago | 1.29 bp | 25.6 bp −$26 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget NBISUSDT | −0.0496% | 8h | 232.21 | 0.000% | $2.3M | $4.6M | 20x | as long as short |
| BloFin NBIS-USDT | −0.0008% | 8h | 232.16 | −0.022% | $204K | $206K | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 232.07 | −0.058% | $85K | $311K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 232.11 | −0.041% | $146K | $753K | 10x | as long as short |
| Binance NBISUSDTlong | 0.0000% | 8h | 232.21 | long leg | $18.6M | $87.0M | 25x | |
| Bybit NBISUSDT | 0.0000% | 8h | 232.18 | −0.013% | $4.9M | $6.5M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 232.15 | −0.026% | $3.3M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 232.15 | −0.026% | $2.7M | $5.1M | 50x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 232.26 | +0.023% | $2.8M | $602K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 231.39 | −0.354% | $5K | $117K | 10x | as long as short |
Bitget NBISUSDT
BloFin NBIS-USDT
Aster NBISUSDT
Extended NBIS-USD
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Variational Omni NBIS
GRVT NBIS_USDT_PerpShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX NBIS-USDT | 0.0000% | 8h | 232.17 | −0.017% | $1K | $1.6M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 232.24 | +0.013% | $15K | $61K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 232.29 | +0.034% | $1.6M | $956K | 10x | as long as short |
| QFEX NBIS-USD | +0.0029% | 1h | 232.14 | −0.030% | $1.5M | $3.9M | 10x | as long as short |
| Nado NBIS-PERP | +0.0039% | 1h | 232.03 | −0.078% | $38K | $115K | 3x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 231.67 | −0.233% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 232.05 | −0.069% | — | $220K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 232.12 | −0.039% | $138K | $473K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 232.09 | −0.052% | $152K | $548K | 10x | as long as short |
| edgeX NBISUSDC | +0.0060% | 4h | 231.91 | −0.127% | $37K | $225K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 232.06 | −0.065% | $478K | $20K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 232.30 | +0.039% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 232.24 | +0.012% | — | — | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0108% | 1h | 232.08 | −0.056% | $54.5M | $21.1M | 10x | as long as short |
| SoDEX NBIS-USD | +0.0121% | 1h | 232.17 | −0.017% | $107 | $20K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0168% | 1h | 231.92 | −0.125% | $351K | $815K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0222% | 1h | 232.18 | −0.014% | $23K | $15K | 20x | as long as short |
| Phoenix NBIS | +0.0242% | 1h | 231.99 | −0.095% | $7K | $150K | 10x | as long as short |
| Lighter NBIS | +0.0256% | 1h | 232.20 | −0.004% | $939K | $4.0M | 10x | as long as short |
| Entropy io:NBISshort | +0.0380% | 1h | 231.87 | −0.146% | $10.1M | $3.2M | 10x | |
| Deribit NBIS_USDC-PERPETUAL | +0.0526% | 1h | 232.20 | −0.004% | $34K | $49K | 10x | as long as short |
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDT
QFEX NBIS-USD
Nado NBIS-PERP
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
Ondo Perps NBIS-USD.P
edgeX NBISUSDC
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
tradeXYZ xyz:NBIS
SoDEX NBIS-USD
Coinbase International NBIS-PERP-INTX
Kraken Futures PF_NBISUSD
Phoenix NBIS
Lighter NBIS
Deribit NBIS_USDC-PERPETUAL