Funding you earn now, next payment 16:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.64 per $10,000 · paid last 24h −0.027%
Price spread now: OKX against Binance−0.039%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$370.365% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 7 days+0.029%+$3 · spread now −0.039%, 7d avg −0.015%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.024% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NBISUSDT | 230.44 | 0.0064 | pay 0.0064% / 8h | 6h 54m | $18.7M | $90.8M | 25x |
| Short | OKX NBIS-USDT-SWAP | 230.35 | 0 | get 0.0000% / 8h | 6h 54m | $3.2M | $16.4M | 25x |
Binance NBISUSDT
OKX NBIS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$13.51
- Price spread: −0.039% → −0.015%
- −$2.41
- Slippage, 4 orders
- −$16.55
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$52.47
- Costs to cover
- 0.365%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; OKX: live order book, 4 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, 3 min ago | 0.43 bp | 8.4 bp −$8 | 22.6 bp −$226 | 90.8 bp −$9,082 | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.43 bp | 7.4 bp −$7 | 30.1 bp −$301 | 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 | −0.0041% | 8h | 230.29 | −0.065% | $2.3M | $4.7M | 20x | as long as short |
| OKX NBIS-USDT-SWAPshort | 0.0000% | 8h | 230.35 | −0.039% | $3.2M | $16.4M | 25x | |
| Gate NBIS_USDT | 0.0000% | 8h | 230.41 | −0.013% | $2.7M | $5.0M | 50x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 231.17 | +0.317% | $1K | $1.6M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 230.42 | −0.009% | $34K | $50K | 10x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 230.45 | +0.004% | $1.6M | $971K | 10x | as long as short |
| Variational Omni NBIS | +0.0011% | 8h | 231.16 | +0.312% | $2.8M | $639K | — | as long as short |
| Aster NBISUSDT | +0.0028% | 8h | 230.63 | +0.084% | $74K | $320K | 50x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 230.51 | +0.030% | — | $246K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 230.32 | −0.052% | $137K | $467K | 10x | as long as short |
Bitget NBISUSDT
Gate NBIS_USDT
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
Phemex NBISUSDT
Variational Omni NBIS
Aster NBISUSDT
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USDShow 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 | 230.99 | +0.239% | $149K | $538K | 10x | as long as short |
| QFEX NBIS-USD | +0.0054% | 1h | 230.40 | −0.017% | $1.5M | $3.7M | 10x | as long as short |
| BloFin NBIS-USDT | +0.0058% | 8h | 230.56 | +0.052% | $201K | $215K | 20x | as long as short |
| Extended NBIS-USD | +0.0064% | 1h | 230.38 | −0.026% | $145K | $856K | 10x | as long as short |
| Binance NBISUSDTlong | +0.0064% | 8h | 230.44 | long leg | $18.7M | $90.8M | 25x | |
| Nado NBIS-PERP | +0.0069% | 1h | 230.36 | −0.035% | $38K | $116K | 3x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0088% | 1h | 230.78 | +0.148% | $382K | $869K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 230.47 | +0.013% | $467K | $107K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 230.62 | +0.078% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 231.08 | +0.279% | — | — | 10x | as long as short |
| Bybit NBISUSDT | +0.0146% | 8h | 230.42 | −0.009% | $4.9M | $6.8M | 50x | as long as short |
| HTX NBIS-USDT | +0.0157% | 8h | 230.95 | +0.221% | $13K | $62K | 20x | as long as short |
| SoDEX NBIS-USD | +0.0209% | 1h | 230.54 | +0.043% | $74 | $20K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0242% | 1h | 230.37 | −0.030% | $54.1M | $21.8M | 10x | as long as short |
| Arcus NBIS-USD | +0.0257% | 1h | 230.38 | −0.026% | $42K | $124K | 5x | as long as short |
| Phoenix NBIS | +0.0277% | 1h | 230.93 | +0.213% | $7K | $127K | 10x | as long as short |
| Lighter NBIS | +0.0296% | 1h | 230.48 | +0.017% | $925K | $4.0M | 10x | as long as short |
| Entropy io:NBIS | +0.0681% | 1h | 230.57 | +0.056% | $10.1M | $3.2M | 10x | as long as short |
| edgeX NBISUSDC | +0.0719% | 4h | 231.07 | +0.274% | $37K | $226K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0771% | 1h | 230.52 | +0.035% | $22K | $16K | 20x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0822% | 8h | 231.19 | +0.326% | $5K | $114K | 10x | as long as short |
Ondo Perps NBIS-USD.P
QFEX NBIS-USD
BloFin NBIS-USDT
Extended NBIS-USD
Nado NBIS-PERP
Coinbase International NBIS-PERP-INTX
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Bybit NBISUSDT
HTX NBIS-USDT
SoDEX NBIS-USD
tradeXYZ xyz:NBIS
Arcus NBIS-USD
Phoenix NBIS
Lighter NBIS
Entropy io:NBIS
edgeX NBISUSDC
Kraken Futures PF_NBISUSD
GRVT NBIS_USDT_Perp