NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0210%/8h= −23.0% APRnext payment −$2.10 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against BloFin−0.047%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1521.524% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 3 days (all we have)+0.055%+$5 · spread now −0.047%, 7d avg −0.073%

Together, before fees+0.114%+$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.026% dearer against BloFin than usual: you sell high and buy low (spread −0.047% now, against its 7-day average of −0.073%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 10 hours. Mind the row above: over the last 7 days funding on this pair paid +0.059%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.059% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.10 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NBIS-USDT	235.50	0.0310	pay 0.0310% / 8h	6h 59m	$207K	$210K	20x
Short	KuCoin NBISUSDTM	235.39	0.0100	get 0.0100% / 8h	6h 59m	$485K	$22K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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

Position, each leg$Hold fordaysFee BloFinbpFee KuCoinbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$44.18
Price spread: −0.047% → −0.073%: $2.6
Slippage, 4 orders: −$128.39
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$193.97
Costs to cover: 1.524%
Break-even: never at this rate

Slippage from BloFin: live order book, 66 min ago; KuCoin: live order book, 53 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 BloFin live order book, 66 min ago	2.35 bp	9.6 bp −$10	19.2 bp −$192	doesn't fit	doesn't fit
Sell KuCoin live order book, 53 min ago	27.78 bp	65.4 bp −$65	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
Bybit NBISUSDT	0.0000%	8h	235.39	−0.047%	$5.1M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.36	−0.059%	$3.4M	$16.7M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.42	−0.034%	$2.8M	$4.9M	50x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.35	−0.064%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.33	−0.072%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.61	+0.047%	$15K	$66K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	235.40	−0.042%	$1.6M	$972K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.43	−0.030%	$1.5M	$4.9M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	235.85	+0.149%	—	$223K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0050%	1h	235.32	−0.076%	$55.1M	$23.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps NBIS-USD	+0.0050%	1h	235.46	−0.017%	$142K	$462K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	235.36	−0.059%	$94	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.44	−0.025%	$174K	$502K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0095%	1h	235.31	−0.082%	$24K	$15K	20x	as long as short
KuCoin NBISUSDTMshort	+0.0100%	8h	235.39	−0.047%	$485K	$22K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.50	0.000%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.40	−0.041%	—	—	10x	as long as short
Bitget NBISUSDT	+0.0106%	8h	235.44	−0.025%	$2.5M	$4.6M	20x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0112%	1h	236.05	+0.234%	$386K	$736K	10x	as long as short
Nado NBIS-PERP	+0.0134%	1h	235.47	−0.013%	$31K	$66K	3x	as long as short
Variational Omni NBIS	+0.0263%	8h	235.53	+0.012%	$2.9M	$591K	—	as long as short
Aster NBISUSDT	+0.0263%	8h	235.81	+0.130%	$82K	$308K	50x	as long as short
Binance NBISUSDT	+0.0287%	8h	235.42	−0.034%	$19.5M	$85.3M	25x	as long as short
Lighter NBIS	+0.0288%	1h	235.42	−0.034%	$919K	$4.4M	10x	as long as short
Extended NBIS-USD	+0.0288%	1h	235.41	−0.037%	$151K	$705K	10x	as long as short
BloFin NBIS-USDTlong	+0.0310%	8h	235.50	long leg	$207K	$210K	20x
GRVT NBIS_USDT_Perp	+0.0361%	8h	235.62	+0.051%	$5K	$131K	10x	as long as short
Arcus NBIS-USD	+0.0366%	1h	235.58	+0.034%	$44K	$133K	5x	as long as short
Entropy io:NBIS	+0.0388%	1h	235.61	+0.047%	$10.3M	$3.4M	10x	as long as short
Phoenix NBIS	+0.0409%	1h	235.61	+0.047%	$7K	$149K	10x	as long as short
edgeX NBISUSDC	+0.0981%	4h	235.58	+0.033%	$38K	$227K	10x	as long as short