NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0194%/8h= −21.2% APRnext payment −$0.24 per $10,000 · paid last 24h +0.031%

Price spread now: Kraken Futures against Coinbase International+0.297%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.297% dearer against Coinbase International than usual: you sell high and buy low (spread +0.297% now, against zero (this spread has no 7-day history yet)): +$30 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NBIS-PERP-INTX	235.49	0.0016	pay 0.0002% / 1h	46m 11s	$361K	$683K	10x
Short	Kraken Futures PF_NBISUSD	236.19	−0.0178	pay 0.0022% / 1h	46m 11s	$24K	$15K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Coinbase International. 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 Coinbase InternationalbpFee Kraken FuturesbpOrdersPrice spread, now +0.297%Rate

Funding earned: −$40.73
Price spread: +0.297% → 0.000%: $29.66
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$31.07
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 27 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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 Coinbase International live order book, 27 min ago	3.20 bp	9.4 bp −$9	20.7 bp −$207	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_NBISUSDshort	−0.0178%	1h	236.19	+0.297%	$24K	$15K	20x
OKX NBIS-USDT-SWAP	0.0000%	8h	236.24	+0.318%	$3.4M	$16.9M	25x	as long as short
Bitget NBISUSDT	0.0000%	8h	236.26	+0.327%	$2.5M	$4.7M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	236.35	+0.365%	$1K	$1.7M	10x	as long as short
Phemex NBISUSDT	0.0000%	8h	236.30	+0.344%	$1.6M	$973K	10x	as long as short
Coinbase International NBIS-PERP-INTXlong	+0.0016%	1h	235.49	long leg	$361K	$683K	10x
QFEX NBIS-USD	+0.0038%	1h	236.25	+0.323%	$1.5M	$5.1M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	236.59	+0.467%	—	$234K	5x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	236.21	+0.306%	$175K	$507K	10x	as long as short
HTX NBIS-USDT	+0.0054%	8h	236.39	+0.382%	$15K	$112K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NBISUSDTM	+0.0100%	8h	236.09	+0.255%	$487K	$24K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	236.31	+0.348%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	236.11	+0.264%	—	—	10x	as long as short
Gate NBIS_USDT	+0.0108%	8h	236.23	+0.314%	$2.8M	$5.1M	50x	as long as short
Nado NBIS-PERP	+0.0212%	1h	236.20	+0.302%	$29K	$63K	3x	as long as short
Variational Omni NBIS	+0.0213%	8h	236.31	+0.350%	$2.9M	$817K	—	as long as short
Aster NBISUSDT	+0.0231%	8h	236.06	+0.243%	$82K	$308K	50x	as long as short
Extended NBIS-USD	+0.0248%	1h	236.24	+0.319%	$139K	$826K	10x	as long as short
Binance NBISUSDT	+0.0248%	8h	236.31	+0.348%	$19.6M	$86.0M	25x	as long as short
BloFin NBIS-USDT	+0.0272%	8h	236.48	+0.420%	$206K	$214K	20x	as long as short
Bybit NBISUSDT	+0.0275%	8h	236.34	+0.361%	$5.2M	$6.5M	50x	as long as short
Lighter NBIS	+0.0360%	1h	236.38	+0.378%	$929K	$4.4M	10x	as long as short
Arcus NBIS-USD	+0.0366%	1h	236.08	+0.251%	$44K	$132K	5x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0385%	1h	236.26	+0.327%	$35K	$48K	10x	as long as short
edgeX NBISUSDC	+0.0391%	4h	236.21	+0.307%	$38K	$229K	10x	as long as short
Phoenix NBIS	+0.0409%	1h	236.34	+0.361%	$7K	$163K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0498%	8h	236.24	+0.318%	$5K	$137K	10x	as long as short
SoDEX NBIS-USD	+0.0617%	1h	236.27	+0.331%	$38	$20K	10x	as long as short
Polymarket Perps NBIS-USD	+0.0786%	1h	236.28	+0.335%	$140K	$429K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0915%	1h	236.21	+0.306%	$55.2M	$23.6M	10x	as long as short
Entropy io:NBIS	+0.0931%	1h	236.06	+0.242%	$10.3M	$3.4M	10x	as long as short