Funding you earn now, next payment 00:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.03 per $10,000 · paid last 24h −0.079%
Price spread now: QFEX against Coinbase International+0.365%7-day average −0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$12as in the Price arb table
costs, in and out, $10k−$350.352% of the position
Funding, last 3 days (all we have)−0.198%−$20 on $10k
+Price spread, last 3 days (all we have)−0.497%−$50 · spread now +0.365%, 7d avg −0.104%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.469% dearer against Coinbase International than usual: you sell high and buy low: +$47 more if the spread goes back to its 7-day average of −0.104%. Mind the row above: over the last 3 days funding on this pair cost −0.198%, so the current rate has only just turned in your favour.
| 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 | 47m 07s | $361K | $683K | 10x |
| Short | QFEX NBIS-USD | 236.35 | 0.0038 | get 0.0005% / 1h | 47m 07s | $1.5M | $5.1M | 10x |
Coinbase International NBIS-PERP-INTX
QFEX NBIS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $4.67
- Price spread: +0.365% → −0.104%
- $46.92
- Slippage, 4 orders
- −$15.2
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- $16.39
- Costs to cover
- 0.352%
- Break-even
- from the start
Slippage from Coinbase International: live order book, 26 min ago; QFEX: 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 Coinbase International live order book, 26 min ago | 3.20 bp | 9.4 bp −$9 | 20.7 bp −$207 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 1.91 bp | 8.5 bp −$9 | 13.2 bp −$132 | 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 | 236.27 | +0.331% | $24K | $15K | 20x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 236.45 | +0.408% | $3.4M | $17.1M | 25x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 236.43 | +0.399% | $2.5M | $4.7M | 20x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 236.42 | +0.395% | $1K | $1.7M | 10x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 236.42 | +0.395% | $1.6M | $973K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTXlong | +0.0016% | 1h | 235.49 | long leg | $361K | $683K | 10x | |
| HTX NBIS-USDT | +0.0033% | 8h | 236.39 | +0.382% | $15K | $112K | 20x | as long as short |
| QFEX NBIS-USDshort | +0.0038% | 1h | 236.35 | +0.365% | $1.5M | $5.1M | 10x | |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 236.58 | +0.463% | — | $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 |
Kraken Futures PF_NBISUSD
OKX NBIS-USDT-SWAP
Bitget NBISUSDT
SunX NBIS-USDT
Phemex NBISUSDT
HTX NBIS-USDT
Vest NBIS-USD-PERP
Ondo Perps NBIS-USD.PShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NBISUSDTM | +0.0100% | 8h | 236.13 | +0.272% | $487K | $24K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 236.40 | +0.386% | $2K | $3K | 10x | as long as short |
| Gate NBIS_USDT | +0.0103% | 8h | 236.32 | +0.352% | $2.8M | $5.1M | 50x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 235.98 | +0.210% | — | — | 10x | as long as short |
| Variational Omni NBIS | +0.0198% | 8h | 236.05 | +0.239% | $2.9M | $817K | — | as long as short |
| Nado NBIS-PERP | +0.0205% | 1h | 236.20 | +0.301% | $29K | $63K | 3x | as long as short |
| Aster NBISUSDT | +0.0226% | 8h | 236.09 | +0.253% | $82K | $308K | 50x | as long as short |
| Extended NBIS-USD | +0.0240% | 1h | 236.37 | +0.375% | $143K | $805K | 10x | as long as short |
| Binance NBISUSDT | +0.0243% | 8h | 236.47 | +0.417% | $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 | +0.0298% | 8h | 236.41 | +0.391% | $5.2M | $6.5M | 50x | as long as short |
| Arcus NBIS-USD | +0.0366% | 1h | 235.98 | +0.208% | $44K | $132K | 5x | as long as short |
| Lighter NBIS | +0.0384% | 1h | 236.51 | +0.433% | $930K | $4.4M | 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 | +0.0667% | 1h | 236.39 | +0.382% | $24 | $20K | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0724% | 1h | 236.40 | +0.386% | $35K | $48K | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0842% | 1h | 236.41 | +0.391% | $140K | $429K | 10x | as long as short |
| Entropy io:NBIS | +0.0903% | 1h | 235.99 | +0.212% | $10.3M | $3.4M | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0955% | 1h | 236.36 | +0.369% | $55.3M | $23.6M | 10x | as long as short |
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Gate NBIS_USDT
Aevo NBIS-PERP
Variational Omni NBIS
Nado NBIS-PERP
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
BloFin NBIS-USDT
Bybit NBISUSDT
Arcus NBIS-USD
Lighter NBIS
edgeX NBISUSDC
Phoenix NBIS
GRVT NBIS_USDT_Perp
SoDEX NBIS-USD
Deribit NBIS_USDC-PERPETUAL
Polymarket Perps NBIS-USD
Entropy io:NBIS
tradeXYZ xyz:NBIS