NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0447%/8h= −48.9% APRnext payment −$0.56 per $10,000 · paid last 24h +0.031%

Price spread now: Kraken Futures against Deribit−0.087%7-day average — · you buy dearer than you sell

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

Long on Deribit 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

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Kraken Futures is 0.087% cheaper against Deribit than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NBIS_USDC-PERPETUAL	233.56	0.1208	pay 0.0151% / 1h	0m 06s	$35K	$49K	10x
Short	Kraken Futures PF_NBISUSD	233.36	0.0761	get 0.0095% / 1h	0m 06s	$22K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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 DeribitbpFee Kraken FuturesbpOrdersPrice spread, now −0.087%Rate

Funding earned: −$93.79
Price spread: −0.087% → 0.000%: −$8.75
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$119.53
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Deribit and 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 exchanges

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
OKX NBIS-USDT-SWAP	0.0000%	8h	233.34	−0.094%	$3.3M	$16.5M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.41	−0.064%	$2.7M	$5.1M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.41	−0.064%	$2.3M	$4.5M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	232.68	−0.377%	$1K	$1.5M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	232.33	−0.527%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.44	−0.051%	$1.6M	$969K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.47	−0.039%	—	$250K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	233.30	−0.111%	$139K	$473K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	232.95	−0.261%	$153K	$537K	10x	as long as short
Variational Omni NBIS	+0.0053%	8h	232.76	−0.342%	$2.9M	$638K	—	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX NBIS-USD	+0.0054%	1h	233.10	−0.197%	$1.6M	$3.6M	10x	as long as short
Bybit NBISUSDT	+0.0064%	8h	233.37	−0.081%	$5.0M	$6.7M	50x	as long as short
Aster NBISUSDT	+0.0073%	8h	233.11	−0.195%	$75K	$312K	50x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0088%	1h	232.69	−0.372%	$381K	$877K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	233.16	−0.171%	$474K	$167K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.47	−0.039%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.40	−0.068%	—	—	10x	as long as short
Extended NBIS-USD	+0.0112%	1h	233.42	−0.059%	$146K	$844K	10x	as long as short
Binance NBISUSDT	+0.0115%	8h	233.40	−0.069%	$20.3M	$91.3M	25x	as long as short
BloFin NBIS-USDT	+0.0127%	8h	232.47	−0.467%	$157K	$216K	20x	as long as short
Nado NBIS-PERP	+0.0145%	1h	233.06	−0.215%	$38K	$86K	3x	as long as short
SoDEX NBIS-USD	+0.0198%	1h	233.01	−0.235%	$56	$19K	10x	as long as short
Arcus NBIS-USD	+0.0257%	1h	233.11	−0.193%	$42K	$121K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0296%	1h	233.27	−0.124%	$55.0M	$19.3M	10x	as long as short
Phoenix NBIS	+0.0347%	1h	232.54	−0.437%	$7K	$127K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0361%	8h	232.54	−0.437%	$4K	$103K	10x	as long as short
Lighter NBIS	+0.0384%	1h	233.39	−0.073%	$944K	$4.1M	10x	as long as short
Entropy io:NBIS	+0.0674%	1h	232.51	−0.450%	$10.1M	$3.1M	10x	as long as short
edgeX NBISUSDC	+0.0732%	4h	232.38	−0.505%	$37K	$227K	10x	as long as short
Kraken Futures PF_NBISUSDshort	+0.0761%	1h	233.36	−0.087%	$22K	$11K	20x
Deribit NBIS_USDC-PERPETUALlong	+0.1208%	1h	233.56	long leg	$35K	$49K	10x