NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0403%/8h= −44.1% APRnext payment −$0.50 per $10,000 · paid last 24h −0.068%

Price spread now: Kraken Futures against Entropy−0.176%7-day average — · you buy dearer than you sell

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

Long on Entropy 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 −$12 a day on $10k at the current rate, and Kraken Futures is 0.176% cheaper against Entropy than usual: you would sell low and buy high (−$18 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	Entropy io:NBIS	233.90	0.0773	pay 0.0097% / 1h	43m 54s	$10.2M	$3.0M	10x
Short	Kraken Futures PF_NBISUSD	233.49	0.0370	get 0.0046% / 1h	43m 54s	$22K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Entropy. 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 EntropybpFee Kraken FuturesbpOrdersPrice spread, now −0.176%Rate

Funding earned: −$84.64
Price spread: −0.176% → 0.000%: −$17.62
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$130.26
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Entropy: live order book, 6 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 Entropy live order book, 6 min ago	0.43 bp	18.1 bp −$18	doesn't fit	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 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	233.79	−0.047%	$3.3M	$16.6M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.75	−0.064%	$2.8M	$5.0M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.84	−0.026%	$2.3M	$4.6M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	233.59	−0.133%	$1K	$1.4M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	233.57	−0.141%	$35K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.47	+0.244%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.84	−0.026%	$1.6M	$969K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.12	+0.094%	—	$250K	5x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.37	−0.227%	$152K	$532K	10x	as long as short
QFEX NBIS-USD	+0.0058%	1h	233.85	−0.021%	$1.6M	$3.6M	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NBISUSDTM	+0.0100%	8h	233.68	−0.094%	$474K	$185K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.83	−0.030%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.84	−0.024%	—	—	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0104%	1h	234.06	+0.068%	$383K	$883K	10x	as long as short
Variational Omni NBIS	+0.0111%	8h	233.75	−0.066%	$2.9M	$646K	—	as long as short
Bybit NBISUSDT	+0.0111%	8h	233.91	+0.004%	$5.4M	$7.0M	50x	as long as short
Polymarket Perps NBIS-USD	+0.0120%	1h	233.81	−0.038%	$133K	$476K	10x	as long as short
edgeX NBISUSDC	+0.0130%	4h	234.18	+0.120%	$31K	$234K	10x	as long as short
Aster NBISUSDT	+0.0146%	8h	234.31	+0.177%	$75K	$314K	50x	as long as short
Binance NBISUSDT	+0.0181%	8h	233.87	−0.013%	$20.6M	$91.5M	25x	as long as short
Extended NBIS-USD	+0.0184%	1h	233.79	−0.046%	$149K	$842K	10x	as long as short
BloFin NBIS-USDT	+0.0197%	8h	233.87	−0.013%	$207K	$217K	20x	as long as short
Nado NBIS-PERP	+0.0239%	1h	233.76	−0.059%	$38K	$85K	3x	as long as short
Kraken Futures PF_NBISUSDshort	+0.0370%	1h	233.49	−0.176%	$22K	$11K	20x
Lighter NBIS	+0.0376%	1h	233.71	−0.081%	$944K	$3.8M	10x	as long as short
Phoenix NBIS	+0.0377%	1h	233.68	−0.094%	$7K	$127K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0397%	1h	233.79	−0.047%	$55.3M	$19.2M	10x	as long as short
Arcus NBIS-USD	+0.0413%	1h	233.79	−0.047%	$42K	$119K	5x	as long as short
SoDEX NBIS-USD	+0.0495%	1h	233.85	−0.021%	$84	$19K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0560%	8h	234.24	+0.146%	$4K	$101K	10x	as long as short
Entropy io:NBISlong	+0.0773%	1h	233.90	long leg	$10.2M	$3.0M	10x