NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0364%/8h= −39.8% APRnext payment −$0.45 per $10,000 · paid last 24h −0.121%

Price spread now: QFEX against Entropy+0.039%7-day average −0.071% · 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−$37as in the Price arb table

costs, in and out, $10k−$480.484% of the position

Long on Entropy Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.178%−$18 on $10k

Price spread, last 7 days−0.138%−$14 · spread now +0.039%, 7d avg −0.071%

Together, before fees−0.316%−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.110% dearer against Entropy than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.071%): +$11 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 4 days (−0.178% in total) that is about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:NBIS	231.07	0.0404	pay 0.0051% / 1h	2m 37s	$10.1M	$3.1M	10x
Short	QFEX NBIS-USD	231.16	0.0041	get 0.0005% / 1h	2m 37s	$1.5M	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$76.36
Price spread: +0.039% → −0.071%: $10.99
Slippage, 4 orders: −$20.4
Fee Entropy: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$113.77
Costs to cover: 0.484%
Break-even: never at this rate

Slippage from Entropy: live order book, 4 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 Entropy live order book, 4 min ago	1.08 bp	16.3 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	2.16 bp	7.2 bp −$7	9.9 bp −$99	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
Bitget NBISUSDT	−0.0359%	8h	231.25	+0.078%	$2.3M	$4.6M	20x	as long as short
BloFin NBIS-USDT	−0.0024%	8h	231.21	+0.061%	$204K	$212K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	231.21	+0.061%	$84K	$311K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	231.19	+0.053%	$145K	$876K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	231.21	+0.061%	$18.8M	$87.9M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	231.25	+0.078%	$4.9M	$6.7M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	231.14	+0.030%	$3.3M	$16.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	231.22	+0.065%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	231.07	+0.002%	$2.8M	$590K	—	as long as short
GRVT NBIS_USDT_Perp	0.0000%	8h	231.02	−0.022%	$4K	$115K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NBIS-USDT	0.0000%	8h	231.25	+0.078%	$1K	$1.6M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	231.10	+0.013%	$34K	$49K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	231.04	−0.013%	$15K	$57K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	231.26	+0.082%	$1.6M	$972K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	230.99	−0.035%	$42K	$131K	5x	as long as short
QFEX NBIS-USDshort	+0.0041%	1h	231.16	+0.039%	$1.5M	$3.7M	10x
Vest NBIS-USD-PERP	+0.0046%	1h	231.07	0.000%	—	$223K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	231.14	+0.030%	$137K	$473K	10x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	231.20	+0.056%	$83	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	230.94	−0.056%	$150K	$542K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0056%	1h	230.90	−0.074%	$357K	$811K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	230.95	−0.052%	$475K	$31K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	231.15	+0.035%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	231.13	+0.027%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0119%	1h	231.15	+0.035%	$54.1M	$21.2M	10x	as long as short
Nado NBIS-PERP	+0.0171%	1h	231.07	−0.002%	$38K	$116K	3x	as long as short
Lighter NBIS	+0.0256%	1h	231.18	+0.048%	$940K	$4.1M	10x	as long as short
Phoenix NBIS	+0.0312%	1h	231.11	+0.017%	$7K	$125K	10x	as long as short
Entropy io:NBISlong	+0.0404%	1h	231.07	long leg	$10.1M	$3.1M	10x
edgeX NBISUSDC	+0.0505%	4h	230.94	−0.058%	$37K	$227K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0540%	1h	231.18	+0.048%	$23K	$15K	20x	as long as short