Funding you earn now, next payment 08:00 UTC−0.0500%/8h= −54.8% APRnext payment −$0.63 per $10,000 · paid last 24h −0.034%
Price spread now: Arcus against Kraken Futures−0.020%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 −$15 a day on $10k at the current rate, and Arcus is 0.020% cheaper against Kraken Futures than usual: you would sell low and buy high (−$2 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 | Kraken Futures PF_NBISUSD | 230.93 | 0.0541 | pay 0.0068% / 1h | 6m 39s | $23K | $15K | 20x |
| Short | Arcus NBIS-USD | 230.88 | 0.0040 | get 0.0005% / 1h | 6m 39s | $42K | $131K | 5x |
Kraken Futures PF_NBISUSD
Arcus NBIS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Kraken Futures. 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
- −$105.09
- Price spread: −0.020% → 0.000%
- −$2.02
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$121.62
- Costs to cover
- 0.145%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Arcus: live order book, 31 min ago. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 31 min ago | 5.19 bp | 9.6 bp −$10 | 15.8 bp −$158 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget NBISUSDT | −0.0369% | 8h | 231.04 | +0.049% | $2.3M | $4.6M | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 231.06 | +0.058% | $84K | $311K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 230.87 | −0.024% | $144K | $876K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 230.97 | +0.019% | $18.8M | $87.9M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 231.05 | +0.053% | $4.9M | $6.8M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 231.07 | +0.062% | $3.3M | $16.0M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 230.91 | −0.007% | $2.7M | $5.2M | 50x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 230.87 | −0.024% | $2.8M | $589K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 230.93 | +0.004% | $4K | $115K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 230.84 | −0.038% | $1K | $1.6M | 10x | as long as short |
Bitget NBISUSDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Variational Omni NBIS
GRVT NBIS_USDT_Perp
SunX NBIS-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 230.82 | −0.046% | $34K | $49K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 231.01 | +0.036% | $15K | $57K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 230.97 | +0.019% | $1.6M | $971K | 10x | as long as short |
| BloFin NBIS-USDT | +0.0011% | 8h | 231.03 | +0.045% | $204K | $212K | 20x | as long as short |
| Arcus NBIS-USDshort | +0.0040% | 1h | 230.88 | −0.020% | $42K | $131K | 5x | |
| QFEX NBIS-USD | +0.0041% | 1h | 230.96 | +0.014% | $1.5M | $3.7M | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 230.83 | −0.042% | — | $223K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 230.84 | −0.038% | $137K | $473K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 230.95 | +0.010% | $79 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 230.97 | +0.019% | $150K | $542K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0056% | 1h | 230.90 | −0.012% | $357K | $811K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 230.82 | −0.046% | $476K | $26K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 230.96 | +0.014% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 230.93 | +0.004% | — | — | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0119% | 1h | 230.94 | +0.006% | $54.1M | $21.2M | 10x | as long as short |
| Nado NBIS-PERP | +0.0183% | 1h | 230.82 | −0.045% | $38K | $116K | 3x | as long as short |
| Lighter NBIS | +0.0264% | 1h | 231.01 | +0.036% | $939K | $4.1M | 10x | as long as short |
| Phoenix NBIS | +0.0312% | 1h | 231.04 | +0.049% | $7K | $125K | 10x | as long as short |
| edgeX NBISUSDC | +0.0347% | 4h | 230.92 | −0.005% | $37K | $226K | 10x | as long as short |
| Entropy io:NBIS | +0.0410% | 1h | 230.93 | +0.001% | $10.1M | $3.1M | 10x | as long as short |
| Kraken Futures PF_NBISUSDlong | +0.0541% | 1h | 230.93 | long leg | $23K | $15K | 20x |
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Phemex NBISUSDT
BloFin NBIS-USDT
QFEX NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Coinbase International NBIS-PERP-INTX
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
tradeXYZ xyz:NBIS
Nado NBIS-PERP
Lighter NBIS
Phoenix NBIS
edgeX NBISUSDC
Entropy io:NBIS