Funding you earn now, next payment 03:00 UTC−0.0152%/8h= −16.6% APRnext payment −$0.19 per $10,000 · paid last 24h −0.068%
Price spread now: Deribit against Kraken Futures−0.059%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 −$5 a day on $10k at the current rate, and Deribit is 0.059% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 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 | 234.24 | 0.0152 | pay 0.0019% / 1h | 51m 04s | $23K | $15K | 20x |
| Short | Deribit NBIS_USDC-PERPETUAL | 234.10 | 0 | get 0.0000% / 1h | 51m 04s | $35K | $48K | 10x |
Kraken Futures PF_NBISUSD
Deribit NBIS_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$31.89
- Price spread: −0.059% → 0.000%
- −$5.86
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$54.75
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Deribit: 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Kraken Futures and Deribit: 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 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit NBISUSDT | 0.0000% | 8h | 234.34 | +0.044% | $5.0M | $6.2M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 234.23 | −0.003% | $3.4M | $16.3M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 234.25 | +0.005% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 234.24 | +0.001% | $2.4M | $4.4M | 20x | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 234.16 | −0.035% | $5K | $127K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 234.08 | −0.067% | $904 | $1.7M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUALshort | 0.0000% | 1h | 234.10 | −0.059% | $35K | $48K | 10x | |
| HTX NBIS-USDT | 0.0000% | 8h | 234.19 | −0.020% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 234.20 | −0.016% | $1.6M | $967K | 10x | as long as short |
| Nado NBIS-PERP | +0.0010% | 1h | 234.12 | −0.051% | $67K | $95K | 3x | as long as short |
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
Bitget NBISUSDT
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDT
Nado NBIS-PERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX NBIS-USD | +0.0023% | 1h | 234.16 | −0.033% | $1.5M | $4.4M | 10x | as long as short |
| Arcus NBIS-USD | +0.0040% | 1h | 234.01 | −0.097% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 234.35 | +0.048% | — | $215K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 234.09 | −0.063% | $149K | $453K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 234.16 | −0.033% | $5 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 234.24 | +0.001% | $163K | $499K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0069% | 1h | 234.19 | −0.020% | $54.6M | $19.7M | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 234.13 | −0.046% | $482K | $21K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 234.19 | −0.020% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 234.17 | −0.028% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0104% | 1h | 233.53 | −0.302% | $382K | $712K | 10x | as long as short |
| Variational Omni NBIS | +0.0121% | 8h | 234.14 | −0.042% | $2.8M | $569K | — | as long as short |
| Aster NBISUSDT | +0.0145% | 8h | 234.27 | +0.015% | $81K | $307K | 50x | as long as short |
| Kraken Futures PF_NBISUSDlong | +0.0152% | 1h | 234.24 | long leg | $23K | $15K | 20x | |
| Extended NBIS-USD | +0.0152% | 1h | 234.25 | +0.006% | $147K | $698K | 10x | as long as short |
| Binance NBISUSDT | +0.0155% | 8h | 234.30 | +0.027% | $19.1M | $84.7M | 25x | as long as short |
| Lighter NBIS | +0.0280% | 1h | 234.25 | +0.005% | $904K | $4.3M | 10x | as long as short |
| Phoenix NBIS | +0.0308% | 1h | 234.17 | −0.029% | $7K | $150K | 10x | as long as short |
| Entropy io:NBIS | +0.0455% | 1h | 234.13 | −0.046% | $10.2M | $3.3M | 10x | as long as short |
| edgeX NBISUSDC | +0.0894% | 4h | 234.14 | −0.043% | $38K | $226K | 10x | as long as short |
QFEX NBIS-USD
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
tradeXYZ xyz:NBIS
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
Variational Omni NBIS
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Lighter NBIS
Phoenix NBIS
Entropy io:NBIS
edgeX NBISUSDC