NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1118%/8h= +122.5% APRnext payment +$1.40 per $10,000 · paid last 24h +0.016%

Price spread now: Entropy against Kraken Futures−0.037%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Entropy

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

Funding pays, the price is against you. Entropy is 0.037% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$34 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NBISUSD	236.19	−0.0178	get 0.0022% / 1h	45m 45s	$24K	$15K	20x
Short	Entropy io:NBIS	236.10	0.0940	get 0.0118% / 1h	45m 45s	$10.3M	$3.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy 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 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 Kraken FuturesbpFee EntropybpOrdersPrice spread, now −0.037%Rate

Funding earned: $234.84
Price spread: −0.037% → 0.000%: −$3.74
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Entropy: 9 bp × 2 orders: −$18
Net: $203.1
Costs to cover: 0.280%
Break-even: 0.9 days

Slippage unknown: Kraken Futures: no order-book sample; Entropy: live order book, 9 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 Entropy live order book, 9 min ago	1.06 bp	16.4 bp −$16	doesn't fit	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
Kraken Futures PF_NBISUSDlong	−0.0178%	1h	236.19	long leg	$24K	$15K	20x
OKX NBIS-USDT-SWAP	0.0000%	8h	236.17	−0.008%	$3.4M	$16.9M	25x	as long as short
Bitget NBISUSDT	0.0000%	8h	236.18	−0.004%	$2.5M	$4.7M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	236.35	+0.068%	$1K	$1.7M	10x	as long as short
Phemex NBISUSDT	0.0000%	8h	236.30	+0.047%	$1.6M	$973K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0016%	1h	235.49	−0.296%	$361K	$683K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	236.25	+0.026%	$1.5M	$5.1M	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	236.59	+0.170%	—	$234K	5x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	236.21	+0.009%	$175K	$507K	10x	as long as short
HTX NBIS-USDT	+0.0054%	8h	236.39	+0.085%	$15K	$112K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NBIS_USDT	+0.0091%	8h	236.20	+0.005%	$2.8M	$5.1M	50x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	236.13	−0.025%	$487K	$24K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	236.31	+0.051%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	236.11	−0.032%	—	—	10x	as long as short
Nado NBIS-PERP	+0.0212%	1h	236.20	+0.005%	$29K	$63K	3x	as long as short
Variational Omni NBIS	+0.0213%	8h	236.31	+0.053%	$2.9M	$817K	—	as long as short
Aster NBISUSDT	+0.0231%	8h	236.10	−0.037%	$82K	$308K	50x	as long as short
Bybit NBISUSDT	+0.0233%	8h	236.32	+0.056%	$5.2M	$6.5M	50x	as long as short
Extended NBIS-USD	+0.0248%	1h	236.15	−0.016%	$138K	$844K	10x	as long as short
Binance NBISUSDT	+0.0250%	8h	236.20	+0.005%	$19.6M	$86.0M	25x	as long as short
BloFin NBIS-USDT	+0.0272%	8h	236.48	+0.123%	$206K	$214K	20x	as long as short
Lighter NBIS	+0.0360%	1h	236.36	+0.073%	$929K	$4.4M	10x	as long as short
Arcus NBIS-USD	+0.0366%	1h	236.11	−0.033%	$44K	$132K	5x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0385%	1h	236.26	+0.030%	$35K	$48K	10x	as long as short
edgeX NBISUSDC	+0.0391%	4h	236.21	+0.010%	$38K	$229K	10x	as long as short
Phoenix NBIS	+0.0409%	1h	236.34	+0.064%	$7K	$163K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0498%	8h	236.24	+0.021%	$5K	$137K	10x	as long as short
SoDEX NBIS-USD	+0.0617%	1h	236.27	+0.035%	$38	$20K	10x	as long as short
Polymarket Perps NBIS-USD	+0.0786%	1h	236.28	+0.039%	$140K	$429K	10x	as long as short
tradeXYZ xyz:NBIS	+0.0877%	1h	236.26	+0.030%	$55.3M	$23.6M	10x	as long as short
Entropy io:NBISshort	+0.0940%	1h	236.10	−0.037%	$10.3M	$3.4M	10x