Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.028%
Price spread now: OKX against KuCoin+0.013%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$222as in the Funding arb table
Net, price: spread back to 7d avg − costs−$216as in the Price arb table
costs, in and out, $10k−$2112.112% of the position
Funding, last 7 days−0.104%−$10 on $10k
+Price spread, last 4 days (all we have)+0.168%+$17 · spread now +0.013%, 7d avg +0.059%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.046% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.059%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin NBISUSDTM | 234.14 | 0.0100 | pay 0.0100% / 8h | 6h 14m | $482K | $21K | 20x |
| Short | OKX NBIS-USDT-SWAP | 234.17 | 0 | get 0.0000% / 8h | 6h 14m | $3.4M | $16.4M | 25x |
KuCoin NBISUSDTM
OKX NBIS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against KuCoin. 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
- −$21
- Price spread: +0.013% → +0.059%
- −$4.57
- Slippage, 4 orders
- −$189.15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$236.72
- Costs to cover
- 2.112%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 23 min ago; OKX: live order book, 4 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 KuCoin live order book, 23 min ago | 31.51 bp | 86.3 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.13 bp | 8.2 bp −$8 | 25.4 bp −$254 | doesn't fit | doesn't fit |
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 | 234.21 | +0.030% | $5.1M | $6.3M | 50x | as long as short |
| OKX NBIS-USDT-SWAPshort | 0.0000% | 8h | 234.17 | +0.013% | $3.4M | $16.4M | 25x | |
| Gate NBIS_USDT | 0.0000% | 8h | 234.24 | +0.043% | $2.8M | $5.0M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 234.24 | +0.043% | $2.4M | $4.5M | 20x | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 234.07 | −0.028% | $5K | $128K | 10x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 234.28 | +0.060% | $944 | $1.7M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 234.12 | −0.009% | $35K | $48K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 234.32 | +0.077% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 234.23 | +0.038% | $1.6M | $972K | 10x | as long as short |
| QFEX NBIS-USD | +0.0024% | 1h | 234.28 | +0.060% | $1.5M | $4.5M | 10x | as long as short |
Bybit NBISUSDT
Gate NBIS_USDT
Bitget NBISUSDT
GRVT NBIS_USDT_Perp
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Phemex NBISUSDT
QFEX NBIS-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NBIS-USD | +0.0040% | 1h | 234.09 | −0.021% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 234.37 | +0.098% | — | $215K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 234.17 | +0.013% | $149K | $453K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 234.19 | +0.021% | $56 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 233.96 | −0.077% | $164K | $498K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.0065% | 1h | 234.05 | −0.038% | $54.7M | $20.0M | 10x | as long as short |
| Nado NBIS-PERP | +0.0066% | 1h | 234.11 | −0.012% | $67K | $95K | 3x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0096% | 1h | 234.04 | −0.044% | $24K | $15K | 20x | as long as short |
| KuCoin NBISUSDTMlong | +0.0100% | 8h | 234.14 | long leg | $482K | $21K | 20x | |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 234.19 | +0.021% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 234.20 | +0.027% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0112% | 1h | 233.89 | −0.107% | $383K | $714K | 10x | as long as short |
| Variational Omni NBIS | +0.0174% | 8h | 234.17 | +0.014% | $2.8M | $571K | — | as long as short |
| Aster NBISUSDT | +0.0189% | 8h | 234.36 | +0.093% | $81K | $314K | 50x | as long as short |
| Extended NBIS-USD | +0.0200% | 1h | 234.11 | −0.015% | $147K | $699K | 10x | as long as short |
| Binance NBISUSDT | +0.0203% | 8h | 234.18 | +0.017% | $19.2M | $84.8M | 25x | as long as short |
| Lighter NBIS | +0.0232% | 1h | 234.23 | +0.038% | $904K | $4.4M | 10x | as long as short |
| Phoenix NBIS | +0.0306% | 1h | 234.27 | +0.056% | $7K | $152K | 10x | as long as short |
| Entropy io:NBIS | +0.0405% | 1h | 234.18 | +0.017% | $10.2M | $3.3M | 10x | as long as short |
| edgeX NBISUSDC | +0.0978% | 4h | 234.03 | −0.048% | $38K | $227K | 10x | as long as short |
Arcus NBIS-USD
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
tradeXYZ xyz:NBIS
Nado NBIS-PERP
Kraken Futures PF_NBISUSD
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