NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Phemex against KuCoin+0.055%50s7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$260as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2412.408% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.190%−$19 on $10k

Price spread, last 3 days (all we have)−0.034%−$3 · spread now +0.055%, 7d avg +0.071%

Together, before fees−0.224%−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.071%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NBISUSDTM	235.45	0.0100	pay 0.0100% / 8h	7h 00m	$485K	$22K	20x
Short	Phemex NBISUSDT	235.58	0	get 0.0000% / 8h	7h 00m	$1.6M	$973K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against KuCoin. 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 KuCoinbpFee PhemexbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$21
Price spread: +0.055% → +0.071%: −$1.62
Slippage, 4 orders: −$216.84
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$263.46
Costs to cover: 2.408%
Break-even: never at this rate

Slippage from KuCoin: live order book, 52 min ago; Phemex: live order book, 3 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, 52 min ago	27.78 bp	67.7 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	4.24 bp	43.3 bp −$43	doesn't fit	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
Kraken Futures PF_NBISUSD	−0.0179%	1h	235.43	−0.010%	$24K	$15K	20x	as long as short
Bybit NBISUSDT	0.0000%	8h	235.57	+0.051%	$5.1M	$6.4M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	235.75	+0.127%	$3.4M	$16.8M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	235.57	+0.051%	$2.8M	$5.2M	50x	as long as short
SunX NBIS-USDT	0.0000%	8h	235.61	+0.068%	$1K	$1.7M	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	235.45	0.000%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	235.71	+0.110%	$15K	$66K	20x	as long as short
Phemex NBISUSDTshort	0.0000%	8h	235.58	+0.055%	$1.6M	$973K	10x
Coinbase International NBIS-PERP-INTX	+0.0016%	1h	236.05	+0.255%	$386K	$736K	10x	as long as short
QFEX NBIS-USD	+0.0038%	1h	235.51	+0.025%	$1.5M	$4.9M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NBIS-USD-PERP	+0.0046%	1h	235.91	+0.195%	—	$223K	5x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	235.80	+0.149%	$174K	$503K	10x	as long as short
SoDEX NBIS-USD	+0.0064%	1h	235.57	+0.051%	$94	$20K	10x	as long as short
KuCoin NBISUSDTMlong	+0.0100%	8h	235.45	long leg	$485K	$22K	20x
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	235.57	+0.051%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	235.56	+0.048%	—	—	10x	as long as short
Bitget NBISUSDT	+0.0108%	8h	235.59	+0.059%	$2.5M	$4.6M	20x	as long as short
Polymarket Perps NBIS-USD	+0.0126%	1h	235.52	+0.030%	$142K	$462K	10x	as long as short
Nado NBIS-PERP	+0.0136%	1h	235.53	+0.033%	$31K	$66K	3x	as long as short
BloFin NBIS-USDT	+0.0261%	8h	235.62	+0.072%	$207K	$211K	20x	as long as short
Variational Omni NBIS	+0.0263%	8h	235.53	+0.033%	$2.9M	$591K	—	as long as short
Aster NBISUSDT	+0.0263%	8h	235.75	+0.127%	$81K	$308K	50x	as long as short
tradeXYZ xyz:NBIS	+0.0271%	1h	235.54	+0.038%	$55.1M	$23.6M	10x	as long as short
Binance NBISUSDT	+0.0287%	8h	235.60	+0.064%	$19.6M	$85.3M	25x	as long as short
Lighter NBIS	+0.0288%	1h	235.77	+0.136%	$921K	$4.5M	10x	as long as short
Extended NBIS-USD	+0.0288%	1h	235.56	+0.046%	$151K	$705K	10x	as long as short
Arcus NBIS-USD	+0.0366%	1h	235.60	+0.064%	$44K	$133K	5x	as long as short
GRVT NBIS_USDT_Perp	+0.0375%	8h	235.73	+0.118%	$5K	$131K	10x	as long as short
Phoenix NBIS	+0.0409%	1h	235.61	+0.068%	$7K	$163K	10x	as long as short
Entropy io:NBIS	+0.0865%	1h	235.59	+0.059%	$10.3M	$3.4M	10x	as long as short
edgeX NBISUSDC	+0.0981%	4h	235.58	+0.055%	$38K	$227K	10x	as long as short