Funding arb · Price arb /

NBIS

RWAall NBIS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0681%/8h= +74.5% APRpaid last 24h +0.064%

Price spread now: Kraken Futures against OKX−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 OKX Short on Kraken Futures

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. Kraken Futures is 0.037% cheaper against OKX 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 4 hours of funding at the current rate (+$20 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NBIS-USDT-SWAP	229.35	0	get 0.0000% / 8h	7h 20m	$3.2M	$16.2M	25x
Short	Kraken Futures PF_NBISUSD	229.27	0.0681	get 0.0085% / 1h	20m 06s	$22K	$16K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now −0.037%Rate

Funding earned: $142.92
Price spread: −0.037% → 0.000%: −$3.68
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $119.24
Costs to cover: 0.200%
Break-even: 1.2 days

Slippage unknown: OKX: live order book, 3 min ago; Kraken Futures: 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 OKX live order book, 3 min ago	0.44 bp	13.8 bp −$14	34.7 bp −$347	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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	−0.0198%	8h	229.42	+0.031%	$2.3M	$4.6M	20x	as long as short
Deribit NBIS_USDC-PERPETUAL	−0.0055%	1h	229.36	+0.004%	$34K	$49K	10x	as long as short
Coinbase International NBIS-PERP-INTX	−0.0008%	1h	226.87	−1.081%	$352K	$801K	10x	as long as short
Aster NBISUSDT	0.0000%	8h	229.14	−0.091%	$73K	$320K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	229.31	−0.015%	$143K	$859K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	229.41	+0.026%	$18.4M	$89.7M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	229.52	+0.074%	$4.8M	$6.8M	50x	as long as short
OKX NBIS-USDT-SWAPlong	0.0000%	8h	229.35	long leg	$3.2M	$16.2M	25x
Gate NBIS_USDT	0.0000%	8h	229.38	+0.013%	$2.7M	$5.2M	50x	as long as short
Variational Omni NBIS	0.0000%	8h	229.38	+0.014%	$2.8M	$597K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT NBIS_USDT_Perp	0.0000%	8h	228.55	−0.348%	$4K	$113K	10x	as long as short
SunX NBIS-USDT	0.0000%	8h	229.36	+0.004%	$1K	$1.6M	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	228.88	−0.205%	$13K	$62K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	229.33	−0.009%	$1.5M	$971K	10x	as long as short
BloFin NBIS-USDT	+0.0015%	8h	229.14	−0.092%	$202K	$213K	20x	as long as short
edgeX NBISUSDC	+0.0030%	4h	228.53	−0.357%	$37K	$227K	10x	as long as short
Arcus NBIS-USD	+0.0040%	1h	229.44	+0.039%	$42K	$124K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	229.27	−0.035%	—	$246K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	229.20	−0.065%	$136K	$466K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	229.31	−0.017%	$147K	$534K	10x	as long as short
QFEX NBIS-USD	+0.0064%	1h	229.41	+0.026%	$1.5M	$3.7M	10x	as long as short
Nado NBIS-PERP	+0.0072%	1h	229.40	+0.022%	$38K	$116K	3x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	229.23	−0.052%	$471K	$76K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	229.32	−0.013%	$2K	$3K	10x	as long as short
Lighter NBIS	+0.0104%	1h	229.47	+0.052%	$901K	$4.1M	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	229.29	−0.026%	—	—	10x	as long as short
tradeXYZ xyz:NBIS	+0.0107%	1h	229.39	+0.017%	$53.5M	$21.6M	10x	as long as short
SoDEX NBIS-USD	+0.0233%	1h	229.20	−0.065%	$69	$20K	10x	as long as short
Phoenix NBIS	+0.0277%	1h	227.46	−0.824%	$7K	$125K	10x	as long as short
Entropy io:NBIS	+0.0312%	1h	228.77	−0.253%	$10.0M	$3.1M	10x	as long as short
Kraken Futures PF_NBISUSDshort	+0.0681%	1h	229.27	−0.037%	$22K	$16K	20x