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: KuCoin against Phemex−0.025%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$222as in the Funding arb table
Net, price: spread back to 7d avg − costs−$236as in the Price arb table
costs, in and out, $10k−$2412.408% of the position
Funding, last 7 days+0.190%+$19 on $10k
+Price spread, last 3 days (all we have)+0.005%$0 · spread now −0.025%, 7d avg −0.071%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.046% dearer against Phemex than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.071%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NBISUSDT | 235.53 | 0 | get 0.0000% / 8h | 7h 00m | $1.6M | $973K | 10x |
| Short | KuCoin NBISUSDTM | 235.47 | 0.0100 | get 0.0100% / 8h | 7h 00m | $486K | $22K | 20x |
Phemex NBISUSDT
KuCoin NBISUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Phemex. 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: −0.025% → −0.071%
- $4.59
- Slippage, 4 orders
- −$216.84
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$215.25
- Costs to cover
- 2.408%
- Break-even
- 78.7 days
Slippage from Phemex: live order book, 3 min ago; KuCoin: live order book, 52 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 Phemex live order book, 3 min ago | 4.24 bp | 64.5 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 52 min ago | 27.78 bp | 65.4 bp −$65 | 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 | 235.41 | −0.050% | $24K | $15K | 20x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 235.50 | −0.013% | $5.1M | $6.4M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 235.57 | +0.017% | $3.4M | $16.7M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 235.57 | +0.017% | $2.8M | $5.2M | 50x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 235.61 | +0.034% | $1K | $1.7M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 235.48 | −0.021% | $35K | $48K | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 235.71 | +0.076% | $15K | $66K | 20x | as long as short |
| Phemex NBISUSDTlong | 0.0000% | 8h | 235.53 | long leg | $1.6M | $973K | 10x | |
| Coinbase International NBIS-PERP-INTX | +0.0016% | 1h | 236.05 | +0.221% | $386K | $736K | 10x | as long as short |
| QFEX NBIS-USD | +0.0038% | 1h | 235.51 | −0.008% | $1.5M | $4.9M | 10x | as long as short |
Kraken Futures PF_NBISUSD
Bybit NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
HTX NBIS-USDT
Coinbase International NBIS-PERP-INTX
QFEX NBIS-USDShow 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 | +0.161% | — | $223K | 5x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 235.80 | +0.115% | $174K | $503K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0059% | 1h | 235.52 | −0.004% | $89 | $20K | 10x | as long as short |
| KuCoin NBISUSDTMshort | +0.0100% | 8h | 235.47 | −0.025% | $486K | $22K | 20x | |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 235.57 | +0.017% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 235.56 | +0.014% | — | — | 10x | as long as short |
| Bitget NBISUSDT | +0.0108% | 8h | 235.55 | +0.008% | $2.5M | $4.6M | 20x | as long as short |
| Polymarket Perps NBIS-USD | +0.0126% | 1h | 235.52 | −0.004% | $142K | $462K | 10x | as long as short |
| Nado NBIS-PERP | +0.0136% | 1h | 235.53 | −0.001% | $31K | $66K | 3x | as long as short |
| BloFin NBIS-USDT | +0.0261% | 8h | 235.62 | +0.038% | $207K | $211K | 20x | as long as short |
| Variational Omni NBIS | +0.0263% | 8h | 235.53 | −0.001% | $2.9M | $591K | — | as long as short |
| Aster NBISUSDT | +0.0263% | 8h | 235.74 | +0.088% | $81K | $308K | 50x | as long as short |
| tradeXYZ xyz:NBIS | +0.0271% | 1h | 235.54 | +0.004% | $55.1M | $23.6M | 10x | as long as short |
| Binance NBISUSDT | +0.0287% | 8h | 235.54 | +0.005% | $19.6M | $85.3M | 25x | as long as short |
| Lighter NBIS | +0.0288% | 1h | 235.63 | +0.042% | $920K | $4.5M | 10x | as long as short |
| Extended NBIS-USD | +0.0288% | 1h | 235.53 | 0.000% | $151K | $705K | 10x | as long as short |
| Arcus NBIS-USD | +0.0366% | 1h | 235.60 | +0.030% | $44K | $133K | 5x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0375% | 8h | 235.73 | +0.084% | $5K | $131K | 10x | as long as short |
| Phoenix NBIS | +0.0409% | 1h | 235.61 | +0.034% | $7K | $163K | 10x | as long as short |
| Entropy io:NBIS | +0.0865% | 1h | 235.59 | +0.025% | $10.3M | $3.4M | 10x | as long as short |
| edgeX NBISUSDC | +0.0981% | 4h | 235.58 | +0.021% | $38K | $227K | 10x | as long as short |
Vest NBIS-USD-PERP
Ondo Perps NBIS-USD.P
SoDEX NBIS-USD
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Bitget NBISUSDT
Polymarket Perps NBIS-USD
Nado NBIS-PERP
BloFin NBIS-USDT
Variational Omni NBIS
Aster NBISUSDT
tradeXYZ xyz:NBIS
Binance NBISUSDT
Lighter NBIS
Extended NBIS-USD
Arcus NBIS-USD
GRVT NBIS_USDT_Perp
Phoenix NBIS
Entropy io:NBIS
edgeX NBISUSDC