NBIS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0464%/8h= +50.8% APRnext payment +$0.58 per $10,000 · paid last 24h +0.121%

Price spread now: Entropy against QFEX−0.038%51s7-day average +0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$470.467% of the position

Long on QFEX Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.134%+$13 on $10k

Price spread, last 7 days+0.149%+$15 · spread now −0.038%, 7d avg +0.074%

Together, before fees+0.284%+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. Entropy is 0.112% cheaper against QFEX than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of +0.074%). If the spread goes back, that is −$11 on $10k: about 19 hours of funding at the current rate (+$14 a day). At the pace of the last 3 days (+0.134% in total) that is about 2.8 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.134% in total (about 14.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.58 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NBIS-USD	234.74	0.0051	pay 0.0006% / 1h	35m 48s	$1.5M	$5.1M	10x
Short	Entropy io:NBIS	234.65	0.0515	get 0.0064% / 1h	35m 48s	$10.3M	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against QFEX. 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 QFEXbpFee EntropybpOrdersPrice spread, now −0.038%Rate

Funding earned: $97.43
Price spread: −0.038% → +0.074%: −$11.19
Slippage, 4 orders: −$18.65
Fee QFEX: 5 bp × 2 orders: −$10
Fee Entropy: 9 bp × 2 orders: −$18
Net: $39.59
Costs to cover: 0.467%
Break-even: 4.2 days

Slippage from QFEX: live order book, 3 min ago; Entropy: live order book, 1 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 QFEX live order book, 3 min ago	1.92 bp	7.7 bp −$8	10.3 bp −$103	doesn't fit	doesn't fit
Sell Entropy live order book, 1 min ago	1.49 bp	16.0 bp −$16	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
Bybit NBISUSDT	0.0000%	8h	234.79	+0.021%	$5.2M	$6.5M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	234.84	+0.043%	$3.4M	$17.1M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	234.77	+0.013%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	234.78	+0.017%	$2.5M	$4.8M	20x	as long as short
SunX NBIS-USDT	0.0000%	8h	234.78	+0.017%	$862	$1.8M	10x	as long as short
Coinbase International NBIS-PERP-INTX	0.0000%	1h	233.76	−0.417%	$358K	$676K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	234.66	−0.034%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	234.77	+0.013%	$1.6M	$968K	10x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	234.86	+0.051%	—	$234K	5x	as long as short
Polymarket Perps NBIS-USD	+0.0050%	1h	234.75	+0.004%	$148K	$707K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX NBIS-USD	+0.0050%	1h	234.77	+0.013%	$38	$20K	10x	as long as short
QFEX NBIS-USDlong	+0.0051%	1h	234.74	long leg	$1.5M	$5.1M	10x
KuCoin NBISUSDTM	+0.0100%	8h	234.49	−0.107%	$483K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	234.73	−0.004%	$2K	$3K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	234.71	−0.011%	—	—	10x	as long as short
Deribit NBIS_USDC-PERPETUAL	+0.0176%	1h	234.70	−0.017%	$35K	$48K	10x	as long as short
Nado NBIS-PERP	+0.0181%	1h	234.62	−0.053%	$28K	$63K	3x	as long as short
Ondo Perps NBIS-USD.P	+0.0190%	1h	234.39	−0.149%	$174K	$498K	10x	as long as short
Variational Omni NBIS	+0.0199%	8h	234.78	+0.018%	$2.9M	$822K	—	as long as short
BloFin NBIS-USDT	+0.0219%	8h	234.80	+0.026%	$207K	$214K	20x	as long as short
Aster NBISUSDT	+0.0221%	8h	234.51	−0.099%	$79K	$306K	50x	as long as short
Extended NBIS-USD	+0.0232%	1h	234.74	−0.002%	$142K	$697K	10x	as long as short
Binance NBISUSDT	+0.0235%	8h	234.79	+0.021%	$19.4M	$86.4M	25x	as long as short
GRVT NBIS_USDT_Perp	+0.0247%	8h	234.42	−0.136%	$5K	$140K	10x	as long as short
Kraken Futures PF_NBISUSD	+0.0248%	1h	234.50	−0.101%	$24K	$13K	20x	as long as short
Arcus NBIS-USD	+0.0269%	1h	234.74	0.000%	$44K	$134K	5x	as long as short
tradeXYZ xyz:NBIS	+0.0275%	1h	234.80	+0.026%	$54.8M	$23.4M	10x	as long as short
Lighter NBIS	+0.0368%	1h	234.88	+0.060%	$936K	$4.6M	10x	as long as short
Phoenix NBIS	+0.0376%	1h	234.62	−0.051%	$7K	$163K	10x	as long as short
edgeX NBISUSDC	+0.0491%	4h	234.49	−0.107%	$38K	$234K	10x	as long as short
Entropy io:NBISshort	+0.0515%	1h	234.65	−0.038%	$10.3M	$3.3M	10x