Funding you earn now, next payment 05:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h −0.010%
Price spread now: OKX against QFEX−0.004%7-day average +0.046% · 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−$39as in the Price arb table
costs, in and out, $10k−$340.342% of the position
Funding, last 4 days (all we have)+0.010%+$1 on $10k
+Price spread, last 7 days+0.044%+$4 · spread now −0.004%, 7d avg +0.046%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.050% cheaper against QFEX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.046%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX NBIS-USD | 232.00 | 0.0034 | pay 0.0004% / 1h | 3m 08s | $1.5M | $4.0M | 10x |
| Short | OKX NBIS-USDT-SWAP | 231.99 | 0 | get 0.0000% / 8h | 3h 03m | $3.3M | $16.1M | 25x |
QFEX NBIS-USD
OKX NBIS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against QFEX. 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
- −$7.16
- Price spread: −0.004% → +0.046%
- −$5.04
- Slippage, 4 orders
- −$14.25
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$46.44
- Costs to cover
- 0.342%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago | 2.37 bp | 8.6 bp −$9 | 11.0 bp −$110 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.65 bp | 8.5 bp −$8 | 18.5 bp −$185 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin NBIS-USDT | −0.0004% | 8h | 231.97 | −0.013% | $205K | $205K | 20x | as long as short |
| Aster NBISUSDT | 0.0000% | 8h | 232.30 | +0.129% | $78K | $309K | 50x | as long as short |
| Extended NBIS-USD | 0.0000% | 1h | 231.97 | −0.013% | $151K | $667K | 10x | as long as short |
| Binance NBISUSDT | 0.0000% | 8h | 232.02 | +0.009% | $18.8M | $85.6M | 25x | as long as short |
| Bybit NBISUSDT | 0.0000% | 8h | 232.11 | +0.047% | $4.9M | $6.4M | 50x | as long as short |
| OKX NBIS-USDT-SWAPshort | 0.0000% | 8h | 231.99 | −0.004% | $3.3M | $16.1M | 25x | |
| Gate NBIS_USDT | 0.0000% | 8h | 232.10 | +0.043% | $2.7M | $5.1M | 50x | as long as short |
| Bitget NBISUSDT | 0.0000% | 8h | 232.02 | +0.009% | $2.3M | $4.5M | 20x | as long as short |
| Variational Omni NBIS | 0.0000% | 8h | 232.62 | +0.269% | $2.9M | $552K | — | as long as short |
| GRVT NBIS_USDT_Perp | 0.0000% | 8h | 232.41 | +0.175% | $5K | $118K | 10x | as long as short |
BloFin NBIS-USDT
Aster NBISUSDT
Extended NBIS-USD
Binance NBISUSDT
Bybit NBISUSDT
Gate NBIS_USDT
Bitget NBISUSDT
Variational Omni NBIS
GRVT NBIS_USDT_PerpShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX NBIS-USDT | 0.0000% | 8h | 232.07 | +0.030% | $984 | $1.6M | 10x | as long as short |
| HTX NBIS-USDT | 0.0000% | 8h | 232.34 | +0.147% | $15K | $60K | 20x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 232.03 | +0.013% | $1.6M | $956K | 10x | as long as short |
| Nado NBIS-PERP | +0.0008% | 1h | 232.10 | +0.043% | $38K | $115K | 3x | as long as short |
| QFEX NBIS-USDlong | +0.0034% | 1h | 232.00 | long leg | $1.5M | $4.0M | 10x | |
| Arcus NBIS-USD | +0.0040% | 1h | 232.23 | +0.099% | $42K | $132K | 5x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 232.15 | +0.065% | — | $217K | 5x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0049% | 1h | 232.03 | +0.013% | $23K | $15K | 20x | as long as short |
| tradeXYZ xyz:NBIS | +0.0050% | 1h | 231.91 | −0.039% | $54.1M | $20.2M | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 231.99 | −0.004% | $142K | $459K | 10x | as long as short |
| SoDEX NBIS-USD | +0.0050% | 1h | 232.01 | +0.004% | $107 | $21K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.0050% | 1h | 232.20 | +0.086% | $160K | $508K | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.0095% | 1h | 232.01 | +0.004% | $34K | $49K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 232.01 | +0.004% | $478K | $20K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 232.01 | +0.004% | $2K | $3K | 10x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 231.97 | −0.013% | — | — | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0104% | 1h | 232.30 | +0.129% | $361K | $771K | 10x | as long as short |
| edgeX NBISUSDC | +0.0149% | 4h | 232.30 | +0.131% | $37K | $227K | 10x | as long as short |
| Lighter NBIS | +0.0192% | 1h | 232.05 | +0.022% | $917K | $4.0M | 10x | as long as short |
| Phoenix NBIS | +0.0239% | 1h | 232.36 | +0.155% | $7K | $150K | 10x | as long as short |
| Entropy io:NBIS | +0.0298% | 1h | 232.43 | +0.185% | $10.1M | $3.2M | 10x | as long as short |
SunX NBIS-USDT
HTX NBIS-USDT
Phemex NBISUSDT
Nado NBIS-PERP
Arcus NBIS-USD
Vest NBIS-USD-PERP
Kraken Futures PF_NBISUSD
tradeXYZ xyz:NBIS
Polymarket Perps NBIS-USD
SoDEX NBIS-USD
Ondo Perps NBIS-USD.P
Deribit NBIS_USDC-PERPETUAL
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
Aevo NBIS-PERP
Coinbase International NBIS-PERP-INTX
edgeX NBISUSDC
Lighter NBIS
Phoenix NBIS
Entropy io:NBIS