NBIS Funding Rate — perpetuals across 15 venues
TradFi perpetual · compared across 15 venues · net of estimated fees · updated every few minutes
NBIS is an equity-linked perpetual referencing NBIS, traded on-chain (not a tokenized xStock). Perpia compares its annualized funding across venues and the best delta-neutral spread.
Live annualized NBIS perpetual funding across all 15 venues Perpia tracks. Right now NBIS funding is positive on 4 and negative on 4, ranging from +6.7% on KuCoin to -48.8% on Nado — a spread of 55.5%. The widest delta-neutral trade is long Nado / short Ostium at 38.7% net APR.
NBIS funding trend & liquidity
43h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
NBIS funding rate by venue
46 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| KuCoin↗ | +6.7% | 8h |
| Vest↗ | +5.0% | 1h |
| Arcus↗ | +4.2% | 1h |
| Lighter↗ | +3.5% | 8h |
| Ostium↗ | +0.0% | 1h |
| Extended↗ | +0.0% | 1h |
| OKX↗ | +0.0% | 8h |
| Aster↗ | +0.0% | 8h |
| Bitget↗ | +0.0% | 8h |
| Bybit↗ | +0.0% | 8h |
| Variational↗ | +0.0% | 8h |
| trade.xyz↗ | -11.0% | 1h |
| Hyperliquid↗ | -11.4% | 1h |
| Gate.io↗ | -33.6% | 8h |
| Nado↗ | -48.8% | 24h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Nado vs Ostium page.
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NBIS funding — FAQ
Is NBIS funding positive right now?
NBIS perpetual funding is positive on 4 of 15 venues Perpia tracks and negative on 4. The highest is +6.7% on KuCoin; the lowest is -48.8% on Nado.
What is the best NBIS funding arbitrage right now?
Go long Nado and short Ostium for about 38.7% net APR after fees — the widest delta-neutral NBIS spread Perpia currently sees.
Which exchange has the highest NBIS funding rate?
KuCoin, at +6.7% annualized. Funding shifts continuously, so check the live table above before trading.
How NBIS funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to NBIS
Markets also quoted on both Nado and Ostium — the same two exchanges you would already have funded for the NBIS trade.
See every spread between them on the Nado vs Ostium page.