Spread before costs (cost unknown: a leg has no order-book sample)−0.088%
7d average—if it closes, per $10,000$9funding while held, a day+$5.15
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NBISUSDT | 233.54 | 0.0026 | pay 0.0026% / 8h | 6h 27m | $21.0M | $72.2M | 25x |
| Short | Nado NBIS-PERP | 233.34 | 0.0198 | get 0.0025% / 1h | 27m 47s | $29K | $65K | 3x |
Binance NBISUSDT
Nado NBIS-PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$8.78
- Funding while held
- $5.15
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$20.63
- Spread needed to break even
- 0.170%
Slippage unknown: Binance: live order book, 16 min ago; Nado: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0172%
- Per $10,000 a day
- +$5.15
- Average in range /8h
- —
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 Binance live order book, 16 min ago | 0.86 bp | 7.8 bp −$8 | 21.9 bp −$219 | 61.3 bp −$6,129 | doesn't fit |
| Sell Nado no order-book sample | — | — | — | — | — |
Nado: 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 price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni233.30cheapestCoinbase International233.33+0.014%Kraken Futures233.33+0.015%
Variational Omni
Coinbase International
Kraken FuturesNado233.34+0.016%
KuCoin233.41+0.048%Arcus233.43+0.057%Deribit233.43+0.057%Aster233.44+0.063%Aevo233.47+0.073%Orderly233.47+0.074%BloFin233.47+0.074%Gate233.49+0.082%Polymarket Perps233.49+0.082%Entropy233.50+0.087%SoDEX233.50+0.087%tradeXYZ233.52+0.095%Ondo Perps233.53+0.100%Extended233.54+0.103%Lighter233.54+0.104%
KuCoin
Arcus
Deribit
Aster
Aevo
Orderly
BloFin
Gate
Polymarket Perps
Entropy
SoDEX
tradeXYZ
Ondo Perps
Extended
LighterBinance233.54+0.104%
OKX233.54+0.104%QFEX233.54+0.104%Phemex233.55+0.108%Bitget233.56+0.112%SunX233.57+0.117%Bybit233.58+0.121%HTX233.61+0.134%Phoenix233.65+0.151%Vest233.75+0.194%edgeX233.86+0.241%
OKX
QFEX
Phemex
Bitget
SunX
Bybit
HTX
Phoenix
VestNBIS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni NBIS | −0.104% | 0.0000% | 8h | $2.8M | $791K | — | as long as short |
| Coinbase International NBIS-PERP-INTX | −0.090% | +0.0272% | 1h | $369K | $538K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | −0.089% | −0.0163% | 1h | $25K | $10K | 20x | as long as short |
| Nado NBIS-PERPshort | −0.088% | +0.0198% | 1h | $29K | $65K | 3x | |
| KuCoin NBISUSDTM | −0.056% | +0.0100% | 8h | $498K | $19K | 20x | as long as short |
| Arcus NBIS-USD | −0.047% | +0.0040% | 1h | $41K | $93K | 5x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | −0.047% | +0.0179% | 1h | $36K | $88K | 10x | as long as short |
| Aster NBISUSDT | −0.041% | +0.0135% | 8h | $103K | $218K | 50x | as long as short |
| Aevo NBIS-PERP | −0.031% | +0.0104% | 1h | — | — | 10x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | −0.030% | +0.0100% | 8h | $2K | $4K | 10x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin NBIS-USDT | −0.030% | +0.0032% | 8h | $214K | $199K | 20x | as long as short |
| Gate NBIS_USDT | −0.021% | 0.0000% | 8h | $2.9M | $4.6M | 50x | as long as short |
| Polymarket Perps NBIS-USD | −0.021% | +0.0050% | 1h | $129K | $520K | 10x | as long as short |
| Entropy io:NBIS | −0.017% | +0.0177% | 1h | $10.2M | $3.2M | 10x | as long as short |
| SoDEX NBIS-USD | −0.017% | +0.0050% | 1h | $112 | $20K | 10x | as long as short |
| tradeXYZ xyz:NBIS | −0.009% | +0.0050% | 1h | $54.1M | $20.3M | 10x | as long as short |
| Ondo Perps NBIS-USD.P | −0.004% | +0.0050% | 1h | $156K | $476K | 10x | as long as short |
| Extended NBIS-USD | −0.001% | +0.0024% | 1h | $160K | $673K | 10x | as long as short |
| Lighter NBIS | 0.000% | +0.0152% | 1h | $1.0M | $4.3M | 10x | as long as short |
| Binance NBISUSDTlong | 0.000% | +0.0026% | 8h | $21.0M | $72.2M | 25x | |
| OKX NBIS-USDT-SWAP | 0.000% | 0.0000% | 8h | $3.5M | $15.2M | 25x | as long as short |
| QFEX NBIS-USD | 0.000% | +0.0042% | 1h | $1.3M | $4.4M | 10x | as long as short |
| Phemex NBISUSDT | +0.004% | 0.0000% | 8h | $1.6M | $829K | 10x | as long as short |
| Bitget NBISUSDT | +0.009% | 0.0000% | 8h | $2.6M | $4.3M | 20x | as long as short |
| SunX NBIS-USDT | +0.013% | 0.0000% | 8h | $1K | $1.7M | 10x | as long as short |
| Bybit NBISUSDT | +0.017% | 0.0000% | 8h | $5.2M | $5.7M | 50x | as long as short |
| HTX NBIS-USDT | +0.030% | 0.0000% | 8h | $18K | $109K | 20x | as long as short |
| Phoenix NBIS | +0.047% | +0.0274% | 1h | $7K | $173K | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.090% | +0.0046% | 1h | — | $141K | 5x | as long as short |
| edgeX NBISUSDC | +0.137% | +0.0432% | 4h | $38K | $237K | 10x | as long as short |