After costs, if the gap returns to its 7d average, $10k−$109
spread now−0.338%7d average+0.102%fees + slippage, in and out−$65spread needed0.649%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget NBISUSDT | 234.03 | 0 | get 0.0000% / 8h | 40m 25s | $2.4M | $3.5M | 20x |
| Short | Phoenix NBIS | 233.24 | 0.0279 | get 0.0035% / 1h | 40m 25s | $7K | $159K | 10x |
Bitget NBISUSDT
Phoenix NBISPrice 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
- −$33.76
- Funding while held
- $8.37
- Slippage, 4 orders
- −$45.87
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$90.25
- Spread needed to break even
- 0.649%
Slippage from Bitget: live order book, 4 min ago; Phoenix: live order book, 70 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0279%
- Per $10,000 a day
- +$8.37
- 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 Bitget live order book, 4 min ago | 3.43 bp | 18.0 bp −$18 | 32.5 bp −$325 | 58.3 bp −$5,830 | doesn't fit |
| Sell Phoenix live order book, 70 min ago | 4.40 bp | 14.0 bp −$14 | 30.2 bp −$302 | doesn't fit | doesn't fit |
NBIS price on every exchange
against the cheapest. Click to use as the short leg.edgeX233.15cheapest
Phoenix233.24+0.039%
Entropy233.36+0.090%HTX233.38+0.099%Variational Omni233.61+0.196%Kraken Futures233.66+0.219%Deribit233.82+0.287%Nado233.83+0.291%Phemex233.83+0.292%KuCoin233.88+0.313%Coinbase International233.88+0.313%Arcus233.89+0.317%Aevo233.89+0.318%SoDEX233.90+0.322%Gate233.91+0.326%Ondo Perps233.96+0.347%tradeXYZ233.97+0.352%QFEX233.97+0.352%Polymarket Perps233.98+0.356%Orderly233.98+0.356%OKX234.02+0.373%Lighter234.03+0.378%
Entropy
HTX
Variational Omni
Kraken Futures
Deribit
Nado
Phemex
KuCoin
Coinbase International
Arcus
Aevo
SoDEX
Gate
Ondo Perps
tradeXYZ
QFEX
Polymarket Perps
Orderly
OKX
LighterBitget234.03+0.378%
Aster234.05+0.386%SunX234.05+0.386%BloFin234.05+0.386%Binance234.06+0.392%Bybit234.10+0.408%Extended234.10+0.408%Vest234.46+0.562%
Aster
SunX
BloFin
Binance
Bybit
Extended
VestNBIS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX NBISUSDC | −0.376% | +0.0481% | 4h | $37K | $235K | 10x | as long as short |
| Phoenix NBISshort | −0.338% | +0.0279% | 1h | $7K | $159K | 10x | |
| Entropy io:NBIS | −0.286% | +0.0178% | 1h | $10.2M | $2.9M | 10x | as long as short |
| HTX NBIS-USDT | −0.278% | 0.0000% | 8h | $18K | $105K | 20x | as long as short |
| Variational Omni NBIS | −0.180% | +0.0056% | 8h | $2.8M | $741K | — | as long as short |
| Kraken Futures PF_NBISUSD | −0.158% | +0.0022% | 1h | $25K | $12K | 20x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | −0.090% | 0.0000% | 1h | $35K | $84K | 10x | as long as short |
| Nado NBIS-PERP | −0.086% | +0.0191% | 1h | $29K | $65K | 3x | as long as short |
| Phemex NBISUSDT | −0.085% | 0.0000% | 8h | $1.6M | $773K | 10x | as long as short |
| KuCoin NBISUSDTM | −0.064% | +0.0100% | 8h | $500K | $18K | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International NBIS-PERP-INTX | −0.064% | +0.0528% | 1h | $359K | $407K | 10x | as long as short |
| Arcus NBIS-USD | −0.060% | +0.0040% | 1h | $35K | $76K | 5x | as long as short |
| Aevo NBIS-PERP | −0.059% | +0.0104% | 1h | — | — | 10x | as long as short |
| SoDEX NBIS-USD | −0.056% | +0.0050% | 1h | $84 | $20K | 10x | as long as short |
| Gate NBIS_USDT | −0.051% | 0.0000% | 8h | $3.0M | $3.9M | 50x | as long as short |
| Ondo Perps NBIS-USD.P | −0.030% | +0.0050% | 1h | $153K | $446K | 10x | as long as short |
| tradeXYZ xyz:NBIS | −0.026% | +0.0072% | 1h | $55.0M | $18.8M | 10x | as long as short |
| QFEX NBIS-USD | −0.026% | +0.0036% | 1h | $1.3M | $4.0M | 10x | as long as short |
| Polymarket Perps NBIS-USD | −0.021% | +0.0050% | 1h | $124K | $508K | 10x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | −0.021% | +0.0100% | 8h | $2K | $4K | 10x | as long as short |
| OKX NBIS-USDT-SWAP | −0.004% | +0.0038% | 8h | $3.5M | $13.0M | 25x | as long as short |
| Lighter NBIS | 0.000% | +0.0056% | 1h | $1.1M | $3.9M | 10x | as long as short |
| Bitget NBISUSDTlong | 0.000% | 0.0000% | 8h | $2.4M | $3.5M | 20x | |
| Aster NBISUSDT | +0.009% | +0.0153% | 8h | $97K | $166K | 50x | as long as short |
| SunX NBIS-USDT | +0.009% | 0.0000% | 8h | $1K | $1.6M | 10x | as long as short |
| BloFin NBIS-USDT | +0.009% | +0.0066% | 8h | $214K | $188K | 20x | as long as short |
| Binance NBISUSDT | +0.015% | +0.0056% | 8h | $21.8M | $60.3M | 25x | as long as short |
| Bybit NBISUSDT | +0.030% | +0.0052% | 8h | $5.3M | $4.7M | 50x | as long as short |
| Extended NBIS-USD | +0.030% | +0.0056% | 1h | $170K | $693K | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.184% | +0.0046% | 1h | — | $120K | 5x | as long as short |