After costs, if the gap returns to its 7d average, $10k−$53
spread now+0.048%7d average−0.001%fees + slippage, in and out−$58spread needed0.582%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International NBIS-PERP-INTX | 228.82 | 0.0480 | pay 0.0060% / 1h | 26m 53s | $375K | $192K | 10x |
| Short | Phoenix NBIS | 228.93 | 0.0355 | get 0.0044% / 1h | 26m 53s | $7K | $118K | 10x |
Coinbase International NBIS-PERP-INTX
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
- $4.81
- Funding while held
- −$3.74
- Slippage, 4 orders
- −$41.17
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$57.1
- Spread needed to break even
- 0.582%
Slippage from Coinbase International: live order book, 28 min ago; Phoenix: live order book, 24 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0125%
- Per $10,000 a day
- −$3.74
- 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 Coinbase International live order book, 28 min ago | 9.16 bp | 14.3 bp −$14 | 21.8 bp −$218 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 24 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.Variational Omni227.68cheapestDeribit228.37+0.302%edgeX228.47+0.347%Kraken Futures228.50+0.357%KuCoin228.50+0.359%tradeXYZ228.57+0.390%Arcus228.61+0.408%SoDEX228.64+0.421%Nado228.67+0.435%Orderly228.68+0.439%SunX228.68+0.439%Extended228.69+0.441%Aevo228.71+0.451%Lighter228.71+0.452%Phemex228.72+0.456%BloFin228.74+0.465%Entropy228.77+0.478%QFEX228.77+0.478%
Variational Omni
Deribit
Kraken Futures
KuCoin
tradeXYZ
Arcus
SoDEX
Nado
Orderly
SunX
Extended
Aevo
Lighter
Phemex
BloFin
Entropy
QFEXCoinbase International228.82+0.500%
Polymarket Perps228.85+0.513%Aster228.86+0.518%Bitget228.90+0.535%Gate228.92+0.544%Binance228.92+0.544%
Polymarket Perps
Aster
Bitget
Gate
BinancePhoenix228.93+0.548%
Vest229.00+0.579%Bybit229.01+0.583%OKX229.02+0.588%Ondo Perps229.26+0.693%HTX229.28+0.702%
Vest
Bybit
OKX
Ondo Perps
HTXNBIS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni NBIS | −0.498% | +0.0038% | 8h | $2.8M | $694K | — | as long as short |
| Deribit NBIS_USDC-PERPETUAL | −0.197% | 0.0000% | 1h | $32K | $82K | 10x | as long as short |
| edgeX NBISUSDC | −0.152% | +0.0083% | 4h | $37K | $234K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | −0.142% | +0.0253% | 1h | $25K | $12K | 20x | as long as short |
| KuCoin NBISUSDTM | −0.140% | +0.0100% | 8h | $482K | $14K | 20x | as long as short |
| tradeXYZ xyz:NBIS | −0.109% | +0.0154% | 1h | $55.0M | $17.1M | 10x | as long as short |
| Arcus NBIS-USD | −0.092% | +0.0243% | 1h | $32K | $58K | 5x | as long as short |
| SoDEX NBIS-USD | −0.079% | +0.0050% | 1h | $59 | $20K | 10x | as long as short |
| Nado NBIS-PERP | −0.065% | +0.0226% | 1h | $29K | $65K | 3x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | −0.061% | +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 | |
|---|---|---|---|---|---|---|---|
| SunX NBIS-USDT | −0.061% | 0.0000% | 8h | $736 | $1.3M | 10x | as long as short |
| Extended NBIS-USD | −0.058% | +0.0040% | 1h | $166K | $694K | 10x | as long as short |
| Aevo NBIS-PERP | −0.049% | +0.0104% | 1h | — | — | 10x | as long as short |
| Lighter NBIS | −0.048% | +0.0200% | 1h | $1.6M | $2.8M | 10x | as long as short |
| Phemex NBISUSDT | −0.044% | 0.0000% | 8h | $1.6M | $746K | 10x | as long as short |
| BloFin NBIS-USDT | −0.035% | +0.0009% | 8h | $211K | $166K | 20x | as long as short |
| Entropy io:NBIS | −0.022% | +0.0433% | 1h | $10.0M | $2.5M | 10x | as long as short |
| QFEX NBIS-USD | −0.022% | +0.0050% | 1h | $1.3M | $3.8M | 10x | as long as short |
| Coinbase International NBIS-PERP-INTXlong | 0.000% | +0.0480% | 1h | $375K | $192K | 10x | |
| Polymarket Perps NBIS-USD | +0.013% | +0.0050% | 1h | $118K | $500K | 10x | as long as short |
| Aster NBISUSDT | +0.018% | +0.0078% | 8h | $76K | $129K | 50x | as long as short |
| Bitget NBISUSDT | +0.035% | 0.0000% | 8h | $2.4M | $3.2M | 20x | as long as short |
| Gate NBIS_USDT | +0.044% | 0.0000% | 8h | $3.1M | $3.5M | 50x | as long as short |
| Binance NBISUSDT | +0.044% | +0.0037% | 8h | $21.9M | $52.0M | 25x | as long as short |
| Phoenix NBISshort | +0.048% | +0.0355% | 1h | $7K | $118K | 10x | |
| Vest NBIS-USD-PERP | +0.079% | +0.0046% | 1h | — | $78K | 5x | as long as short |
| Bybit NBISUSDT | +0.083% | +0.0089% | 8h | $5.2M | $4.3M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | +0.087% | +0.0082% | 8h | $3.4M | $11.3M | 25x | as long as short |
| Ondo Perps NBIS-USD.P | +0.192% | +0.0050% | 1h | $157K | $373K | 10x | as long as short |
| HTX NBIS-USDT | +0.201% | 0.0000% | 8h | $34K | $64K | 20x | as long as short |