Spread before costs (cost unknown: a leg has no order-book sample)+0.131%
7d average—if it closes, per $10,000$13funding while held, a day+$2.70
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit NBIS_USDC-PERPETUAL | 228.56 | 0 | get 0.0000% / 1h | 29m 42s | $33K | $82K | 10x |
| Short | Bybit NBISUSDT | 228.86 | 0.0090 | get 0.0090% / 8h | 1h 29m | $5.2M | $4.3M | 50x |
Deribit NBIS_USDC-PERPETUAL
Bybit NBISUSDTPrice 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
- $13.13
- Funding while held
- $2.7
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$2.18
- Spread needed to break even
- 0.180%
Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0090%
- Per $10,000 a day
- +$2.70
- 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 5 min ago | 2.64 bp | 11.8 bp −$12 | 41.4 bp −$414 | 240.7 bp −$24.1K | doesn't fit |
Deribit: 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.Phoenix227.34cheapestedgeX227.35+0.005%Variational Omni227.68+0.150%HTX227.86+0.229%Entropy228.39+0.462%Nado228.44+0.486%Kraken Futures228.52+0.518%Polymarket Perps228.53+0.523%
Phoenix
Variational Omni
HTX
Entropy
Nado
Kraken Futures
Polymarket PerpsDeribit228.56+0.537%
Aevo228.60+0.556%SunX228.63+0.567%Orderly228.65+0.576%SoDEX228.65+0.576%Vest228.66+0.581%Arcus228.72+0.607%KuCoin228.72+0.607%tradeXYZ228.74+0.616%Phemex228.78+0.633%Extended228.79+0.639%Lighter228.80+0.642%BloFin228.81+0.647%Gate228.82+0.651%Coinbase International228.82+0.651%Aster228.82+0.653%QFEX228.84+0.660%Bitget228.85+0.664%
Aevo
SunX
Orderly
SoDEX
Vest
Arcus
KuCoin
tradeXYZ
Phemex
Extended
Lighter
BloFin
Gate
Coinbase International
Aster
QFEX
BitgetBybit228.86+0.669%
Ondo Perps228.88+0.677%OKX228.93+0.699%Binance228.95+0.708%
Ondo Perps
OKX
BinanceNBIS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix NBIS | −0.534% | +0.0355% | 1h | $7K | $118K | 10x | as long as short |
| edgeX NBISUSDC | −0.529% | +0.0837% | 4h | $36K | $236K | 10x | as long as short |
| Variational Omni NBIS | −0.384% | +0.0038% | 8h | $2.8M | $694K | — | as long as short |
| HTX NBIS-USDT | −0.306% | 0.0000% | 8h | $34K | $64K | 20x | as long as short |
| Entropy io:NBIS | −0.074% | +0.0431% | 1h | $10.0M | $2.5M | 10x | as long as short |
| Nado NBIS-PERP | −0.050% | +0.0231% | 1h | $29K | $65K | 3x | as long as short |
| Kraken Futures PF_NBISUSD | −0.018% | +0.0253% | 1h | $25K | $11K | 20x | as long as short |
| Polymarket Perps NBIS-USD | −0.013% | +0.0050% | 1h | $118K | $500K | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUALlong | 0.000% | 0.0000% | 1h | $33K | $82K | 10x | |
| Aevo NBIS-PERP | +0.019% | +0.0104% | 1h | — | — | 10x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX NBIS-USDT | +0.031% | 0.0000% | 8h | $1K | $1.3M | 10x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.039% | +0.0100% | 8h | $2K | $4K | 10x | as long as short |
| SoDEX NBIS-USD | +0.039% | +0.0050% | 1h | $55 | $20K | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.044% | +0.0046% | 1h | — | $77K | 5x | as long as short |
| Arcus NBIS-USD | +0.070% | +0.0243% | 1h | $32K | $58K | 5x | as long as short |
| KuCoin NBISUSDTM | +0.070% | +0.0100% | 8h | $483K | $14K | 20x | as long as short |
| tradeXYZ xyz:NBIS | +0.079% | +0.0152% | 1h | $55.0M | $16.9M | 10x | as long as short |
| Phemex NBISUSDT | +0.096% | 0.0000% | 8h | $1.6M | $745K | 10x | as long as short |
| Extended NBIS-USD | +0.101% | +0.0040% | 1h | $166K | $694K | 10x | as long as short |
| Lighter NBIS | +0.105% | +0.0216% | 1h | $1.6M | $2.8M | 10x | as long as short |
| BloFin NBIS-USDT | +0.109% | +0.0030% | 8h | $212K | $165K | 20x | as long as short |
| Gate NBIS_USDT | +0.114% | 0.0000% | 8h | $3.1M | $3.5M | 50x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.114% | +0.0480% | 1h | $375K | $192K | 10x | as long as short |
| Aster NBISUSDT | +0.116% | +0.0075% | 8h | $76K | $129K | 50x | as long as short |
| QFEX NBIS-USD | +0.123% | +0.0050% | 1h | $1.3M | $3.8M | 10x | as long as short |
| Bitget NBISUSDT | +0.127% | 0.0000% | 8h | $2.4M | $3.1M | 20x | as long as short |
| Bybit NBISUSDTshort | +0.131% | +0.0090% | 8h | $5.2M | $4.3M | 50x | |
| Ondo Perps NBIS-USD.P | +0.140% | +0.0050% | 1h | $157K | $371K | 10x | as long as short |
| OKX NBIS-USDT-SWAP | +0.162% | +0.0088% | 8h | $3.4M | $11.2M | 25x | as long as short |
| Binance NBISUSDT | +0.171% | +0.0037% | 8h | $21.9M | $51.4M | 25x | as long as short |