Spread before costs (cost unknown: a leg has no order-book sample)+0.227%
7d average—if it closes, per $10,000$23funding while held, a day+$48.29
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit NBIS_USDC-PERPETUAL | 224.51 | −0.1218 | get 0.0152% / 1h | 29m 01s | $29K | $50K | 10x |
| Short | Lighter NBIS | 225.02 | 0.0392 | get 0.0049% / 1h | 29m 01s | $1.6M | $2.2M | 10x |
Deribit NBIS_USDC-PERPETUAL
Lighter 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
- $22.72
- Funding while held
- $48.29
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $64.01
- Spread needed to break even
- 0.070%
Slippage unknown: Deribit: no order-book sample; Lighter: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1610%
- Per $10,000 a day
- +$48.29
- 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 Lighter live order book, 5 min ago | 1.55 bp | 5.6 bp −$6 | 16.7 bp −$167 | 96.0 bp −$9,602 | 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.Bitget224.35cheapest
BitgetDeribit224.51+0.071%
tradeXYZ224.54+0.085%Bybit224.60+0.111%OKX224.64+0.129%Binance224.69+0.152%Phemex224.80+0.201%SoDEX224.81+0.205%Gate224.82+0.209%Extended224.86+0.229%BloFin224.95+0.267%Aevo225.01+0.295%Aster225.01+0.296%
tradeXYZ
Bybit
OKX
Binance
Phemex
SoDEX
Gate
Extended
BloFin
Aevo
AsterLighter225.02+0.299%
SunX225.11+0.339%Orderly225.16+0.361%Coinbase International225.64+0.575%Kraken Futures225.92+0.701%Variational Omni225.98+0.725%Ondo Perps226.03+0.749%Vest226.07+0.767%HTX226.08+0.771%edgeX226.15+0.800%Phoenix226.15+0.802%Entropy226.23+0.838%KuCoin226.65+1.025%QFEX226.75+1.070%Polymarket Perps226.84+1.110%Nado226.85+1.113%Arcus226.99+1.177%
SunX
Orderly
Coinbase International
Kraken Futures
Variational Omni
Ondo Perps
Vest
HTX
Phoenix
Entropy
KuCoin
QFEX
Polymarket Perps
Nado
ArcusNBIS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget NBISUSDT | −0.071% | 0.0000% | 8h | $2.4M | $2.4M | 20x | as long as short |
| Deribit NBIS_USDC-PERPETUALlong | 0.000% | −0.1218% | 1h | $29K | $50K | 10x | |
| tradeXYZ xyz:NBIS | +0.013% | +0.0284% | 1h | $53.6M | $13.8M | 10x | as long as short |
| Bybit NBISUSDT | +0.040% | +0.0161% | 8h | $5.2M | $2.7M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | +0.058% | +0.0091% | 8h | $3.1M | $6.0M | 25x | as long as short |
| Binance NBISUSDT | +0.081% | +0.0001% | 8h | $20.9M | $31.4M | 25x | as long as short |
| Phemex NBISUSDT | +0.129% | 0.0000% | 8h | $1.5M | $708K | 10x | as long as short |
| SoDEX NBIS-USD | +0.134% | +0.0050% | 1h | $94 | $20K | 10x | as long as short |
| Gate NBIS_USDT | +0.138% | 0.0000% | 8h | $3.4M | $2.3M | 50x | as long as short |
| Extended NBIS-USD | +0.158% | 0.0000% | 1h | $170K | $689K | 10x | as long as short |