Spread before costs (cost unknown: a leg has no order-book sample)−0.671%
7d average—if it closes, per $10,000$67funding while held, a day+$1.14
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit NBIS_USDC-PERPETUAL | 229.22 | 0 | get 0.0000% / 1h | 27m 57s | $33K | $82K | 10x |
| Short | Variational Omni NBIS | 227.68 | 0.0038 | get 0.0038% / 8h | 1h 27m | $2.8M | $694K | — |
Deribit NBIS_USDC-PERPETUAL
Variational Omni 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
- −$67.12
- Funding while held
- $1.14
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$72.98
- Spread needed to break even
- 0.070%
Slippage unknown: Deribit: no order-book sample; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0038%
- Per $10,000 a day
- +$1.14
- 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 Variational Omni RFQ quote, 3 min ago | 4.62 bp | doesn't fit | 48.5 bp −$485 | doesn't fit | 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.edgeX227.35cheapest
Variational Omni227.68+0.145%
HTX227.86+0.224%Entropy228.35+0.440%BloFin228.44+0.479%Phoenix228.54+0.523%Arcus228.65+0.571%QFEX228.72+0.602%Ondo Perps228.74+0.611%Polymarket Perps228.78+0.629%Kraken Futures228.79+0.632%Coinbase International228.82+0.646%Nado228.84+0.653%Vest228.95+0.703%Aevo229.03+0.737%Orderly229.06+0.752%KuCoin229.10+0.769%tradeXYZ229.21+0.818%
HTX
Entropy
BloFin
Phoenix
Arcus
QFEX
Ondo Perps
Polymarket Perps
Kraken Futures
Coinbase International
Nado
Vest
Aevo
Orderly
KuCoin
tradeXYZDeribit229.22+0.822%
SoDEX229.27+0.844%OKX229.29+0.853%SunX229.29+0.853%Bybit229.30+0.857%Lighter229.31+0.862%Extended229.32+0.865%Gate229.32+0.866%Phemex229.34+0.875%Bitget229.42+0.910%Aster229.45+0.922%Binance229.47+0.932%
SoDEX
OKX
SunX
Bybit
Lighter
Extended
Gate
Phemex
Bitget
Aster
BinanceNBIS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX NBISUSDC | −0.815% | +0.0837% | 4h | $36K | $236K | 10x | as long as short |
| Variational Omni NBISshort | −0.671% | +0.0038% | 8h | $2.8M | $694K | — | |
| HTX NBIS-USDT | −0.593% | 0.0000% | 8h | $34K | $64K | 20x | as long as short |
| Entropy io:NBIS | −0.380% | +0.0431% | 1h | $10.0M | $2.5M | 10x | as long as short |
| BloFin NBIS-USDT | −0.340% | +0.0019% | 8h | $210K | $165K | 20x | as long as short |
| Phoenix NBIS | −0.297% | +0.0355% | 1h | $7K | $118K | 10x | as long as short |
| Arcus NBIS-USD | −0.249% | +0.0243% | 1h | $32K | $58K | 5x | as long as short |
| QFEX NBIS-USD | −0.218% | +0.0050% | 1h | $1.3M | $3.8M | 10x | as long as short |
| Ondo Perps NBIS-USD.P | −0.209% | +0.0050% | 1h | $157K | $372K | 10x | as long as short |
| Polymarket Perps NBIS-USD | −0.192% | +0.0050% | 1h | $118K | $500K | 10x | as long as short |