Spread before costs (cost unknown: a leg has no order-book sample)−0.244%
7d average—if it closes, per $10,000$24funding while held, a day−$9.25
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX NBISUSDC | 232.51 | 0.0446 | pay 0.0223% / 4h | 3h 37m | $37K | $235K | 10x |
| Short | Deribit NBIS_USDC-PERPETUAL | 231.94 | 0.0138 | get 0.0017% / 1h | 37m 47s | $34K | $86K | 10x |
Deribit NBIS_USDC-PERPETUALPrice 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
- −$24.44
- Funding while held
- −$9.25
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$49.69
- Spread needed to break even
- 0.160%
Slippage unknown: edgeX: live order book, 6 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0308%
- Per $10,000 a day
- −$9.25
- 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 edgeX live order book, 6 min ago | 6.44 bp | 17.7 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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.tradeXYZ231.75cheapestBitget231.79+0.017%Kraken Futures231.88+0.054%Bybit231.92+0.073%Arcus231.92+0.073%
tradeXYZ
Bitget
Kraken Futures
Bybit
ArcusDeribit231.94+0.082%
Nado231.95+0.085%KuCoin231.95+0.086%Gate231.98+0.099%Polymarket Perps232.00+0.108%Binance232.00+0.108%OKX232.05+0.129%SunX232.05+0.129%SoDEX232.05+0.129%Lighter232.07+0.138%Extended232.07+0.139%Orderly232.11+0.155%Phemex232.11+0.155%Aevo232.11+0.157%QFEX232.13+0.164%Aster232.16+0.178%Vest232.29+0.233%Ondo Perps232.45+0.302%BloFin232.45+0.302%Variational Omni232.47+0.311%Entropy232.55+0.345%HTX232.63+0.380%Phoenix232.81+0.457%Coinbase International233.69+0.837%
Nado
KuCoin
Gate
Polymarket Perps
Binance
OKX
SunX
SoDEX
Lighter
Extended
Orderly
Phemex
Aevo
QFEX
Aster
Vest
Ondo Perps
BloFin
Variational Omni
Entropy
HTX
Phoenix
Coinbase InternationalNBIS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:NBIS | −0.326% | +0.0106% | 1h | $54.3M | $19.7M | 10x | as long as short |
| Bitget NBISUSDT | −0.309% | 0.0000% | 8h | $2.6M | $4.0M | 20x | as long as short |
| Kraken Futures PF_NBISUSD | −0.272% | −0.0095% | 1h | $24K | $12K | 20x | as long as short |
| Bybit NBISUSDT | −0.253% | 0.0000% | 8h | $5.2M | $5.2M | 50x | as long as short |
| Arcus NBIS-USD | −0.253% | +0.0040% | 1h | $39K | $82K | 5x | as long as short |
| Deribit NBIS_USDC-PERPETUALshort | −0.244% | +0.0138% | 1h | $34K | $86K | 10x | |
| Nado NBIS-PERP | −0.241% | +0.0270% | 1h | $29K | $65K | 3x | as long as short |
| KuCoin NBISUSDTM | −0.240% | +0.0100% | 8h | $495K | $19K | 20x | as long as short |
| Gate NBIS_USDT | −0.227% | 0.0000% | 8h | $2.9M | $4.3M | 50x | as long as short |
| Polymarket Perps NBIS-USD | −0.219% | +0.0050% | 1h | $123K | $513K | 10x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance NBISUSDT | −0.218% | +0.0048% | 8h | $21.5M | $67.2M | 25x | as long as short |
| OKX NBIS-USDT-SWAP | −0.197% | +0.0002% | 8h | $3.5M | $14.3M | 25x | as long as short |
| SunX NBIS-USDT | −0.197% | 0.0000% | 8h | $1K | $1.7M | 10x | as long as short |
| SoDEX NBIS-USD | −0.197% | +0.0050% | 1h | $84 | $20K | 10x | as long as short |
| Lighter NBIS | −0.189% | +0.0184% | 1h | $1.0M | $4.2M | 10x | as long as short |
| Extended NBIS-USD | −0.188% | +0.0048% | 1h | $160K | $675K | 10x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | −0.171% | +0.0100% | 8h | $2K | $4K | 10x | as long as short |
| Phemex NBISUSDT | −0.171% | 0.0000% | 8h | $1.6M | $805K | 10x | as long as short |
| Aevo NBIS-PERP | −0.170% | +0.0104% | 1h | — | — | 10x | as long as short |
| QFEX NBIS-USD | −0.163% | +0.0046% | 1h | $1.3M | $4.2M | 10x | as long as short |
| Aster NBISUSDT | −0.149% | +0.0154% | 8h | $103K | $199K | 50x | as long as short |
| Vest NBIS-USD-PERP | −0.094% | +0.0046% | 1h | — | $133K | 5x | as long as short |
| Ondo Perps NBIS-USD.P | −0.025% | +0.0050% | 1h | $155K | $463K | 10x | as long as short |
| BloFin NBIS-USDT | −0.025% | +0.0056% | 8h | $216K | $195K | 20x | as long as short |
| Variational Omni NBIS | −0.016% | +0.0023% | 8h | $2.8M | $781K | — | as long as short |
| edgeX NBISUSDClong | 0.000% | +0.0446% | 4h | $37K | $235K | 10x | |
| Entropy io:NBIS | +0.018% | +0.0305% | 1h | $10.2M | $3.1M | 10x | as long as short |
| HTX NBIS-USDT | +0.052% | 0.0000% | 8h | $18K | $109K | 20x | as long as short |
| Phoenix NBIS | +0.130% | +0.0274% | 1h | $7K | $168K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.508% | +0.0416% | 1h | $371K | $539K | 10x | as long as short |