data as of
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Price arb /

NBIS

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$82
spread now−0.216%7d average−0.030%fees + slippage, in and out−$63spread needed0.629%
Long on EntropyShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongEntropy io:NBIS235.990.0270pay 0.0034% / 1h1m 46s$10.3M$3.2M10x
ShortBybit NBISUSDT235.480get 0.0000% / 8h5h 01m$5.3M$5.9M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$21.61
Funding while held
−$8.09
Slippage, 4 orders
−$33.92
Fee Entropy: 9 bp × 2 orders
−$18
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$92.61
Spread needed to break even
0.629%
Slippage from Entropy: live order book, 7 min ago; Bybit: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0270%
Per $10,000 a day
−$8.09
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Entropy live order book, 7 min ago1.06 bp18.8 bp −$1922.6 bp −$226doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago2.32 bp12.4 bp −$1242.5 bp −$425doesn't fitdoesn't fit

NBIS price on every exchange

against the cheapest. Click to use as the short leg.
Aster235.40cheapestKuCoin235.41+0.005%Bitget235.44+0.018%Extended235.45+0.021%Gate235.45+0.022%
Bybit235.48+0.035%
OKX235.49+0.039%Binance235.49+0.041%tradeXYZ235.52+0.052%Lighter235.76+0.154%Deribit235.84+0.188%Phemex235.84+0.188%Aevo235.85+0.192%SoDEX235.86+0.197%Orderly235.90+0.214%Kraken Futures235.90+0.215%
Entropy235.99+0.252%
Arcus236.00+0.256%QFEX236.11+0.303%Polymarket Perps236.12+0.307%Nado236.13+0.311%Vest236.44+0.443%Variational Omni236.44+0.444%Ondo Perps236.46+0.451%edgeX236.50+0.469%SunX236.57+0.498%Phoenix236.58+0.502%HTX236.61+0.515%BloFin236.61+0.515%Coinbase International237.62+0.944%

NBIS on 30 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aster NBISUSDT−0.251%+0.0076%8h$111K$251K50xas long as short
KuCoin NBISUSDTM−0.246%+0.0100%8h$496K$21K20xas long as short
Bitget NBISUSDT−0.233%0.0000%8h$2.5M$4.5M20xas long as short
Extended NBIS-USD−0.230%0.0000%1h$142K$701K10xas long as short
Gate NBIS_USDT−0.229%0.0000%8h$2.9M$4.9M50xas long as short
Bybit NBISUSDTshort−0.216%0.0000%8h$5.3M$5.9M50x
OKX NBIS-USDT-SWAP−0.212%0.0000%8h$3.5M$16.2M25xas long as short
Binance NBISUSDT−0.211%0.0000%8h$21.1M$78.0M25xas long as short
tradeXYZ xyz:NBIS−0.199%+0.0206%1h$54.7M$21.2M10xas long as short
Lighter NBIS−0.097%+0.0304%1h$1.0M$4.4M10xas long as short
Show all 30 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Deribit NBIS_USDC-PERPETUAL−0.064%+0.0004%1h$36K$88K10xas long as short
Phemex NBISUSDT−0.064%0.0000%8h$1.6M$882K10xas long as short
Aevo NBIS-PERP−0.060%+0.0104%1h——10xas long as short
SoDEX NBIS-USD−0.055%+0.0050%1h$118$20K10xas long as short
Orderly PERP_NBIS_USDC_mythos−0.038%+0.0100%8h$2K$4K10xas long as short
Kraken Futures PF_NBISUSD−0.036%−0.0084%1h$25K$11K20xas long as short
Entropy io:NBISlong0.000%+0.0270%1h$10.3M$3.2M10x
Arcus NBIS-USD+0.004%+0.0040%1h$41K$117K5xas long as short
QFEX NBIS-USD+0.051%+0.0037%1h$1.4M$4.8M10xas long as short
Polymarket Perps NBIS-USD+0.055%+0.0050%1h$129K$532K10xas long as short
Nado NBIS-PERP+0.059%+0.0206%1h$30K$65K3xas long as short
Vest NBIS-USD-PERP+0.191%+0.0046%1h—$208K5xas long as short
Variational Omni NBIS+0.192%0.0000%8h$2.9M$920K—as long as short
Ondo Perps NBIS-USD.P+0.199%+0.0050%1h$159K$486K10xas long as short
edgeX NBISUSDC+0.217%+0.0592%4h$38K$238K10xas long as short
SunX NBIS-USDT+0.246%0.0000%8h$916$1.8M10xas long as short
Phoenix NBIS+0.250%+0.0270%1h$7K$178K10xas long as short
HTX NBIS-USDT+0.263%0.0000%8h$15K$115K20xas long as short
BloFin NBIS-USDT+0.263%+0.0011%8h$216K$215K20xas long as short
Coinbase International NBIS-PERP-INTX+0.691%+0.0120%1h$374K$654K10xas long as short