After costs, if the gap returns to its 7d average, $10k−$49
spread now+0.098%7d average+0.001%fees + slippage, in and out−$59spread needed0.585%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:NBIS | 233.54 | 0.0235 | pay 0.0029% / 1h | 46m 26s | $10.2M | $3.1M | 10x |
| Short | Phoenix NBIS | 233.77 | 0.0274 | get 0.0034% / 1h | 46m 26s | $7K | $173K | 10x |
Entropy io:NBIS
Phoenix 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
- $9.85
- Funding while held
- $1.16
- Slippage, 4 orders
- −$33.5
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$47.5
- Spread needed to break even
- 0.585%
Slippage from Entropy: live order book, 2 min ago; Phoenix: live order book, 47 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0039%
- Per $10,000 a day
- +$1.16
- 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 Entropy live order book, 2 min ago | 1.50 bp | 16.9 bp −$17 | 22.7 bp −$227 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 47 min ago | 4.30 bp | 14.2 bp −$14 | 30.3 bp −$303 | doesn't fit | doesn't fit |
NBIS price on every exchange
against the cheapest. Click to use as the short leg.Kraken Futures233.00cheapestOndo Perps233.02+0.008%SunX233.07+0.030%Aevo233.18+0.075%Deribit233.18+0.077%BloFin233.19+0.081%Orderly233.22+0.094%Nado233.29+0.123%Arcus233.29+0.124%KuCoin233.31+0.133%SoDEX233.31+0.133%Aster233.31+0.134%QFEX233.33+0.141%Coinbase International233.33+0.141%Gate233.34+0.145%Phemex233.34+0.145%tradeXYZ233.36+0.154%Extended233.38+0.163%Bybit233.40+0.171%Bitget233.40+0.171%Binance233.42+0.179%Polymarket Perps233.45+0.193%OKX233.47+0.201%Lighter233.48+0.206%HTX233.52+0.223%
Kraken Futures
Ondo Perps
SunX
Aevo
Deribit
BloFin
Orderly
Nado
Arcus
KuCoin
SoDEX
Aster
QFEX
Coinbase International
Gate
Phemex
tradeXYZ
Extended
Bybit
Bitget
Binance
Polymarket Perps
OKX
Lighter
HTXEntropy233.54+0.231%
edgeX233.56+0.238%Vest233.74+0.317%
VestPhoenix233.77+0.330%
Variational Omni234.16+0.498%
Variational OmniNBIS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NBISUSD | −0.231% | −0.0163% | 1h | $25K | $13K | 20x | as long as short |
| Ondo Perps NBIS-USD.P | −0.223% | +0.0050% | 1h | $156K | $474K | 10x | as long as short |
| SunX NBIS-USDT | −0.201% | 0.0000% | 8h | $986 | $1.7M | 10x | as long as short |
| Aevo NBIS-PERP | −0.156% | +0.0104% | 1h | — | — | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | −0.154% | 0.0000% | 1h | $35K | $87K | 10x | as long as short |
| BloFin NBIS-USDT | −0.150% | +0.0059% | 8h | $214K | $198K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | −0.137% | +0.0100% | 8h | $2K | $4K | 10x | as long as short |
| Nado NBIS-PERP | −0.108% | +0.0234% | 1h | $29K | $65K | 3x | as long as short |
| Arcus NBIS-USD | −0.107% | +0.0040% | 1h | $41K | $93K | 5x | as long as short |
| KuCoin NBISUSDTM | −0.098% | +0.0100% | 8h | $498K | $19K | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX NBIS-USD | −0.098% | +0.0050% | 1h | $79 | $20K | 10x | as long as short |
| Aster NBISUSDT | −0.097% | +0.0144% | 8h | $103K | $211K | 50x | as long as short |
| QFEX NBIS-USD | −0.090% | +0.0042% | 1h | $1.3M | $4.4M | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | −0.090% | +0.0272% | 1h | $369K | $538K | 10x | as long as short |
| Gate NBIS_USDT | −0.086% | 0.0000% | 8h | $2.9M | $4.5M | 50x | as long as short |
| Phemex NBISUSDT | −0.086% | 0.0000% | 8h | $1.6M | $822K | 10x | as long as short |
| tradeXYZ xyz:NBIS | −0.077% | +0.0050% | 1h | $54.3M | $19.9M | 10x | as long as short |
| Extended NBIS-USD | −0.069% | +0.0032% | 1h | $160K | $673K | 10x | as long as short |
| Bybit NBISUSDT | −0.060% | 0.0000% | 8h | $5.3M | $5.6M | 50x | as long as short |
| Bitget NBISUSDT | −0.060% | 0.0000% | 8h | $2.6M | $4.2M | 20x | as long as short |
| Binance NBISUSDT | −0.052% | +0.0031% | 8h | $21.3M | $71.0M | 25x | as long as short |
| Polymarket Perps NBIS-USD | −0.039% | +0.0050% | 1h | $129K | $520K | 10x | as long as short |
| OKX NBIS-USDT-SWAP | −0.030% | 0.0000% | 8h | $3.5M | $15.0M | 25x | as long as short |
| Lighter NBIS | −0.026% | +0.0144% | 1h | $1.0M | $4.3M | 10x | as long as short |
| HTX NBIS-USDT | −0.009% | 0.0000% | 8h | $18K | $109K | 20x | as long as short |
| Entropy io:NBISlong | 0.000% | +0.0235% | 1h | $10.2M | $3.1M | 10x | |
| edgeX NBISUSDC | +0.007% | +0.0944% | 4h | $37K | $237K | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.086% | +0.0046% | 1h | — | $134K | 5x | as long as short |
| Phoenix NBISshort | +0.098% | +0.0274% | 1h | $7K | $173K | 10x | |
| Variational Omni NBIS | +0.266% | +0.0004% | 8h | $2.8M | $792K | — | as long as short |