After costs, if the gap returns to its 7d average, $10k−$26
spread now+0.068%7d average−0.112%fees + slippage, in and out−$44spread needed0.440%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:NBIS | 234.46 | 0.0180 | pay 0.0022% / 1h | 33m 56s | $10.3M | $2.9M | 10x |
| Short | Polymarket Perps NBIS-USD | 234.62 | 0.0050 | get 0.0006% / 1h | 33m 56s | $125K | $508K | 10x |
Entropy io:NBIS
Polymarket Perps NBIS-USDPrice 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
- $6.82
- Funding while held
- −$3.9
- Slippage, 4 orders
- −$18
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$41.07
- Spread needed to break even
- 0.440%
Slippage from Entropy: live order book, 4 min ago; Polymarket Perps: live order book, 15 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0130%
- Per $10,000 a day
- −$3.90
- 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, 4 min ago | 1.92 bp | 15.5 bp −$15 | 25.0 bp −$250 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 15 min ago | 2.60 bp | 7.3 bp −$7 | 8.5 bp −$85 | 32.6 bp −$3,264 | doesn't fit |
NBIS price on every exchange
against the cheapest. Click to use as the short leg.Phoenix233.95cheapestKraken Futures234.44+0.210%
Phoenix
Kraken FuturesEntropy234.46+0.218%
edgeX234.48+0.226%Deribit234.49+0.231%Phemex234.51+0.239%Arcus234.55+0.256%Orderly234.56+0.261%SoDEX234.58+0.269%KuCoin234.60+0.278%Lighter234.62+0.286%
Deribit
Phemex
Arcus
Orderly
SoDEX
KuCoin
LighterPolymarket Perps234.62+0.286%
SunX234.62+0.286%Aster234.64+0.295%Ondo Perps234.67+0.308%Nado234.68+0.312%Gate234.69+0.316%Aevo234.69+0.318%Extended234.71+0.324%tradeXYZ234.71+0.325%QFEX234.72+0.329%Bybit234.73+0.333%OKX234.76+0.346%Bitget234.77+0.351%Binance234.78+0.354%BloFin234.87+0.393%Variational Omni234.89+0.401%HTX234.94+0.423%Coinbase International234.99+0.445%Vest235.13+0.504%
SunX
Aster
Ondo Perps
Nado
Gate
Aevo
Extended
tradeXYZ
QFEX
Bybit
OKX
Bitget
Binance
BloFin
Variational Omni
HTX
Coinbase International
VestNBIS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix NBIS | −0.218% | +0.0279% | 1h | $7K | $159K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | −0.008% | +0.0022% | 1h | $25K | $12K | 20x | as long as short |
| Entropy io:NBISlong | 0.000% | +0.0180% | 1h | $10.3M | $2.9M | 10x | |
| edgeX NBISUSDC | +0.008% | +0.0219% | 4h | $38K | $236K | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.013% | 0.0000% | 1h | $35K | $84K | 10x | as long as short |
| Phemex NBISUSDT | +0.021% | 0.0000% | 8h | $1.6M | $777K | 10x | as long as short |
| Arcus NBIS-USD | +0.038% | +0.0040% | 1h | $40K | $81K | 5x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.043% | +0.0100% | 8h | $2K | $4K | 10x | as long as short |
| SoDEX NBIS-USD | +0.051% | +0.0050% | 1h | $66 | $20K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.060% | +0.0100% | 8h | $500K | $18K | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter NBIS | +0.068% | +0.0104% | 1h | $1.0M | $4.0M | 10x | as long as short |
| Polymarket Perps NBIS-USDshort | +0.068% | +0.0050% | 1h | $125K | $508K | 10x | |
| SunX NBIS-USDT | +0.068% | 0.0000% | 8h | $894 | $1.6M | 10x | as long as short |
| Aster NBISUSDT | +0.077% | +0.0159% | 8h | $96K | $169K | 50x | as long as short |
| Ondo Perps NBIS-USD.P | +0.090% | +0.0050% | 1h | $155K | $453K | 10x | as long as short |
| Nado NBIS-PERP | +0.094% | +0.0192% | 1h | $30K | $65K | 3x | as long as short |
| Gate NBIS_USDT | +0.098% | 0.0000% | 8h | $3.0M | $4.0M | 50x | as long as short |
| Aevo NBIS-PERP | +0.100% | +0.0104% | 1h | — | — | 10x | as long as short |
| Extended NBIS-USD | +0.106% | +0.0056% | 1h | $171K | $693K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.107% | +0.0074% | 1h | $55.2M | $18.9M | 10x | as long as short |
| QFEX NBIS-USD | +0.111% | +0.0036% | 1h | $1.3M | $4.1M | 10x | as long as short |
| Bybit NBISUSDT | +0.115% | +0.0041% | 8h | $5.3M | $4.8M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | +0.128% | +0.0024% | 8h | $3.5M | $13.2M | 25x | as long as short |
| Bitget NBISUSDT | +0.132% | 0.0000% | 8h | $2.4M | $3.5M | 20x | as long as short |
| Binance NBISUSDT | +0.135% | +0.0052% | 8h | $21.7M | $61.5M | 25x | as long as short |
| BloFin NBIS-USDT | +0.175% | +0.0072% | 8h | $215K | $190K | 20x | as long as short |
| Variational Omni NBIS | +0.182% | +0.0050% | 8h | $2.8M | $765K | — | as long as short |
| HTX NBIS-USDT | +0.205% | 0.0000% | 8h | $18K | $109K | 20x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.226% | +0.0528% | 1h | $360K | $494K | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.286% | +0.0046% | 1h | — | $131K | 5x | as long as short |