Spread before costs (cost unknown: a leg has no order-book sample)+0.063%
7d average—if it closes, per $10,000$6funding while held, a day+$4.90
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_NBISUSD | 233.33 | −0.0163 | get 0.0020% / 1h | 28m 03s | $25K | $10K | 20x |
| Short | Gate NBIS_USDT | 233.48 | 0 | get 0.0000% / 8h | 6h 28m | $2.9M | $4.6M | 50x |
Kraken Futures PF_NBISUSD
Gate NBIS_USDTPrice 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
- $6.31
- Funding while held
- $4.9
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$13.79
- Spread needed to break even
- 0.250%
Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0163%
- Per $10,000 a day
- +$4.90
- 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 2 min ago | 2.79 bp | 16.4 bp −$16 | 40.0 bp −$400 | 229.3 bp −$22.9K | doesn't fit |
Kraken Futures: 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.Variational Omni233.30cheapestCoinbase International233.33+0.014%
Variational Omni
Coinbase InternationalKraken Futures233.33+0.015%
Nado233.34+0.016%KuCoin233.41+0.048%Aster233.41+0.049%Arcus233.43+0.057%Deribit233.43+0.057%Aevo233.47+0.073%Bitget233.47+0.074%Orderly233.47+0.074%BloFin233.47+0.074%
Nado
KuCoin
Aster
Arcus
Deribit
Aevo
Bitget
Orderly
BloFinGate233.48+0.078%
Polymarket Perps233.49+0.082%Entropy233.50+0.087%SoDEX233.50+0.087%tradeXYZ233.52+0.095%Extended233.53+0.098%Ondo Perps233.53+0.100%Lighter233.54+0.104%OKX233.54+0.104%QFEX233.54+0.104%Phemex233.55+0.108%Binance233.56+0.112%SunX233.57+0.117%Bybit233.58+0.121%HTX233.61+0.134%Phoenix233.65+0.151%Vest233.75+0.194%edgeX233.86+0.241%
Polymarket Perps
Entropy
SoDEX
tradeXYZ
Extended
Ondo Perps
Lighter
OKX
QFEX
Phemex
Binance
SunX
Bybit
HTX
Phoenix
VestNBIS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni NBIS | −0.015% | 0.0000% | 8h | $2.8M | $791K | — | as long as short |
| Coinbase International NBIS-PERP-INTX | −0.001% | +0.0272% | 1h | $369K | $538K | 10x | as long as short |
| Kraken Futures PF_NBISUSDlong | 0.000% | −0.0163% | 1h | $25K | $10K | 20x | |
| Nado NBIS-PERP | +0.001% | +0.0198% | 1h | $29K | $65K | 3x | as long as short |
| KuCoin NBISUSDTM | +0.033% | +0.0100% | 8h | $498K | $19K | 20x | as long as short |
| Aster NBISUSDT | +0.034% | +0.0135% | 8h | $103K | $218K | 50x | as long as short |
| Arcus NBIS-USD | +0.042% | +0.0040% | 1h | $41K | $93K | 5x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.042% | +0.0179% | 1h | $36K | $88K | 10x | as long as short |
| Aevo NBIS-PERP | +0.058% | +0.0104% | 1h | — | — | 10x | as long as short |
| Bitget NBISUSDT | +0.059% | 0.0000% | 8h | $2.6M | $4.3M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_NBIS_USDC_mythos | +0.059% | +0.0100% | 8h | $2K | $4K | 10x | as long as short |
| BloFin NBIS-USDT | +0.059% | +0.0032% | 8h | $214K | $199K | 20x | as long as short |
| Gate NBIS_USDTshort | +0.063% | 0.0000% | 8h | $2.9M | $4.6M | 50x | |
| Polymarket Perps NBIS-USD | +0.067% | +0.0050% | 1h | $129K | $520K | 10x | as long as short |
| Entropy io:NBIS | +0.072% | +0.0177% | 1h | $10.2M | $3.2M | 10x | as long as short |
| SoDEX NBIS-USD | +0.072% | +0.0050% | 1h | $112 | $20K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.080% | +0.0050% | 1h | $54.1M | $20.3M | 10x | as long as short |
| Extended NBIS-USD | +0.084% | +0.0024% | 1h | $160K | $673K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.085% | +0.0050% | 1h | $156K | $476K | 10x | as long as short |
| Lighter NBIS | +0.089% | +0.0152% | 1h | $1.0M | $4.3M | 10x | as long as short |
| OKX NBIS-USDT-SWAP | +0.089% | 0.0000% | 8h | $3.5M | $15.2M | 25x | as long as short |
| QFEX NBIS-USD | +0.089% | +0.0042% | 1h | $1.3M | $4.4M | 10x | as long as short |
| Phemex NBISUSDT | +0.093% | 0.0000% | 8h | $1.6M | $829K | 10x | as long as short |
| Binance NBISUSDT | +0.097% | +0.0026% | 8h | $21.0M | $72.2M | 25x | as long as short |
| SunX NBIS-USDT | +0.102% | 0.0000% | 8h | $1K | $1.7M | 10x | as long as short |
| Bybit NBISUSDT | +0.106% | 0.0000% | 8h | $5.2M | $5.7M | 50x | as long as short |
| HTX NBIS-USDT | +0.119% | 0.0000% | 8h | $18K | $109K | 20x | as long as short |
| Phoenix NBIS | +0.136% | +0.0274% | 1h | $7K | $173K | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.179% | +0.0046% | 1h | — | $141K | 5x | as long as short |
| edgeX NBISUSDC | +0.226% | +0.0432% | 4h | $38K | $237K | 10x | as long as short |