Spread before costs (cost unknown: a leg has no order-book sample)−0.322%
7d average—if it closes, per $10,000$32funding while held, a day+$7.52
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_NBISUSD | 223.58 | 0.0165 | pay 0.0021% / 1h | 26m 49s | $25K | $10K | 20x |
| Short | Lighter NBIS | 222.86 | 0.0416 | get 0.0052% / 1h | 26m 49s | $1.6M | $2.3M | 10x |
Kraken Futures PF_NBISUSD
Lighter 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
- −$32.17
- Funding while held
- $7.52
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$34.65
- Spread needed to break even
- 0.100%
Slippage unknown: Kraken Futures: no order-book sample; Lighter: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0251%
- Per $10,000 a day
- +$7.52
- 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 Lighter live order book, 2 min ago | 17.79 bp | 17.8 bp −$18 | 53.9 bp −$539 | doesn't fit | 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.Extended222.47cheapestCoinbase International222.55+0.037%Deribit222.73+0.118%Aster222.80+0.147%
Extended
Coinbase International
Deribit
AsterLighter222.86+0.176%
SoDEX222.87+0.180%BloFin222.91+0.198%Ondo Perps222.98+0.230%Phemex222.98+0.230%Binance223.01+0.242%SunX223.05+0.261%Aevo223.13+0.296%Gate223.15+0.306%Arcus223.17+0.315%Orderly223.23+0.342%Bybit223.27+0.360%
SoDEX
BloFin
Ondo Perps
Phemex
Binance
SunX
Aevo
Gate
Arcus
Orderly
BybitKraken Futures223.58+0.499%
QFEX223.61+0.513%Bitget223.62+0.518%Polymarket Perps223.62+0.518%OKX223.95+0.666%Vest223.98+0.679%tradeXYZ224.20+0.778%KuCoin224.50+0.913%Nado224.96+1.121%edgeX225.23+1.240%Phoenix225.23+1.241%Entropy225.45+1.340%HTX225.69+1.448%Variational Omni225.98+1.577%
QFEX
Bitget
Polymarket Perps
OKX
Vest
tradeXYZ
KuCoin
Nado
Phoenix
Entropy
HTX
Variational OmniNBIS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended NBIS-USD | −0.497% | 0.0000% | 1h | $168K | $689K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | −0.460% | +0.0432% | 1h | $361K | $182K | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | −0.380% | −0.0064% | 1h | $29K | $54K | 10x | as long as short |
| Aster NBISUSDT | −0.350% | 0.0000% | 8h | $67K | $69K | 50x | as long as short |
| Lighter NBISshort | −0.322% | +0.0416% | 1h | $1.6M | $2.3M | 10x | |
| SoDEX NBIS-USD | −0.317% | +0.0050% | 1h | $94 | $20K | 10x | as long as short |
| BloFin NBIS-USDT | −0.299% | +0.0028% | 8h | $198K | $134K | 20x | as long as short |
| Ondo Perps NBIS-USD.P | −0.268% | +0.0050% | 1h | $157K | $252K | 10x | as long as short |
| Phemex NBISUSDT | −0.268% | 0.0000% | 8h | $1.5M | $710K | 10x | as long as short |
| Binance NBISUSDT | −0.255% | +0.0003% | 8h | $20.7M | $33.6M | 25x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX NBIS-USDT | −0.237% | 0.0000% | 8h | $957 | $825K | 10x | as long as short |
| Aevo NBIS-PERP | −0.202% | +0.0104% | 1h | — | — | 10x | as long as short |
| Gate NBIS_USDT | −0.192% | 0.0000% | 8h | $3.3M | $2.4M | 50x | as long as short |
| Arcus NBIS-USD | −0.183% | +0.0293% | 1h | $35K | $29K | 5x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | −0.156% | +0.0100% | 8h | $1K | $3K | 10x | as long as short |
| Bybit NBISUSDT | −0.138% | +0.0143% | 8h | $5.2M | $3.0M | 50x | as long as short |
| Kraken Futures PF_NBISUSDlong | 0.000% | +0.0165% | 1h | $25K | $10K | 20x | |
| QFEX NBIS-USD | +0.014% | +0.0061% | 1h | $1.3M | $3.6M | 10x | as long as short |
| Bitget NBISUSDT | +0.018% | 0.0000% | 8h | $2.4M | $2.5M | 20x | as long as short |
| Polymarket Perps NBIS-USD | +0.018% | +0.0050% | 1h | $122K | $463K | 10x | as long as short |
| OKX NBIS-USDT-SWAP | +0.166% | +0.0088% | 8h | $3.1M | $6.5M | 25x | as long as short |
| Vest NBIS-USD-PERP | +0.179% | +0.0046% | 1h | — | $45K | 5x | as long as short |
| tradeXYZ xyz:NBIS | +0.278% | +0.0298% | 1h | $53.7M | $14.3M | 10x | as long as short |
| KuCoin NBISUSDTM | +0.412% | +0.0100% | 8h | $472K | $12K | 20x | as long as short |
| Nado NBIS-PERP | +0.619% | +0.0265% | 1h | $29K | $64K | 3x | as long as short |
| edgeX NBISUSDC | +0.737% | +0.0360% | 4h | $36K | $231K | 10x | as long as short |
| Phoenix NBIS | +0.738% | +0.0425% | 1h | $7K | $94K | 10x | as long as short |
| Entropy io:NBIS | +0.837% | +0.0788% | 1h | $9.9M | $2.2M | 10x | as long as short |
| HTX NBIS-USDT | +0.944% | 0.0000% | 8h | $34K | $64K | 20x | as long as short |
| Variational Omni NBIS | +1.072% | 0.0000% | 8h | $2.7M | $630K | — | as long as short |