Spread before costs (cost unknown: a leg has no order-book sample)−0.025%
7d average—if it closes, per $10,000$2funding while held, a day+$8.69
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_NBISUSD | 236.57 | −0.0084 | get 0.0010% / 1h | 2m 28s | $25K | $11K | 20x |
| Short | Nado NBIS-PERP | 236.51 | 0.0206 | get 0.0026% / 1h | 2m 28s | $30K | $65K | 3x |
Kraken Futures PF_NBISUSD
Nado NBIS-PERPPrice 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
- −$2.48
- Funding while held
- $8.69
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$10.78
- Spread needed to break even
- 0.170%
Slippage unknown: Kraken Futures: no order-book sample; Nado: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0290%
- Per $10,000 a day
- +$8.69
- 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 Nado no order-book sample | — | — | — | — | — |
Kraken Futures and Nado: 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.Arcus236.00cheapestBitget236.10+0.042%QFEX236.11+0.047%KuCoin236.13+0.055%Extended236.18+0.074%Gate236.20+0.085%Bybit236.21+0.089%Binance236.23+0.097%Aster236.23+0.098%tradeXYZ236.26+0.110%OKX236.28+0.119%SoDEX236.33+0.140%Lighter236.38+0.161%Variational Omni236.44+0.188%Ondo Perps236.46+0.195%Aevo236.49+0.209%Entropy236.50+0.212%edgeX236.50+0.213%
Arcus
Bitget
QFEX
KuCoin
Extended
Gate
Bybit
Binance
Aster
tradeXYZ
OKX
SoDEX
Lighter
Variational Omni
Ondo Perps
Aevo
EntropyNado236.51+0.216%
Orderly236.54+0.229%Deribit236.56+0.237%
Orderly
DeribitKraken Futures236.57+0.241%
SunX236.57+0.242%Phoenix236.58+0.246%HTX236.61+0.258%BloFin236.61+0.258%Phemex236.62+0.263%Polymarket Perps236.70+0.297%Vest236.92+0.390%Coinbase International237.62+0.686%
SunX
Phoenix
HTX
BloFin
Phemex
Polymarket Perps
Vest
Coinbase InternationalNBIS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Arcus NBIS-USD | −0.241% | +0.0040% | 1h | $41K | $117K | 5x | as long as short |
| Bitget NBISUSDT | −0.198% | 0.0000% | 8h | $2.5M | $4.5M | 20x | as long as short |
| QFEX NBIS-USD | −0.194% | +0.0037% | 1h | $1.4M | $4.8M | 10x | as long as short |
| KuCoin NBISUSDTM | −0.186% | +0.0100% | 8h | $498K | $21K | 20x | as long as short |
| Extended NBIS-USD | −0.167% | 0.0000% | 1h | $143K | $701K | 10x | as long as short |
| Gate NBIS_USDT | −0.156% | 0.0000% | 8h | $3.0M | $4.8M | 50x | as long as short |
| Bybit NBISUSDT | −0.152% | 0.0000% | 8h | $5.3M | $5.9M | 50x | as long as short |
| Binance NBISUSDT | −0.144% | 0.0000% | 8h | $21.1M | $78.0M | 25x | as long as short |
| Aster NBISUSDT | −0.143% | +0.0076% | 8h | $111K | $251K | 50x | as long as short |
| tradeXYZ xyz:NBIS | −0.131% | +0.0206% | 1h | $55.2M | $21.0M | 10x | as long as short |