After costs, if the gap returns to its 7d average, $10k−$33
spread now−0.009%7d average−0.024%fees + slippage, in and out−$34spread needed0.343%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NBIS | 233.22 | 0.0144 | pay 0.0018% / 1h | 44m 50s | $1.0M | $4.3M | 10x |
| Short | Bybit NBISUSDT | 233.20 | 0 | get 0.0000% / 8h | 6h 44m | $5.2M | $5.6M | 50x |
Lighter NBIS
Bybit NBISUSDTPrice 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
- −$0.86
- Funding while held
- −$4.32
- Slippage, 4 orders
- −$23.32
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$39.5
- Spread needed to break even
- 0.343%
Slippage from Lighter: live order book, 4 min ago; Bybit: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0144%
- Per $10,000 a day
- −$4.32
- 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 Lighter live order book, 4 min ago | 1.07 bp | 1.1 bp −$1 | 3.3 bp −$33 | 69.7 bp −$6,970 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.28 bp | 14.2 bp −$14 | 42.7 bp −$427 | 242.7 bp −$24.3K | doesn't fit |
NBIS price on every exchange
against the cheapest. Click to use as the short leg.Nado232.85cheapestArcus232.87+0.007%Kraken Futures232.94+0.038%Polymarket Perps232.99+0.059%QFEX233.00+0.063%Aevo233.02+0.071%Ondo Perps233.02+0.072%Deribit233.02+0.072%Orderly233.05+0.085%KuCoin233.06+0.089%SoDEX233.06+0.089%BloFin233.06+0.089%Aster233.07+0.094%Extended233.07+0.095%SunX233.08+0.098%Gate233.09+0.102%Phemex233.14+0.123%Binance233.16+0.132%tradeXYZ233.17+0.136%Bitget233.19+0.145%
Nado
Arcus
Kraken Futures
Polymarket Perps
QFEX
Aevo
Ondo Perps
Deribit
Orderly
KuCoin
SoDEX
BloFin
Aster
Extended
SunX
Gate
Phemex
Binance
tradeXYZ
BitgetBybit233.20+0.149%
Lighter233.22+0.158%
OKX233.23+0.162%Entropy233.29+0.188%Coinbase International233.33+0.205%Vest233.40+0.235%Variational Omni233.43+0.249%HTX233.52+0.287%edgeX233.56+0.302%Phoenix233.77+0.394%
OKX
Entropy
Coinbase International
Vest
Variational Omni
HTX
PhoenixNBIS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado NBIS-PERP | −0.157% | +0.0230% | 1h | $29K | $65K | 3x | as long as short |
| Arcus NBIS-USD | −0.150% | +0.0040% | 1h | $41K | $93K | 5x | as long as short |
| Kraken Futures PF_NBISUSD | −0.120% | −0.0163% | 1h | $25K | $13K | 20x | as long as short |
| Polymarket Perps NBIS-USD | −0.099% | +0.0050% | 1h | $128K | $520K | 10x | as long as short |
| QFEX NBIS-USD | −0.094% | +0.0042% | 1h | $1.3M | $4.4M | 10x | as long as short |
| Aevo NBIS-PERP | −0.087% | +0.0104% | 1h | — | — | 10x | as long as short |
| Ondo Perps NBIS-USD.P | −0.086% | +0.0050% | 1h | $156K | $474K | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | −0.086% | 0.0000% | 1h | $36K | $88K | 10x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | −0.073% | +0.0100% | 8h | $2K | $4K | 10x | as long as short |
| KuCoin NBISUSDTM | −0.069% | +0.0100% | 8h | $497K | $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 | −0.069% | +0.0050% | 1h | $89 | $20K | 10x | as long as short |
| BloFin NBIS-USDT | −0.069% | +0.0034% | 8h | $214K | $198K | 20x | as long as short |
| Aster NBISUSDT | −0.064% | +0.0142% | 8h | $103K | $212K | 50x | as long as short |
| Extended NBIS-USD | −0.062% | +0.0032% | 1h | $160K | $673K | 10x | as long as short |
| SunX NBIS-USDT | −0.060% | 0.0000% | 8h | $1K | $1.7M | 10x | as long as short |
| Gate NBIS_USDT | −0.056% | 0.0000% | 8h | $2.9M | $4.6M | 50x | as long as short |
| Phemex NBISUSDT | −0.034% | 0.0000% | 8h | $1.6M | $823K | 10x | as long as short |
| Binance NBISUSDT | −0.025% | +0.0030% | 8h | $21.3M | $71.1M | 25x | as long as short |
| tradeXYZ xyz:NBIS | −0.021% | +0.0050% | 1h | $54.0M | $20.1M | 10x | as long as short |
| Bitget NBISUSDT | −0.013% | 0.0000% | 8h | $2.6M | $4.3M | 20x | as long as short |
| Bybit NBISUSDTshort | −0.009% | 0.0000% | 8h | $5.2M | $5.6M | 50x | |
| Lighter NBISlong | 0.000% | +0.0144% | 1h | $1.0M | $4.3M | 10x | |
| OKX NBIS-USDT-SWAP | +0.004% | 0.0000% | 8h | $3.5M | $15.0M | 25x | as long as short |
| Entropy io:NBIS | +0.030% | +0.0224% | 1h | $10.2M | $3.1M | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.047% | +0.0272% | 1h | $369K | $538K | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.077% | +0.0046% | 1h | — | $134K | 5x | as long as short |
| Variational Omni NBIS | +0.091% | 0.0000% | 8h | $2.8M | $795K | — | as long as short |
| HTX NBIS-USDT | +0.129% | 0.0000% | 8h | $18K | $109K | 20x | as long as short |
| edgeX NBISUSDC | +0.144% | +0.0944% | 4h | $37K | $237K | 10x | as long as short |
| Phoenix NBIS | +0.236% | +0.0274% | 1h | $7K | $173K | 10x | as long as short |