data as of
Settings8H · net · $10k
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Price arb /

NBIS

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$52
spread now−0.175%7d average+0.034%fees + slippage, in and out−$31spread needed0.313%
Long on LighterShort on Coinbase International
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter NBIS233.740.0152pay 0.0019% / 1h27m 23s$1.0M$4.3M10x
ShortCoinbase International NBIS-PERP-INTX233.330.0272get 0.0034% / 1h27m 23s$369K$538K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$17.54
Funding while held
$3.6
Slippage, 4 orders
−$21.33
Fee Lighter: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$45.27
Spread needed to break even
0.313%
Slippage from Lighter: live order book, 7 min ago; Coinbase International: live order book, 12 min ago.

Cost of waiting

funding view
Funding /8h
+0.0120%
Per $10,000 a day
+$3.60
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 7 min ago0.64 bp0.6 bp −$12.2 bp −$2244.6 bp −$4,461doesn't fit
Sell Coinbase International live order book, 12 min ago9.45 bp14.5 bp −$1517.7 bp −$177doesn't fitdoesn't fit

NBIS price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni233.30cheapest
Coinbase International233.33+0.014%
Kraken Futures233.33+0.015%Nado233.34+0.016%Deribit233.43+0.057%Aevo233.47+0.073%Orderly233.47+0.074%BloFin233.47+0.074%Entropy233.48+0.078%Aster233.49+0.083%edgeX233.49+0.084%SoDEX233.50+0.087%Arcus233.52+0.095%KuCoin233.52+0.095%Ondo Perps233.53+0.100%Phemex233.55+0.108%SunX233.57+0.117%OKX233.58+0.121%Gate233.60+0.130%HTX233.61+0.134%Extended233.62+0.139%Binance233.64+0.147%QFEX233.65+0.151%Bitget233.65+0.151%Polymarket Perps233.67+0.160%Phoenix233.68+0.164%Bybit233.71+0.177%
Lighter233.74+0.190%
tradeXYZ233.77+0.202%Vest233.89+0.254%

NBIS on 30 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni NBIS−0.189%0.0000%8h$2.8M$791K—as long as short
Coinbase International NBIS-PERP-INTXshort−0.175%+0.0272%1h$369K$538K10x
Kraken Futures PF_NBISUSD−0.174%−0.0163%1h$25K$10K20xas long as short
Nado NBIS-PERP−0.173%+0.0198%1h$29K$65K3xas long as short
Deribit NBIS_USDC-PERPETUAL−0.133%+0.0179%1h$36K$88K10xas long as short
Aevo NBIS-PERP−0.116%+0.0104%1h——10xas long as short
Orderly PERP_NBIS_USDC_mythos−0.116%+0.0100%8h$2K$4K10xas long as short
BloFin NBIS-USDT−0.116%+0.0032%8h$214K$199K20xas long as short
Entropy io:NBIS−0.111%+0.0185%1h$10.2M$3.2M10xas long as short
Aster NBISUSDT−0.106%+0.0135%8h$103K$218K50xas long as short
Show all 30 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX NBISUSDC−0.105%+0.0403%4h$37K$236K10xas long as short
SoDEX NBIS-USD−0.103%+0.0050%1h$112$20K10xas long as short
Arcus NBIS-USD−0.094%+0.0040%1h$41K$93K5xas long as short
KuCoin NBISUSDTM−0.094%+0.0100%8h$498K$19K20xas long as short
Ondo Perps NBIS-USD.P−0.090%+0.0050%1h$156K$476K10xas long as short
Phemex NBISUSDT−0.081%0.0000%8h$1.6M$829K10xas long as short
SunX NBIS-USDT−0.073%0.0000%8h$1K$1.7M10xas long as short
OKX NBIS-USDT-SWAP−0.068%0.0000%8h$3.5M$15.2M25xas long as short
Gate NBIS_USDT−0.060%0.0000%8h$2.9M$4.6M50xas long as short
HTX NBIS-USDT−0.056%0.0000%8h$18K$109K20xas long as short
Extended NBIS-USD−0.050%+0.0024%1h$160K$673K10xas long as short
Binance NBISUSDT−0.043%+0.0025%8h$21.0M$72.2M25xas long as short
QFEX NBIS-USD−0.039%+0.0042%1h$1.3M$4.4M10xas long as short
Bitget NBISUSDT−0.039%0.0000%8h$2.6M$4.3M20xas long as short
Polymarket Perps NBIS-USD−0.030%+0.0050%1h$129K$520K10xas long as short
Phoenix NBIS−0.026%+0.0274%1h$7K$173K10xas long as short
Bybit NBISUSDT−0.013%0.0000%8h$5.2M$5.7M50xas long as short
Lighter NBISlong0.000%+0.0152%1h$1.0M$4.3M10x
tradeXYZ xyz:NBIS+0.013%+0.0050%1h$54.2M$20.3M10xas long as short
Vest NBIS-USD-PERP+0.064%+0.0046%1h—$141K5xas long as short