After costs, if the gap returns to its 7d average, $10k−$33
spread now−0.025%7d average+0.006%fees + slippage, in and out−$30spread needed0.300%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NBIS | 236.89 | 0.0312 | pay 0.0039% / 1h | 21m 29s | $1.0M | $4.4M | 10x |
| Short | Entropy io:NBIS | 236.83 | 0.0286 | get 0.0036% / 1h | 21m 29s | $10.4M | $3.2M | 10x |
Lighter NBIS
Entropy io: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
- −$2.53
- Funding while held
- −$0.77
- Slippage, 4 orders
- −$11.97
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$33.28
- Spread needed to break even
- 0.300%
Slippage from Lighter: live order book, 3 min ago; Entropy: live order book, 7 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0026%
- Per $10,000 a day
- −$0.77
- 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, 3 min ago | 1.48 bp | 2.7 bp −$3 | 8.0 bp −$80 | 79.0 bp −$7,902 | doesn't fit |
| Sell Entropy live order book, 7 min ago | 1.48 bp | 11.3 bp −$11 | 15.7 bp −$157 | doesn't fit | doesn't fit |
NBIS price on every exchange
against the cheapest. Click to use as the short leg.Arcus236.56cheapestExtended236.62+0.025%KuCoin236.62+0.025%Kraken Futures236.64+0.034%QFEX236.67+0.046%Aster236.72+0.070%Gate236.75+0.080%Variational Omni236.76+0.083%Ondo Perps236.78+0.093%Bitget236.79+0.097%Deribit236.79+0.097%Orderly236.81+0.106%Binance236.82+0.109%Aevo236.82+0.110%
Arcus
Extended
KuCoin
Kraken Futures
QFEX
Aster
Gate
Variational Omni
Ondo Perps
Bitget
Deribit
Orderly
Binance
AevoEntropy236.83+0.114%
SoDEX236.85+0.123%tradeXYZ236.86+0.127%Polymarket Perps236.86+0.127%Coinbase International236.86+0.127%
SoDEX
tradeXYZ
Polymarket Perps
Coinbase InternationalLighter236.89+0.139%
Bybit236.89+0.139%Phemex236.91+0.148%OKX236.95+0.165%Phoenix236.99+0.182%Nado237.04+0.202%edgeX237.06+0.212%SunX237.07+0.216%BloFin237.07+0.216%Vest237.13+0.241%HTX237.16+0.254%
Bybit
Phemex
OKX
Phoenix
Nado
SunX
BloFin
Vest
HTXNBIS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Arcus NBIS-USD | −0.139% | +0.0040% | 1h | $41K | $93K | 5x | as long as short |
| Extended NBIS-USD | −0.114% | 0.0000% | 1h | $139K | $697K | 10x | as long as short |
| KuCoin NBISUSDTM | −0.114% | +0.0100% | 8h | $499K | $21K | 20x | as long as short |
| Kraken Futures PF_NBISUSD | −0.105% | −0.0084% | 1h | $25K | $11K | 20x | as long as short |
| QFEX NBIS-USD | −0.093% | +0.0037% | 1h | $1.3M | $4.7M | 10x | as long as short |
| Aster NBISUSDT | −0.070% | +0.0104% | 8h | $107K | $243K | 50x | as long as short |
| Gate NBIS_USDT | −0.059% | 0.0000% | 8h | $3.0M | $4.8M | 50x | as long as short |
| Variational Omni NBIS | −0.057% | 0.0000% | 8h | $2.9M | $920K | — | as long as short |
| Ondo Perps NBIS-USD.P | −0.046% | +0.0050% | 1h | $159K | $486K | 10x | as long as short |
| Bitget NBISUSDT | −0.042% | 0.0000% | 8h | $2.6M | $4.4M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit NBIS_USDC-PERPETUAL | −0.042% | 0.0000% | 1h | $36K | $88K | 10x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | −0.034% | +0.0100% | 8h | $2K | $4K | 10x | as long as short |
| Binance NBISUSDT | −0.031% | 0.0000% | 8h | $21.5M | $76.7M | 25x | as long as short |
| Aevo NBIS-PERP | −0.029% | +0.0104% | 1h | — | — | 10x | as long as short |
| Entropy io:NBISshort | −0.025% | +0.0286% | 1h | $10.4M | $3.2M | 10x | |
| SoDEX NBIS-USD | −0.017% | +0.0050% | 1h | $90 | $20K | 10x | as long as short |
| tradeXYZ xyz:NBIS | −0.013% | +0.0199% | 1h | $55.1M | $20.9M | 10x | as long as short |
| Polymarket Perps NBIS-USD | −0.013% | +0.0050% | 1h | $129K | $532K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | −0.013% | +0.0120% | 1h | $373K | $651K | 10x | as long as short |
| Lighter NBISlong | 0.000% | +0.0312% | 1h | $1.0M | $4.4M | 10x | |
| Bybit NBISUSDT | 0.000% | 0.0000% | 8h | $5.3M | $5.8M | 50x | as long as short |
| Phemex NBISUSDT | +0.008% | 0.0000% | 8h | $1.6M | $869K | 10x | as long as short |
| OKX NBIS-USDT-SWAP | +0.025% | 0.0000% | 8h | $3.6M | $16.0M | 25x | as long as short |
| Phoenix NBIS | +0.042% | +0.0270% | 1h | $7K | $178K | 10x | as long as short |
| Nado NBIS-PERP | +0.063% | +0.0207% | 1h | $30K | $65K | 3x | as long as short |
| edgeX NBISUSDC | +0.072% | +0.0150% | 4h | $38K | $237K | 10x | as long as short |
| SunX NBIS-USDT | +0.076% | 0.0000% | 8h | $1K | $1.8M | 10x | as long as short |
| BloFin NBIS-USDT | +0.076% | +0.0002% | 8h | $216K | $214K | 20x | as long as short |
| Vest NBIS-USD-PERP | +0.101% | +0.0046% | 1h | — | $208K | 5x | as long as short |
| HTX NBIS-USDT | +0.114% | 0.0000% | 8h | $15K | $115K | 20x | as long as short |