data as of
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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−$42
spread now−0.026%7d average−0.005%fees + slippage, in and out−$39spread needed0.395%
Long on LighterShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter NBIS232.500.0184pay 0.0023% / 1h39m 26s$1.0M$4.2M10x
ShortGate NBIS_USDT232.440get 0.0000% / 8h7h 39m$2.9M$4.3M50x

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
−$2.58
Funding while held
−$5.52
Slippage, 4 orders
−$24.47
Fee Lighter: 0 bp × 2 orders
$0
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$47.57
Spread needed to break even
0.395%
Slippage from Lighter: live order book, 5 min ago; Gate: live order book, just now.

Cost of waiting

funding view
Funding /8h
−0.0184%
Per $10,000 a day
−$5.52
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, 5 min ago0.86 bp0.9 bp −$13.6 bp −$3666.8 bp −$6,685doesn't fit
Sell Gate live order book, just now1.94 bp17.7 bp −$1863.5 bp −$635263.1 bp −$26.3Kdoesn't fit

NBIS price on every exchange

against the cheapest. Click to use as the short leg.
Kraken Futures232.15cheapestNado232.27+0.049%Arcus232.28+0.055%Deribit232.31+0.068%Aster232.35+0.085%KuCoin232.35+0.086%SoDEX232.36+0.090%Extended232.39+0.101%Aevo232.40+0.109%Bitget232.42+0.116%Orderly232.42+0.116%tradeXYZ232.43+0.120%Polymarket Perps232.43+0.120%
Gate232.44+0.124%
Ondo Perps232.45+0.129%SunX232.46+0.133%BloFin232.46+0.133%Variational Omni232.47+0.138%Bybit232.48+0.142%QFEX232.48+0.142%Binance232.49+0.148%
Lighter232.50+0.150%
edgeX232.51+0.154%Phemex232.53+0.163%Entropy232.60+0.193%OKX232.60+0.193%Vest232.65+0.215%Phoenix232.81+0.284%HTX233.02+0.374%Coinbase International233.69+0.663%

NBIS on 30 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_NBISUSD−0.150%−0.0095%1h$25K$12K20xas long as short
Nado NBIS-PERP−0.101%+0.0267%1h$29K$65K3xas long as short
Arcus NBIS-USD−0.095%+0.0040%1h$39K$82K5xas long as short
Deribit NBIS_USDC-PERPETUAL−0.082%+0.0353%1h$34K$86K10xas long as short
Aster NBISUSDT−0.065%+0.0154%8h$103K$199K50xas long as short
KuCoin NBISUSDTM−0.065%+0.0100%8h$496K$19K20xas long as short
SoDEX NBIS-USD−0.060%+0.0050%1h$79$20K10xas long as short
Extended NBIS-USD−0.049%+0.0048%1h$160K$675K10xas long as short
Aevo NBIS-PERP−0.041%+0.0104%1h——10xas long as short
Bitget NBISUSDT−0.034%0.0000%8h$2.6M$4.0M20xas long as short
Show all 30 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Orderly PERP_NBIS_USDC_mythos−0.034%+0.0100%8h$2K$4K10xas long as short
tradeXYZ xyz:NBIS−0.030%+0.0106%1h$54.4M$19.7M10xas long as short
Polymarket Perps NBIS-USD−0.030%+0.0050%1h$124K$513K10xas long as short
Gate NBIS_USDTshort−0.026%0.0000%8h$2.9M$4.3M50x
Ondo Perps NBIS-USD.P−0.022%+0.0050%1h$155K$463K10xas long as short
SunX NBIS-USDT−0.017%0.0000%8h$1K$1.7M10xas long as short
BloFin NBIS-USDT−0.017%+0.0028%8h$216K$194K20xas long as short
Variational Omni NBIS−0.012%+0.0023%8h$2.8M$781K—as long as short
Bybit NBISUSDT−0.009%0.0000%8h$5.2M$5.2M50xas long as short
QFEX NBIS-USD−0.009%+0.0046%1h$1.3M$4.2M10xas long as short
Binance NBISUSDT−0.003%+0.0048%8h$21.5M$67.1M25xas long as short
Lighter NBISlong0.000%+0.0184%1h$1.0M$4.2M10x
edgeX NBISUSDC+0.004%+0.0446%4h$37K$235K10xas long as short
Phemex NBISUSDT+0.013%0.0000%8h$1.6M$804K10xas long as short
Entropy io:NBIS+0.043%+0.0304%1h$10.2M$3.1M10xas long as short
OKX NBIS-USDT-SWAP+0.043%+0.0004%8h$3.5M$14.2M25xas long as short
Vest NBIS-USD-PERP+0.065%+0.0046%1h—$133K5xas long as short
Phoenix NBIS+0.133%+0.0274%1h$7K$168K10xas long as short
HTX NBIS-USDT+0.224%0.0000%8h$18K$109K20xas long as short
Coinbase International NBIS-PERP-INTX+0.512%+0.0416%1h$371K$539K10xas long as short