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−$16
spread now−0.025%7d average−0.071%fees + slippage, in and out−$21spread needed0.206%
Long on LighterShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter NBIS236.990.0320pay 0.0040% / 1h21m 50s$1.0M$4.4M10x
ShortPolymarket Perps NBIS-USD236.930.0050get 0.0006% / 1h21m 50s$129K$532K10x

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
−$2.53
Funding while held
−$8.1
Slippage, 4 orders
−$12.63
Fee Lighter: 0 bp × 2 orders
$0
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$31.27
Spread needed to break even
0.206%
Slippage from Lighter: live order book, 2 min ago; Polymarket Perps: live order book, 12 min ago.

Cost of waiting

funding view
Funding /8h
−0.0270%
Per $10,000 a day
−$8.10
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, 2 min ago1.48 bp2.7 bp −$38.0 bp −$8079.0 bp −$7,902doesn't fit
Sell Polymarket Perps live order book, 12 min ago2.32 bp7.1 bp −$78.4 bp −$8438.3 bp −$3,833doesn't fit

NBIS price on every exchange

against the cheapest. Click to use as the short leg.
Kraken Futures236.64cheapestOndo Perps236.65+0.004%Bitget236.73+0.038%KuCoin236.75+0.046%Variational Omni236.76+0.049%Binance236.78+0.059%Arcus236.78+0.059%Deribit236.79+0.063%Extended236.79+0.063%tradeXYZ236.80+0.067%Gate236.80+0.067%OKX236.82+0.076%Aevo236.82+0.076%Entropy236.83+0.080%Bybit236.84+0.084%SoDEX236.85+0.089%Orderly236.86+0.093%Coinbase International236.86+0.093%Aster236.89+0.105%QFEX236.90+0.110%Phemex236.91+0.114%
Polymarket Perps236.93+0.122%
Lighter236.99+0.148%
Nado237.04+0.168%Phoenix237.04+0.169%edgeX237.06+0.178%SunX237.07+0.182%BloFin237.07+0.182%HTX237.16+0.220%Vest237.25+0.258%

NBIS on 30 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_NBISUSD−0.148%−0.0084%1h$25K$11K20xas long as short
Ondo Perps NBIS-USD.P−0.143%+0.0050%1h$159K$486K10xas long as short
Bitget NBISUSDT−0.110%0.0000%8h$2.6M$4.4M20xas long as short
KuCoin NBISUSDTM−0.101%+0.0100%8h$499K$21K20xas long as short
Variational Omni NBIS−0.099%0.0000%8h$2.9M$920K—as long as short
Binance NBISUSDT−0.089%0.0000%8h$21.5M$76.6M25xas long as short
Arcus NBIS-USD−0.089%+0.0040%1h$41K$93K5xas long as short
Deribit NBIS_USDC-PERPETUAL−0.084%0.0000%1h$36K$88K10xas long as short
Extended NBIS-USD−0.084%0.0000%1h$139K$697K10xas long as short
tradeXYZ xyz:NBIS−0.080%+0.0197%1h$55.1M$20.8M10xas long as short
Show all 30 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate NBIS_USDT−0.080%0.0000%8h$3.0M$4.8M50xas long as short
OKX NBIS-USDT-SWAP−0.072%0.0000%8h$3.5M$16.0M25xas long as short
Aevo NBIS-PERP−0.071%+0.0104%1h——10xas long as short
Entropy io:NBIS−0.068%+0.0286%1h$10.4M$3.2M10xas long as short
Bybit NBISUSDT−0.063%0.0000%8h$5.3M$5.8M50xas long as short
SoDEX NBIS-USD−0.059%+0.0050%1h$90$20K10xas long as short
Orderly PERP_NBIS_USDC_mythos−0.055%+0.0100%8h$2K$4K10xas long as short
Coinbase International NBIS-PERP-INTX−0.055%+0.0120%1h$373K$651K10xas long as short
Aster NBISUSDT−0.042%+0.0107%8h$107K$243K50xas long as short
QFEX NBIS-USD−0.038%+0.0037%1h$1.3M$4.6M10xas long as short
Phemex NBISUSDT−0.034%0.0000%8h$1.6M$869K10xas long as short
Polymarket Perps NBIS-USDshort−0.025%+0.0050%1h$129K$532K10x
Lighter NBISlong0.000%+0.0320%1h$1.0M$4.4M10x
Nado NBIS-PERP+0.021%+0.0207%1h$30K$65K3xas long as short
Phoenix NBIS+0.021%+0.0270%1h$7K$178K10xas long as short
edgeX NBISUSDC+0.030%+0.0150%4h$38K$237K10xas long as short
SunX NBIS-USDT+0.034%0.0000%8h$1K$1.8M10xas long as short
BloFin NBIS-USDT+0.034%+0.0002%8h$216K$214K20xas long as short
HTX NBIS-USDT+0.072%0.0000%8h$15K$115K20xas long as short
Vest NBIS-USD-PERP+0.110%+0.0046%1h—$208K5xas long as short