Spread before costs (cost unknown: a leg has no order-book sample)+0.029%
7d average—if it closes, per $10,000$3funding while held, a day−$6.15
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado NBIS-PERP | 236.46 | 0.0205 | pay 0.0026% / 1h | 4m 59s | $30K | $65K | 3x |
| Short | Phemex NBISUSDT | 236.53 | 0 | get 0.0000% / 8h | 5h 04m | $1.6M | $880K | 10x |
Nado NBIS-PERP
Phemex 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
- $2.92
- Funding while held
- −$6.15
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$22.23
- Spread needed to break even
- 0.190%
Slippage unknown: Nado: no order-book sample; Phemex: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0205%
- Per $10,000 a day
- −$6.15
- 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 Nado no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 5 min ago | 3.80 bp | 48.5 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
Nado: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
NBIS price on every exchange
against the cheapest. Click to use as the short leg.Bitget236.16cheapestOKX236.25+0.038%Bybit236.27+0.047%Extended236.28+0.049%Binance236.30+0.058%Aster236.39+0.099%KuCoin236.42+0.110%Kraken Futures236.44+0.118%Variational Omni236.44+0.120%Arcus236.45+0.123%Aevo236.45+0.124%Orderly236.46+0.127%
Bitget
OKX
Bybit
Extended
Binance
Aster
KuCoin
Kraken Futures
Variational Omni
Arcus
Aevo
OrderlyNado236.46+0.127%
tradeXYZ236.49+0.140%Deribit236.49+0.140%edgeX236.51+0.147%Ondo Perps236.51+0.148%Gate236.52+0.152%
tradeXYZ
Deribit
Ondo Perps
GatePhemex236.53+0.157%
SoDEX236.54+0.161%Phoenix236.56+0.169%QFEX236.57+0.174%Polymarket Perps236.63+0.199%BloFin236.63+0.199%Lighter236.67+0.216%SunX236.73+0.241%Entropy236.79+0.267%Vest236.90+0.313%HTX236.93+0.326%Coinbase International237.62+0.618%
SoDEX
Phoenix
QFEX
Polymarket Perps
BloFin
Lighter
SunX
Entropy
Vest
HTX
Coinbase InternationalNBIS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget NBISUSDT | −0.127% | 0.0000% | 8h | $2.5M | $4.5M | 20x | as long as short |
| OKX NBIS-USDT-SWAP | −0.089% | 0.0000% | 8h | $3.5M | $16.2M | 25x | as long as short |
| Bybit NBISUSDT | −0.081% | 0.0000% | 8h | $5.3M | $5.9M | 50x | as long as short |
| Extended NBIS-USD | −0.078% | 0.0000% | 1h | $139K | $697K | 10x | as long as short |
| Binance NBISUSDT | −0.070% | 0.0000% | 8h | $21.2M | $77.8M | 25x | as long as short |
| Aster NBISUSDT | −0.028% | +0.0083% | 8h | $111K | $251K | 50x | as long as short |
| KuCoin NBISUSDTM | −0.017% | +0.0100% | 8h | $498K | $21K | 20x | as long as short |
| Kraken Futures PF_NBISUSD | −0.010% | −0.0084% | 1h | $25K | $11K | 20x | as long as short |
| Variational Omni NBIS | −0.007% | 0.0000% | 8h | $2.9M | $920K | — | as long as short |
| Arcus NBIS-USD | −0.005% | +0.0040% | 1h | $41K | $117K | 5x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo NBIS-PERP | −0.004% | +0.0104% | 1h | — | — | 10x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | 0.000% | +0.0100% | 8h | $2K | $4K | 10x | as long as short |
| Nado NBIS-PERPlong | 0.000% | +0.0205% | 1h | $30K | $65K | 3x | |
| tradeXYZ xyz:NBIS | +0.012% | +0.0206% | 1h | $55.1M | $20.9M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.012% | +0.0004% | 1h | $36K | $88K | 10x | as long as short |
| edgeX NBISUSDC | +0.020% | +0.0461% | 4h | $38K | $238K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | +0.021% | +0.0050% | 1h | $159K | $486K | 10x | as long as short |
| Gate NBIS_USDT | +0.025% | 0.0000% | 8h | $3.0M | $4.8M | 50x | as long as short |
| Phemex NBISUSDTshort | +0.029% | 0.0000% | 8h | $1.6M | $880K | 10x | |
| SoDEX NBIS-USD | +0.033% | +0.0050% | 1h | $109 | $20K | 10x | as long as short |
| Phoenix NBIS | +0.042% | +0.0270% | 1h | $7K | $178K | 10x | as long as short |
| QFEX NBIS-USD | +0.046% | +0.0037% | 1h | $1.4M | $4.7M | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.072% | +0.0050% | 1h | $129K | $532K | 10x | as long as short |
| BloFin NBIS-USDT | +0.072% | −0.0029% | 8h | $216K | $215K | 20x | as long as short |
| Lighter NBIS | +0.088% | +0.0304% | 1h | $1.0M | $4.4M | 10x | as long as short |
| SunX NBIS-USDT | +0.114% | 0.0000% | 8h | $907 | $1.8M | 10x | as long as short |
| Entropy io:NBIS | +0.139% | +0.0275% | 1h | $10.4M | $3.2M | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.186% | +0.0046% | 1h | — | $208K | 5x | as long as short |
| HTX NBIS-USDT | +0.198% | 0.0000% | 8h | $15K | $115K | 20x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.490% | +0.0120% | 1h | $374K | $654K | 10x | as long as short |