After costs, if the gap returns to its 7d average, $10k−$70
spread now−0.085%7d average+0.110%fees + slippage, in and out−$50spread needed0.502%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX NBIS-USDT-SWAP | 234.35 | 0.0025 | pay 0.0025% / 8h | 28m 12s | $3.6M | $13.5M | 25x |
| Short | Phoenix NBIS | 234.15 | 0.0279 | get 0.0035% / 1h | 28m 12s | $7K | $159K | 10x |
OKX NBIS-USDT-SWAP
Phoenix 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
- −$8.53
- Funding while held
- $7.63
- Slippage, 4 orders
- −$33.16
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$51.07
- Spread needed to break even
- 0.502%
Slippage from OKX: live order book, 2 min ago; Phoenix: live order book, 10 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0254%
- Per $10,000 a day
- +$7.63
- 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 OKX live order book, 2 min ago | 2.35 bp | 11.1 bp −$11 | 21.4 bp −$214 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 10 min ago | 4.69 bp | 14.1 bp −$14 | 30.1 bp −$301 | doesn't fit | doesn't fit |
NBIS price on every exchange
against the cheapest. Click to use as the short leg.Nado234.11cheapesttradeXYZ234.14+0.012%Arcus234.14+0.012%
Nado
tradeXYZ
ArcusPhoenix234.15+0.016%
Kraken Futures234.16+0.019%Entropy234.17+0.025%Orderly234.17+0.025%Variational Omni234.19+0.032%Ondo Perps234.19+0.033%KuCoin234.20+0.037%Deribit234.24+0.055%Aster234.25+0.059%HTX234.26+0.063%QFEX234.27+0.067%Gate234.27+0.067%Polymarket Perps234.27+0.067%Extended234.29+0.077%edgeX234.32+0.087%Aevo234.33+0.093%SoDEX234.33+0.093%Coinbase International234.34+0.097%
Kraken Futures
Entropy
Orderly
Variational Omni
Ondo Perps
KuCoin
Deribit
Aster
HTX
QFEX
Gate
Polymarket Perps
Extended
Aevo
SoDEX
Coinbase InternationalOKX234.35+0.102%
Binance234.35+0.103%Bitget234.37+0.110%Lighter234.38+0.114%Phemex234.38+0.114%SunX234.39+0.119%Bybit234.43+0.136%BloFin234.52+0.174%Vest234.67+0.238%
Binance
Bitget
Lighter
Phemex
SunX
Bybit
BloFin
VestNBIS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado NBIS-PERP | −0.101% | +0.0207% | 1h | $29K | $65K | 3x | as long as short |
| tradeXYZ xyz:NBIS | −0.090% | +0.0076% | 1h | $54.9M | $19.2M | 10x | as long as short |
| Arcus NBIS-USD | −0.090% | +0.0040% | 1h | $39K | $81K | 5x | as long as short |
| Phoenix NBISshort | −0.085% | +0.0279% | 1h | $7K | $159K | 10x | |
| Kraken Futures PF_NBISUSD | −0.083% | +0.0022% | 1h | $25K | $12K | 20x | as long as short |
| Entropy io:NBIS | −0.077% | +0.0230% | 1h | $10.3M | $3.0M | 10x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | −0.077% | +0.0100% | 8h | $2K | $4K | 10x | as long as short |
| Variational Omni NBIS | −0.069% | +0.0045% | 8h | $2.8M | $768K | — | as long as short |
| Ondo Perps NBIS-USD.P | −0.068% | +0.0050% | 1h | $157K | $456K | 10x | as long as short |
| KuCoin NBISUSDTM | −0.064% | +0.0100% | 8h | $500K | $18K | 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 | −0.047% | +0.0049% | 1h | $35K | $84K | 10x | as long as short |
| Aster NBISUSDT | −0.043% | +0.0155% | 8h | $98K | $184K | 50x | as long as short |
| HTX NBIS-USDT | −0.038% | 0.0000% | 8h | $18K | $109K | 20x | as long as short |
| QFEX NBIS-USD | −0.034% | +0.0036% | 1h | $1.3M | $4.1M | 10x | as long as short |
| Gate NBIS_USDT | −0.034% | 0.0000% | 8h | $3.0M | $4.0M | 50x | as long as short |
| Polymarket Perps NBIS-USD | −0.034% | +0.0050% | 1h | $124K | $508K | 10x | as long as short |
| Extended NBIS-USD | −0.025% | +0.0048% | 1h | $171K | $693K | 10x | as long as short |
| edgeX NBISUSDC | −0.015% | +0.0374% | 4h | $38K | $237K | 10x | as long as short |
| Aevo NBIS-PERP | −0.009% | +0.0104% | 1h | — | — | 10x | as long as short |
| SoDEX NBIS-USD | −0.009% | +0.0050% | 1h | $70 | $20K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | −0.004% | +0.0528% | 1h | $349K | $510K | 10x | as long as short |
| OKX NBIS-USDT-SWAPlong | 0.000% | +0.0025% | 8h | $3.6M | $13.5M | 25x | |
| Binance NBISUSDT | +0.002% | +0.0051% | 8h | $21.8M | $62.6M | 25x | as long as short |
| Bitget NBISUSDT | +0.009% | 0.0000% | 8h | $2.4M | $3.6M | 20x | as long as short |
| Lighter NBIS | +0.013% | +0.0096% | 1h | $1.0M | $4.1M | 10x | as long as short |
| Phemex NBISUSDT | +0.013% | 0.0000% | 8h | $1.6M | $780K | 10x | as long as short |
| SunX NBIS-USDT | +0.017% | 0.0000% | 8h | $1K | $1.6M | 10x | as long as short |
| Bybit NBISUSDT | +0.034% | +0.0033% | 8h | $5.3M | $4.9M | 50x | as long as short |
| BloFin NBIS-USDT | +0.073% | +0.0036% | 8h | $216K | $190K | 20x | as long as short |
| Vest NBIS-USD-PERP | +0.137% | +0.0046% | 1h | — | $131K | 5x | as long as short |