Spread before costs (cost unknown: a leg has no order-book sample)+0.131%
7d average+0.088%if it closes, per $10,000$13funding while held, a day+$7.61
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps NBIS-USD.P | 236.51 | 0.0050 | pay 0.0006% / 1h | 5m 52s | $159K | $486K | 10x |
| Short | Lighter NBIS | 236.82 | 0.0304 | get 0.0038% / 1h | 5m 52s | $1.0M | $4.4M | 10x |
Ondo Perps NBIS-USD.P
Lighter 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
- $13.11
- Funding while held
- $7.61
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $15.72
- Spread needed to break even
- 0.050%
Slippage unknown: Ondo Perps: no order-book sample; Lighter: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0254%
- Per $10,000 a day
- +$7.61
- 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 3 min ago | 0.42 bp | 0.7 bp −$1 | 12.2 bp −$122 | 72.4 bp −$7,239 | doesn't fit |
Ondo Perps: 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.Nado236.40cheapestArcus236.46+0.027%BloFin236.46+0.027%
Nado
Arcus
BloFinOndo Perps236.51+0.048%
Kraken Futures236.54+0.060%QFEX236.57+0.074%KuCoin236.58+0.078%OKX236.63+0.099%Gate236.63+0.099%Bitget236.65+0.107%Deribit236.67+0.116%Extended236.68+0.119%Bybit236.68+0.120%Polymarket Perps236.69+0.124%Binance236.69+0.125%SoDEX236.70+0.129%SunX236.71+0.133%Aster236.72+0.138%Aevo236.73+0.141%tradeXYZ236.74+0.146%Entropy236.74+0.146%Orderly236.75+0.150%Phemex236.75+0.150%
Kraken Futures
QFEX
KuCoin
OKX
Gate
Bitget
Deribit
Extended
Bybit
Polymarket Perps
Binance
SoDEX
SunX
Aster
Aevo
tradeXYZ
Entropy
Orderly
PhemexLighter236.82+0.179%
HTX236.93+0.226%Vest236.97+0.243%Phoenix237.27+0.370%Coinbase International237.62+0.518%edgeX237.67+0.540%Variational Omni237.88+0.626%
HTX
Vest
Phoenix
Coinbase International
Variational OmniNBIS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado NBIS-PERP | −0.048% | +0.0203% | 1h | $30K | $65K | 3x | as long as short |
| Arcus NBIS-USD | −0.021% | +0.0040% | 1h | $41K | $117K | 5x | as long as short |
| BloFin NBIS-USDT | −0.021% | +0.0027% | 8h | $215K | $214K | 20x | as long as short |
| Ondo Perps NBIS-USD.Plong | 0.000% | +0.0050% | 1h | $159K | $486K | 10x | |
| Kraken Futures PF_NBISUSD | +0.012% | −0.0084% | 1h | $25K | $11K | 20x | as long as short |
| QFEX NBIS-USD | +0.025% | +0.0037% | 1h | $1.4M | $4.7M | 10x | as long as short |
| KuCoin NBISUSDTM | +0.030% | +0.0100% | 8h | $499K | $21K | 20x | as long as short |
| OKX NBIS-USDT-SWAP | +0.051% | 0.0000% | 8h | $3.5M | $16.2M | 25x | as long as short |
| Gate NBIS_USDT | +0.051% | 0.0000% | 8h | $3.0M | $4.8M | 50x | as long as short |
| Bitget NBISUSDT | +0.059% | 0.0000% | 8h | $2.6M | $4.5M | 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 | +0.068% | +0.0173% | 1h | $36K | $88K | 10x | as long as short |
| Extended NBIS-USD | +0.071% | 0.0000% | 1h | $139K | $697K | 10x | as long as short |
| Bybit NBISUSDT | +0.072% | 0.0000% | 8h | $5.3M | $5.9M | 50x | as long as short |
| Polymarket Perps NBIS-USD | +0.076% | +0.0050% | 1h | $129K | $532K | 10x | as long as short |
| Binance NBISUSDT | +0.076% | 0.0000% | 8h | $21.3M | $77.7M | 25x | as long as short |
| SoDEX NBIS-USD | +0.080% | +0.0050% | 1h | $114 | $20K | 10x | as long as short |
| SunX NBIS-USDT | +0.085% | 0.0000% | 8h | $1K | $1.8M | 10x | as long as short |
| Aster NBISUSDT | +0.090% | +0.0088% | 8h | $112K | $251K | 50x | as long as short |
| Aevo NBIS-PERP | +0.093% | +0.0104% | 1h | — | — | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.097% | +0.0206% | 1h | $55.2M | $20.9M | 10x | as long as short |
| Entropy io:NBIS | +0.097% | +0.0275% | 1h | $10.4M | $3.2M | 10x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.101% | +0.0100% | 8h | $2K | $4K | 10x | as long as short |
| Phemex NBISUSDT | +0.101% | 0.0000% | 8h | $1.6M | $879K | 10x | as long as short |
| Lighter NBISshort | +0.131% | +0.0304% | 1h | $1.0M | $4.4M | 10x | |
| HTX NBIS-USDT | +0.178% | 0.0000% | 8h | $15K | $115K | 20x | as long as short |
| Vest NBIS-USD-PERP | +0.194% | +0.0046% | 1h | — | $208K | 5x | as long as short |
| Phoenix NBIS | +0.321% | +0.0270% | 1h | $7K | $178K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.469% | +0.0120% | 1h | $374K | $654K | 10x | as long as short |
| edgeX NBISUSDC | +0.491% | +0.0096% | 4h | $38K | $237K | 10x | as long as short |
| Variational Omni NBIS | +0.577% | 0.0000% | 8h | $2.9M | $920K | — | as long as short |