Spread before costs (cost unknown: a leg has no order-book sample)−0.060%
7d average—if it closes, per $10,000$6funding while held, a day−$2.82
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NBISUSDT | 233.72 | 0 | get 0.0000% / 8h | 7h 10m | $1.6M | $812K | 10x |
| Short | Kraken Futures PF_NBISUSD | 233.58 | −0.0094 | pay 0.0012% / 1h | 10m 10s | $25K | $13K | 20x |
Phemex NBISUSDT
Kraken Futures PF_NBISUSDPrice 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
- −$5.96
- Funding while held
- −$2.82
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$30.79
- Spread needed to break even
- 0.220%
Slippage unknown: Phemex: live order book, 4 min ago; Kraken Futures: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0094%
- Per $10,000 a day
- −$2.82
- 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 Phemex live order book, 4 min ago | 9.22 bp | 54.7 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: 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.Phoenix232.81cheapestNado233.09+0.121%SunX233.28+0.202%Coinbase International233.33+0.223%Ondo Perps233.34+0.228%HTX233.43+0.266%KuCoin233.47+0.283%Entropy233.48+0.288%BloFin233.49+0.292%edgeX233.51+0.303%Bybit233.58+0.331%
Phoenix
Nado
SunX
Coinbase International
Ondo Perps
HTX
KuCoin
Entropy
BloFin
BybitKraken Futures233.58+0.331%
Variational Omni233.59+0.334%Binance233.64+0.357%OKX233.65+0.361%Arcus233.66+0.365%Deribit233.66+0.365%Lighter233.69+0.378%SoDEX233.69+0.378%Aster233.70+0.382%QFEX233.71+0.387%tradeXYZ233.72+0.391%Gate233.72+0.391%
Variational Omni
Binance
OKX
Arcus
Deribit
Lighter
SoDEX
Aster
QFEX
tradeXYZ
GatePhemex233.72+0.391%
Aevo233.74+0.399%Bitget233.74+0.399%Extended233.78+0.416%Orderly233.78+0.417%Polymarket Perps233.80+0.425%Vest234.10+0.554%
Aevo
Bitget
Extended
Orderly
Polymarket Perps
VestNBIS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix NBIS | −0.389% | +0.0274% | 1h | $7K | $168K | 10x | as long as short |
| Nado NBIS-PERP | −0.269% | +0.0263% | 1h | $29K | $65K | 3x | as long as short |
| SunX NBIS-USDT | −0.188% | 0.0000% | 8h | $1K | $1.7M | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | −0.167% | +0.0416% | 1h | $369K | $538K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | −0.163% | +0.0050% | 1h | $156K | $472K | 10x | as long as short |
| HTX NBIS-USDT | −0.124% | 0.0000% | 8h | $18K | $109K | 20x | as long as short |
| KuCoin NBISUSDTM | −0.107% | +0.0100% | 8h | $498K | $19K | 20x | as long as short |
| Entropy io:NBIS | −0.103% | +0.0291% | 1h | $10.2M | $3.1M | 10x | as long as short |
| BloFin NBIS-USDT | −0.098% | +0.0052% | 8h | $215K | $196K | 20x | as long as short |
| edgeX NBISUSDC | −0.088% | +0.0593% | 4h | $37K | $235K | 10x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit NBISUSDT | −0.060% | 0.0000% | 8h | $5.2M | $5.5M | 50x | as long as short |
| Kraken Futures PF_NBISUSDshort | −0.060% | −0.0094% | 1h | $25K | $13K | 20x | |
| Variational Omni NBIS | −0.057% | +0.0007% | 8h | $2.8M | $781K | — | as long as short |
| Binance NBISUSDT | −0.034% | +0.0046% | 8h | $21.7M | $69.3M | 25x | as long as short |
| OKX NBIS-USDT-SWAP | −0.030% | 0.0000% | 8h | $3.5M | $14.8M | 25x | as long as short |
| Arcus NBIS-USD | −0.026% | +0.0040% | 1h | $41K | $93K | 5x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | −0.026% | +0.0050% | 1h | $35K | $87K | 10x | as long as short |
| Lighter NBIS | −0.013% | +0.0184% | 1h | $1.0M | $4.3M | 10x | as long as short |
| SoDEX NBIS-USD | −0.013% | +0.0050% | 1h | $117 | $20K | 10x | as long as short |
| Aster NBISUSDT | −0.009% | +0.0160% | 8h | $103K | $206K | 50x | as long as short |
| QFEX NBIS-USD | −0.004% | +0.0046% | 1h | $1.3M | $4.3M | 10x | as long as short |
| tradeXYZ xyz:NBIS | 0.000% | +0.0089% | 1h | $54.7M | $19.8M | 10x | as long as short |
| Gate NBIS_USDT | 0.000% | 0.0000% | 8h | $2.9M | $4.5M | 50x | as long as short |
| Phemex NBISUSDTlong | 0.000% | 0.0000% | 8h | $1.6M | $812K | 10x | |
| Aevo NBIS-PERP | +0.008% | +0.0104% | 1h | — | — | 10x | as long as short |
| Bitget NBISUSDT | +0.009% | 0.0000% | 8h | $2.6M | $4.1M | 20x | as long as short |
| Extended NBIS-USD | +0.025% | +0.0048% | 1h | $160K | $675K | 10x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.026% | +0.0100% | 8h | $2K | $4K | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.034% | +0.0050% | 1h | $129K | $520K | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.163% | +0.0046% | 1h | — | $133K | 5x | as long as short |