After costs, if the gap returns to its 7d average, $10k−$141
spread now−0.128%7d average+0.085%fees + slippage, in and out−$120spread needed1.200%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NBISUSDT | 234.45 | 0 | get 0.0000% / 8h | 26m 52s | $1.6M | $780K | 10x |
| Short | Phoenix NBIS | 234.15 | 0.0279 | get 0.0035% / 1h | 26m 52s | $7K | $159K | 10x |
Phemex NBISUSDT
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
- −$12.8
- Funding while held
- $8.37
- Slippage, 4 orders
- −$100.96
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$124.39
- Spread needed to break even
- 1.200%
Slippage from Phemex: live order book, 3 min ago; Phoenix: live order book, 12 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0279%
- Per $10,000 a day
- +$8.37
- 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, 3 min ago | 7.89 bp | 44.3 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 12 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.Phoenix234.15cheapest
Variational Omni234.19+0.016%Ondo Perps234.19+0.017%Arcus234.20+0.021%Nado234.26+0.045%Kraken Futures234.26+0.048%Entropy234.32+0.073%Polymarket Perps234.33+0.077%Orderly234.34+0.081%Coinbase International234.34+0.081%Gate234.36+0.090%KuCoin234.36+0.090%BloFin234.38+0.098%edgeX234.38+0.099%QFEX234.39+0.102%SoDEX234.40+0.107%Deribit234.40+0.107%tradeXYZ234.42+0.115%SunX234.42+0.115%Lighter234.45+0.128%
Variational Omni
Ondo Perps
Arcus
Nado
Kraken Futures
Entropy
Polymarket Perps
Orderly
Coinbase International
Gate
KuCoin
BloFin
QFEX
SoDEX
Deribit
tradeXYZ
SunX
LighterPhemex234.45+0.128%
Aevo234.45+0.128%Aster234.45+0.129%Bybit234.46+0.132%OKX234.52+0.158%Extended234.53+0.162%HTX234.55+0.171%Binance234.58+0.184%Bitget234.58+0.184%Vest234.72+0.243%
Aevo
Aster
Bybit
OKX
Extended
HTX
Binance
Bitget
VestNBIS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix NBISshort | −0.128% | +0.0279% | 1h | $7K | $159K | 10x | |
| Variational Omni NBIS | −0.112% | +0.0045% | 8h | $2.8M | $768K | — | as long as short |
| Ondo Perps NBIS-USD.P | −0.111% | +0.0050% | 1h | $157K | $456K | 10x | as long as short |
| Arcus NBIS-USD | −0.107% | +0.0040% | 1h | $39K | $81K | 5x | as long as short |
| Nado NBIS-PERP | −0.083% | +0.0207% | 1h | $29K | $65K | 3x | as long as short |
| Kraken Futures PF_NBISUSD | −0.080% | +0.0022% | 1h | $25K | $12K | 20x | as long as short |
| Entropy io:NBIS | −0.055% | +0.0237% | 1h | $10.3M | $3.0M | 10x | as long as short |
| Polymarket Perps NBIS-USD | −0.051% | +0.0050% | 1h | $124K | $508K | 10x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | −0.047% | +0.0100% | 8h | $2K | $4K | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | −0.047% | +0.0528% | 1h | $349K | $510K | 10x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate NBIS_USDT | −0.038% | 0.0000% | 8h | $3.0M | $4.0M | 50x | as long as short |
| KuCoin NBISUSDTM | −0.038% | +0.0100% | 8h | $500K | $18K | 20x | as long as short |
| BloFin NBIS-USDT | −0.030% | +0.0023% | 8h | $216K | $190K | 20x | as long as short |
| edgeX NBISUSDC | −0.029% | +0.0396% | 4h | $38K | $235K | 10x | as long as short |
| QFEX NBIS-USD | −0.026% | +0.0036% | 1h | $1.3M | $4.1M | 10x | as long as short |
| SoDEX NBIS-USD | −0.021% | +0.0050% | 1h | $66 | $20K | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | −0.021% | +0.0177% | 1h | $35K | $84K | 10x | as long as short |
| tradeXYZ xyz:NBIS | −0.013% | +0.0074% | 1h | $54.9M | $19.2M | 10x | as long as short |
| SunX NBIS-USDT | −0.013% | 0.0000% | 8h | $933 | $1.6M | 10x | as long as short |
| Lighter NBIS | 0.000% | +0.0096% | 1h | $1.0M | $4.1M | 10x | as long as short |
| Phemex NBISUSDTlong | 0.000% | 0.0000% | 8h | $1.6M | $780K | 10x | |
| Aevo NBIS-PERP | 0.000% | +0.0104% | 1h | — | — | 10x | as long as short |
| Aster NBISUSDT | 0.000% | +0.0156% | 8h | $101K | $184K | 50x | as long as short |
| Bybit NBISUSDT | +0.004% | +0.0031% | 8h | $5.3M | $4.9M | 50x | as long as short |
| OKX NBIS-USDT-SWAP | +0.030% | +0.0025% | 8h | $3.6M | $13.5M | 25x | as long as short |
| Extended NBIS-USD | +0.034% | +0.0056% | 1h | $171K | $693K | 10x | as long as short |
| HTX NBIS-USDT | +0.043% | 0.0000% | 8h | $18K | $109K | 20x | as long as short |
| Binance NBISUSDT | +0.055% | +0.0052% | 8h | $21.8M | $62.7M | 25x | as long as short |
| Bitget NBISUSDT | +0.055% | 0.0000% | 8h | $2.4M | $3.6M | 20x | as long as short |
| Vest NBIS-USD-PERP | +0.115% | +0.0046% | 1h | — | $131K | 5x | as long as short |