data as of
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Price arb /

NBIS

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$19
spread now+0.172%7d average−0.111%fees + slippage, in and out−$48spread needed0.477%
Long on PhoenixShort on Aster
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix NBIS233.770.0274pay 0.0034% / 1h55m 45s$7K$173K10x
ShortAster NBISUSDT234.170.0155get 0.0155% / 8h6h 55m$103K$209K50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$17.2
Funding while held
−$3.58
Slippage, 4 orders
−$32.68
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Aster: 4 bp × 2 orders
−$8
Net
−$34.06
Spread needed to break even
0.477%
Slippage from Phoenix: live order book, 38 min ago; Aster: live order book, 9 min ago.

Cost of waiting

funding view
Funding /8h
−0.0119%
Per $10,000 a day
−$3.58
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 38 min ago4.30 bp14.2 bp −$1430.2 bp −$302doesn't fitdoesn't fit
Sell Aster live order book, 9 min ago2.13 bp9.2 bp −$9327.1 bp −$3,271doesn't fitdoesn't fit

NBIS price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International233.33cheapestArcus233.75+0.180%
Phoenix233.77+0.189%
edgeX233.80+0.201%Ondo Perps233.81+0.206%SunX233.88+0.236%Variational Omni233.91+0.248%Kraken Futures233.91+0.250%QFEX233.92+0.253%BloFin233.93+0.257%KuCoin233.96+0.270%Nado234.00+0.289%Entropy234.03+0.300%Bybit234.11+0.334%Gate234.11+0.334%Aevo234.11+0.335%Orderly234.12+0.339%tradeXYZ234.13+0.343%Bitget234.14+0.347%OKX234.16+0.356%
Aster234.17+0.361%
SoDEX234.18+0.364%Deribit234.19+0.369%Polymarket Perps234.20+0.373%Binance234.22+0.381%Lighter234.24+0.390%Phemex234.24+0.390%Extended234.24+0.390%Vest234.40+0.459%HTX234.50+0.501%

NBIS on 30 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International NBIS-PERP-INTX−0.188%+0.0272%1h$369K$538K10xas long as short
Arcus NBIS-USD−0.009%+0.0040%1h$41K$93K5xas long as short
Phoenix NBISlong0.000%+0.0274%1h$7K$173K10x
edgeX NBISUSDC+0.013%+0.0417%4h$38K$237K10xas long as short
Ondo Perps NBIS-USD.P+0.017%+0.0050%1h$157K$475K10xas long as short
SunX NBIS-USDT+0.047%0.0000%8h$1K$1.7M10xas long as short
Variational Omni NBIS+0.060%+0.0007%8h$2.8M$781K—as long as short
Kraken Futures PF_NBISUSD+0.061%−0.0163%1h$25K$13K20xas long as short
QFEX NBIS-USD+0.064%+0.0042%1h$1.3M$4.4M10xas long as short
BloFin NBIS-USDT+0.068%+0.0018%8h$212K$197K20xas long as short
Show all 30 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin NBISUSDTM+0.081%+0.0100%8h$499K$19K20xas long as short
Nado NBIS-PERP+0.100%+0.0297%1h$29K$65K3xas long as short
Entropy io:NBIS+0.111%+0.0321%1h$10.3M$3.1M10xas long as short
Bybit NBISUSDT+0.145%0.0000%8h$5.3M$5.6M50xas long as short
Gate NBIS_USDT+0.145%0.0000%8h$3.0M$4.5M50xas long as short
Aevo NBIS-PERP+0.146%+0.0104%1h——10xas long as short
Orderly PERP_NBIS_USDC_mythos+0.150%+0.0100%8h$2K$4K10xas long as short
tradeXYZ xyz:NBIS+0.154%+0.0050%1h$54.8M$19.7M10xas long as short
Bitget NBISUSDT+0.158%0.0000%8h$2.6M$4.2M20xas long as short
OKX NBIS-USDT-SWAP+0.167%0.0000%8h$3.5M$15.0M25xas long as short
Aster NBISUSDTshort+0.172%+0.0155%8h$103K$209K50x
SoDEX NBIS-USD+0.175%+0.0050%1h$84$20K10xas long as short
Deribit NBIS_USDC-PERPETUAL+0.180%+0.0220%1h$35K$87K10xas long as short
Polymarket Perps NBIS-USD+0.184%+0.0050%1h$129K$520K10xas long as short
Binance NBISUSDT+0.192%+0.0040%8h$21.8M$69.9M25xas long as short
Lighter NBIS+0.201%+0.0128%1h$1.0M$4.3M10xas long as short
Phemex NBISUSDT+0.201%0.0000%8h$1.6M$818K10xas long as short
Extended NBIS-USD+0.201%+0.0040%1h$160K$673K10xas long as short
Vest NBIS-USD-PERP+0.269%+0.0046%1h—$134K5xas long as short
HTX NBIS-USDT+0.312%0.0000%8h$18K$109K20xas long as short