After costs, if the gap returns to its 7d average, $10k−$99
spread now−0.424%7d average−0.010%fees + slippage, in and out−$57spread needed0.573%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NBIS | 236.00 | 0.0270 | pay 0.0034% / 1h | 47m 31s | $7K | $178K | 10x |
| Short | Coinbase International NBIS-PERP-INTX | 235.00 | 0.0120 | get 0.0015% / 1h | 47m 31s | $371K | $558K | 10x |
Phoenix NBIS
Coinbase International NBIS-PERP-INTXPrice 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
- −$42.37
- Funding while held
- −$4.51
- Slippage, 4 orders
- −$40.26
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$104.14
- Spread needed to break even
- 0.573%
Slippage from Phoenix: live order book, 41 min ago; Coinbase International: live order book, 52 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0150%
- Per $10,000 a day
- −$4.51
- 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 Phoenix live order book, 41 min ago | 4.71 bp | 14.1 bp −$14 | 30.2 bp −$302 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 52 min ago | 9.45 bp | 14.5 bp −$15 | 17.7 bp −$177 | doesn't fit | doesn't fit |
NBIS price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International235.00cheapest
Bybit235.87+0.370%Binance235.90+0.381%Arcus235.92+0.391%OKX235.93+0.396%
Bybit
Binance
Arcus
OKXPhoenix236.00+0.426%
QFEX236.03+0.438%Kraken Futures236.03+0.440%Nado236.06+0.453%Bitget236.07+0.455%KuCoin236.08+0.460%HTX236.10+0.468%Deribit236.12+0.477%Variational Omni236.15+0.488%SunX236.17+0.498%SoDEX236.17+0.498%Aevo236.19+0.505%Gate236.19+0.506%Orderly236.20+0.511%Extended236.20+0.512%Polymarket Perps236.22+0.519%Entropy236.25+0.532%Ondo Perps236.25+0.532%Phemex236.25+0.532%tradeXYZ236.26+0.536%edgeX236.28+0.543%BloFin236.32+0.562%Lighter236.33+0.566%Aster236.34+0.570%Vest236.55+0.660%
QFEX
Kraken Futures
Nado
Bitget
KuCoin
HTX
Deribit
Variational Omni
SunX
SoDEX
Aevo
Gate
Orderly
Extended
Polymarket Perps
Entropy
Ondo Perps
Phemex
tradeXYZ
BloFin
Lighter
Aster
VestNBIS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International NBIS-PERP-INTXshort | −0.424% | +0.0120% | 1h | $371K | $558K | 10x | |
| Bybit NBISUSDT | −0.055% | 0.0000% | 8h | $5.3M | $5.8M | 50x | as long as short |
| Binance NBISUSDT | −0.044% | +0.0006% | 8h | $21.1M | $74.7M | 25x | as long as short |
| Arcus NBIS-USD | −0.034% | +0.0040% | 1h | $41K | $93K | 5x | as long as short |
| OKX NBIS-USDT-SWAP | −0.030% | 0.0000% | 8h | $3.5M | $15.7M | 25x | as long as short |
| Phoenix NBISlong | 0.000% | +0.0270% | 1h | $7K | $178K | 10x | |
| QFEX NBIS-USD | +0.013% | +0.0037% | 1h | $1.3M | $4.6M | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.014% | −0.0084% | 1h | $25K | $10K | 20x | as long as short |
| Nado NBIS-PERP | +0.027% | +0.0233% | 1h | $30K | $65K | 3x | as long as short |
| Bitget NBISUSDT | +0.030% | 0.0000% | 8h | $2.6M | $4.4M | 20x | as long as short |