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−$52
spread now+0.081%7d average−0.074%fees + slippage, in and out−$68spread needed0.677%
Long on PhoenixShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix NBIS233.950.0279pay 0.0035% / 1h38m 20s$7K$159K10x
ShortGate NBIS_USDT234.140get 0.0000% / 8h38m 20s$3.0M$3.9M50x

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
$8.12
Funding while held
−$8.37
Slippage, 4 orders
−$45.68
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$67.94
Spread needed to break even
0.677%
Slippage from Phoenix: live order book, 72 min ago; Gate: live order book, 1 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
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 72 min ago4.40 bp14.0 bp −$1430.1 bp −$301doesn't fitdoesn't fit
Sell Gate live order book, 1 min ago3.41 bp22.0 bp −$2283.8 bp −$838300.3 bp −$30.0Kdoesn't fit

NBIS price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni233.61cheapestEntropy233.67+0.027%edgeX233.91+0.129%
Phoenix233.95+0.146%
KuCoin233.97+0.155%HTX234.00+0.168%Kraken Futures234.05+0.190%Arcus234.07+0.198%
Gate234.14+0.228%
Polymarket Perps234.14+0.228%Nado234.18+0.244%QFEX234.19+0.249%Ondo Perps234.21+0.258%BloFin234.26+0.279%Binance234.27+0.285%Extended234.29+0.292%tradeXYZ234.31+0.301%Orderly234.31+0.301%Deribit234.31+0.301%Aster234.34+0.312%OKX234.34+0.313%SoDEX234.34+0.313%Aevo234.35+0.319%Bybit234.39+0.335%SunX234.39+0.335%Bitget234.41+0.343%Phemex234.42+0.348%Lighter234.44+0.356%Vest234.77+0.497%Coinbase International234.99+0.592%

NBIS on 30 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni NBIS−0.146%+0.0056%8h$2.8M$741K—as long as short
Entropy io:NBIS−0.120%+0.0171%1h$10.3M$2.9M10xas long as short
edgeX NBISUSDC−0.018%+0.0560%4h$38K$235K10xas long as short
Phoenix NBISlong0.000%+0.0279%1h$7K$159K10x
KuCoin NBISUSDTM+0.009%+0.0100%8h$499K$18K20xas long as short
HTX NBIS-USDT+0.021%0.0000%8h$18K$109K20xas long as short
Kraken Futures PF_NBISUSD+0.044%+0.0022%1h$25K$12K20xas long as short
Arcus NBIS-USD+0.051%+0.0040%1h$35K$76K5xas long as short
Gate NBIS_USDTshort+0.081%0.0000%8h$3.0M$3.9M50x
Polymarket Perps NBIS-USD+0.081%+0.0050%1h$124K$508K10xas long as short
Show all 30 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Nado NBIS-PERP+0.098%+0.0187%1h$29K$65K3xas long as short
QFEX NBIS-USD+0.103%+0.0036%1h$1.3M$4.0M10xas long as short
Ondo Perps NBIS-USD.P+0.111%+0.0050%1h$153K$448K10xas long as short
BloFin NBIS-USDT+0.133%+0.0046%8h$215K$189K20xas long as short
Binance NBISUSDT+0.138%+0.0054%8h$21.7M$60.7M25xas long as short
Extended NBIS-USD+0.145%+0.0056%1h$170K$693K10xas long as short
tradeXYZ xyz:NBIS+0.154%+0.0068%1h$55.1M$18.8M10xas long as short
Orderly PERP_NBIS_USDC_mythos+0.154%+0.0100%8h$2K$4K10xas long as short
Deribit NBIS_USDC-PERPETUAL+0.154%0.0000%1h$35K$84K10xas long as short
Aster NBISUSDT+0.165%+0.0158%8h$96K$168K50xas long as short
OKX NBIS-USDT-SWAP+0.167%+0.0033%8h$3.5M$13.1M25xas long as short
SoDEX NBIS-USD+0.167%+0.0050%1h$70$20K10xas long as short
Aevo NBIS-PERP+0.172%+0.0104%1h——10xas long as short
Bybit NBISUSDT+0.188%+0.0048%8h$5.3M$4.8M50xas long as short
SunX NBIS-USDT+0.188%0.0000%8h$968$1.6M10xas long as short
Bitget NBISUSDT+0.197%0.0000%8h$2.4M$3.5M20xas long as short
Phemex NBISUSDT+0.201%0.0000%8h$1.6M$775K10xas long as short
Lighter NBIS+0.209%+0.0056%1h$1.1M$4.0M10xas long as short
Vest NBIS-USD-PERP+0.351%+0.0046%1h—$124K5xas long as short
Coinbase International NBIS-PERP-INTX+0.445%+0.0528%1h$360K$494K10xas long as short