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+$27
spread now+0.673%7d average+0.074%fees + slippage, in and out−$32spread needed0.325%
Long on Polymarket PerpsShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps NBIS-USD224.240.0050pay 0.0006% / 1h27m 57s$122K$463K10x
ShortLighter NBIS225.750.0392get 0.0049% / 1h27m 57s$1.6M$2.2M10x

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
$67.34
Funding while held
$10.26
Slippage, 4 orders
−$24.47
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
$45.13
Spread needed to break even
0.325%
Slippage from Polymarket Perps: live order book, 31 min ago; Lighter: live order book, 6 min ago.

Cost of waiting

funding view
Funding /8h
+0.0342%
Per $10,000 a day
+$10.26
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 Polymarket Perps live order book, 31 min ago2.88 bp9.4 bp −$911.2 bp −$11245.9 bp −$4,590doesn't fit
Sell Lighter live order book, 6 min ago1.55 bp5.6 bp −$616.7 bp −$16796.0 bp −$9,602doesn't fit

NBIS price on every exchange

against the cheapest. Click to use as the short leg.
Polymarket Perps224.24cheapest
Arcus224.26+0.009%QFEX224.27+0.013%tradeXYZ224.81+0.254%Aster224.94+0.314%BloFin224.95+0.317%Nado224.96+0.323%Entropy224.98+0.330%Vest225.05+0.361%Phemex225.12+0.392%Extended225.12+0.395%Bybit225.14+0.401%Binance225.17+0.415%Orderly225.25+0.450%Gate225.26+0.455%Bitget225.29+0.468%Ondo Perps225.34+0.491%Kraken Futures225.36+0.501%Deribit225.42+0.526%SoDEX225.56+0.589%Aevo225.57+0.591%OKX225.59+0.602%Coinbase International225.64+0.624%
Lighter225.75+0.673%
Variational Omni225.98+0.774%KuCoin226.06+0.812%SunX226.06+0.812%HTX226.08+0.821%edgeX226.15+0.850%Phoenix226.15+0.852%

NBIS on 30 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Polymarket Perps NBIS-USDlong0.000%+0.0050%1h$122K$463K10x
Arcus NBIS-USD+0.009%+0.0293%1h$35K$29K5xas long as short
QFEX NBIS-USD+0.013%+0.0061%1h$1.3M$3.6M10xas long as short
tradeXYZ xyz:NBIS+0.254%+0.0287%1h$53.8M$14.0M10xas long as short
Aster NBISUSDT+0.314%0.0000%8h$67K$57K50xas long as short
BloFin NBIS-USDT+0.317%+0.0015%8h$199K$135K20xas long as short
Nado NBIS-PERP+0.323%+0.0265%1h$29K$64K3xas long as short
Entropy io:NBIS+0.330%+0.0782%1h$9.9M$2.1M10xas long as short
Vest NBIS-USD-PERP+0.361%+0.0046%1h—$43K5xas long as short
Phemex NBISUSDT+0.392%0.0000%8h$1.5M$709K10xas long as short
Show all 30 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended NBIS-USD+0.395%0.0000%1h$169K$689K10xas long as short
Bybit NBISUSDT+0.401%+0.0151%8h$5.2M$2.8M50xas long as short
Binance NBISUSDT+0.415%+0.0003%8h$20.9M$32.7M25xas long as short
Orderly PERP_NBIS_USDC_mythos+0.450%+0.0100%8h$776$3K10xas long as short
Gate NBIS_USDT+0.455%0.0000%8h$3.3M$2.4M50xas long as short
Bitget NBISUSDT+0.468%0.0000%8h$2.4M$2.4M20xas long as short
Ondo Perps NBIS-USD.P+0.491%+0.0050%1h$157K$251K10xas long as short
Kraken Futures PF_NBISUSD+0.501%+0.0164%1h$25K$10K20xas long as short
Deribit NBIS_USDC-PERPETUAL+0.526%0.0000%1h$29K$50K10xas long as short
SoDEX NBIS-USD+0.589%+0.0050%1h$90$20K10xas long as short
Aevo NBIS-PERP+0.591%+0.0104%1h——10xas long as short
OKX NBIS-USDT-SWAP+0.602%+0.0095%8h$3.2M$6.3M25xas long as short
Coinbase International NBIS-PERP-INTX+0.624%+0.0432%1h$366K$185K10xas long as short
Lighter NBISshort+0.673%+0.0392%1h$1.6M$2.2M10x
Variational Omni NBIS+0.774%0.0000%8h$2.7M$630K—as long as short
KuCoin NBISUSDTM+0.812%+0.0100%8h$475K$12K20xas long as short
SunX NBIS-USDT+0.812%0.0000%8h$1K$813K10xas long as short
HTX NBIS-USDT+0.821%0.0000%8h$34K$64K20xas long as short
edgeX NBISUSDC+0.850%+0.0583%4h$36K$232K10xas long as short
Phoenix NBIS+0.852%+0.0425%1h$8K$94K10xas long as short