After costs, if the gap returns to its 7d average, $10k−$94
spread now−0.404%7d average+0.109%fees + slippage, in and out−$43spread needed0.430%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps NBIS-USD | 234.90 | 0.0050 | pay 0.0006% / 1h | 34m 38s | $125K | $508K | 10x |
| Short | Phoenix NBIS | 233.95 | 0.0279 | get 0.0035% / 1h | 34m 38s | $7K | $159K | 10x |
Polymarket Perps NBIS-USD
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
- −$40.44
- Funding while held
- $6.87
- Slippage, 4 orders
- −$27.97
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$76.54
- Spread needed to break even
- 0.430%
Slippage from Polymarket Perps: live order book, 14 min ago; Phoenix: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0229%
- Per $10,000 a day
- +$6.87
- 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 Polymarket Perps live order book, 14 min ago | 2.60 bp | 7.4 bp −$7 | 8.1 bp −$81 | 39.7 bp −$3,974 | doesn't fit |
| Sell Phoenix live order book, 4 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.Phoenix233.95cheapest
Entropy234.46+0.218%Phemex234.46+0.218%Kraken Futures234.47+0.224%edgeX234.48+0.226%Nado234.48+0.228%Deribit234.54+0.252%Arcus234.55+0.256%SoDEX234.56+0.261%KuCoin234.60+0.278%SunX234.64+0.295%Aster234.67+0.307%Ondo Perps234.67+0.308%Bitget234.67+0.308%Gate234.69+0.316%Extended234.70+0.322%tradeXYZ234.72+0.329%Bybit234.72+0.329%QFEX234.72+0.329%Binance234.72+0.329%OKX234.73+0.333%Orderly234.73+0.333%Aevo234.75+0.342%Lighter234.75+0.342%BloFin234.87+0.393%Variational Omni234.89+0.401%
Entropy
Phemex
Kraken Futures
Nado
Deribit
Arcus
SoDEX
KuCoin
SunX
Aster
Ondo Perps
Bitget
Gate
Extended
tradeXYZ
Bybit
QFEX
Binance
OKX
Orderly
Aevo
Lighter
BloFin
Variational OmniPolymarket Perps234.90+0.406%
HTX234.94+0.423%Coinbase International234.99+0.445%Vest235.30+0.577%
HTX
Coinbase International
VestNBIS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix NBISshort | −0.404% | +0.0279% | 1h | $7K | $159K | 10x | |
| Entropy io:NBIS | −0.187% | +0.0180% | 1h | $10.3M | $2.9M | 10x | as long as short |
| Phemex NBISUSDT | −0.187% | 0.0000% | 8h | $1.6M | $777K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | −0.181% | +0.0022% | 1h | $25K | $12K | 20x | as long as short |
| edgeX NBISUSDC | −0.180% | +0.0219% | 4h | $38K | $236K | 10x | as long as short |
| Nado NBIS-PERP | −0.178% | +0.0193% | 1h | $30K | $65K | 3x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | −0.153% | 0.0000% | 1h | $35K | $84K | 10x | as long as short |
| Arcus NBIS-USD | −0.149% | +0.0040% | 1h | $40K | $81K | 5x | as long as short |
| SoDEX NBIS-USD | −0.145% | +0.0050% | 1h | $66 | $20K | 10x | as long as short |
| KuCoin NBISUSDTM | −0.128% | +0.0100% | 8h | $500K | $18K | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX NBIS-USDT | −0.111% | 0.0000% | 8h | $1K | $1.6M | 10x | as long as short |
| Aster NBISUSDT | −0.099% | +0.0159% | 8h | $96K | $169K | 50x | as long as short |
| Ondo Perps NBIS-USD.P | −0.098% | +0.0050% | 1h | $155K | $453K | 10x | as long as short |
| Bitget NBISUSDT | −0.098% | 0.0000% | 8h | $2.4M | $3.5M | 20x | as long as short |
| Gate NBIS_USDT | −0.089% | 0.0000% | 8h | $3.0M | $4.0M | 50x | as long as short |
| Extended NBIS-USD | −0.084% | +0.0056% | 1h | $171K | $693K | 10x | as long as short |
| tradeXYZ xyz:NBIS | −0.077% | +0.0071% | 1h | $55.2M | $18.9M | 10x | as long as short |
| Bybit NBISUSDT | −0.077% | +0.0041% | 8h | $5.3M | $4.8M | 50x | as long as short |
| QFEX NBIS-USD | −0.077% | +0.0036% | 1h | $1.3M | $4.1M | 10x | as long as short |
| Binance NBISUSDT | −0.076% | +0.0052% | 8h | $21.7M | $61.3M | 25x | as long as short |
| OKX NBIS-USDT-SWAP | −0.072% | +0.0026% | 8h | $3.5M | $13.2M | 25x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | −0.072% | +0.0100% | 8h | $2K | $4K | 10x | as long as short |
| Aevo NBIS-PERP | −0.064% | +0.0104% | 1h | — | — | 10x | as long as short |
| Lighter NBIS | −0.064% | +0.0104% | 1h | $1.0M | $4.0M | 10x | as long as short |
| BloFin NBIS-USDT | −0.013% | +0.0072% | 8h | $215K | $190K | 20x | as long as short |
| Variational Omni NBIS | −0.005% | +0.0050% | 8h | $2.8M | $765K | — | as long as short |
| Polymarket Perps NBIS-USDlong | 0.000% | +0.0050% | 1h | $125K | $508K | 10x | |
| HTX NBIS-USDT | +0.017% | 0.0000% | 8h | $18K | $109K | 20x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.038% | +0.0528% | 1h | $360K | $494K | 10x | as long as short |
| Vest NBIS-USD-PERP | +0.170% | +0.0046% | 1h | — | $131K | 5x | as long as short |