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Price arb /

NBIS

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Spread before costs (cost unknown: a leg has no order-book sample)+0.104%
7d average+0.008%if it closes, per $10,000$10funding while held, a day−$0.80
Long on Polymarket PerpsShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps NBIS-USD232.230.0050pay 0.0006% / 1h40m 31s$123K$513K10x
ShortVariational Omni NBIS232.470.0023get 0.0023% / 8h7h 40m$2.8M$781K—

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
$10.4
Funding while held
−$0.8
Slippage, 4 orders
no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$1.6
Spread needed to break even
0.080%
Slippage unknown: Polymarket Perps: live order book, 4 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0027%
Per $10,000 a day
−$0.80
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, 4 min ago2.15 bp6.1 bp −$67.4 bp −$7434.7 bp −$3,465doesn't fit
Sell Variational Omni RFQ quote, 5 min ago4.58 bpdoesn't fit41.9 bp −$419doesn't fitdoesn't fit

NBIS price on every exchange

against the cheapest. Click to use as the short leg.
Kraken Futures232.20cheapestNado232.22+0.007%Bybit232.23+0.012%KuCoin232.23+0.012%
Polymarket Perps232.23+0.012%
Arcus232.24+0.016%tradeXYZ232.28+0.033%Binance232.35+0.063%Aster232.37+0.072%OKX232.39+0.081%QFEX232.40+0.085%Deribit232.40+0.085%SoDEX232.42+0.094%Extended232.43+0.096%Aevo232.43+0.097%Bitget232.44+0.102%Orderly232.46+0.111%SunX232.46+0.111%BloFin232.46+0.111%Ondo Perps232.47+0.115%
Variational Omni232.47+0.116%
Gate232.51+0.132%Phemex232.53+0.141%Lighter232.56+0.154%Vest232.60+0.171%Entropy232.65+0.193%Phoenix232.81+0.262%edgeX232.89+0.295%HTX233.02+0.352%Coinbase International233.69+0.641%

NBIS on 30 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_NBISUSD−0.012%−0.0095%1h$25K$12K20xas long as short
Nado NBIS-PERP−0.005%+0.0262%1h$29K$65K3xas long as short
Bybit NBISUSDT0.000%0.0000%8h$5.2M$5.2M50xas long as short
KuCoin NBISUSDTM0.000%+0.0100%8h$496K$19K20xas long as short
Polymarket Perps NBIS-USDlong0.000%+0.0050%1h$123K$513K10x
Arcus NBIS-USD+0.004%+0.0040%1h$39K$82K5xas long as short
tradeXYZ xyz:NBIS+0.022%+0.0102%1h$54.4M$19.7M10xas long as short
Binance NBISUSDT+0.052%+0.0048%8h$21.5M$67.1M25xas long as short
Aster NBISUSDT+0.060%+0.0154%8h$103K$199K50xas long as short
OKX NBIS-USDT-SWAP+0.069%+0.0004%8h$3.5M$14.2M25xas long as short
Show all 30 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
QFEX NBIS-USD+0.073%+0.0046%1h$1.3M$4.2M10xas long as short
Deribit NBIS_USDC-PERPETUAL+0.073%+0.0396%1h$34K$86K10xas long as short
SoDEX NBIS-USD+0.082%+0.0050%1h$84$20K10xas long as short
Extended NBIS-USD+0.084%+0.0048%1h$160K$675K10xas long as short
Aevo NBIS-PERP+0.085%+0.0104%1h——10xas long as short
Bitget NBISUSDT+0.090%0.0000%8h$2.6M$4.0M20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.099%+0.0100%8h$2K$4K10xas long as short
SunX NBIS-USDT+0.099%0.0000%8h$902$1.7M10xas long as short
BloFin NBIS-USDT+0.099%+0.0028%8h$216K$194K20xas long as short
Ondo Perps NBIS-USD.P+0.103%+0.0050%1h$155K$462K10xas long as short
Variational Omni NBISshort+0.104%+0.0023%8h$2.8M$781K—
Gate NBIS_USDT+0.121%0.0000%8h$2.9M$4.3M50xas long as short
Phemex NBISUSDT+0.129%0.0000%8h$1.6M$803K10xas long as short
Lighter NBIS+0.142%+0.0184%1h$1.0M$4.2M10xas long as short
Vest NBIS-USD-PERP+0.159%+0.0046%1h—$133K5xas long as short
Entropy io:NBIS+0.181%+0.0299%1h$10.2M$3.1M10xas long as short
Phoenix NBIS+0.250%+0.0274%1h$7K$168K10xas long as short
edgeX NBISUSDC+0.283%+0.0844%4h$37K$235K10xas long as short
HTX NBIS-USDT+0.340%0.0000%8h$18K$109K20xas long as short
Coinbase International NBIS-PERP-INTX+0.629%+0.0416%1h$371K$539K10xas long as short