Spread before costs (cost unknown: a leg has no order-book sample)−0.158%
7d average—if it closes, per $10,000$16funding while held, a day+$7.15
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX NBIS-USD | 233.64 | 0.0050 | pay 0.0006% / 1h | 10m 57s | $117 | $20K | 10x |
| Short | Entropy io:NBIS | 233.27 | 0.0288 | get 0.0036% / 1h | 10m 57s | $10.2M | $3.1M | 10x |
SoDEX NBIS-USD
Entropy io: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
- −$15.84
- Funding while held
- $7.15
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$34.69
- Spread needed to break even
- 0.260%
Slippage unknown: SoDEX: no order-book sample; Entropy: live order book, 7 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0238%
- Per $10,000 a day
- +$7.15
- 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Entropy live order book, 7 min ago | 0.43 bp | 16.9 bp −$17 | 20.0 bp −$200 | doesn't fit | doesn't fit |
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
NBIS price on every exchange
against the cheapest. Click to use as the short leg.Phoenix232.81cheapestVariational Omni232.92+0.048%Nado233.09+0.121%
Phoenix
Variational Omni
NadoEntropy233.27+0.198%
SunX233.28+0.202%Coinbase International233.33+0.223%Ondo Perps233.34+0.228%KuCoin233.41+0.258%HTX233.43+0.266%tradeXYZ233.46+0.279%BloFin233.49+0.292%Gate233.50+0.296%Kraken Futures233.50+0.297%edgeX233.51+0.303%Bybit233.56+0.322%Binance233.59+0.334%Arcus233.60+0.339%Bitget233.63+0.352%
SunX
Coinbase International
Ondo Perps
KuCoin
HTX
tradeXYZ
BloFin
Gate
Kraken Futures
Bybit
Binance
Arcus
BitgetSoDEX233.64+0.357%
Phemex233.64+0.357%Aster233.64+0.358%Deribit233.66+0.365%Extended233.70+0.382%Aevo233.70+0.384%Lighter233.71+0.387%QFEX233.71+0.387%Orderly233.76+0.408%Polymarket Perps233.77+0.412%OKX233.82+0.434%Vest234.02+0.520%
Phemex
Aster
Deribit
Extended
Aevo
Lighter
QFEX
Orderly
Polymarket Perps
OKX
VestNBIS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix NBIS | −0.355% | +0.0274% | 1h | $7K | $168K | 10x | as long as short |
| Variational Omni NBIS | −0.307% | +0.0005% | 8h | $2.8M | $781K | — | as long as short |
| Nado NBIS-PERP | −0.235% | +0.0263% | 1h | $29K | $65K | 3x | as long as short |
| Entropy io:NBISshort | −0.158% | +0.0288% | 1h | $10.2M | $3.1M | 10x | |
| SunX NBIS-USDT | −0.154% | 0.0000% | 8h | $1K | $1.7M | 10x | as long as short |
| Coinbase International NBIS-PERP-INTX | −0.133% | +0.0416% | 1h | $369K | $538K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | −0.128% | +0.0050% | 1h | $156K | $472K | 10x | as long as short |
| KuCoin NBISUSDTM | −0.098% | +0.0100% | 8h | $498K | $19K | 20x | as long as short |
| HTX NBIS-USDT | −0.090% | 0.0000% | 8h | $18K | $109K | 20x | as long as short |
| tradeXYZ xyz:NBIS | −0.077% | +0.0088% | 1h | $54.6M | $19.8M | 10x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin NBIS-USDT | −0.064% | +0.0052% | 8h | $215K | $196K | 20x | as long as short |
| Gate NBIS_USDT | −0.060% | 0.0000% | 8h | $2.9M | $4.4M | 50x | as long as short |
| Kraken Futures PF_NBISUSD | −0.060% | −0.0094% | 1h | $25K | $13K | 20x | as long as short |
| edgeX NBISUSDC | −0.054% | +0.0593% | 4h | $37K | $235K | 10x | as long as short |
| Bybit NBISUSDT | −0.034% | 0.0000% | 8h | $5.2M | $5.5M | 50x | as long as short |
| Binance NBISUSDT | −0.023% | +0.0046% | 8h | $21.7M | $69.2M | 25x | as long as short |
| Arcus NBIS-USD | −0.017% | +0.0040% | 1h | $41K | $93K | 5x | as long as short |
| Bitget NBISUSDT | −0.004% | 0.0000% | 8h | $2.6M | $4.1M | 20x | as long as short |
| SoDEX NBIS-USDlong | 0.000% | +0.0050% | 1h | $117 | $20K | 10x | |
| Phemex NBISUSDT | 0.000% | 0.0000% | 8h | $1.6M | $812K | 10x | as long as short |
| Aster NBISUSDT | +0.001% | +0.0160% | 8h | $103K | $206K | 50x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | +0.009% | +0.0050% | 1h | $35K | $87K | 10x | as long as short |
| Extended NBIS-USD | +0.025% | +0.0048% | 1h | $160K | $675K | 10x | as long as short |
| Aevo NBIS-PERP | +0.027% | +0.0104% | 1h | — | — | 10x | as long as short |
| Lighter NBIS | +0.030% | +0.0184% | 1h | $1.0M | $4.3M | 10x | as long as short |
| QFEX NBIS-USD | +0.030% | +0.0046% | 1h | $1.3M | $4.3M | 10x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.051% | +0.0100% | 8h | $2K | $4K | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.056% | +0.0050% | 1h | $129K | $520K | 10x | as long as short |
| OKX NBIS-USDT-SWAP | +0.077% | 0.0000% | 8h | $3.5M | $14.8M | 25x | as long as short |
| Vest NBIS-USD-PERP | +0.163% | +0.0046% | 1h | — | $133K | 5x | as long as short |