Spread before costs (cost unknown: a leg has no order-book sample)+0.075%
7d average—if it closes, per $10,000$7funding while held, a day−$0.15
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni NBIS | 233.92 | 0.0005 | pay 0.0005% / 8h | 6h 52m | $2.8M | $781K | — |
| Short | Deribit NBIS_USDC-PERPETUAL | 234.09 | 0 | get 0.0000% / 1h | 52m 19s | $35K | $87K | 10x |
Variational Omni NBIS
Deribit NBIS_USDC-PERPETUALPrice 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
- $7.46
- Funding while held
- −$0.15
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $0.31
- Spread needed to break even
- 0.070%
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0005%
- Per $10,000 a day
- −$0.15
- 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 Variational Omni RFQ quote, 3 min ago | 2.77 bp | doesn't fit | 43.9 bp −$439 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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.Coinbase International233.33cheapestOndo Perps233.81+0.206%
Coinbase International
Ondo PerpsVariational Omni233.92+0.251%
Kraken Futures233.93+0.258%KuCoin234.00+0.287%Bitget234.07+0.317%SoDEX234.08+0.321%tradeXYZ234.09+0.326%OKX234.09+0.326%
Kraken Futures
KuCoin
Bitget
SoDEX
tradeXYZ
OKXDeribit234.09+0.326%
Arcus234.11+0.334%Entropy234.14+0.347%Bybit234.14+0.347%Aevo234.15+0.351%Binance234.15+0.351%SunX234.16+0.356%Nado234.19+0.367%Extended234.19+0.368%Polymarket Perps234.20+0.373%Orderly234.20+0.373%Phoenix234.21+0.377%edgeX234.22+0.382%Gate234.23+0.386%Aster234.26+0.399%Lighter234.29+0.411%QFEX234.31+0.420%Phemex234.38+0.450%BloFin234.40+0.459%HTX234.50+0.501%Vest234.68+0.579%
Arcus
Entropy
Bybit
Aevo
Binance
SunX
Nado
Extended
Polymarket Perps
Orderly
Phoenix
Gate
Aster
Lighter
QFEX
Phemex
BloFin
HTX
VestNBIS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International NBIS-PERP-INTX | −0.250% | +0.0272% | 1h | $369K | $538K | 10x | as long as short |
| Ondo Perps NBIS-USD.P | −0.045% | +0.0050% | 1h | $157K | $475K | 10x | as long as short |
| Variational Omni NBISlong | 0.000% | +0.0005% | 8h | $2.8M | $781K | — | |
| Kraken Futures PF_NBISUSD | +0.007% | −0.0163% | 1h | $25K | $13K | 20x | as long as short |
| KuCoin NBISUSDTM | +0.036% | +0.0100% | 8h | $499K | $19K | 20x | as long as short |
| Bitget NBISUSDT | +0.066% | 0.0000% | 8h | $2.6M | $4.2M | 20x | as long as short |
| SoDEX NBIS-USD | +0.070% | +0.0050% | 1h | $98 | $20K | 10x | as long as short |
| tradeXYZ xyz:NBIS | +0.075% | +0.0050% | 1h | $54.8M | $19.7M | 10x | as long as short |
| OKX NBIS-USDT-SWAP | +0.075% | 0.0000% | 8h | $3.5M | $15.0M | 25x | as long as short |
| Deribit NBIS_USDC-PERPETUALshort | +0.075% | 0.0000% | 1h | $35K | $87K | 10x |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Arcus NBIS-USD | +0.083% | +0.0040% | 1h | $41K | $93K | 5x | as long as short |
| Entropy io:NBIS | +0.096% | +0.0299% | 1h | $10.3M | $3.1M | 10x | as long as short |
| Bybit NBISUSDT | +0.096% | 0.0000% | 8h | $5.3M | $5.6M | 50x | as long as short |
| Aevo NBIS-PERP | +0.100% | +0.0104% | 1h | — | — | 10x | as long as short |
| Binance NBISUSDT | +0.100% | +0.0041% | 8h | $21.7M | $70.0M | 25x | as long as short |
| SunX NBIS-USDT | +0.105% | 0.0000% | 8h | $1K | $1.7M | 10x | as long as short |
| Nado NBIS-PERP | +0.116% | +0.0279% | 1h | $29K | $65K | 3x | as long as short |
| Extended NBIS-USD | +0.116% | +0.0040% | 1h | $160K | $673K | 10x | as long as short |
| Polymarket Perps NBIS-USD | +0.122% | +0.0050% | 1h | $129K | $520K | 10x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.122% | +0.0100% | 8h | $2K | $4K | 10x | as long as short |
| Phoenix NBIS | +0.126% | +0.0274% | 1h | $7K | $173K | 10x | as long as short |
| edgeX NBISUSDC | +0.130% | +0.0862% | 4h | $38K | $236K | 10x | as long as short |
| Gate NBIS_USDT | +0.134% | 0.0000% | 8h | $3.0M | $4.5M | 50x | as long as short |
| Aster NBISUSDT | +0.147% | +0.0156% | 8h | $103K | $209K | 50x | as long as short |
| Lighter NBIS | +0.160% | +0.0144% | 1h | $1.0M | $4.3M | 10x | as long as short |
| QFEX NBIS-USD | +0.169% | +0.0042% | 1h | $1.3M | $4.4M | 10x | as long as short |
| Phemex NBISUSDT | +0.199% | 0.0000% | 8h | $1.6M | $819K | 10x | as long as short |
| BloFin NBIS-USDT | +0.207% | +0.0023% | 8h | $214K | $198K | 20x | as long as short |
| HTX NBIS-USDT | +0.250% | 0.0000% | 8h | $18K | $109K | 20x | as long as short |
| Vest NBIS-USD-PERP | +0.327% | +0.0046% | 1h | — | $134K | 5x | as long as short |