Funding you earn now, next payment 08:00 UTC+0.0025%/8h= +2.8% APRnext payment +$0.13 per $10,000 · paid last 24h +0.007%
Price spread now: BloFin against Binance+0.279%51s7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1111.110% of the position
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 4 days (all we have)−0.505%−$50 · spread now +0.279%, 7d avg −0.030%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.309% dearer against Binance than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of −0.030%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NILUSDT | 0.06903 | 0.0100 | pay 0.0050% / 4h | 3h 32m | $5.3M | $73.6M | 50x |
| Short | BloFin NIL-USDT | 0.06922 | 0.0125 | get 0.0063% / 4h | 3h 32m | $345K | $125K | 50x |
Binance NILUSDT
BloFin NIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $5.34
- Price spread: +0.279% → −0.030%
- $30.92
- Slippage, 4 orders
- −$88.97
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$74.72
- Costs to cover
- 1.110%
- Break-even
- 105.0 days
Slippage from Binance: live order book, 10 min ago; BloFin: live order book, 63 min ago.
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 Binance live order book, 10 min ago | 2.15 bp | 23.8 bp −$24 | 186.6 bp −$1,866 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 63 min ago | 5.66 bp | 27.2 bp −$27 | 118.9 bp −$1,189 | doesn't fit | doesn't fit |
NIL on 12 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster NILUSDT | +0.0100% | 4h | 0.06903 | 0.000% | $22K | $314K | 5x | as long as short |
| Binance NILUSDTlong | +0.0100% | 4h | 0.06903 | long leg | $5.3M | $73.6M | 50x | |
| Bybit NILUSDT | +0.0100% | 4h | 0.06913 | +0.149% | $3.8M | $13.7M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.06902 | −0.010% | $438K | $1.9M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06901 | −0.025% | $2.2M | $4.2M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06910 | +0.106% | $581K | $693K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06905 | +0.033% | $1.8M | $8.4M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06909 | +0.091% | — | $8.4M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06925 | +0.327% | $177K | $269K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.06883 | −0.284% | $21K | $93K | 5x | as long as short |
Aster NILUSDT
Bybit NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
BingX NIL-USDT
Variational Omni NIL
Extended NIL-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDTshort | +0.0125% | 4h | 0.06922 | +0.279% | $345K | $125K | 50x | |
| Hyperliquid NIL | +0.0975% | 1h | 0.06921 | +0.261% | $4.3M | $4.7M | 3x | as long as short |
Hyperliquid NIL