Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance−0.119%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1201.204% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days+0.127%+$13 · spread now −0.119%, 7d avg −0.001%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.119% cheaper against Binance than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NILUSDT | 0.07544 | 0.0100 | pay 0.0050% / 4h | 3h 39m | $5.8M | $49.2M | 50x |
| Short | MEXC NIL_USDT | 0.07535 | 0.0100 | get 0.0050% / 4h | 3h 39m | $2.5M | $3.0M | 100x |
Binance NILUSDT
MEXC NIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $0
- Price spread: −0.119% → −0.001%
- −$11.88
- Slippage, 4 orders
- −$106.38
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$132.26
- Costs to cover
- 1.204%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; MEXC: live order book, 2 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, 2 min ago | 1.33 bp | 22.4 bp −$22 | 142.7 bp −$1,427 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 4.01 bp | 37.8 bp −$38 | 117.3 bp −$1,173 | 312.0 bp −$31.2K | 590.6 bp −$295.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDT | +0.0060% | 4h | 0.07504 | −0.530% | $372K | $79K | 50x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.07536 | −0.105% | $31K | $243K | 5x | as long as short |
| Binance NILUSDTlong | +0.0100% | 4h | 0.07544 | long leg | $5.8M | $49.2M | 50x | |
| Bybit NILUSDT | +0.0100% | 4h | 0.07550 | +0.080% | $4.2M | $10.2M | 20x | as long as short |
| MEXC NIL_USDTshort | +0.0100% | 4h | 0.07535 | −0.119% | $2.5M | $3.0M | 100x | |
| Bitget NILUSDT | +0.0100% | 4h | 0.07535 | −0.119% | $2.1M | $6.1M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.07545 | +0.013% | — | $8.1M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.07527 | −0.222% | $184K | $249K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07539 | −0.067% | $20K | $194K | 5x | as long as short |
| KuCoin NILUSDTM | +0.0114% | 4h | 0.07552 | +0.106% | $630K | $576K | 30x | as long as short |
BloFin NIL-USDT
Aster NILUSDT
Bybit NILUSDT
Bitget NILUSDT
BingX NIL-USDT
Variational Omni NIL
Extended NIL-USD
KuCoin NILUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NIL_USDT | +0.0182% | 4h | 0.07539 | −0.066% | $466K | $1.4M | 50x | as long as short |
| Hyperliquid NIL | +0.1763% | 1h | 0.07563 | +0.251% | $4.9M | $4.5M | 3x | as long as short |
Gate NIL_USDT
Hyperliquid NIL