Funding you earn now, next payment 04:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.27 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against BingX+0.029%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1331.332% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.029%, 7d avg +0.021%
=The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX NIL-USDT | 0.06846 | 0.0154 | pay 0.0077% / 4h | 3h 49m | — | $8.5M | — |
| Short | Gate NIL_USDT | 0.06848 | 0.0100 | get 0.0050% / 4h | 3h 49m | $437K | $1.9M | 50x |
BingX NIL-USDT
Gate NIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BingX. 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
- −$11.34
- Price spread: +0.029% → +0.021%
- $0.85
- Slippage, 4 orders
- −$108.15
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$143.64
- Costs to cover
- 1.332%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Gate: live order book, 3 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 BingX live order book, 8 min ago | 4.37 bp | 21.9 bp −$22 | 88.0 bp −$880 | 494.3 bp −$49.4K | 708.2 bp −$354.1K |
| Sell Gate live order book, 3 min ago | 14.57 bp | 40.9 bp −$41 | 277.5 bp −$2,775 | 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 | 0.06847 | +0.016% | $22K | $341K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06839 | −0.102% | $5.3M | $78.1M | 50x | as long as short |
| Gate NIL_USDTshort | +0.0100% | 4h | 0.06848 | +0.029% | $437K | $1.9M | 50x | |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06853 | +0.102% | $2.4M | $4.7M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06844 | −0.029% | $511K | $678K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06844 | −0.029% | $1.8M | $8.5M | 50x | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.06835 | −0.155% | $19K | $92K | 5x | as long as short |
| BloFin NIL-USDT | +0.0111% | 4h | 0.06847 | +0.015% | $346K | $140K | 50x | as long as short |
| Bybit NILUSDT | +0.0130% | 4h | 0.06847 | +0.015% | $3.8M | $13.9M | 20x | as long as short |
| BingX NIL-USDTlong | +0.0154% | 4h | 0.06846 | long leg | — | $8.5M | — |
Aster NILUSDT
Binance NILUSDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
Extended NIL-USD
BloFin NIL-USDT
Bybit NILUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NIL | +0.0177% | 4h | 0.06857 | +0.167% | $176K | $265K | — | as long as short |
| Hyperliquid NIL | +0.4889% | 1h | 0.06883 | +0.546% | $4.3M | $4.5M | 3x | as long as short |
Variational Omni NIL
Hyperliquid NIL