Funding you earn now, next payment 04:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.10 per $10,000 · paid last 24h +0.002%
Price spread now: MEXC against BingX+0.085%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1131.130% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.115%−$11 · spread now +0.085%, 7d avg −0.011%
=The price spread pays, funding is against you. MEXC is 0.096% dearer against BingX than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of −0.011%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX NIL-USDT | 0.07091 | 0.0120 | pay 0.0060% / 4h | 2h 07m | — | $8.4M | — |
| Short | MEXC NIL_USDT | 0.07097 | 0.0100 | get 0.0050% / 4h | 2h 07m | $2.4M | $4.6M | 100x |
BingX NIL-USDT
MEXC NIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$4.2
- Price spread: +0.085% → −0.011%
- $9.58
- Slippage, 4 orders
- −$98.96
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$107.59
- Costs to cover
- 1.130%
- Break-even
- never at this rate
Slippage from BingX: live order book, 15 min ago; MEXC: live order book, 5 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, 15 min ago | 5.69 bp | 26.0 bp −$26 | 96.2 bp −$962 | 444.8 bp −$44.5K | 646.5 bp −$323.2K |
| Sell MEXC live order book, 5 min ago | 7.05 bp | 23.0 bp −$23 | 109.2 bp −$1,092 | 300.2 bp −$30.0K | 599.1 bp −$299.6K |
NIL on 11 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 | 0.07079 | −0.165% | $23K | $343K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.07092 | +0.014% | $5.5M | $74.7M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.07098 | +0.099% | $3.9M | $13.5M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.07088 | −0.042% | $451K | $1.9M | 50x | as long as short |
| MEXC NIL_USDTshort | +0.0100% | 4h | 0.07097 | +0.085% | $2.4M | $4.6M | 100x | |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.07081 | −0.141% | $537K | $655K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.07097 | +0.085% | $1.8M | $8.1M | 50x | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07081 | −0.148% | $17K | $91K | 5x | as long as short |
| BingX NIL-USDTlong | +0.0120% | 4h | 0.07091 | long leg | — | $8.4M | — | |
| Variational Omni NIL | +0.0271% | 4h | 0.07101 | +0.145% | $192K | $268K | — | as long as short |
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
Gate NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
Extended NIL-USD
Variational Omni NILShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid NIL | +0.2374% | 1h | 0.07115 | +0.337% | $4.5M | $4.4M | 3x | as long as short |
Hyperliquid NIL