Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.006%
Price spread now: BloFin against Bitget+0.128%7-day average −0.041% · 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−$94as in the Price arb table
costs, in and out, $10k−$1111.108% of the position
Funding, last 7 days+0.022%+$2 on $10k
+Price spread, last 4 days (all we have)−0.415%−$41 · spread now +0.128%, 7d avg −0.041%
=The price spread pays, funding is against you. BloFin is 0.169% dearer against Bitget than usual: you sell high and buy low (spread +0.128% now, against its 7-day average of −0.041%): +$17 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 19 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget NILUSDT | 0.07014 | 0.0100 | pay 0.0050% / 4h | 31m 01s | $1.8M | $8.4M | 50x |
| Short | BloFin NIL-USDT | 0.07023 | 0.0070 | get 0.0035% / 4h | 31m 01s | $353K | $126K | 50x |
Bitget NILUSDT
BloFin NIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- −$6.24
- Price spread: +0.128% → −0.041%
- $16.94
- Slippage, 4 orders
- −$86.79
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$100.1
- Costs to cover
- 1.108%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 4 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 Bitget live order book, 2 min ago | 9.16 bp | 30.5 bp −$31 | 133.8 bp −$1,338 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDTshort | +0.0070% | 4h | 0.07023 | +0.128% | $353K | $126K | 50x | |
| Aster NILUSDT | +0.0100% | 4h | 0.07031 | +0.239% | $23K | $319K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.07015 | +0.014% | $5.4M | $74.8M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.07027 | +0.185% | $3.9M | $13.9M | 20x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.07027 | +0.185% | $2.4M | $4.3M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.07049 | +0.499% | $587K | $708K | 30x | as long as short |
| Bitget NILUSDTlong | +0.0100% | 4h | 0.07014 | long leg | $1.8M | $8.4M | 50x | |
| BingX NIL-USDT | +0.0100% | 4h | 0.07026 | +0.171% | — | $8.4M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.07037 | +0.325% | $181K | $280K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07025 | +0.158% | $19K | $91K | 5x | as long as short |
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
MEXC NIL_USDT
KuCoin NILUSDTM
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate NIL_USDT | +0.0110% | 4h | 0.07029 | +0.214% | $454K | $2.0M | 50x | as long as short |
| Hyperliquid NIL | +0.0770% | 1h | 0.07033 | +0.271% | $4.4M | $4.6M | 3x | as long as short |
Gate NIL_USDT
Hyperliquid NIL