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: BingX against BloFin−0.188%51s7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as 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−$1111.106% of the position
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 4 days (all we have)+0.430%+$43 · spread now −0.188%, 7d avg +0.048%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.236% cheaper against BloFin than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.048%). Swap the legs. 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 | BloFin NIL-USDT | 0.06922 | 0.0125 | pay 0.0063% / 4h | 3h 32m | $345K | $125K | 50x |
| Short | BingX NIL-USDT | 0.06909 | 0.0100 | get 0.0050% / 4h | 3h 32m | — | $8.4M | — |
BloFin NIL-USDT
BingX NIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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: −0.188% → +0.048%
- −$23.56
- Slippage, 4 orders
- −$88.6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$139.5
- Costs to cover
- 1.106%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 63 min ago; BingX: live order book, 6 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 BloFin live order book, 63 min ago | 5.66 bp | 24.8 bp −$25 | 106.4 bp −$1,064 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 5.09 bp | 32.5 bp −$33 | 117.2 bp −$1,172 | 499.0 bp −$49.9K | 767.3 bp −$383.6K |
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 | −0.279% | $22K | $314K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06903 | −0.279% | $5.3M | $73.6M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.06913 | −0.130% | $3.8M | $13.7M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.06902 | −0.289% | $438K | $1.9M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06901 | −0.303% | $2.2M | $4.2M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06910 | −0.173% | $581K | $693K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06905 | −0.246% | $1.8M | $8.4M | 50x | as long as short |
| BingX NIL-USDTshort | +0.0100% | 4h | 0.06909 | −0.188% | — | $8.4M | — | |
| Variational Omni NIL | +0.0100% | 4h | 0.06925 | +0.048% | $177K | $269K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.06883 | −0.562% | $21K | $93K | 5x | as long as short |
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
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-USDTlong | +0.0125% | 4h | 0.06922 | long leg | $345K | $125K | 50x | |
| Hyperliquid NIL | +0.0975% | 1h | 0.06921 | −0.019% | $4.3M | $4.7M | 3x | as long as short |
Hyperliquid NIL