Funding you earn now, next payment 00:00 UTC+0.0044%/8h= +4.9% APRnext payment +$0.22 per $10,000 · paid last 24h −0.009%
Price spread now: Gate against BloFin+0.029%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1171.174% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 3 days (all we have)+0.264%+$26 · spread now +0.029%, 7d avg +0.089%
=Funding pays, the price is against you. Gate is 0.060% cheaper against BloFin than usual: you would sell low and buy high (spread +0.029% now, against its 7-day average of +0.089%). If the spread goes back, that is −$6 on $10k: about 4.5 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.079%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin NIL-USDT | 0.06881 | 0.0056 | pay 0.0028% / 4h | 58m 49s | $353K | $150K | 50x |
| Short | Gate NIL_USDT | 0.06883 | 0.0100 | get 0.0050% / 4h | 58m 49s | $446K | $2.0M | 50x |
BloFin NIL-USDT
Gate NIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $9.31
- Price spread: +0.029% → +0.089%
- −$5.97
- Slippage, 4 orders
- −$90.36
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$114.02
- Costs to cover
- 1.174%
- Break-even
- 92.7 days
Slippage from BloFin: live order book, 16 min ago; Gate: 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 BloFin live order book, 16 min ago | 2.23 bp | 23.2 bp −$23 | 90.5 bp −$905 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 11.63 bp | 41.2 bp −$41 | 235.3 bp −$2,353 | 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-USDTlong | +0.0056% | 4h | 0.06881 | long leg | $353K | $150K | 50x | |
| Aster NILUSDT | +0.0100% | 4h | 0.06886 | +0.073% | $21K | $364K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06875 | −0.086% | $5.3M | $81.1M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.06885 | +0.058% | $3.8M | $14.3M | 20x | as long as short |
| Gate NIL_USDTshort | +0.0100% | 4h | 0.06883 | +0.029% | $446K | $2.0M | 50x | |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06876 | −0.073% | $2.4M | $5.0M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06894 | +0.189% | $516K | $713K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06880 | −0.015% | $1.8M | $9.0M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06879 | −0.029% | — | $8.6M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06889 | +0.110% | $177K | $266K | — | as long as short |
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
BingX NIL-USDT
Variational Omni NILShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended NIL-USD | +0.0104% | 1h | 0.06882 | +0.009% | $17K | $94K | 5x | as long as short |
| Hyperliquid NIL | +0.1171% | 1h | 0.06904 | +0.340% | $4.1M | $4.6M | 3x | as long as short |
Extended NIL-USD
Hyperliquid NIL