Funding you earn now, next payment 04:00 UTC+0.0016%/8h= +1.7% APRnext payment +$0.08 per $10,000 · paid last 24h −0.006%
Price spread now: MEXC against BloFin−0.223%7-day average +0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$1431.431% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 4 days (all we have)+0.707%+$71 · spread now −0.223%, 7d avg +0.062%
=Funding pays, the price is against you. MEXC is 0.284% cheaper against BloFin than usual: you would sell low and buy high (spread −0.223% now, against its 7-day average of +0.062%). If the spread goes back, that is −$28 on $10k: about 2 months of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin NIL-USDT | 0.07186 | 0.0084 | pay 0.0042% / 4h | 1h 14m | $368K | $129K | 50x |
| Short | MEXC NIL_USDT | 0.07170 | 0.0100 | get 0.0050% / 4h | 1h 14m | $2.4M | $4.4M | 100x |
BloFin NIL-USDT
MEXC NIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $3.28
- Price spread: −0.223% → +0.062%
- −$28.44
- Slippage, 4 orders
- −$127.09
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$168.25
- Costs to cover
- 1.431%
- Break-even
- 365.9 days
Slippage from BloFin: live order book, 25 min ago; MEXC: 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 BloFin live order book, 25 min ago | 7.10 bp | 24.6 bp −$25 | 127.1 bp −$1,271 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 4.86 bp | 34.2 bp −$34 | 145.6 bp −$1,456 | 319.8 bp −$32.0K | 590.3 bp −$295.1K |
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 | +0.0084% | 4h | 0.07186 | long leg | $368K | $129K | 50x | |
| Aster NILUSDT | +0.0100% | 4h | 0.07182 | −0.051% | $23K | $330K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.07160 | −0.362% | $5.6M | $75.7M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.07176 | −0.139% | $3.9M | $13.9M | 20x | as long as short |
| MEXC NIL_USDTshort | +0.0100% | 4h | 0.07170 | −0.223% | $2.4M | $4.4M | 100x | |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.07173 | −0.181% | $585K | $715K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.07171 | −0.209% | $1.8M | $8.4M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.07160 | −0.362% | — | $8.5M | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07164 | −0.311% | $22K | $96K | 5x | as long as short |
| Variational Omni NIL | +0.0224% | 4h | 0.07223 | +0.509% | $186K | $283K | — | as long as short |
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
KuCoin NILUSDTM
Bitget NILUSDT
BingX NIL-USDT
Extended NIL-USD
Variational Omni NILShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NIL_USDT | +0.0376% | 4h | 0.07164 | −0.306% | $453K | $2.0M | 50x | as long as short |
| Hyperliquid NIL | +0.1713% | 1h | 0.07176 | −0.141% | $4.5M | $4.6M | 3x | as long as short |
Gate NIL_USDT
Hyperliquid NIL