Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit−0.109%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1011.014% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 7 days+0.014%+$1 · spread now −0.109%, 7d avg −0.073%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.035% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.073%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NILUSDT | 0.06887 | 0.0100 | pay 0.0050% / 4h | 59m 30s | $3.8M | $14.3M | 20x |
| Short | Binance NILUSDT | 0.06880 | 0.0100 | get 0.0050% / 4h | 59m 30s | $5.3M | $81.1M | 50x |
Bybit NILUSDT
Binance NILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $0
- Price spread: −0.109% → −0.073%
- −$3.53
- Slippage, 4 orders
- −$80.38
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$104.91
- Costs to cover
- 1.014%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 13 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 Bybit live order book, 4 min ago | 3.61 bp | 31.8 bp −$32 | 180.4 bp −$1,804 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.74 bp | 23.8 bp −$24 | 104.8 bp −$1,048 | 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-USDT | +0.0041% | 4h | 0.06881 | −0.087% | $348K | $150K | 50x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.06881 | −0.083% | $21K | $364K | 5x | as long as short |
| Binance NILUSDTshort | +0.0100% | 4h | 0.06880 | −0.109% | $5.3M | $81.1M | 50x | |
| Bybit NILUSDTlong | +0.0100% | 4h | 0.06887 | long leg | $3.8M | $14.3M | 20x | |
| Gate NIL_USDT | +0.0100% | 4h | 0.06882 | −0.073% | $446K | $2.0M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06881 | −0.087% | $2.4M | $5.0M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06883 | −0.058% | $515K | $713K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06880 | −0.102% | $1.8M | $9.0M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06878 | −0.131% | — | $8.6M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06889 | +0.023% | $177K | $266K | — | as long as short |
BloFin NIL-USDT
Aster NILUSDT
Gate NIL_USDT
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 | 0.06875 | −0.173% | $17K | $94K | 5x | as long as short |
| Hyperliquid NIL | +0.1287% | 1h | 0.06905 | +0.261% | $4.1M | $4.6M | 3x | as long as short |
Extended NIL-USD
Hyperliquid NIL