Funding you earn now, next payment 00:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.05 per $10,000 · paid last 24h +0.006%
Price spread now: BloFin against Bybit−0.178%7-day average −0.161% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$950.955% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 3 days (all we have)−0.115%−$12 · spread now −0.178%, 7d avg −0.161%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NILUSDT | 0.06741 | 0.0100 | pay 0.0050% / 4h | 1h 12m | $3.5M | $14.2M | 20x |
| Short | BloFin NIL-USDT | 0.06729 | 0.0091 | get 0.0045% / 4h | 1h 12m | $347K | $148K | 50x |
Bybit NILUSDT
BloFin NIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$1.91
- Price spread: −0.178% → −0.161%
- −$1.67
- Slippage, 4 orders
- −$72.47
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$99.04
- Costs to cover
- 0.955%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 6 min ago; BloFin: live order book, 2 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, 6 min ago | 3.70 bp | 26.4 bp −$26 | 178.0 bp −$1,780 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 2.23 bp | 19.8 bp −$20 | 78.3 bp −$783 | 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 | +0.0091% | 4h | 0.06729 | −0.178% | $347K | $148K | 50x | |
| Aster NILUSDT | +0.0100% | 4h | 0.06731 | −0.146% | $20K | $368K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06735 | −0.084% | $5.2M | $81.3M | 50x | as long as short |
| Bybit NILUSDTlong | +0.0100% | 4h | 0.06741 | long leg | $3.5M | $14.2M | 20x | |
| Gate NIL_USDT | +0.0100% | 4h | 0.06730 | −0.163% | $429K | $2.1M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06728 | −0.193% | $2.4M | $5.3M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06731 | −0.148% | $490K | $713K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06736 | −0.074% | $1.7M | $9.0M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06736 | −0.074% | — | $8.6M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06749 | +0.114% | $50K | $141K | — | as long as short |
Aster NILUSDT
Binance 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 | 0.06732 | −0.141% | $16K | $94K | 5x | as long as short |
| Hyperliquid NIL | +0.1255% | 1h | 0.06749 | +0.113% | $4.0M | $4.6M | 3x | as long as short |
Extended NIL-USD
Hyperliquid NIL