Settings8H · net · $10k
Funding arb · Price arb /

NIL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Bitget against Extended+0.280%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$276as in the Funding arb table
Net, price: spread back to 7d avg − costs−$250as in the Price arb table
costs, in and out, $10k−$2752.752% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.008%−$1 on $10k
Price spread, last 4 days (all we have)−0.228%−$23 · spread now +0.280%, 7d avg +0.033%
Together, before fees−0.237%+ Points / potential airdropExtended: Active · farm board−$24 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.247% dearer against Extended than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended NIL-USD0.075450.0104pay 0.0013% / 1h8m 47s$23K$192K5x
ShortBitget NILUSDT0.075660.0100get 0.0050% / 4h1h 08m$2.1M$7.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$0.84
Price spread: +0.280% → +0.033%
$24.67
Slippage, 4 orders
−$258.16
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$251.33
Costs to cover
2.752%
Break-even
never at this rate
Slippage from Extended: live order book, 59 min ago; Bitget: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 59 min ago5.57 bp137.2 bp −$137622.4 bp −$6,224doesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago7.88 bp30.4 bp −$30doesn't fitdoesn't fitdoesn't fit

NIL on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NILUSDT+0.0100%4h0.07552+0.094%$32K$321K5xas long as short
Binance NILUSDT+0.0100%4h0.07543−0.022%$5.8M$57.1M50xas long as short
Bybit NILUSDT+0.0100%4h0.07560+0.201%$4.2M$11.2M20xas long as short
Gate NIL_USDT+0.0100%4h0.07555+0.134%$468K$1.7M50xas long as short
MEXC NIL_USDT+0.0100%4h0.07530−0.197%$2.3M$3.8M100xas long as short
Bitget NILUSDTshort+0.0100%4h0.07566+0.280%$2.1M$7.0M50x
BingX NIL-USDT+0.0100%4h0.07553+0.108%$8.2Mas long as short
Variational Omni NIL+0.0100%4h0.07604+0.778%$199K$241Kas long as short
Extended NIL-USDlong+0.0104%1h0.07545long leg$23K$192K5x
BloFin NIL-USDT+0.0130%4h0.07564+0.254%$366K$102K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NILUSDTM+0.0198%4h0.07551+0.081%$566K$575K30xas long as short
Hyperliquid NIL+0.1407%1h0.07578+0.440%$4.9M$4.6M3xas long as short