Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: Binance against Gate−0.161%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1171.166% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 4 days (all we have)+0.228%+$23 · spread now −0.161%, 7d avg −0.034%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.127% cheaper against Gate than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate NIL_USDT | 0.06837 | 0.0100 | pay 0.0050% / 4h | 1h 40m | $439K | $2.1M | 50x |
| Short | Binance NILUSDT | 0.06826 | 0.0100 | get 0.0050% / 4h | 1h 40m | $5.3M | $82.2M | 50x |
Gate NIL_USDT
Binance NILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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: −0.161% → −0.034%
- −$12.73
- Slippage, 4 orders
- −$91.63
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$129.36
- Costs to cover
- 1.166%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Binance: 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 Gate live order book, 2 min ago | 10.97 bp | 39.7 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 2.93 bp | 20.0 bp −$20 | 109.4 bp −$1,094 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster NILUSDT | +0.0100% | 4h | 0.06833 | −0.064% | $20K | $368K | 5x | as long as short |
| Binance NILUSDTshort | +0.0100% | 4h | 0.06826 | −0.161% | $5.3M | $82.2M | 50x | |
| Bybit NILUSDT | +0.0100% | 4h | 0.06834 | −0.044% | $3.6M | $14.3M | 20x | as long as short |
| Gate NIL_USDTlong | +0.0100% | 4h | 0.06837 | long leg | $439K | $2.1M | 50x | |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06835 | −0.029% | $2.4M | $5.2M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06835 | −0.029% | $496K | $717K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06822 | −0.219% | $1.7M | $9.1M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06831 | −0.088% | — | $8.6M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06827 | −0.141% | $50K | $145K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.06831 | −0.084% | $17K | $94K | 5x | as long as short |
Aster NILUSDT
Bybit NILUSDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
BingX NIL-USDT
Variational Omni NIL
Extended NIL-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDT | +0.0137% | 4h | 0.06835 | −0.029% | $354K | $151K | 50x | as long as short |
| Hyperliquid NIL | +0.1183% | 1h | 0.06849 | +0.171% | $4.1M | $4.6M | 3x | as long as short |
BloFin NIL-USDT
Hyperliquid NIL