NIL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0238%/8h= +26.1% APRnext payment +$1.19 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Gate+0.116%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1211.209% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.148%−$15 · spread now +0.116%, 7d avg −0.021%

Together, before fees−0.144%−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BingX is 0.137% dearer against Gate than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.021%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.004% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.19 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NIL_USDT	0.06902	0.0100	pay 0.0050% / 4h	2h 51m	$441K	$1.9M	50x
Short	BingX NIL-USDT	0.06910	0.0338	get 0.0169% / 4h	2h 51m	—	$8.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee BingXbpOrdersPrice spread, now +0.116%Rate

Funding earned: $49.98
Price spread: +0.116% → −0.021%: $13.66
Slippage, 4 orders: −$95.94
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$57.3
Costs to cover: 1.209%
Break-even: 15.0 days

Slippage from Gate: live order book, 2 min ago; BingX: 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	13.83 bp	38.7 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	3.63 bp	21.8 bp −$22	95.1 bp −$951	500.2 bp −$50.0K	776.1 bp −$388.0K

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	0.06899	−0.042%	$22K	$343K	5x	as long as short
Binance NILUSDT	+0.0100%	4h	0.06919	+0.250%	$5.4M	$75.6M	50x	as long as short
Gate NIL_USDTlong	+0.0100%	4h	0.06902	long leg	$441K	$1.9M	50x
MEXC NIL_USDT	+0.0100%	4h	0.06920	+0.261%	$2.3M	$4.5M	100x	as long as short
KuCoin NILUSDTM	+0.0100%	4h	0.06911	+0.130%	$516K	$660K	30x	as long as short
Bitget NILUSDT	+0.0100%	4h	0.06918	+0.232%	$1.8M	$8.3M	50x	as long as short
Extended NIL-USD	+0.0104%	1h	0.06909	+0.106%	$17K	$89K	5x	as long as short
BloFin NIL-USDT	+0.0154%	4h	0.06847	−0.797%	$351K	$122K	50x	as long as short
BingX NIL-USDTshort	+0.0338%	4h	0.06910	+0.116%	—	$8.5M	—
Variational Omni NIL	+0.0360%	4h	0.06920	+0.267%	$179K	$266K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NILUSDT	+0.0368%	4h	0.06927	+0.362%	$3.8M	$13.6M	20x	as long as short
Hyperliquid NIL	+0.2868%	1h	0.06944	+0.606%	$4.4M	$4.5M	3x	as long as short