Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: MEXC against Gate−0.086%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$200as in the Price arb table
costs, in and out, $10k−$1961.964% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 7 days−0.003%$0 · spread now −0.086%, 7d avg −0.053%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.034% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate NIL_USDT | 0.06972 | 0.0100 | pay 0.0050% / 4h | 3h 13m | $454K | $2.0M | 50x |
| Short | MEXC NIL_USDT | 0.06966 | 0.0100 | get 0.0050% / 4h | 3h 13m | $2.2M | $4.2M | 100x |
Gate NIL_USDT
MEXC NIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.086% → −0.053%
- −$3.35
- Slippage, 4 orders
- −$177.39
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$199.75
- Costs to cover
- 1.964%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 min ago; MEXC: live order book, 4 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, 4 min ago | 12.27 bp | 37.6 bp −$38 | 260.1 bp −$2,601 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.73 bp | 69.1 bp −$69 | 191.0 bp −$1,910 | 346.0 bp −$34.6K | 622.7 bp −$311.4K |
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 | +0.0075% | 4h | 0.06977 | +0.072% | $348K | $126K | 50x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.06958 | −0.201% | $23K | $315K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06972 | −0.002% | $5.3M | $73.2M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.06988 | +0.229% | $3.8M | $13.6M | 20x | as long as short |
| Gate NIL_USDTlong | +0.0100% | 4h | 0.06972 | long leg | $454K | $2.0M | 50x | |
| MEXC NIL_USDTshort | +0.0100% | 4h | 0.06966 | −0.086% | $2.2M | $4.2M | 100x | |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06979 | +0.100% | $586K | $690K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06979 | +0.100% | $1.9M | $8.4M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06977 | +0.072% | — | $8.4M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06902 | −1.000% | $177K | $264K | — | as long as short |
BloFin NIL-USDT
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
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 | 0.06972 | +0.004% | $18K | $142K | 5x | as long as short |
| Hyperliquid NIL | +0.1145% | 1h | 0.06989 | +0.241% | $4.4M | $4.7M | 3x | as long as short |
Extended NIL-USD
Hyperliquid NIL