Funding you earn now, next payment 08:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.20 per $10,000 · paid last 24h +0.007%
Price spread now: BloFin against KuCoin+0.265%7-day average −0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1511.512% of the position
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 4 days (all we have)−0.471%−$47 · spread now +0.265%, 7d avg −0.079%
=The price spread pays, funding is against you. BloFin is 0.344% dearer against KuCoin than usual: you sell high and buy low (spread +0.265% now, against its 7-day average of −0.079%): +$34 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 28 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin NILUSDTM | 0.07546 | 0.0186 | pay 0.0093% / 4h | 1h 06m | $566K | $567K | 30x |
| Short | BloFin NIL-USDT | 0.07566 | 0.0145 | get 0.0073% / 4h | 1h 06m | $366K | $102K | 50x |
KuCoin NILUSDTM
BloFin NIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. 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
- −$8.54
- Price spread: +0.265% → −0.079%
- $34.36
- Slippage, 4 orders
- −$127.15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$125.33
- Costs to cover
- 1.512%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 58 min ago; BloFin: live order book, 13 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 KuCoin live order book, 58 min ago | 14.88 bp | 46.6 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 13 min ago | 8.06 bp | 27.2 bp −$27 | 114.4 bp −$1,144 | 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 | 0.07527 | −0.258% | $32K | $321K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.07517 | −0.381% | $5.8M | $56.9M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.07527 | −0.252% | $4.2M | $11.1M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.07544 | −0.027% | $468K | $1.7M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.07502 | −0.583% | $2.3M | $3.8M | 100x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.07530 | −0.212% | $2.1M | $7.0M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.07527 | −0.252% | — | $8.1M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.07604 | +0.763% | $199K | $241K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07530 | −0.211% | $23K | $192K | 5x | as long as short |
| BloFin NIL-USDTshort | +0.0145% | 4h | 0.07566 | +0.265% | $366K | $102K | 50x |
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NILUSDTMlong | +0.0186% | 4h | 0.07546 | long leg | $566K | $567K | 30x | |
| Hyperliquid NIL | +0.1414% | 1h | 0.07544 | −0.025% | $4.9M | $4.6M | 3x | as long as short |
Hyperliquid NIL