Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against MEXC+0.045%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1151.145% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.045%, 7d avg −0.005%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.050% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC NIL_USDT | 0.06978 | 0.0100 | pay 0.0050% / 4h | 2h 30m | $2.3M | $4.5M | 100x |
| Short | Binance NILUSDT | 0.06981 | 0.0100 | get 0.0050% / 4h | 2h 30m | $5.4M | $74.7M | 50x |
MEXC NIL_USDT
Binance NILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against MEXC. 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: +0.045% → −0.005%
- $5.03
- Slippage, 4 orders
- −$100.5
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$109.47
- Costs to cover
- 1.145%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; Binance: live order book, 12 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 MEXC live order book, 2 min ago | 12.99 bp | 31.5 bp −$32 | 134.9 bp −$1,349 | 303.1 bp −$30.3K | 507.3 bp −$253.6K |
| Sell Binance live order book, 12 min ago | 1.44 bp | 25.7 bp −$26 | 137.0 bp −$1,370 | doesn't fit | doesn't fit |
NIL on 11 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 | 0.06968 | −0.148% | $23K | $343K | 5x | as long as short |
| Binance NILUSDTshort | +0.0100% | 4h | 0.06981 | +0.045% | $5.4M | $74.7M | 50x | |
| Gate NIL_USDT | +0.0100% | 4h | 0.06974 | −0.057% | $446K | $1.9M | 50x | as long as short |
| MEXC NIL_USDTlong | +0.0100% | 4h | 0.06978 | long leg | $2.3M | $4.5M | 100x | |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06964 | −0.201% | $520K | $653K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06986 | +0.115% | $1.8M | $8.2M | 50x | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.06976 | −0.025% | $17K | $94K | 5x | as long as short |
| Bybit NILUSDT | +0.0252% | 4h | 0.06990 | +0.172% | $3.9M | $13.5M | 20x | as long as short |
| BingX NIL-USDT | +0.0268% | 4h | 0.06986 | +0.115% | — | $8.5M | — | as long as short |
| Variational Omni NIL | +0.0379% | 4h | 0.06952 | −0.374% | $180K | $265K | — | as long as short |
Aster NILUSDT
Gate NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
Extended NIL-USD
Bybit NILUSDT
BingX NIL-USDT
Variational Omni NILShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid NIL | +0.2601% | 1h | 0.07007 | +0.420% | $4.4M | $4.5M | 3x | as long as short |
Hyperliquid NIL