Funding you earn now, next payment 00:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.27 per $10,000 · paid last 24h +0.006%
Price spread now: BloFin against MEXC+0.029%7-day average −0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1411.409% of the position
Funding, last 7 days+0.022%+$2 on $10k
+Price spread, last 3 days (all we have)−0.264%−$26 · spread now +0.029%, 7d avg −0.058%
=The price spread pays, funding is against you. BloFin is 0.087% dearer against MEXC than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.058%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC NIL_USDT | 0.06848 | 0.0100 | pay 0.0050% / 4h | 1h 10m | $2.4M | $5.3M | 100x |
| Short | BloFin NIL-USDT | 0.06850 | 0.0047 | get 0.0023% / 4h | 1h 10m | $354K | $151K | 50x |
MEXC NIL_USDT
BloFin NIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$11.17
- Price spread: +0.029% → −0.058%
- $8.7
- Slippage, 4 orders
- −$124.95
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$143.42
- Costs to cover
- 1.409%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; BloFin: 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 MEXC live order book, 2 min ago | 7.42 bp | 29.0 bp −$29 | 115.3 bp −$1,153 | 300.4 bp −$30.0K | 563.2 bp −$281.6K |
| Sell BloFin live order book, 4 min ago | 2.23 bp | 19.8 bp −$20 | 78.3 bp −$783 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDTshort | +0.0047% | 4h | 0.06850 | +0.029% | $354K | $151K | 50x | |
| Aster NILUSDT | +0.0100% | 4h | 0.06869 | +0.309% | $21K | $364K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06879 | +0.453% | $5.3M | $81.3M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.06903 | +0.803% | $3.8M | $14.3M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.06866 | +0.263% | $438K | $2.1M | 50x | as long as short |
| MEXC NIL_USDTlong | +0.0100% | 4h | 0.06848 | long leg | $2.4M | $5.3M | 100x | |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06868 | +0.292% | $500K | $711K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06889 | +0.599% | $1.8M | $9.0M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06867 | +0.277% | — | $8.6M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06749 | −1.451% | $50K | $141K | — | as long as short |
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
Gate NIL_USDT
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 | 0.06868 | +0.290% | $17K | $94K | 5x | as long as short |
| Hyperliquid NIL | +0.1268% | 1h | 0.06908 | +0.872% | $4.1M | $4.6M | 3x | as long as short |
Extended NIL-USD
Hyperliquid NIL