Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.16 per $10,000 · paid last 24h +0.006%
Price spread now: BloFin against Binance+0.487%81s7-day average −0.053% · 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—prices read too far apart to compare
costs, in and out, $10k−$1171.167% of the position
Funding, last 7 days+0.022%+$2 on $10k
+Price spread, last 4 days (all we have)−0.971%−$97 · spread now +0.487%, 7d avg −0.053%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.540% dearer against Binance than usual: you sell high and buy low: +$54 more if the spread goes back to its 7-day average of −0.053%. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NILUSDT | 0.07094 | 0.0100 | pay 0.0050% / 4h | 1h 09m | $5.5M | $75.6M | 50x |
| Short | BloFin NIL-USDT | 0.07129 | 0.0132 | get 0.0066% / 4h | 1h 09m | $365K | $128K | 50x |
Binance NILUSDT
BloFin NIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $6.64
- Price spread: +0.487% → −0.053%
- $53.97
- Slippage, 4 orders
- −$94.71
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$56.1
- Costs to cover
- 1.167%
- Break-even
- 66.1 days
Slippage from Binance: live order book, 3 min ago; BloFin: live order book, 30 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 Binance live order book, 3 min ago | 2.10 bp | 24.1 bp −$24 | 196.8 bp −$1,968 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 30 min ago | 7.10 bp | 42.2 bp −$42 | 140.3 bp −$1,403 | 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 | 0.07114 | +0.282% | $23K | $330K | 5x | as long as short |
| Binance NILUSDTlong | +0.0100% | 4h | 0.07094 | long leg | $5.5M | $75.6M | 50x | |
| Bybit NILUSDT | +0.0100% | 4h | 0.07098 | +0.050% | $3.9M | $13.9M | 20x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.07086 | −0.119% | $2.5M | $4.4M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.07097 | +0.036% | $578K | $715K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.07095 | +0.008% | $1.8M | $8.4M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.07090 | −0.063% | — | $8.5M | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07093 | −0.017% | $22K | $96K | 5x | as long as short |
| BloFin NIL-USDTshort | +0.0132% | 4h | 0.07129 | +0.487% | $365K | $128K | 50x | |
| Variational Omni NIL | +0.0202% | 4h | 0.07132 | +0.531% | $183K | $280K | — | as long as short |
Aster NILUSDT
Bybit NILUSDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
BingX NIL-USDT
Extended NIL-USD
Variational Omni NILShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NIL_USDT | +0.0296% | 4h | 0.07093 | −0.020% | $448K | $2.0M | 50x | as long as short |
| Hyperliquid NIL | +0.1678% | 1h | 0.07111 | +0.239% | $4.4M | $4.6M | 3x | as long as short |
Gate NIL_USDT
Hyperliquid NIL