Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance+0.205%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$930.928% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 7 days−0.106%−$11 · spread now +0.205%, 7d avg +0.074%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.131% dearer against Binance than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.074%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NILUSDT | 0.06845 | 0.0100 | pay 0.0050% / 4h | 48m 27s | $5.3M | $80.6M | 50x |
| Short | Bybit NILUSDT | 0.06859 | 0.0100 | get 0.0050% / 4h | 48m 27s | $3.8M | $14.2M | 20x |
Binance NILUSDT
Bybit NILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: +0.205% → +0.074%
- $13.14
- Slippage, 4 orders
- −$71.77
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$79.63
- Costs to cover
- 0.928%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 5 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, 9 min ago | 2.92 bp | 21.1 bp −$21 | 123.1 bp −$1,231 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.63 bp | 24.3 bp −$24 | 130.5 bp −$1,305 | 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-USDT | +0.0072% | 4h | 0.06860 | +0.220% | $351K | $149K | 50x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.06855 | +0.153% | $20K | $361K | 5x | as long as short |
| Binance NILUSDTlong | +0.0100% | 4h | 0.06845 | long leg | $5.3M | $80.6M | 50x | |
| Bybit NILUSDTshort | +0.0100% | 4h | 0.06859 | +0.205% | $3.8M | $14.2M | 20x | |
| Gate NIL_USDT | +0.0100% | 4h | 0.06870 | +0.366% | $445K | $2.0M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06862 | +0.249% | $2.4M | $5.0M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06863 | +0.264% | $514K | $704K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06859 | +0.205% | $1.8M | $8.8M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06849 | +0.059% | — | $8.6M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06874 | +0.426% | $177K | $266K | — | as long as short |
BloFin NIL-USDT
Aster NILUSDT
Gate NIL_USDT
MEXC 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 | 0.06847 | +0.025% | $17K | $94K | 5x | as long as short |
| Hyperliquid NIL | +0.1546% | 1h | 0.06866 | +0.313% | $4.1M | $4.6M | 3x | as long as short |
Extended NIL-USD
Hyperliquid NIL