Funding you earn now, next payment 04:00 UTC−0.0015%/8h= −1.7% APRnext payment −$0.08 per $10,000 · paid last 24h −0.006%
Price spread now: Binance against BloFin−0.100%71s7-day average +0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as 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−$910.906% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 3 days (all we have)+0.221%+$22 · spread now −0.100%, 7d avg +0.052%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.152% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.052%). Swap the legs. The two prices were read 71 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 | BloFin NIL-USDT | 0.06908 | 0.0115 | pay 0.0058% / 4h | 3h 32m | $351K | $139K | 50x |
| Short | Binance NILUSDT | 0.06901 | 0.0100 | get 0.0050% / 4h | 3h 32m | $5.4M | $77.4M | 50x |
BloFin NIL-USDT
Binance NILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$3.25
- Price spread: −0.100% → +0.052%
- −$15.18
- Slippage, 4 orders
- −$68.56
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$108.99
- Costs to cover
- 0.906%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 38 min ago; Binance: live order book, 11 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 BloFin live order book, 38 min ago | 0.74 bp | 21.0 bp −$21 | 73.3 bp −$733 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 1.46 bp | 26.1 bp −$26 | 115.6 bp −$1,156 | 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 | 0.06918 | +0.141% | $23K | $341K | 5x | as long as short |
| Binance NILUSDTshort | +0.0100% | 4h | 0.06901 | −0.100% | $5.4M | $77.4M | 50x | |
| Gate NIL_USDT | +0.0100% | 4h | 0.06911 | +0.043% | $441K | $2.0M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06925 | +0.246% | $2.5M | $4.7M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06917 | +0.130% | $516K | $671K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06909 | +0.014% | $1.8M | $8.4M | 50x | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.06900 | −0.122% | $19K | $92K | 5x | as long as short |
| BloFin NIL-USDTlong | +0.0115% | 4h | 0.06908 | long leg | $351K | $139K | 50x | |
| Variational Omni NIL | +0.0264% | 4h | 0.06914 | +0.093% | $177K | $265K | — | as long as short |
| Bybit NILUSDT | +0.0395% | 4h | 0.06910 | +0.029% | $3.8M | $13.8M | 20x | as long as short |
Aster NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
Extended NIL-USD
Variational Omni NIL
Bybit NILUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX NIL-USDT | +0.0485% | 4h | 0.06907 | −0.014% | — | $8.5M | — | as long as short |
| Hyperliquid NIL | +0.4507% | 1h | 0.06947 | +0.569% | $4.4M | $4.5M | 3x | as long as short |
BingX NIL-USDT
Hyperliquid NIL