Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.16 per $10,000 · paid last 24h −0.007%
Price spread now: BingX against BloFin−0.575%96s7-day average +0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as 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−$1191.189% of the position
Funding, last 7 days−0.025%−$2 on $10k
+Price spread, last 3 days (all we have)+0.714%+$71 · spread now −0.575%, 7d avg +0.072%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.647% cheaper against BloFin than usual: you would sell low and buy high (−$65 if the spread goes back to its 7-day average of +0.072%). Swap the legs. The two prices were read 96 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 | 0.07129 | 0.0132 | pay 0.0066% / 4h | 1h 09m | $365K | $128K | 50x |
| Short | BingX NIL-USDT | 0.07088 | 0.0100 | get 0.0050% / 4h | 1h 09m | — | $8.5M | — |
BloFin NIL-USDT
BingX NIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$6.64
- Price spread: −0.575% → +0.072%
- −$64.67
- Slippage, 4 orders
- −$96.92
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$190.23
- Costs to cover
- 1.189%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 31 min ago; BingX: live order book, 8 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, 31 min ago | 7.10 bp | 24.6 bp −$25 | 127.1 bp −$1,271 | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 4.18 bp | 26.8 bp −$27 | 139.8 bp −$1,398 | 426.1 bp −$42.6K | 764.3 bp −$382.1K |
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 | 0.07104 | −0.348% | $23K | $330K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.07089 | −0.561% | $5.5M | $75.6M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.07108 | −0.295% | $3.9M | $13.9M | 20x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.07090 | −0.547% | $2.5M | $4.4M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.07094 | −0.491% | $578K | $715K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.07102 | −0.379% | $1.8M | $8.4M | 50x | as long as short |
| BingX NIL-USDTshort | +0.0100% | 4h | 0.07088 | −0.575% | — | $8.5M | — | |
| Extended NIL-USD | +0.0104% | 1h | 0.07093 | −0.511% | $22K | $96K | 5x | as long as short |
| BloFin NIL-USDTlong | +0.0132% | 4h | 0.07129 | long leg | $365K | $128K | 50x | |
| Variational Omni NIL | +0.0202% | 4h | 0.07132 | +0.044% | $183K | $280K | — | as long as short |
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
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 | +0.0274% | 4h | 0.07092 | −0.519% | $448K | $2.0M | 50x | as long as short |
| Hyperliquid NIL | +0.1678% | 1h | 0.07111 | −0.247% | $4.4M | $4.6M | 3x | as long as short |
Gate NIL_USDT
Hyperliquid NIL