Funding you earn now, next payment 08:00 UTC−0.0048%/8h= −5.2% APRpaid last 24h −0.006%
Price spread now: Extended against BloFin+1.312%54s7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$288as 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−$2862.863% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)−1.215%−$122 · spread now +1.312%, 7d avg −0.009%
=Together, before fees−1.229%+ Points / potential airdropExtended: Active · farm board−$123 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 1.321% dearer against BloFin than usual: you sell high and buy low (spread +1.312% now, against its 7-day average of −0.009%): +$132 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 7 days (−0.014% in total) that is about 22 months. The two prices were read 54 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 | 0.07391 | 0.0152 | pay 0.0076% / 4h | 18m 16s | $370K | $89K | 50x |
| Short | Extended NIL-USD | 0.07488 | 0.0104 | get 0.0013% / 1h | 18m 16s | $23K | $189K | 5x |
BloFin NIL-USDT
Extended NIL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$10
- Price spread: +1.312% → −0.009%
- $132.1
- Slippage, 4 orders
- −$269.25
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$164.16
- Costs to cover
- 2.863%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 62 min ago; Extended: live order book, 45 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, 62 min ago | 8.06 bp | 26.0 bp −$26 | 89.8 bp −$898 | doesn't fit | doesn't fit |
| Sell Extended live order book, 45 min ago | 3.34 bp | 71.1 bp −$71 | 599.7 bp −$5,997 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX NIL-USDT | +0.0070% | 4h | 0.07499 | +1.461% | — | $8.1M | — | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.07478 | +1.178% | $31K | $262K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.07498 | +1.448% | $5.8M | $51.5M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.07506 | +1.556% | $4.2M | $10.3M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.07504 | +1.529% | $468K | $1.5M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.07499 | +1.461% | $2.4M | $3.3M | 100x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.07505 | +1.542% | $2.1M | $6.2M | 50x | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.07552 | +2.174% | $184K | $251K | — | as long as short |
| Extended NIL-USDshort | +0.0104% | 1h | 0.07488 | +1.312% | $23K | $189K | 5x | |
| KuCoin NILUSDTM | +0.0112% | 4h | 0.07492 | +1.367% | $578K | $567K | 30x | as long as short |
BingX NIL-USDT
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
Bitget NILUSDT
Variational Omni NIL
KuCoin NILUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDTlong | +0.0152% | 4h | 0.07391 | long leg | $370K | $89K | 50x | |
| Hyperliquid NIL | +0.1732% | 1h | 0.07519 | +1.732% | $4.9M | $4.5M | 3x | as long as short |
Hyperliquid NIL