Funding you earn now, next payment 00:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.28 per $10,000 · paid last 24h −0.009%
Price spread now: Gate against BloFin−0.623%7-day average +0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$1251.255% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 3 days (all we have)+0.953%+$95 · spread now −0.623%, 7d avg +0.089%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.712% cheaper against BloFin than usual: you would sell low and buy high (−$71 if the spread goes back to its 7-day average of +0.089%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin NIL-USDT | 0.06744 | 0.0157 | pay 0.0078% / 4h | 2h 11m | $355K | $159K | 50x |
| Short | Gate NIL_USDT | 0.06702 | 0.0100 | get 0.0050% / 4h | 2h 11m | $431K | $2.1M | 50x |
BloFin NIL-USDT
Gate NIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$11.93
- Price spread: −0.623% → +0.089%
- −$71.17
- Slippage, 4 orders
- −$98.46
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$208.57
- Costs to cover
- 1.255%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 9 min ago; Gate: live order book, 1 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, 9 min ago | 5.18 bp | 25.4 bp −$25 | 93.2 bp −$932 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 9.66 bp | 39.7 bp −$40 | 244.4 bp −$2,444 | 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 | 0.06711 | −0.487% | $20K | $370K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06704 | −0.597% | $5.3M | $83.7M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.06716 | −0.415% | $3.5M | $14.5M | 20x | as long as short |
| Gate NIL_USDTshort | +0.0100% | 4h | 0.06702 | −0.623% | $431K | $2.1M | 50x | |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06721 | −0.341% | $2.3M | $6.0M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06716 | −0.415% | $474K | $717K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06709 | −0.519% | $1.7M | $9.4M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06703 | −0.608% | — | $8.6M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06769 | +0.374% | $50K | $149K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.06705 | −0.584% | $16K | $94K | 5x | as long as short |
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
BingX NIL-USDT
Variational Omni NIL
Extended NIL-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDTlong | +0.0157% | 4h | 0.06744 | long leg | $355K | $159K | 50x | |
| Hyperliquid NIL | +0.1535% | 1h | 0.06728 | −0.237% | $4.0M | $4.6M | 3x | as long as short |
Hyperliquid NIL