NIL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0208%/8h= +22.8% APRnext payment +$1.04 per $10,000 · paid last 24h −0.005%

Price spread now: Variational Omni against BloFin+0.166%86s7-day average +0.065% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.015%−$2 on $10k

Price spread, last 3 days (all we have)−0.066%−$7 · spread now +0.166%, 7d avg +0.065%

Together, before fees−0.081%+ Points / potential airdropVariational Omni: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Variational Omni is 0.101% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.065%. The two prices were read 86 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.015% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.04 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NIL-USDT	0.06903	0.0056	pay 0.0028% / 4h	3h 33m	$353K	$139K	50x
Short	Variational Omni NIL	0.06914	0.0264	get 0.0132% / 4h	3h 33m	$177K	$265K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee Variational OmnibpOrdersPrice spread, now +0.166%Rate

Funding earned: $43.67
Price spread: +0.166% → +0.065%: $10.09
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $41.75
Costs to cover: 0.120%
Break-even: 0.3 days

Slippage unknown: BloFin: live order book, 36 min ago; Variational Omni: RFQ quote, 40 min ago. Net counts fees only.

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, 36 min ago	0.74 bp	21.0 bp −$21	73.3 bp −$733	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 40 min ago	5.88 bp	doesn't fit	126.3 bp −$1,263	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-USDTlong	+0.0056%	4h	0.06903	long leg	$353K	$139K	50x
Aster NILUSDT	+0.0100%	4h	0.06927	+0.350%	$23K	$341K	5x	as long as short
Binance NILUSDT	+0.0100%	4h	0.06915	+0.177%	$5.4M	$77.5M	50x	as long as short
Gate NIL_USDT	+0.0100%	4h	0.06917	+0.203%	$441K	$2.0M	50x	as long as short
MEXC NIL_USDT	+0.0100%	4h	0.06934	+0.449%	$2.5M	$4.7M	100x	as long as short
KuCoin NILUSDTM	+0.0100%	4h	0.06918	+0.217%	$517K	$671K	30x	as long as short
Bitget NILUSDT	+0.0100%	4h	0.06922	+0.275%	$1.8M	$8.4M	50x	as long as short
Extended NIL-USD	+0.0104%	1h	0.06914	+0.165%	$19K	$92K	5x	as long as short
Variational Omni NILshort	+0.0264%	4h	0.06914	+0.166%	$177K	$265K	—
Bybit NILUSDT	+0.0487%	4h	0.06931	+0.406%	$3.9M	$13.8M	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX NIL-USDT	+0.0576%	4h	0.06923	+0.290%	—	$8.5M	—	as long as short
Hyperliquid NIL	+0.4568%	1h	0.06945	+0.608%	$4.4M	$4.5M	3x	as long as short