Funding you earn now, next payment 12:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.04 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against Bybit+1.086%112s7-day average −0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs−$133as 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−$1341.344% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)−1.333%−$133 · spread now +1.086%, 7d avg −0.135%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 1.222% dearer against Bybit than usual: you sell high and buy low, +$122 on $10k if it goes back to its 7-day average of −0.135%. The two prices were read 112 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 | Bybit NILUSDT | 0.07826 | 0.0100 | pay 0.0050% / 4h | 31m 16s | $4.5M | $11.1M | 20x |
| Short | BloFin NIL-USDT | 0.07911 | 0.0108 | get 0.0054% / 4h | 31m 16s | $397K | $179K | 50x |
Bybit NILUSDT
BloFin NIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $1.76
- Price spread: +1.086% → −0.135%
- $122.15
- Slippage, 4 orders
- −$111.44
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$10.53
- Costs to cover
- 1.344%
- Break-even
- 49.0 days
Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 7 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 Bybit live order book, 5 min ago | 6.90 bp | 34.3 bp −$34 | 228.6 bp −$2,286 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 7 min ago | 13.16 bp | 39.0 bp −$39 | 112.9 bp −$1,129 | doesn't fit | doesn't fit |
NIL on 12 exchanges
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 | 0.07827 | +0.013% | — | $8.2M | — | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.07848 | +0.281% | $35K | $188K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.07826 | 0.000% | $6.2M | $52.0M | 50x | as long as short |
| Bybit NILUSDTlong | +0.0100% | 4h | 0.07826 | long leg | $4.5M | $11.1M | 20x | |
| Gate NIL_USDT | +0.0100% | 4h | 0.07838 | +0.153% | $495K | $1.6M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.07850 | +0.307% | $2.7M | $3.6M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.07846 | +0.256% | $624K | $703K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.07840 | +0.179% | $2.2M | $7.9M | 50x | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.07961 | +1.728% | $193K | $248K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07818 | −0.096% | $21K | $206K | 5x | as long as short |
BingX NIL-USDT
Aster NILUSDT
Binance NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
Variational Omni NIL
Extended NIL-USDShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDTshort | +0.0108% | 4h | 0.07911 | +1.086% | $397K | $179K | 50x | |
| Hyperliquid NIL | +0.0161% | 1h | 0.07875 | +0.626% | $5.0M | $4.9M | 3x | as long as short |
Hyperliquid NIL