Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Gate against Bybit−0.087%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$169as in the Funding arb table
Net, price: spread back to 7d avg − costs−$178as in the Price arb table
costs, in and out, $10k−$1711.714% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 7 days+0.147%+$15 · spread now −0.087%, 7d avg −0.021%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.066% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NILUSDT | 0.06924 | 0.0100 | pay 0.0050% / 4h | 3h 02m | $3.8M | $13.6M | 20x |
| Short | Gate NIL_USDT | 0.06918 | 0.0100 | get 0.0050% / 4h | 3h 02m | $447K | $2.0M | 50x |
Bybit NILUSDT
Gate NIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $0
- Price spread: −0.087% → −0.021%
- −$6.55
- Slippage, 4 orders
- −$145.44
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$177.99
- Costs to cover
- 1.714%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 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 Bybit live order book, 1 min ago | 4.33 bp | 45.3 bp −$45 | 280.3 bp −$2,803 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 14.51 bp | 46.7 bp −$47 | 233.0 bp −$2,330 | 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 | 0.06915 | −0.124% | $22K | $315K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06912 | −0.168% | $5.2M | $72.8M | 50x | as long as short |
| Bybit NILUSDTlong | +0.0100% | 4h | 0.06924 | long leg | $3.8M | $13.6M | 20x | |
| Gate NIL_USDTshort | +0.0100% | 4h | 0.06918 | −0.087% | $447K | $2.0M | 50x | |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06911 | −0.188% | $2.2M | $4.2M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06915 | −0.130% | $582K | $689K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06916 | −0.116% | $1.9M | $8.4M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06906 | −0.260% | — | $8.4M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06944 | +0.293% | $178K | $264K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.06909 | −0.223% | $21K | $185K | 5x | as long as short |
Aster NILUSDT
Binance 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-USDT | +0.0118% | 4h | 0.06938 | +0.202% | $344K | $123K | 50x | as long as short |
| Hyperliquid NIL | +0.1144% | 1h | 0.06934 | +0.142% | $4.3M | $4.7M | 3x | as long as short |
BloFin NIL-USDT
Hyperliquid NIL