Settings8H · net · $10k
Funding arb · Price arb /

NIL

all NIL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: Aster against Gate+0.029%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$353as in the Price arb table
costs, in and out, $10k−$3583.577% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.012%−$1 on $10k
Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.029%, 7d avg −0.021%
Together, before fees−0.094%+ Points / potential airdropAster: Stage 5 · farm board−$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.049% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate NIL_USDT0.068540.0100pay 0.0050% / 4h3h 13m$439K$2.0M50x
ShortAster NILUSDT0.068560.0100get 0.0050% / 4h3h 13m$22K$341K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.029% → −0.021%
$4.94
Slippage, 4 orders
−$334.73
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Aster: 4 bp × 2 orders
−$8
Net
−$352.79
Costs to cover
3.577%
Break-even
never at this rate
Slippage from Gate: live order book, 4 min ago; Aster: live order book, 59 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 4 min ago11.67 bp50.7 bp −$51doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 59 min ago12.49 bp138.2 bp −$138doesn't fitdoesn't fitdoesn't fit

NIL on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NILUSDTshort+0.0100%4h0.06856+0.029%$22K$341K5x
Binance NILUSDT+0.0100%4h0.06845−0.125%$5.3M$76.4M50xas long as short
Gate NIL_USDTlong+0.0100%4h0.06854long leg$439K$2.0M50x
MEXC NIL_USDT+0.0100%4h0.06864+0.146%$2.4M$4.7M100xas long as short
KuCoin NILUSDTM+0.0100%4h0.06859+0.073%$512K$661K30xas long as short
Bitget NILUSDT+0.0100%4h0.06860+0.088%$1.8M$8.3M50xas long as short
Extended NIL-USD+0.0104%1h0.06847−0.107%$17K$92K5xas long as short
BloFin NIL-USDT+0.0142%4h0.06855+0.015%$352K$131K50xas long as short
Variational Omni NIL+0.0320%4h0.06875+0.305%$178K$267Kas long as short
BingX NIL-USDT+0.0386%4h0.06855+0.015%$8.5Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NILUSDT+0.0594%4h0.06862+0.117%$3.8M$13.7M20xas long as short
Hyperliquid NIL+0.4072%1h0.06875+0.308%$4.3M$4.5M3xas long as short