Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: Bybit against Gate+0.087%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1381.376% of the position
Funding, last 7 days+0.066%+$7 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.087%, 7d avg +0.074%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate NIL_USDT | 0.06861 | 0.0100 | pay 0.0050% / 4h | 0m 16s | $438K | $2.0M | 50x |
| Short | Bybit NILUSDT | 0.06867 | 0.0100 | get 0.0050% / 4h | 0m 16s | $3.8M | $14.0M | 20x |
Gate NIL_USDT
Bybit NILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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% → +0.074%
- $1.37
- Slippage, 4 orders
- −$111.64
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$136.27
- Costs to cover
- 1.376%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Bybit: live order book, 8 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 Gate live order book, 2 min ago | 13.81 bp | 40.8 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 8 min ago | 2.21 bp | 29.8 bp −$30 | 129.1 bp −$1,291 | 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 | 0.06862 | +0.018% | $22K | $342K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06858 | −0.039% | $5.3M | $78.7M | 50x | as long as short |
| Bybit NILUSDTshort | +0.0100% | 4h | 0.06867 | +0.087% | $3.8M | $14.0M | 20x | |
| Gate NIL_USDTlong | +0.0100% | 4h | 0.06861 | long leg | $438K | $2.0M | 50x | |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06887 | +0.379% | $2.5M | $5.0M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06864 | +0.044% | $516K | $686K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06861 | 0.000% | $1.8M | $8.5M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06867 | +0.087% | — | $8.5M | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.06859 | −0.035% | $17K | $94K | 5x | as long as short |
| Variational Omni NIL | +0.0120% | 4h | 0.06875 | +0.198% | $176K | $266K | — | as long as short |
Aster NILUSDT
Binance NILUSDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
BingX NIL-USDT
Extended NIL-USD
Variational Omni NILShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDT | +0.0139% | 4h | 0.06872 | +0.160% | $347K | $142K | 50x | as long as short |
| Hyperliquid NIL | +0.1777% | 1h | 0.06905 | +0.646% | $4.3M | $4.5M | 3x | as long as short |
BloFin NIL-USDT
Hyperliquid NIL