Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.12 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against KuCoin−0.116%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1461.456% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.116%, 7d avg −0.055%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.061% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.055%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin NILUSDTM | 0.07115 | 0.0124 | pay 0.0062% / 4h | 1h 46m | $555K | $676K | 30x |
| Short | Binance NILUSDT | 0.07107 | 0.0100 | get 0.0050% / 4h | 1h 46m | $5.5M | $68.0M | 50x |
KuCoin NILUSDTM
Binance NILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- −$5.04
- Price spread: −0.116% → −0.055%
- −$6.08
- Slippage, 4 orders
- −$123.6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$156.72
- Costs to cover
- 1.456%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 17 min ago; Binance: live order book, 10 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 KuCoin live order book, 17 min ago | 14.88 bp | 46.6 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.41 bp | 28.6 bp −$29 | 145.2 bp −$1,452 | 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 | 0.07107 | −0.116% | $23K | $320K | 5x | as long as short |
| Binance NILUSDTshort | +0.0100% | 4h | 0.07107 | −0.116% | $5.5M | $68.0M | 50x | |
| Bybit NILUSDT | +0.0100% | 4h | 0.07120 | +0.070% | $3.9M | $12.7M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.07105 | −0.141% | $442K | $1.6M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.07108 | −0.098% | $2.2M | $3.7M | 100x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.07108 | −0.098% | $2.0M | $8.1M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.07112 | −0.042% | — | $8.3M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.07087 | −0.396% | $182K | $244K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07105 | −0.143% | $17K | $188K | 5x | as long as short |
| KuCoin NILUSDTMlong | +0.0124% | 4h | 0.07115 | long leg | $555K | $676K | 30x |
Aster NILUSDT
Bybit NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
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 | +0.0140% | 4h | 0.07129 | +0.197% | $357K | $108K | 50x | as long as short |
| Hyperliquid NIL | +0.1351% | 1h | 0.07128 | +0.176% | $4.5M | $4.7M | 3x | as long as short |
BloFin NIL-USDT
Hyperliquid NIL