Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against MEXC−0.231%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1361.362% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.293%+$29 · spread now −0.231%, 7d avg +0.001%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.232% cheaper against MEXC than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC NIL_USDT | 0.06842 | 0.0100 | pay 0.0050% / 4h | 22m 35s | $2.5M | $5.0M | 100x |
| Short | Binance NILUSDT | 0.06826 | 0.0100 | get 0.0050% / 4h | 22m 35s | $5.3M | $79.5M | 50x |
MEXC NIL_USDT
Binance NILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against MEXC. 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: −0.231% → +0.001%
- −$23.2
- Slippage, 4 orders
- −$122.15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$159.35
- Costs to cover
- 1.362%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; Binance: live order book, 5 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 MEXC live order book, 5 min ago | 0.73 bp | 41.9 bp −$42 | 92.5 bp −$925 | 289.3 bp −$28.9K | 545.6 bp −$272.8K |
| Sell Binance live order book, 5 min ago | 2.19 bp | 22.0 bp −$22 | 122.4 bp −$1,224 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDT | +0.0075% | 4h | 0.06822 | −0.292% | $346K | $144K | 50x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.06826 | −0.236% | $20K | $361K | 5x | as long as short |
| Binance NILUSDTshort | +0.0100% | 4h | 0.06826 | −0.231% | $5.3M | $79.5M | 50x | |
| Bybit NILUSDT | +0.0100% | 4h | 0.06837 | −0.073% | $3.8M | $14.1M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.06829 | −0.190% | $439K | $2.0M | 50x | as long as short |
| MEXC NIL_USDTlong | +0.0100% | 4h | 0.06842 | long leg | $2.5M | $5.0M | 100x | |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06828 | −0.205% | $511K | $689K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06833 | −0.132% | $1.8M | $8.6M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06828 | −0.205% | — | $8.5M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06835 | −0.106% | $176K | $266K | — | as long as short |
BloFin NIL-USDT
Aster NILUSDT
Bybit NILUSDT
Gate NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
BingX NIL-USDT
Variational Omni NILShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended NIL-USD | +0.0104% | 1h | 0.06825 | −0.255% | $16K | $94K | 5x | as long as short |
| Hyperliquid NIL | +0.1561% | 1h | 0.06838 | −0.056% | $4.1M | $4.5M | 3x | as long as short |
Extended NIL-USD
Hyperliquid NIL