Funding you earn now, next payment 04:00 UTC+0.0362%/8h= +39.6% APRnext payment +$1.81 per $10,000 · paid last 24h −0.002%
Price spread now: BingX against MEXC−0.231%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1261.263% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.267%+$27 · spread now −0.231%, 7d avg +0.009%
=Funding pays, the price is against you. BingX is 0.240% cheaper against MEXC than usual: you would sell low and buy high (spread −0.231% now, against its 7-day average of +0.009%). If the spread goes back, that is −$24 on $10k: about 2.2 days of funding at the current rate (+$11 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.003% in total (about -0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.81 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC NIL_USDT | 0.06923 | 0.0100 | pay 0.0050% / 4h | 3h 31m | $2.5M | $4.7M | 100x |
| Short | BingX NIL-USDT | 0.06907 | 0.0462 | get 0.0231% / 4h | 3h 31m | — | $8.5M | — |
MEXC NIL_USDT
BingX NIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $76.02
- Price spread: −0.231% → +0.009%
- −$24.05
- Slippage, 4 orders
- −$112.26
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$74.29
- Costs to cover
- 1.263%
- Break-even
- 13.8 days
Slippage from MEXC: live order book, 1 min ago; BingX: live order book, 7 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, 1 min ago | 13.69 bp | 25.6 bp −$26 | 91.7 bp −$917 | 276.4 bp −$27.6K | 548.5 bp −$274.2K |
| Sell BingX live order book, 7 min ago | 3.63 bp | 28.0 bp −$28 | 93.0 bp −$930 | 442.8 bp −$44.3K | 773.4 bp −$386.7K |
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 | +0.0066% | 4h | 0.06916 | −0.101% | $350K | $138K | 50x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.06895 | −0.406% | $22K | $341K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06902 | −0.308% | $5.4M | $77.3M | 50x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.06903 | −0.289% | $440K | $2.0M | 50x | as long as short |
| MEXC NIL_USDTlong | +0.0100% | 4h | 0.06923 | long leg | $2.5M | $4.7M | 100x | |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06910 | −0.188% | $516K | $666K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06903 | −0.289% | $1.8M | $8.4M | 50x | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.06893 | −0.440% | $19K | $92K | 5x | as long as short |
| Variational Omni NIL | +0.0228% | 4h | 0.06908 | −0.218% | $177K | $265K | — | as long as short |
| Bybit NILUSDT | +0.0356% | 4h | 0.06914 | −0.130% | $3.8M | $13.7M | 20x | as long as short |
BloFin NIL-USDT
Aster NILUSDT
Binance NILUSDT
Gate NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
Extended NIL-USD
Variational Omni NIL
Bybit NILUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX NIL-USDTshort | +0.0462% | 4h | 0.06907 | −0.231% | — | $8.5M | — | |
| Hyperliquid NIL | +0.4484% | 1h | 0.06929 | +0.091% | $4.4M | $4.5M | 3x | as long as short |
Hyperliquid NIL