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: Gate against MEXC−0.418%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$201as in the Price arb table
costs, in and out, $10k−$1561.560% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)+0.486%+$49 · spread now −0.418%, 7d avg +0.030%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.448% cheaper against MEXC than usual: you would sell low and buy high, −$45 on $10k if it goes back to its 7-day average of +0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC NIL_USDT | 0.06933 | 0.0100 | pay 0.0050% / 4h | 3h 35m | $2.5M | $4.7M | 100x |
| Short | Gate NIL_USDT | 0.06904 | 0.0100 | get 0.0050% / 4h | 3h 35m | $440K | $2.0M | 50x |
MEXC NIL_USDT
Gate NIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.418% → +0.030%
- −$44.85
- Slippage, 4 orders
- −$136.97
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$200.81
- Costs to cover
- 1.560%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; Gate: live order book, 2 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, 2 min ago | 4.33 bp | 15.2 bp −$15 | 74.4 bp −$744 | 264.4 bp −$26.4K | 471.8 bp −$235.9K |
| Sell Gate live order book, 2 min ago | 12.32 bp | 43.2 bp −$43 | 279.4 bp −$2,794 | 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 | +0.0071% | 4h | 0.06859 | −1.067% | $351K | $138K | 50x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.06898 | −0.506% | $22K | $341K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06914 | −0.274% | $5.4M | $77.5M | 50x | as long as short |
| Gate NIL_USDTshort | +0.0100% | 4h | 0.06904 | −0.418% | $440K | $2.0M | 50x | |
| MEXC NIL_USDTlong | +0.0100% | 4h | 0.06933 | long leg | $2.5M | $4.7M | 100x | |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06897 | −0.519% | $515K | $671K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06938 | +0.072% | $1.8M | $8.4M | 50x | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.06916 | −0.240% | $19K | $92K | 5x | as long as short |
| Variational Omni NIL | +0.0264% | 4h | 0.06914 | −0.268% | $177K | $265K | — | as long as short |
| BingX NIL-USDT | +0.0576% | 4h | 0.06922 | −0.159% | — | $8.5M | — | as long as short |
BloFin NIL-USDT
Aster NILUSDT
Binance NILUSDT
KuCoin NILUSDTM
Bitget NILUSDT
Extended NIL-USD
Variational Omni NIL
BingX NIL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit NILUSDT | +0.0611% | 4h | 0.06937 | +0.058% | $3.9M | $13.8M | 20x | as long as short |
| Hyperliquid NIL | +0.4638% | 1h | 0.06943 | +0.146% | $4.4M | $4.5M | 3x | as long as short |
Bybit NILUSDT
Hyperliquid NIL