Funding you earn now, next payment 04:00 UTC+0.0138%/8h= +15.1% APRnext payment +$0.69 per $10,000 · paid last 24h −0.002%
Price spread now: BingX against Binance−0.055%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$930.928% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 7 days+0.099%+$10 · spread now −0.055%, 7d avg +0.023%
=Funding pays, the price is against you. BingX is 0.078% cheaper against Binance than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of +0.023%). If the spread goes back, that is −$8 on $10k: about 45 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NILUSDT | 0.07039 | 0.0100 | pay 0.0050% / 4h | 2h 23m | $5.5M | $74.8M | 50x |
| Short | BingX NIL-USDT | 0.07035 | 0.0238 | get 0.0119% / 4h | 2h 23m | — | $8.5M | — |
Binance NILUSDT
BingX NIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. 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
- $28.98
- Price spread: −0.055% → +0.023%
- −$7.77
- Slippage, 4 orders
- −$72.76
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$71.54
- Costs to cover
- 0.928%
- Break-even
- 24.3 days
Slippage from Binance: live order book, 4 min ago; BingX: live order book, 9 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 Binance live order book, 4 min ago | 2.85 bp | 16.9 bp −$17 | 134.0 bp −$1,340 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 4.34 bp | 28.2 bp −$28 | 92.4 bp −$924 | 455.6 bp −$45.6K | 766.4 bp −$383.2K |
NIL on 11 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 | 0.07028 | −0.150% | $23K | $343K | 5x | as long as short |
| Binance NILUSDTlong | +0.0100% | 4h | 0.07039 | long leg | $5.5M | $74.8M | 50x | |
| Gate NIL_USDT | +0.0100% | 4h | 0.07037 | −0.027% | $450K | $1.9M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.07033 | −0.084% | $2.4M | $4.5M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.07035 | −0.055% | $534K | $655K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.07039 | +0.002% | $1.8M | $8.2M | 50x | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07026 | −0.176% | $17K | $94K | 5x | as long as short |
| Bybit NILUSDT | +0.0191% | 4h | 0.07046 | +0.101% | $3.9M | $13.5M | 20x | as long as short |
| BingX NIL-USDTshort | +0.0238% | 4h | 0.07035 | −0.055% | — | $8.5M | — | |
| Variational Omni NIL | +0.0343% | 4h | 0.07054 | +0.220% | $191K | $268K | — | as long as short |
Aster NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
Extended NIL-USD
Bybit NILUSDT
Variational Omni NILShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid NIL | +0.2526% | 1h | 0.07049 | +0.145% | $4.4M | $4.5M | 3x | as long as short |
Hyperliquid NIL