Funding you earn now, next payment 12:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against Binance+1.291%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs+$46as in the Price arb table
costs, in and out, $10k−$840.845% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)−1.774%−$177 · spread now +1.291%, 7d avg −0.013%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 1.303% dearer against Binance than usual: you sell high and buy low: +$130 more if the spread goes back to its 7-day average of −0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NILUSDT | 0.07980 | 0.0100 | pay 0.0050% / 4h | 3h 00m | $6.3M | $48.9M | 50x |
| Short | BloFin NIL-USDT | 0.08083 | 0.0124 | get 0.0062% / 4h | 3h 00m | $398K | $88K | 50x |
Binance NILUSDT
BloFin NIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $4.96
- Price spread: +1.291% → −0.013%
- $130.35
- Slippage, 4 orders
- −$62.48
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $50.83
- Costs to cover
- 0.845%
- Break-even
- from the start
Slippage from Binance: live order book, 11 min ago; BloFin: 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, 11 min ago | 2.52 bp | 24.7 bp −$25 | 126.6 bp −$1,266 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 9 min ago | 1.26 bp | 18.7 bp −$19 | 78.5 bp −$785 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX NIL-USDT | +0.0070% | 4h | 0.07970 | −0.125% | — | $8.1M | — | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.07987 | +0.085% | $33K | $214K | 5x | as long as short |
| Binance NILUSDTlong | +0.0100% | 4h | 0.07980 | long leg | $6.3M | $48.9M | 50x | |
| Bybit NILUSDT | +0.0100% | 4h | 0.07984 | +0.050% | $4.4M | $10.1M | 20x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.07958 | −0.276% | $2.7M | $3.2M | 100x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.07868 | −1.404% | $2.2M | $6.1M | 50x | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.07984 | +0.050% | $194K | $251K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07975 | −0.066% | $19K | $197K | 5x | as long as short |
| BloFin NIL-USDTshort | +0.0124% | 4h | 0.08083 | +1.291% | $398K | $88K | 50x | |
| KuCoin NILUSDTM | +0.0178% | 4h | 0.07987 | +0.088% | $666K | $555K | 30x | as long as short |
BingX NIL-USDT
Aster NILUSDT
Bybit NILUSDT
MEXC NIL_USDT
Bitget NILUSDT
Variational Omni NIL
Extended NIL-USD
KuCoin NILUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NIL_USDT | +0.1042% | 4h | 0.07991 | +0.138% | $497K | $1.5M | 50x | as long as short |
| Hyperliquid NIL | +0.1737% | 1h | 0.07986 | +0.074% | $5.3M | $4.7M | 3x | as long as short |
Gate NIL_USDT
Hyperliquid NIL