data as of
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Price arb /

NIL

all NIL markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$84
spread now+0.312%7d average+0.264%fees + slippage, in and out−$89spread needed0.893%
Long on BinanceShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance NILUSDT0.063170.0100pay 0.0050% / 4h2h 42m$5.4M$99.9M50x
ShortHyperliquid NIL0.063370.0809get 0.0101% / 1h42m 01s$3.5M$5.7M3x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$31.24
Funding while held
$21.28
Slippage, 4 orders
−$70.28
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$36.76
Spread needed to break even
0.893%
Slippage from Binance: live order book, 2 min ago; Hyperliquid: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
+0.0709%
Per $10,000 a day
+$21.28
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 2 min ago1.58 bp16.9 bp −$17105.5 bp −$1,055doesn't fitdoesn't fit
Sell Hyperliquid live order book, 1 min ago4.26 bp23.1 bp −$23doesn't fitdoesn't fitdoesn't fit

NIL price on every exchange

against the cheapest. Click to use as the short leg.
MEXC0.06308cheapestExtended0.06316+0.125%
Binance0.06317+0.141%
BingX0.06317+0.143%Bitget0.06319+0.174%KuCoin0.06322+0.222%Bybit0.06323+0.238%Gate0.06324+0.254%BloFin0.06331+0.365%Aster0.06334+0.411%
Hyperliquid0.06337+0.453%
Variational Omni0.06349+0.653%

NIL on 12 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC NIL_USDT−0.140%+0.0100%4h$2.1M$8.3M100xas long as short
Extended NIL-USD−0.015%+0.0104%1h$15K$94K5xas long as short
Binance NILUSDTlong0.000%+0.0100%4h$5.4M$99.9M50x
BingX NIL-USDT+0.002%+0.0100%4h—$8.5M—as long as short
Bitget NILUSDT+0.034%+0.0100%4h$1.6M$10.7M50xas long as short
KuCoin NILUSDTM+0.081%+0.0100%4h$409K$787K30xas long as short
Bybit NILUSDT+0.097%+0.0100%4h$3.3M$17.7M20xas long as short
Gate NIL_USDT+0.113%+0.0100%4h$412K$2.5M50xas long as short
BloFin NIL-USDT+0.224%+0.0156%4h$391K$159K50xas long as short
Aster NILUSDT+0.270%+0.0100%4h$23K$410K5xas long as short
Show all 12 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Hyperliquid NILshort+0.312%+0.0809%1h$3.5M$5.7M3x
Variational Omni NIL+0.512%+0.0100%4h$47K$163K—as long as short