Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Gate against BingX+0.104%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1331.331% of the position
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.104%, 7d avg +0.023%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.081% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX NIL-USDT | 0.06762 | 0.0100 | pay 0.0050% / 4h | 2h 32m | — | $8.6M | — |
| Short | Gate NIL_USDT | 0.06769 | 0.0100 | get 0.0050% / 4h | 2h 32m | $439K | $2.1M | 50x |
BingX NIL-USDT
Gate NIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BingX. 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: +0.104% → +0.023%
- $8.08
- Slippage, 4 orders
- −$108.14
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$125.07
- Costs to cover
- 1.331%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Gate: live order book, 5 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 BingX live order book, 10 min ago | 5.93 bp | 28.3 bp −$28 | 99.2 bp −$992 | 488.2 bp −$48.8K | 717.4 bp −$358.7K |
| Sell Gate live order book, 5 min ago | 14.09 bp | 36.7 bp −$37 | 264.0 bp −$2,640 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster NILUSDT | +0.0100% | 4h | 0.06767 | +0.074% | $20K | $370K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06763 | +0.021% | $5.3M | $84.8M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.06768 | +0.089% | $3.5M | $14.7M | 20x | as long as short |
| Gate NIL_USDTshort | +0.0100% | 4h | 0.06769 | +0.104% | $439K | $2.1M | 50x | |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06762 | 0.000% | $2.3M | $6.0M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06761 | −0.015% | $475K | $722K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06768 | +0.089% | $1.7M | $9.6M | 50x | as long as short |
| BingX NIL-USDTlong | +0.0100% | 4h | 0.06762 | long leg | — | $8.6M | — | |
| Variational Omni NIL | +0.0100% | 4h | 0.06762 | +0.004% | $50K | $154K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.06763 | +0.009% | $16K | $94K | 5x | as long as short |
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
Variational Omni NIL
Extended NIL-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDT | +0.0128% | 4h | 0.06755 | −0.104% | $357K | $160K | 50x | as long as short |
| Hyperliquid NIL | +0.1902% | 1h | 0.06779 | +0.259% | $4.1M | $4.6M | 3x | as long as short |
BloFin NIL-USDT
Hyperliquid NIL