Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: Gate against Bitget−0.205%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1201.195% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 4 days (all we have)+0.217%+$22 · spread now −0.205%, 7d avg +0.032%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.237% cheaper against Bitget than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget NILUSDT | 0.06815 | 0.0100 | pay 0.0050% / 4h | 1h 52m | $1.7M | $9.2M | 50x |
| Short | Gate NIL_USDT | 0.06801 | 0.0100 | get 0.0050% / 4h | 1h 52m | $438K | $2.1M | 50x |
Bitget NILUSDT
Gate NIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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: −0.205% → +0.032%
- −$23.73
- Slippage, 4 orders
- −$92.52
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$143.25
- Costs to cover
- 1.195%
- Break-even
- never at this rate
Slippage from Bitget: live order book, just now; 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 Bitget live order book, just now | 6.60 bp | 19.3 bp −$19 | 104.8 bp −$1,048 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 13.29 bp | 38.4 bp −$38 | 250.4 bp −$2,504 | 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 | 0.06804 | −0.161% | $20K | $368K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06809 | −0.083% | $5.3M | $82.4M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.06820 | +0.073% | $3.6M | $14.4M | 20x | as long as short |
| Gate NIL_USDTshort | +0.0100% | 4h | 0.06801 | −0.205% | $438K | $2.1M | 50x | |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06819 | +0.059% | $2.5M | $5.2M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06801 | −0.205% | $493K | $722K | 30x | as long as short |
| Bitget NILUSDTlong | +0.0100% | 4h | 0.06815 | long leg | $1.7M | $9.2M | 50x | |
| BingX NIL-USDT | +0.0100% | 4h | 0.06798 | −0.249% | — | $8.6M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06771 | −0.647% | $50K | $145K | — | as long as short |
| BloFin NIL-USDT | +0.0101% | 4h | 0.06768 | −0.690% | $352K | $151K | 50x | as long as short |
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
MEXC NIL_USDT
KuCoin NILUSDTM
BingX NIL-USDT
Variational Omni NIL
BloFin NIL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended NIL-USD | +0.0104% | 1h | 0.06807 | −0.119% | $16K | $94K | 5x | as long as short |
| Hyperliquid NIL | +0.1107% | 1h | 0.06825 | +0.147% | $4.1M | $4.6M | 3x | as long as short |
Extended NIL-USD
Hyperliquid NIL