Funding you earn now, next payment 00:00 UTC+0.0028%/8h= +3.0% APRnext payment +$0.14 per $10,000 · paid last 24h −0.006%
Price spread now: Bitget against BloFin0.000%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$980.984% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 3 days (all we have)+0.165%+$17 · spread now 0.000%, 7d avg +0.060%
=Funding pays, the price is against you. Bitget is 0.060% cheaper against BloFin than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.060%). If the spread goes back, that is −$6 on $10k: about 7.2 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin NIL-USDT | 0.06860 | 0.0072 | pay 0.0036% / 4h | 49m 20s | $351K | $149K | 50x |
| Short | Bitget NILUSDT | 0.06860 | 0.0100 | get 0.0050% / 4h | 49m 20s | $1.8M | $8.8M | 50x |
BloFin NIL-USDT
Bitget NILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BloFin. 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
- $5.84
- Price spread: 0.000% → +0.060%
- −$6.04
- Slippage, 4 orders
- −$74.45
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$98.65
- Costs to cover
- 0.984%
- Break-even
- 125.2 days
Slippage from BloFin: live order book, 26 min ago; Bitget: live order book, 4 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 BloFin live order book, 26 min ago | 2.23 bp | 23.2 bp −$23 | 90.5 bp −$905 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 1.45 bp | 35.0 bp −$35 | 122.5 bp −$1,225 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDTlong | +0.0072% | 4h | 0.06860 | long leg | $351K | $149K | 50x | |
| Aster NILUSDT | +0.0100% | 4h | 0.06857 | −0.040% | $20K | $361K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06856 | −0.058% | $5.3M | $80.6M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.06865 | +0.073% | $3.8M | $14.2M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.06872 | +0.175% | $445K | $2.0M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06862 | +0.029% | $2.4M | $5.0M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06868 | +0.117% | $514K | $704K | 30x | as long as short |
| Bitget NILUSDTshort | +0.0100% | 4h | 0.06860 | 0.000% | $1.8M | $8.8M | 50x | |
| BingX NIL-USDT | +0.0100% | 4h | 0.06866 | +0.087% | — | $8.6M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06874 | +0.206% | $177K | $266K | — | as long as short |
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
KuCoin NILUSDTM
BingX NIL-USDT
Variational Omni NILShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended NIL-USD | +0.0104% | 1h | 0.06853 | −0.107% | $17K | $94K | 5x | as long as short |
| Hyperliquid NIL | +0.1558% | 1h | 0.06878 | +0.267% | $4.1M | $4.6M | 3x | as long as short |
Extended NIL-USD
Hyperliquid NIL