Spread before costs (cost unknown: a leg has no order-book sample)+0.129%
7d average—if it closes, per $10,000$13funding while held, a day−$0.70
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin NIL-USDT | 0.06426 | 0.0127 | pay 0.0064% / 4h | 3h 18m | $396K | $161K | 50x |
| Short | Extended NIL-USD | 0.06434 | 0.0104 | get 0.0013% / 1h | 18m 05s | $16K | $94K | 5x |
BloFin NIL-USDT
Extended NIL-USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $12.88
- Funding while held
- −$0.7
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$4.82
- Spread needed to break even
- 0.170%
Slippage unknown: BloFin: live order book, 20 min ago; Extended: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0023%
- Per $10,000 a day
- −$0.70
- Average in range /8h
- —
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, 20 min ago | 3.06 bp | 21.9 bp −$22 | 72.6 bp −$726 | doesn't fit | doesn't fit |
| Sell Extended no order-book sample | — | — | — | — | — |
Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
NIL price on every exchange
against the cheapest. Click to use as the short leg.
Bybit
Gate
BingX
Binance
Aster
MEXC
KuCoin
Bitget
Hyperliquid
Variational OmniNIL on 12 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin NIL-USDTlong | 0.000% | +0.0127% | 4h | $396K | $161K | 50x | |
| Bybit NILUSDT | +0.093% | +0.0100% | 4h | $3.4M | $17.4M | 20x | as long as short |
| Gate NIL_USDT | +0.109% | +0.0100% | 4h | $424K | $2.6M | 50x | as long as short |
| BingX NIL-USDT | +0.109% | +0.0100% | 4h | — | $8.5M | — | as long as short |
| Extended NIL-USDshort | +0.129% | +0.0104% | 1h | $16K | $94K | 5x | |
| Binance NILUSDT | +0.135% | +0.0100% | 4h | $5.6M | $98.9M | 50x | as long as short |
| Aster NILUSDT | +0.140% | +0.0100% | 4h | $25K | $406K | 5x | as long as short |
| MEXC NIL_USDT | +0.140% | +0.0100% | 4h | $2.2M | $8.3M | 100x | as long as short |
| KuCoin NILUSDTM | +0.156% | +0.0100% | 4h | $387K | $735K | 30x | as long as short |
| Bitget NILUSDT | +0.187% | +0.0100% | 4h | $1.7M | $10.6M | 50x | as long as short |
Show all 12 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hyperliquid NIL | +0.408% | +0.0917% | 1h | $3.6M | $5.6M | 3x | as long as short |
| Variational Omni NIL | +1.101% | +0.0100% | 4h | $47K | $163K | — | as long as short |