data as of
Settings8H · net · $10k
Price arb /

NIL

all NIL markets
SwapFunding view
Alert
After costs, if the gap returns to its 7d average, $10k−$468
spread now−3.188%7d average+0.090%fees + slippage, in and out−$140spread needed1.401%
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NIL-USDT0.063670.0083pay 0.0042% / 4h2h 34m$388K$161K50x
ShortGate NIL_USDT0.061640.0100get 0.0050% / 4h2h 34m$406K$2.6M50x

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
−$318.83
Funding while held
$0.51
Slippage, 4 orders
−$113.07
Fee BloFin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$458.4
Spread needed to break even
1.401%
Slippage from BloFin: live order book, 63 min ago; Gate: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0017%
Per $10,000 a day
+$0.51
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 BloFin live order book, 63 min ago3.06 bp21.9 bp −$2272.6 bp −$726doesn't fitdoesn't fit
Sell Gate live order book, 4 min ago10.20 bp49.6 bp −$50332.6 bp −$3,326doesn't fitdoesn't fit

NIL price on every exchange

against the cheapest. Click to use as the short leg.

NIL on 12 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX NIL-USDT−3.597%+0.0100%4h$8.7Mas long as short
Binance NILUSDT−3.534%+0.0100%4h$5.2M$100.6M50xas long as short
Bybit NILUSDT−3.408%+0.0100%4h$3.2M$17.9M20xas long as short
MEXC NIL_USDT−3.377%+0.0100%4h$1.9M$8.4M100xas long as short
Bitget NILUSDT−3.361%+0.0100%4h$1.6M$10.8M50xas long as short
Extended NIL-USD−3.312%+0.0104%1h$15K$94K5xas long as short
KuCoin NILUSDTM−3.267%+0.0100%4h$401K$788K30xas long as short
Gate NIL_USDTshort−3.188%+0.0100%4h$406K$2.6M50x
Hyperliquid NIL−2.953%+0.0873%1h$3.6M$5.8M3xas long as short
Aster NILUSDT−1.638%+0.0100%4h$20K$411K5xas long as short
Show all 12 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin NIL-USDTlong0.000%+0.0083%4h$388K$161K50x
Variational Omni NIL+0.102%+0.0100%4h$46K$163Kas long as short