Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.07 per $10,000 · paid last 24h −0.006%
Price spread now: KuCoin against BloFin+0.382%65s7-day average +0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1811.810% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 3 days (all we have)−0.140%−$14 · spread now +0.382%, 7d avg +0.114%
=The price spread pays, funding is against you. KuCoin is 0.268% dearer against BloFin than usual: you sell high and buy low (spread +0.382% now, against its 7-day average of +0.114%): +$27 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 2 months. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin NIL-USDT | 0.06804 | 0.0114 | pay 0.0057% / 4h | 1h 46m | $352K | $150K | 50x |
| Short | KuCoin NILUSDTM | 0.06830 | 0.0100 | get 0.0050% / 4h | 1h 46m | $495K | $721K | 30x |
BloFin NIL-USDT
KuCoin NILUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$2.92
- Price spread: +0.382% → +0.114%
- $26.78
- Slippage, 4 orders
- −$157.03
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$157.18
- Costs to cover
- 1.810%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 34 min ago; KuCoin: live order book, 27 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, 34 min ago | 5.18 bp | 25.4 bp −$25 | 93.2 bp −$932 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 27 min ago | 28.97 bp | 67.9 bp −$68 | 524.1 bp −$5,241 | 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 | 0.06821 | +0.251% | $20K | $368K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06829 | +0.372% | $5.3M | $82.3M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.06830 | +0.382% | $3.6M | $14.3M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.06822 | +0.265% | $438K | $2.1M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06828 | +0.353% | $2.4M | $5.2M | 100x | as long as short |
| KuCoin NILUSDTMshort | +0.0100% | 4h | 0.06830 | +0.382% | $495K | $721K | 30x | |
| Bitget NILUSDT | +0.0100% | 4h | 0.06836 | +0.470% | $1.7M | $9.1M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06831 | +0.397% | — | $8.6M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06791 | −0.192% | $50K | $145K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.06824 | +0.288% | $16K | $94K | 5x | as long as short |
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
Bitget NILUSDT
BingX NIL-USDT
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-USDTlong | +0.0114% | 4h | 0.06804 | long leg | $352K | $150K | 50x | |
| Hyperliquid NIL | +0.1138% | 1h | 0.06851 | +0.695% | $4.1M | $4.6M | 3x | as long as short |
Hyperliquid NIL