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

NIL

all NIL markets
SwapFunding view
Alert
Spread before costs (cost unknown: a leg has no order-book sample)+0.224%
7d average+0.065%if it closes, per $10,000$22funding while held, a day−$0.57
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NIL-USDT0.065090.0119pay 0.0060% / 4h3h 24m$397K$163K50x
ShortVariational Omni NIL0.065240.0100get 0.0050% / 4h3h 24m$48K$163K

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
$22.43
Funding while held
−$0.57
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$9.85
Spread needed to break even
0.120%
Slippage unknown: BloFin: live order book, 14 min ago; Variational Omni: RFQ quote, 61 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0019%
Per $10,000 a day
$0.57
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, 14 min ago3.06 bp21.9 bp −$2272.6 bp −$726doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 61 min ago11.28 bpdoesn't fit118.0 bp −$1,180doesn'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
BloFin NIL-USDTlong0.000%+0.0119%4h$397K$163K50x
Extended NIL-USD+0.160%+0.0104%1h$16K$94K5xas long as short
MEXC NIL_USDT+0.215%+0.0100%4h$2.3M$8.3M100xas long as short
Variational Omni NILshort+0.224%+0.0100%4h$48K$163K
KuCoin NILUSDTM+0.230%+0.0100%4h$392K$735K30xas long as short
Aster NILUSDT+0.275%+0.0100%4h$25K$406K5xas long as short
Bybit NILUSDT+0.277%+0.0100%4h$3.4M$17.3M20xas long as short
Binance NILUSDT+0.287%+0.0100%4h$5.7M$98.7M50xas long as short
BingX NIL-USDT+0.323%+0.0100%4h$8.5Mas long as short
Gate NIL_USDT+0.338%+0.0100%4h$430K$2.6M50xas long as short
Show all 12 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget NILUSDT+0.446%+0.0100%4h$1.7M$10.6M50xas long as short
Hyperliquid NIL+0.502%+0.0930%1h$3.7M$5.6M3xas long as short