Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit−0.106%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1471.471% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days+0.058%+$6 · spread now −0.106%, 7d avg −0.078%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.028% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.078%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NILUSDT | 0.07562 | 0.0100 | pay 0.0050% / 4h | 3h 51m | $4.2M | $10.3M | 20x |
| Short | Binance NILUSDT | 0.07554 | 0.0100 | get 0.0050% / 4h | 3h 51m | $5.8M | $49.8M | 50x |
Bybit NILUSDT
Binance NILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $0
- Price spread: −0.106% → −0.078%
- −$2.77
- Slippage, 4 orders
- −$126.08
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$149.85
- Costs to cover
- 1.471%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 6 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 Bybit live order book, 2 min ago | 4.65 bp | 53.1 bp −$53 | 208.2 bp −$2,082 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 2.66 bp | 24.8 bp −$25 | 128.0 bp −$1,280 | 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-USDT | +0.0094% | 4h | 0.07474 | −1.164% | $366K | $82K | 50x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.07532 | −0.392% | $31K | $245K | 5x | as long as short |
| Binance NILUSDTshort | +0.0100% | 4h | 0.07554 | −0.106% | $5.8M | $49.8M | 50x | |
| Bybit NILUSDTlong | +0.0100% | 4h | 0.07562 | long leg | $4.2M | $10.3M | 20x | |
| MEXC NIL_USDT | +0.0100% | 4h | 0.07540 | −0.291% | $2.4M | $3.0M | 100x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.07553 | −0.119% | $2.1M | $6.1M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.07545 | −0.225% | — | $8.1M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.07534 | −0.367% | $185K | $249K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07543 | −0.257% | $18K | $195K | 5x | as long as short |
| KuCoin NILUSDTM | +0.0144% | 4h | 0.07540 | −0.291% | $631K | $580K | 30x | as long as short |
BloFin NIL-USDT
Aster NILUSDT
MEXC NIL_USDT
Bitget NILUSDT
BingX NIL-USDT
Variational Omni NIL
Extended NIL-USD
KuCoin NILUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NIL_USDT | +0.0620% | 4h | 0.07546 | −0.212% | $465K | $1.4M | 50x | as long as short |
| Hyperliquid NIL | +0.2037% | 1h | 0.07571 | +0.116% | $4.9M | $4.5M | 3x | as long as short |
Gate NIL_USDT
Hyperliquid NIL