NIL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0442%/8h= −48.4% APRnext payment −$2.21 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit−0.058%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1091.089% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.019%+$2 · spread now −0.058%, 7d avg −0.083%

Together, before fees+0.019%+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.026% dearer against Bybit than usual: you sell high and buy low (spread −0.058% now, against its 7-day average of −0.083%): +$3 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 5 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.21 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NILUSDT	0.06927	0.0542	pay 0.0271% / 4h	3h 10m	$3.9M	$13.7M	20x
Short	Bitget NILUSDT	0.06923	0.0100	get 0.0050% / 4h	3h 10m	$1.8M	$8.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee BitgetbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$92.84
Price spread: −0.058% → −0.083%: $2.57
Slippage, 4 orders: −$85.88
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$199.15
Costs to cover: 1.089%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago	1.46 bp	30.2 bp −$30	219.5 bp −$2,195	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	5.83 bp	30.4 bp −$30	120.7 bp −$1,207	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	+0.0075%	4h	0.06889	−0.549%	$354K	$131K	50x	as long as short
Aster NILUSDT	+0.0100%	4h	0.06920	−0.108%	$23K	$341K	5x	as long as short
Binance NILUSDT	+0.0100%	4h	0.06916	−0.162%	$5.4M	$76.3M	50x	as long as short
Gate NIL_USDT	+0.0100%	4h	0.06915	−0.173%	$443K	$2.0M	50x	as long as short
MEXC NIL_USDT	+0.0100%	4h	0.06924	−0.043%	$2.4M	$4.7M	100x	as long as short
KuCoin NILUSDTM	+0.0100%	4h	0.06926	−0.014%	$517K	$661K	30x	as long as short
Bitget NILUSDTshort	+0.0100%	4h	0.06923	−0.058%	$1.8M	$8.3M	50x
Extended NIL-USD	+0.0104%	1h	0.06925	−0.032%	$17K	$92K	5x	as long as short
Variational Omni NIL	+0.0360%	4h	0.06939	+0.171%	$180K	$267K	—	as long as short
Bybit NILUSDTlong	+0.0542%	4h	0.06927	long leg	$3.9M	$13.7M	20x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX NIL-USDT	+0.0618%	4h	0.06921	−0.087%	—	$8.5M	—	as long as short
Hyperliquid NIL	+0.4015%	1h	0.06944	+0.251%	$4.4M	$4.5M	3x	as long as short