Funding you earn now, next payment 08:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.16 per $10,000 · paid last 24h +0.007%
Price spread now: BloFin against Bybit−0.106%92s7-day average −0.127% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as 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−$1311.308% of the position
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 4 days (all we have)−0.073%−$7 · spread now −0.106%, 7d avg −0.127%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.021% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.127%. The two prices were read 92 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 | Bybit NILUSDT | 0.07563 | 0.0100 | pay 0.0050% / 4h | 21m 38s | $4.2M | $10.4M | 20x |
| Short | BloFin NIL-USDT | 0.07555 | 0.0133 | get 0.0066% / 4h | 21m 38s | $374K | $94K | 50x |
Bybit NILUSDT
BloFin NIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $6.84
- Price spread: −0.106% → −0.127%
- $2.12
- Slippage, 4 orders
- −$107.85
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$121.89
- Costs to cover
- 1.308%
- Break-even
- 131.7 days
Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 58 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 | 3.97 bp | 43.3 bp −$43 | 228.9 bp −$2,289 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 58 min ago | 8.06 bp | 27.2 bp −$27 | 114.4 bp −$1,144 | 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 | 0.07554 | −0.120% | $32K | $294K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.07556 | −0.093% | $5.8M | $51.5M | 50x | as long as short |
| Bybit NILUSDTlong | +0.0100% | 4h | 0.07563 | long leg | $4.2M | $10.4M | 20x | |
| MEXC NIL_USDT | +0.0100% | 4h | 0.07551 | −0.159% | $2.5M | $3.3M | 100x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.07567 | +0.053% | $2.1M | $6.3M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.07551 | −0.159% | — | $8.1M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.07644 | +1.066% | $186K | $252K | — | as long as short |
| KuCoin NILUSDTM | +0.0102% | 4h | 0.07540 | −0.304% | $582K | $560K | 30x | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07554 | −0.120% | $23K | $189K | 5x | as long as short |
| Gate NIL_USDT | +0.0108% | 4h | 0.07538 | −0.331% | $470K | $1.5M | 50x | as long as short |
Aster NILUSDT
Binance NILUSDT
MEXC NIL_USDT
Bitget NILUSDT
BingX NIL-USDT
Variational Omni NIL
KuCoin NILUSDTM
Extended NIL-USD
Gate NIL_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDTshort | +0.0133% | 4h | 0.07555 | −0.106% | $374K | $94K | 50x | |
| Hyperliquid NIL | +0.1734% | 1h | 0.07581 | +0.234% | $4.9M | $4.5M | 3x | as long as short |
Hyperliquid NIL