Spread before costs (cost unknown: a leg has no order-book sample)−0.003%
7d average—if it closes, per $10,000$0funding while held, a day+$0.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NILUSDT | 0.06397 | 0.0100 | pay 0.0050% / 4h | 1h 36m | $3.3M | $17.1M | 20x |
| Short | Extended NIL-USD | 0.06397 | 0.0104 | get 0.0013% / 1h | 36m 20s | $15K | $94K | 5x |
Bybit NILUSDT
Extended NIL-USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$0.27
- Funding while held
- $0.12
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$16.15
- Spread needed to break even
- 0.160%
Slippage unknown: Bybit: live order book, 4 min ago; Extended: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.12
- Average in range /8h
- —
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, 4 min ago | 5.49 bp | 35.6 bp −$36 | 172.8 bp −$1,728 | doesn't fit | doesn't fit |
| Sell Extended no order-book sample | — | — | — | — | — |
Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
NIL price on every exchange
against the cheapest. Click to use as the short leg.
BloFin
BingX
Binance
MEXC
Bitget
KuCoin
Variational Omni
Gate
Aster
HyperliquidNIL on 12 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin NIL-USDT | −0.297% | +0.0045% | 4h | $361K | $160K | 50x | as long as short |
| BingX NIL-USDT | −0.141% | +0.0100% | 4h | — | $8.8M | — | as long as short |
| Binance NILUSDT | −0.078% | +0.0100% | 4h | $5.3M | $98.2M | 50x | as long as short |
| MEXC NIL_USDT | −0.016% | +0.0100% | 4h | $2.0M | $8.3M | 100x | as long as short |
| Bitget NILUSDT | −0.016% | +0.0100% | 4h | $1.6M | $10.8M | 50x | as long as short |
| Extended NIL-USDshort | −0.003% | +0.0104% | 1h | $15K | $94K | 5x | |
| Bybit NILUSDTlong | 0.000% | +0.0100% | 4h | $3.3M | $17.1M | 20x | |
| KuCoin NILUSDTM | +0.031% | +0.0100% | 4h | $447K | $782K | 30x | as long as short |
| Variational Omni NIL | +0.044% | +0.0100% | 4h | $46K | $166K | — | as long as short |
| Gate NIL_USDT | +0.047% | +0.0100% | 4h | $415K | $2.6M | 50x | as long as short |
Show all 12 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster NILUSDT | +0.055% | +0.0100% | 4h | $20K | $406K | 5x | as long as short |
| Hyperliquid NIL | +0.203% | +0.1196% | 1h | $3.7M | $5.4M | 3x | as long as short |