Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: Gate against Bybit−0.089%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1281.280% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)−0.079%−$8 · spread now −0.089%, 7d avg −0.074%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NILUSDT | 0.06766 | 0.0100 | pay 0.0050% / 4h | 1h 32m | $3.5M | $14.2M | 20x |
| Short | Gate NIL_USDT | 0.06760 | 0.0100 | get 0.0050% / 4h | 1h 32m | $433K | $2.1M | 50x |
Bybit NILUSDT
Gate NIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.089% → −0.074%
- −$1.49
- Slippage, 4 orders
- −$101.97
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$129.46
- Costs to cover
- 1.280%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 6 min ago; Gate: live order book, 5 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, 6 min ago | 5.14 bp | 30.1 bp −$30 | 180.4 bp −$1,804 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 5.91 bp | 30.6 bp −$31 | 222.0 bp −$2,220 | 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 | +0.0098% | 4h | 0.06751 | −0.222% | $353K | $149K | 50x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.06758 | −0.120% | $20K | $368K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06749 | −0.251% | $5.3M | $81.8M | 50x | as long as short |
| Bybit NILUSDTlong | +0.0100% | 4h | 0.06766 | long leg | $3.5M | $14.2M | 20x | |
| Gate NIL_USDTshort | +0.0100% | 4h | 0.06760 | −0.089% | $433K | $2.1M | 50x | |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06751 | −0.222% | $2.4M | $5.3M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06764 | −0.030% | $491K | $715K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06756 | −0.148% | $1.7M | $9.1M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06758 | −0.118% | — | $8.6M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06775 | +0.129% | $50K | $145K | — | as long as short |
BloFin NIL-USDT
Aster NILUSDT
Binance NILUSDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
BingX NIL-USDT
Variational Omni NILShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended NIL-USD | +0.0104% | 1h | 0.06748 | −0.264% | $16K | $94K | 5x | as long as short |
| Hyperliquid NIL | +0.1180% | 1h | 0.06769 | +0.040% | $4.0M | $4.6M | 3x | as long as short |
Extended NIL-USD
Hyperliquid NIL