data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

NIL

all NIL markets
SwapFunding view
Alert
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$152
spread now−0.063%7d average−0.035%fees + slippage, in and out−$149spread needed1.490%
Long on GateShort on Bitget
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate NIL_USDT0.063240.0100pay 0.0050% / 4h2h 42m$412K$2.5M50x
ShortBitget NILUSDT0.063200.0100get 0.0050% / 4h2h 42m$1.6M$10.7M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$6.33
Funding while held
$0
Slippage, 4 orders
−$122
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$155.33
Spread needed to break even
1.490%
Slippage from Gate: live order book, 2 min ago; Bitget: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 2 min ago12.63 bp47.1 bp −$47doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago9.45 bp32.0 bp −$32133.7 bp −$1,337doesn't fitdoesn't fit

NIL price on every exchange

against the cheapest. Click to use as the short leg.
BingX0.06317cheapestMEXC0.06320+0.047%
Bitget0.06320+0.047%
Gate0.06324+0.111%
KuCoin0.06325+0.127%Bybit0.06327+0.158%Aster0.06328+0.172%Binance0.06329+0.189%BloFin0.06331+0.222%Extended0.06333+0.257%Hyperliquid0.06337+0.310%Variational Omni0.06349+0.510%

NIL on 12 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX NIL-USDT−0.111%+0.0100%4h—$8.5M—as long as short
MEXC NIL_USDT−0.063%+0.0100%4h$2.1M$8.3M100xas long as short
Bitget NILUSDTshort−0.063%+0.0100%4h$1.6M$10.7M50x
Gate NIL_USDTlong0.000%+0.0100%4h$412K$2.5M50x
KuCoin NILUSDTM+0.016%+0.0100%4h$409K$787K30xas long as short
Bybit NILUSDT+0.047%+0.0100%4h$3.3M$17.7M20xas long as short
Aster NILUSDT+0.061%+0.0100%4h$23K$410K5xas long as short
Binance NILUSDT+0.078%+0.0100%4h$5.4M$99.9M50xas long as short
BloFin NIL-USDT+0.111%+0.0156%4h$391K$159K50xas long as short
Extended NIL-USD+0.146%+0.0104%1h$15K$94K5xas long as short
Show all 12 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Hyperliquid NIL+0.199%+0.0809%1h$3.5M$5.7M3xas long as short
Variational Omni NIL+0.399%+0.0100%4h$47K$163K—as long as short