Settings8H · net · $10k
Funding arb · Price arb /

NIL

all NIL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%
Price spread now: Extended against Gate+0.183%7-day average −0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$297as in the Funding arb table
Net, price: spread back to 7d avg − costs−$271as in the Price arb table
costs, in and out, $10k−$2952.952% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.013%−$1 on $10k
Price spread, last 4 days (all we have)−0.289%−$29 · spread now +0.183%, 7d avg −0.058%
Together, before fees−0.302%+ Points / potential airdropExtended: Active · farm board−$30 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.241% dearer against Gate than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.058%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate NIL_USDT0.072950.0100pay 0.0050% / 4h1h 35m$467K$1.6M50x
ShortExtended NIL-USD0.073080.0104get 0.0013% / 1h35m 09s$22K$192K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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

Funding earned
$0.84
Price spread: +0.183% → −0.058%
$24.13
Slippage, 4 orders
−$275.23
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$270.26
Costs to cover
2.952%
Break-even
2259.1 days
Slippage from Gate: live order book, 2 min ago; Extended: live order book, 33 min ago.

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 ago12.41 bp37.5 bp −$37doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 33 min ago5.57 bp84.4 bp −$84753.7 bp −$7,537doesn't fitdoesn't fit

NIL on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin NIL-USDT+0.0052%4h0.07246−0.672%$357K$100K50xas long as short
Aster NILUSDT+0.0100%4h0.07301+0.082%$24K$320K5xas long as short
Binance NILUSDT+0.0100%4h0.07303+0.110%$5.7M$63.5M50xas long as short
Bybit NILUSDT+0.0100%4h0.07300+0.069%$4.0M$11.9M20xas long as short
Gate NIL_USDTlong+0.0100%4h0.07295long leg$467K$1.6M50x
MEXC NIL_USDT+0.0100%4h0.07287−0.110%$2.3M$3.7M100xas long as short
Bitget NILUSDT+0.0100%4h0.07297+0.027%$2.0M$7.8M50xas long as short
BingX NIL-USDT+0.0100%4h0.07300+0.069%$8.3Mas long as short
Variational Omni NIL+0.0100%4h0.07263−0.436%$187K$238Kas long as short
Extended NIL-USDshort+0.0104%1h0.07308+0.183%$22K$192K5x
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NILUSDTM+0.0176%4h0.07294−0.014%$570K$667K30xas long as short
Hyperliquid NIL+0.1355%1h0.07317+0.296%$4.6M$4.7M3xas long as short