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

NIL

all NIL markets
SwapFunding view
Alert
After costs, if the gap returns to its 7d average, $10k−$333
spread now−0.230%7d average−0.248%fees + slippage, in and out−$335spread needed3.348%
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid NIL0.062930.0828pay 0.0104% / 1h57m 14s$3.6M$5.9M3x
ShortAster NILUSDT0.062790.0100get 0.0050% / 4h1h 57m$19K$406K5x

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
−$23.03
Funding while held
−$21.84
Slippage, 4 orders
−$317.82
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Aster: 4 bp × 2 orders
−$8
Net
−$379.69
Spread needed to break even
3.348%
Slippage from Hyperliquid: live order book, 6 min ago; Aster: live order book, 52 min ago.

Cost of waiting

funding view
Funding /8h
−0.0728%
Per $10,000 a day
$21.84
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 Hyperliquid live order book, 6 min ago2.15 bp20.5 bp −$21doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 52 min ago19.47 bp143.4 bp −$143doesn't fitdoesn't fitdoesn't fit

NIL price on every exchange

against the cheapest. Click to use as the short leg.

NIL on 12 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin NIL-USDT−0.623%+0.0108%4h$362K$157K50xas long as short
MEXC NIL_USDT−0.480%+0.0100%4h$1.9M$8.3M100xas long as short
Binance NILUSDT−0.400%+0.0100%4h$5.2M$99.3M50xas long as short
Extended NIL-USD−0.373%+0.0104%1h$15K$94K5xas long as short
BingX NIL-USDT−0.353%+0.0100%4h$8.8Mas long as short
KuCoin NILUSDTM−0.321%+0.0100%4h$431K$793K30xas long as short
Bitget NILUSDT−0.305%+0.0100%4h$1.6M$10.8M50xas long as short
Bybit NILUSDT−0.242%+0.0100%4h$3.2M$17.2M20xas long as short
Variational Omni NIL−0.232%+0.0100%4h$44K$164Kas long as short
Aster NILUSDTshort−0.230%+0.0100%4h$19K$406K5x
Show all 12 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate NIL_USDT−0.194%+0.0100%4h$409K$2.5M50xas long as short
Hyperliquid NILlong0.000%+0.0828%1h$3.6M$5.9M3x