Funding you earn now, next payment 08:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.17 per $10,000 · paid last 24h +0.007%
Price spread now: BloFin against MEXC+0.147%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1171.166% of the position
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 4 days (all we have)−0.261%−$26 · spread now +0.147%, 7d avg −0.022%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.169% dearer against MEXC than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC NIL_USDT | 0.07488 | 0.0100 | pay 0.0050% / 4h | 15m 01s | $2.4M | $3.3M | 100x |
| Short | BloFin NIL-USDT | 0.07499 | 0.0134 | get 0.0067% / 4h | 15m 01s | $384K | $88K | 50x |
MEXC NIL_USDT
BloFin NIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- $7.07
- Price spread: +0.147% → −0.022%
- $16.94
- Slippage, 4 orders
- −$100.63
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$92.62
- Costs to cover
- 1.166%
- Break-even
- 98.7 days
Slippage from MEXC: live order book, 2 min ago; BloFin: live order book, 65 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 MEXC live order book, 2 min ago | 2.67 bp | 23.3 bp −$23 | 136.8 bp −$1,368 | 303.8 bp −$30.4K | 590.7 bp −$295.3K |
| Sell BloFin live order book, 65 min ago | 8.06 bp | 27.2 bp −$27 | 114.4 bp −$1,144 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX NIL-USDT | +0.0070% | 4h | 0.07484 | −0.053% | — | $8.1M | — | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.07474 | −0.183% | $31K | $262K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.07489 | +0.016% | $5.8M | $50.7M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.07496 | +0.107% | $4.2M | $10.3M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.07487 | −0.013% | $468K | $1.5M | 50x | as long as short |
| MEXC NIL_USDTlong | +0.0100% | 4h | 0.07488 | long leg | $2.4M | $3.3M | 100x | |
| Bitget NILUSDT | +0.0100% | 4h | 0.07492 | +0.053% | $2.0M | $6.2M | 50x | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.07510 | +0.298% | $184K | $246K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07491 | +0.040% | $23K | $189K | 5x | as long as short |
| KuCoin NILUSDTM | +0.0108% | 4h | 0.07496 | +0.107% | $606K | $568K | 30x | as long as short |
BingX NIL-USDT
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
Gate NIL_USDT
Bitget NILUSDT
Variational Omni NIL
Extended NIL-USD
KuCoin NILUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDTshort | +0.0134% | 4h | 0.07499 | +0.147% | $384K | $88K | 50x | |
| Hyperliquid NIL | +0.1737% | 1h | 0.07506 | +0.244% | $4.9M | $4.5M | 3x | as long as short |
Hyperliquid NIL