Funding you earn now, next payment 08:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.36 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against MEXC+0.027%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$198as in the Price arb table
costs, in and out, $10k−$1961.960% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.027%, 7d avg +0.049%
=Funding pays, the price is against you. KuCoin is 0.022% cheaper against MEXC than usual: you would sell low and buy high (spread +0.027% now, against its 7-day average of +0.049%). If the spread goes back, that is −$2 on $10k: about 25 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC NIL_USDT | 0.07479 | 0.0100 | pay 0.0050% / 4h | 1h 18m | $2.4M | $3.7M | 100x |
| Short | KuCoin NILUSDTM | 0.07481 | 0.0172 | get 0.0086% / 4h | 1h 18m | $577K | $590K | 30x |
MEXC NIL_USDT
KuCoin NILUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $15.12
- Price spread: +0.027% → +0.049%
- −$2.21
- Slippage, 4 orders
- −$180
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$183.09
- Costs to cover
- 1.960%
- Break-even
- 91.8 days
Slippage from MEXC: live order book, 4 min ago; KuCoin: live order book, 46 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, 4 min ago | 3.36 bp | 56.0 bp −$56 | 165.8 bp −$1,658 | 304.0 bp −$30.4K | 556.8 bp −$278.4K |
| Sell KuCoin live order book, 46 min ago | 14.88 bp | 51.4 bp −$51 | 489.7 bp −$4,897 | 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 | +0.0046% | 4h | 0.07444 | −0.468% | $371K | $101K | 50x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.07466 | −0.180% | $31K | $320K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.07479 | +0.003% | $5.8M | $58.3M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.07494 | +0.201% | $4.1M | $11.3M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.07478 | −0.013% | $474K | $1.6M | 50x | as long as short |
| MEXC NIL_USDTlong | +0.0100% | 4h | 0.07479 | long leg | $2.4M | $3.7M | 100x | |
| Bitget NILUSDT | +0.0100% | 4h | 0.07486 | +0.094% | $2.1M | $7.3M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.07487 | +0.107% | — | $8.2M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.07453 | −0.345% | $192K | $238K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07477 | −0.021% | $23K | $192K | 5x | as long as short |
BloFin NIL-USDT
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
Gate NIL_USDT
Bitget NILUSDT
BingX NIL-USDT
Variational Omni NIL
Extended NIL-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NILUSDTMshort | +0.0172% | 4h | 0.07481 | +0.027% | $577K | $590K | 30x | |
| Hyperliquid NIL | +0.1333% | 1h | 0.07502 | +0.310% | $4.7M | $4.6M | 3x | as long as short |
Hyperliquid NIL