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

NIL

all NIL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0044%/8h= −4.8% APRnext payment $0.22 per $10,000 · paid last 24h +0.006%
Price spread now: BloFin against Variational Omni−0.173%56s7-day average −0.063% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.014%+$1 on $10k
Price spread, last 3 days (all we have)−0.019%−$2 · spread now −0.173%, 7d avg −0.063%
Together, before fees−0.005%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.110% cheaper against Variational Omni than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.063%). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni NIL0.067490.0100pay 0.0050% / 4h1h 28m$50K$141K
ShortBloFin NIL-USDT0.067370.0056get 0.0028% / 4h1h 28m$351K$148K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Variational Omni. 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
−$9.21
Price spread: −0.173% → −0.063%
−$10.98
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$32.19
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 56 min ago; BloFin: live order book, 52 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 56 min ago8.09 bpdoesn't fit172.9 bp −$1,729doesn't fitdoesn't fit
Sell BloFin live order book, 52 min ago5.18 bp24.7 bp −$2586.6 bp −$866doesn'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-USDTshort+0.0056%4h0.06737−0.173%$351K$148K50x
Aster NILUSDT+0.0100%4h0.06712−0.545%$20K$368K5xas long as short
Binance NILUSDT+0.0100%4h0.06695−0.790%$5.2M$81.8M50xas long as short
Bybit NILUSDT+0.0100%4h0.06705−0.647%$3.5M$14.2M20xas long as short
Gate NIL_USDT+0.0100%4h0.06712−0.543%$427K$2.1M50xas long as short
MEXC NIL_USDT+0.0100%4h0.06704−0.662%$2.4M$5.3M100xas long as short
KuCoin NILUSDTM+0.0100%4h0.06707−0.617%$484K$715K30xas long as short
Bitget NILUSDT+0.0100%4h0.06692−0.840%$1.7M$9.1M50xas long as short
BingX NIL-USDT+0.0100%4h0.06712−0.543%$8.6Mas long as short
Variational Omni NILlong+0.0100%4h0.06749long leg$50K$141K
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended NIL-USD+0.0104%1h0.06704−0.662%$16K$94K5xas long as short
Hyperliquid NIL+0.1178%1h0.06733−0.231%$4.0M$4.6M3xas long as short