Spread before costs (cost unknown: a leg has no order-book sample)−0.202%
7d average—if it closes, per $10,000$20funding while held, a day+$0.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni NIL | 0.06400 | 0.0100 | pay 0.0050% / 4h | 1h 38m | $46K | $166K | — |
| Short | Extended NIL-USD | 0.06387 | 0.0104 | get 0.0013% / 1h | 38m 34s | $15K | $94K | 5x |
Variational Omni NIL
Extended NIL-USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$20.21
- Funding while held
- $0.12
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$25.09
- Spread needed to break even
- 0.050%
Slippage unknown: Variational Omni: RFQ quote, 37 min ago; Extended: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.12
- Average in range /8h
- —
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 Variational Omni RFQ quote, 37 min ago | 6.34 bp | doesn't fit | 213.9 bp −$2,139 | doesn't fit | doesn't fit |
| Sell Extended no order-book sample | — | — | — | — | — |
Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
NIL price on every exchange
against the cheapest. Click to use as the short leg.BloFin0.06380cheapestKuCoin0.06383+0.047%Aster0.06386+0.089%
BloFin
KuCoin
AsterExtended0.06387+0.107%
Gate0.06393+0.204%BingX0.06397+0.266%
Gate
BingXVariational Omni0.06400+0.310%
Binance0.06400+0.317%MEXC0.06401+0.329%Bitget0.06407+0.423%Bybit0.06414+0.533%Hyperliquid0.06425+0.707%
Binance
MEXC
Bitget
Bybit
HyperliquidNIL on 12 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin NIL-USDT | −0.309% | +0.0102% | 4h | $359K | $160K | 50x | as long as short |
| KuCoin NILUSDTM | −0.262% | +0.0100% | 4h | $445K | $784K | 30x | as long as short |
| Aster NILUSDT | −0.221% | +0.0100% | 4h | $20K | $406K | 5x | as long as short |
| Extended NIL-USDshort | −0.202% | +0.0104% | 1h | $15K | $94K | 5x | |
| Gate NIL_USDT | −0.106% | +0.0100% | 4h | $415K | $2.6M | 50x | as long as short |
| BingX NIL-USDT | −0.044% | +0.0100% | 4h | — | $8.8M | — | as long as short |
| Variational Omni NILlong | 0.000% | +0.0100% | 4h | $46K | $166K | — | |
| Binance NILUSDT | +0.007% | +0.0100% | 4h | $5.3M | $98.4M | 50x | as long as short |
| MEXC NIL_USDT | +0.019% | +0.0100% | 4h | $2.0M | $8.3M | 100x | as long as short |
| Bitget NILUSDT | +0.113% | +0.0100% | 4h | $1.7M | $10.8M | 50x | as long as short |
Show all 12 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit NILUSDT | +0.222% | +0.0100% | 4h | $3.3M | $17.1M | 20x | as long as short |
| Hyperliquid NIL | +0.396% | +0.1203% | 1h | $3.7M | $5.4M | 3x | as long as short |