Funding you earn now, next payment 04:00 UTC−0.0191%/8h= −20.9% APRnext payment −$0.95 per $10,000 · paid last 24h −0.001%
Price spread now: KuCoin against Variational Omni−0.073%7-day average +0.036% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.073%, 7d avg +0.036%
=Together, before fees−0.037%+ Points / potential airdropVariational Omni: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.109% 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 +0.036%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.001% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.95 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni NIL | 0.07207 | 0.0291 | pay 0.0145% / 4h | 1h 58m | $197K | $271K | — |
| Short | KuCoin NILUSDTM | 0.07202 | 0.0100 | get 0.0050% / 4h | 1h 58m | $547K | $655K | 30x |
Variational Omni NIL
KuCoin NILUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$40.04
- Price spread: −0.073% → +0.036%
- −$10.92
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$62.96
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 6 min ago; KuCoin: live order book, 40 min ago. Net counts fees only.
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, 6 min ago | 6.28 bp | doesn't fit | 175.3 bp −$1,753 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 40 min ago | 10.86 bp | 61.4 bp −$61 | 550.6 bp −$5,506 | doesn't fit | doesn't fit |
NIL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster NILUSDT | +0.0100% | 4h | 0.07189 | −0.254% | $23K | $339K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.07212 | +0.066% | $5.6M | $74.6M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.07226 | +0.260% | $4.0M | $13.5M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.07195 | −0.170% | $461K | $1.9M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.07207 | −0.003% | $2.4M | $4.3M | 100x | as long as short |
| KuCoin NILUSDTMshort | +0.0100% | 4h | 0.07202 | −0.073% | $547K | $655K | 30x | |
| Bitget NILUSDT | +0.0100% | 4h | 0.07204 | −0.045% | $1.9M | $8.1M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.07213 | +0.080% | — | $8.4M | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07197 | −0.142% | $17K | $96K | 5x | as long as short |
| Variational Omni NILlong | +0.0291% | 4h | 0.07207 | long leg | $197K | $271K | — |
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
Bitget NILUSDT
BingX NIL-USDT
Extended NIL-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid NIL | +0.1658% | 1h | 0.07234 | +0.369% | $4.6M | $4.5M | 3x | as long as short |
Hyperliquid NIL