NIL funding rates and arbitrage
Updated 2026-10-29 16:54 UTC
Best NIL arbitrage after every cost
No NIL pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
NIL funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| WhiteBIT | NIL_PERP | 0.0050% | 4 h | +10.9% | −25.1% | $1.4M | 2026-10-29 20:00 |
| HTX | NIL-USDT | 0.0050% | 4 h | +10.9% | −40.8% | $22K | 2026-10-29 20:00 |
| TXFlow | NIL-USDC | -0.0035% | 1 h | −30.5% | — | $41.1K | 2026-10-29 17:00 |
| Bitget | NILUSDT | -0.0353% | 4 h | −77.3% | −40.4% | $2.1M | 2026-10-29 20:00 |
| Hyperliquid | NIL | -0.0094% | 1 h | −82.0% | −42.8% | $3M | 2026-10-29 17:00 |
| Aster | NILUSDT | -0.0408% | 4 h | −89.4% | −47.2% | $25.2K | 2026-10-29 20:00 |
| BloFin | NIL-USDT | -0.0472% | 4 h | −103.4% | −72.2% | $420.9K | 2026-10-29 20:00 |
| Binance | NILUSDT | -0.0492% | 4 h | −107.7% | −71.7% | $7.7M | 2026-10-29 20:00 |
| MEXC | NIL_USDT | -0.0494% | 4 h | −108.2% | −71.5% | $5.4M | 2026-10-29 20:00 |
| Extended | NIL-USD | -0.0124% | 1 h | −108.6% | −64.0% | $53.2K | 2026-10-29 17:00 |
| LBank | NILUSDT | -0.0504% | 4 h | −110.4% | — | — | 2026-10-29 20:00 |
| Bitunix | NILUSDT | -0.0521% | 4 h | −114.1% | −52.6% | — | 2026-10-29 20:00 |
| Gate | NIL_USDT | -0.0522% | 4 h | −114.3% | −71.5% | $296.1K | 2026-10-29 20:00 |
| BingX | NIL-USDT | -0.0542% | 4 h | −118.7% | −48.9% | $1.6M | 2026-10-29 20:00 |
| Bybit | NILUSDT | -0.0609% | 4 h | −133.3% | −60.2% | $3.9M | 2026-10-29 20:00 |
| Variational | NIL-PERP | -0.0622% | 4 h | −136.3% | — | $85.8K | 2026-10-29 20:00 |
| KuCoin | NILUSDTM | -0.0710% | 4 h | −155.5% | −68.2% | $482.8K | 2026-10-29 20:00 |
Borrow NIL to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Gate | 50.53% | $30K |
| Binance | 70.28% | — |
| Bitget | 89.87% | — |
Cost to enter $10,000 of NIL
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | NIL_USDT | 14.8 bp | live order book |
| BingX | NIL-USDT | 18.7 bp | live order book |
| Bitget | NILUSDT | 26.7 bp | live order book |
| Extended | NIL-USD | 6.0 bp | top of book only |
| Variational | NIL-PERP | 6.5 bp | top of book only |
| Bybit | NILUSDT | 7.5 bp | top of book only |
| Gate | NIL_USDT | 8.2 bp | top of book only |
| BloFin | NIL-USDT | 8.6 bp | top of book only |
| Binance | NILUSDT (spot) | 12.6 bp | top of book only |
| Aster | NILUSDT | 15.1 bp | top of book only |
| Bitget | NILUSDT (spot) | 19.7 bp | top of book only |
| Gate | NIL_USDT (spot) | 25.8 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
More on NIL
Questions
Is NIL funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no NIL pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest NIL funding rate?
WhiteBIT at +10.9% a year (0.0050% every 4 h); the lowest is KuCoin at −155.5%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.