# NIL funding rates and arbitrage

Updated 2026-10-29 19:10 UTC · https://afterfees.xyz/coin/NIL

## Best NIL arbitrage after every cost

| Coin | Pair | Long | Short | Net · 168 h | Net APR | Max size | Status |
|---|---|---|---|---|---|---|---|
| [NIL](https://afterfees.xyz/coin/NIL) | Perp ↔ perp | [MEXC](https://afterfees.xyz/venues/mexc) NIL_USDT | [Bybit](https://afterfees.xyz/venues/bybit) NILUSDT | −$52.42 | −27.3% | < $100 | Watch |
| [NIL](https://afterfees.xyz/coin/NIL) | Perp ↔ perp | [Binance](https://afterfees.xyz/venues/binance) NILUSDT | [Bybit](https://afterfees.xyz/venues/bybit) NILUSDT | — | — | < $100 | Watch |

_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](https://afterfees.xyz/venues/whitebit) | NIL_PERP | 0.0050% | 4 h | +10.9% | −24.7% | $1.4M | 2026-10-29 20:00 |
| [HTX](https://afterfees.xyz/venues/htx) | NIL-USDT | 0.0050% | 4 h | +10.9% | −40.2% | $21K | 2026-10-29 20:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | NILUSDT | -0.0126% | 4 h | −27.6% | −59.4% | $3.6M | 2026-10-29 20:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | NILUSDT | -0.0133% | 4 h | −29.1% | −39.8% | $2M | 2026-10-29 20:00 |
| [Variational](https://afterfees.xyz/venues/variational) | NIL-PERP | -0.0266% | 4 h | −58.1% | — | $74.2K | 2026-10-29 20:00 |
| [BloFin](https://afterfees.xyz/venues/blofin) | NIL-USDT | -0.0275% | 4 h | −60.1% | −71.2% | $402.4K | 2026-10-29 20:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | NIL-USDT | -0.0288% | 4 h | −63.1% | −48.2% | $1.6M | 2026-10-29 20:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | NILUSDT | -0.0295% | 4 h | −64.6% | −51.8% | — | 2026-10-29 20:00 |
| [TXFlow](https://afterfees.xyz/venues/txflow) | NIL-USDC | -0.0074% | 1 h | −65.2% | — | $22.4K | 2026-10-29 20:00 |
| [Extended](https://afterfees.xyz/venues/extended) | NIL-USD | -0.0075% | 1 h | −65.7% | −65.9% | $50.9K | 2026-10-29 20:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | NIL_USDT | -0.0301% | 4 h | −65.9% | −70.5% | $5.1M | 2026-10-29 20:00 |
| [Aster](https://afterfees.xyz/venues/aster) | NILUSDT | -0.0302% | 4 h | −66.1% | −46.5% | $24.2K | 2026-10-29 20:00 |
| [Binance](https://afterfees.xyz/venues/binance) | NILUSDT | -0.0302% | 4 h | −66.2% | −70.7% | $7.4M | 2026-10-29 20:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | NILUSDT | -0.0303% | 4 h | −66.4% | — | — | 2026-10-29 20:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | NIL | -0.0083% | 1 h | −72.4% | −43.3% | $2.8M | 2026-10-29 20:00 |
| [Gate](https://afterfees.xyz/venues/gate) | NIL_USDT | -0.0450% | 4 h | −98.6% | −70.5% | $295.6K | 2026-10-29 20:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | NILUSDTM | -0.0477% | 4 h | −104.5% | −67.2% | $479.6K | 2026-10-29 20:00 |

## Borrow NIL to sell spot

| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Gate | 43.04% | $30K |
| Binance | 66.91% | — |
| Bitget | 94.40% | — |

## Cost to enter $10,000 of NIL

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | NIL_USDT | 11.0 bp | live order book |
| BingX | NIL-USDT | 14.1 bp | live order book |
| Bitget | NILUSDT | 15.4 bp | live order book |
| Binance | NILUSDT | 18.9 bp | live order book |
| Bybit | NILUSDT | 21.1 bp | live order book |
| Extended | NIL-USD | 5.2 bp | top of book only |
| Variational | NIL-PERP | 5.4 bp | top of book only |
| BloFin | NIL-USDT | 8.0 bp | top of book only |
| Gate | NIL_USDT | 9.5 bp | top of book only |
| Aster | NILUSDT | 11.4 bp | top of book only |
| Binance | NILUSDT (spot) | 14.7 bp | top of book only |
| Hyperliquid | NIL | 15.4 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

- [Borrow NIL: rates on every exchange](https://afterfees.xyz/borrow/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 −104.5%. 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._