NIL funding rates and arbitrage
Updated 2026-11-11 22:51 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 |
|---|---|---|---|---|---|---|---|
| Bybit | NILUSDT | 0.0050% | 4 h | +10.9% | −2.8% | $1.6M | 2026-11-12 00:00 |
| WhiteBIT | NIL_PERP | 0.0050% | 4 h | +10.9% | +11.0% | $790K | 2026-11-12 00:00 |
| HTX | NIL-USDT | 0.0050% | 4 h | +10.9% | +9.4% | $2.8K | 2026-11-12 00:00 |
| BingX | NIL-USDT | 0.0050% | 4 h | +10.9% | −6.7% | $632.4K | 2026-11-12 00:00 |
| Gate | NIL_USDT | 0.0050% | 4 h | +10.9% | −25.1% | $140.2K | 2026-11-12 00:00 |
| Hyperliquid | NIL | 0.0013% | 1 h | +10.9% | −16.3% | $2M | 2026-11-11 23:00 |
| Variational | NIL-PERP | 0.0050% | 4 h | +10.9% | +7.4% | $28.7K | 2026-11-12 00:00 |
| TXFlow | NIL-USDC | 0.0010% | 1 h | +8.4% | — | $35.1K | 2026-11-11 23:00 |
| Bitunix | NILUSDT | 0.0019% | 4 h | +4.1% | −7.8% | — | 2026-11-12 00:00 |
| Binance | NILUSDT | -0.0039% | 4 h | −8.6% | −8.3% | $4.2M | 2026-11-12 00:00 |
| MEXC | NIL_USDT | -0.0042% | 4 h | −9.2% | −8.0% | $3.6M | 2026-11-12 00:00 |
| Extended | NIL-USD | -0.0011% | 1 h | −9.6% | −7.3% | $3.4K | 2026-11-11 23:00 |
| BloFin | NIL-USDT | -0.0045% | 4 h | −9.8% | −8.1% | $247.7K | 2026-11-12 00:00 |
| LBank | NILUSDT | -0.0047% | 4 h | −10.3% | +6.7% | — | 2026-11-12 00:00 |
| KuCoin | NILUSDTM | -0.0166% | 4 h | −36.4% | −38.4% | $454.1K | 2026-11-12 00:00 |
| Aster | NILUSDT | -0.0237% | 4 h | −51.9% | −34.9% | $16K | 2026-11-12 00:00 |
| Bitget | NILUSDT | -0.0255% | 4 h | −55.8% | −12.2% | $1.3M | 2026-11-12 00:00 |
Borrow NIL to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 10.69% | — |
| Gate | 13.09% | $30K |
| Binance | 63.61% | — |
Cost to enter $10,000 of NIL
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | NIL_USDT | 0.9 bp | top of book only |
| Extended | NIL-USD | 5.0 bp | top of book only |
| Binance | NILUSDT | 5.9 bp | top of book only |
| Bybit | NILUSDT | 6.4 bp | top of book only |
| BingX | NIL-USDT | 8.6 bp | top of book only |
| Bitget | NILUSDT | 8.7 bp | top of book only |
| Aster | NILUSDT | 9.4 bp | top of book only |
| BloFin | NIL-USDT | 9.6 bp | top of book only |
| Variational | NIL-PERP | 10.0 bp | top of book only |
| Gate | NIL_USDT | 10.2 bp | top of book only |
| Binance | NILUSDT (spot) | 13.6 bp | top of book only |
| Bitget | NILUSDT (spot) | 14.5 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?
Bybit at +10.9% a year (0.0050% every 4 h); the lowest is Bitget at −55.8%. 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.