ArbiLayer

NIL arbitrage

live

Live Nillion price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.04%Binance → HTX · Perp–Perp
Best perp–perp spread+0.20%Binance → HTX
Markets tracked149 venues · 9 perp · 5 spot · 0 DEX
Price range0.24%$0.093 – $0.0932

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Binance logoBinance$0.093HTX logoHTX$0.0932 +0.20%+0.04% +0.20%— -0.015%— LS Chart →
MEXC logoMEXC$0.093HTX logoHTX$0.0932 +0.19%+0.03% +0.19%— -0.015%— LS Chart →
Binance logoBinance$0.093Bybit logoBybit$0.0931 +0.13%-0.03% +0.13%— 0.000%— LS Chart →
MEXC logoMEXC$0.093Bybit logoBybit$0.0931 +0.12%-0.04% +0.12%— 0.000%+0.50% LS Chart →
Bitget logoBitget$0.0931HTX logoHTX$0.0932 +0.12%-0.04% +0.12%— -0.015%— LS Chart →
Gate logoGate$0.0931HTX logoHTX$0.0932 +0.11%-0.05% +0.11%— -0.015%— LS Chart →
Binance logoBinance$0.093Bitget logoBitget$0.0931 +0.05%-0.11% +0.05%— 0.000%— LS Chart →
Binance logoBinance$0.093Gate logoGate$0.0931 +0.05%-0.11% +0.05%— 0.000%— LS Chart →
Bybit logoBybit$0.0932HTX logoHTX$0.0932 +0.05%-0.11% +0.05%— -0.015%— LS Chart →
KuCoin logoKuCoin$0.0932HTX logoHTX$0.0932 +0.05%-0.11% +0.05%— -0.015%— LS Chart →
MEXC logoMEXC$0.093Bitget logoBitget$0.0931 +0.04%-0.12% +0.04%— 0.000%+0.02% LS Chart →
MEXC logoMEXC$0.093Gate logoGate$0.0931 +0.04%-0.12% +0.04%— 0.000%+0.06% LS Chart →
Bitget logoBitget$0.0931Bybit logoBybit$0.0931 +0.04%-0.12% +0.04%— 0.000%+0.47% LS Chart →
Gate logoGate$0.0931Bybit logoBybit$0.0931 +0.03%-0.13% +0.03%— 0.000%+0.44% LS Chart →
Binance logoBinance$0.093Hyperliquid logoHyperliquid$0.093 +0.02%-0.14% +0.02%— 0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

NIL price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · NILUSDTPerpetual $0.0931$0.0932$0.0931+0.07% +0.030%$12.33M
Gate logoGatePerpetual · NIL_USDTPerpetual $0.0931$0.0931$0.0931+0.00% +0.030%$12.20M
Bitget logoBitgetPerpetual · NILUSDTPerpetual $0.0931$0.0931$0.0931-0.00% +0.030%$5.86M
MEXC logoMEXCPerpetual · NIL_USDTPerpetual $0.093$0.093$0.093-0.08% +0.030%$4.28M
Hyperliquid logoHyperliquidPerpetual · NILPerpetual $0.093$0.0932$0.0931+0.05% +0.030%$3.27M
KuCoin logoKuCoinPerpetual · NILUSDTMPerpetual $0.093$0.0932$0.0931-0.02% +0.030%$1.11M
KuCoin logoKuCoinSpot · NIL-USDTSpot $0.093$0.0931$0.0931-0.03% —$752.4K
HTX logoHTXPerpetual · NIL-USDTPerpetual $0.0932$0.0932$0.0932+0.14% +0.015%$267.2K
Bitget logoBitgetSpot · NILUSDTSpot $0.093$0.0931$0.0931-0.01% —$237.4K
Gate logoGateSpot · NIL_USDTSpot $0.093$0.0932$0.0931+0.02% —$103.6K
Binance logoBinancePerpetual · NILUSDTPerpetual $0.093$0.093$0.093-0.09% +0.030%—
Aster logoAsterPerpetual · NILUSDTPerpetual $0.0929$0.0933$0.0931+0.04% +0.030%—
Binance logoBinanceSpot · NILUSDTSpot $0.093$0.0931$0.0931-0.01% ——
MEXC logoMEXCSpot · NILUSDTSpot $0.093$0.0932$0.0931+0.02% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

NIL arbitrage explained

Right now Nillion (NIL) trades on 9 venues we scan: 9 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Binance perp at $0.093 and the highest bid on HTX perp at $0.0932.

The widest NIL perpetual spread is between Binance and HTX: long NIL on Binance at $0.093 and short on HTX at $0.0932 for +0.20% gross, or +0.04% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.015% per day, which the position pays while it is open.

For a spot–perpetual (cash-and-carry) trade, the best NIL route is to buy spot on Binance and short the perpetual on HTX: +0.12% gross, -0.08% net, with +0.015% a day of funding on the short leg.

Spot–spot NIL arbitrage (buy on Binance, withdraw, deposit and sell on Gate) shows -0.06% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small NIL gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: NIL funding rates · NIL spread charts · Nillion price · arbitrage scanner for all coins.

Is there a NIL arbitrage opportunity right now?

The best NIL route right now is to buy on Binance → sell on HTX (Perp–Perp): +0.20% gross and +0.04% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest NIL?

Binance (perp) has the lowest NIL ask at $0.093, and HTX (perp) the highest bid at $0.0932. Prices update every 15 seconds on this page.

How many exchanges list NIL?

ArbiLayer tracks 14 NIL markets on 9 venues: 9 perpetual, 5 spot and 0 DEX pools.

How do I arbitrage NIL without transferring coins?

Use two perpetual contracts: go long NIL on the cheaper exchange (Binance now) and short it on the more expensive one (HTX), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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