NIL arbitrage between HyperLiquid and KuCoin: we compare the price of NIL on HyperLiquid (futures) and KuCoin (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Nillion

Nillion is the first Blind Computer & a private computation and storage network. The network uses PETs (Privacy-Enhancing Technologies) to enable computation and storage on data while maintaining privacy, making possible use cases like private personalized AI, encrypted databases, data marketplace, and privacy-preserving applications. $NIL is the native utility token of the network that is used for: Network fees for blind computation and payments across the Coordination Layer and Petnet Staking to secure the network Governance participation the onchain governance module $NIL enables access to Nillion modules and services such as: DB: an encrypted database with data split up across multiple nodes.…

Artificial Intelligence (AI), Infrastructure, Binance Launchpool, Ethereum Ecosystem

NIL: KuCoin — deposit open, withdrawal open.

Open interest in NIL right now — $9.5M: Binance $3.1M, BingX $2.7M, Bybit $1.5M, Bitget $1.0M, KuCoin $574.9K. See OI NIL.

About NIL arbitrage

How do I read the NIL spread?

The spread is how many percent higher NIL trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and KuCoin. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get NIL alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.