Settings8H · net · $10k
Funding arb · Price arb /

NES

all NES markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%
Price spread now: BingX against OKX+0.117%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$364as in the Funding arb table
Net, price: spread back to 7d avg − costs−$352as in the Price arb table
costs, in and out, $10k−$3643.635% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.006%−$1 on $10k
Price spread, last 4 days (all we have)−0.508%−$51 · spread now +0.117%, 7d avg +0.004%
Together, before fees−0.515%−$51 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.112% dearer against OKX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX NES-USDT-SWAP0.17150.0100pay 0.0050% / 4h30m 31s$1.2M$717K20x
ShortBingX NES-USDT0.17170.0100get 0.0050% / 4h30m 31s$718K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against OKX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.117% → +0.004%
$11.22
Slippage, 4 orders
−$343.51
Fee OKX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$352.3
Costs to cover
3.635%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; BingX: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 1 min ago5.82 bp105.7 bp −$1065803.2 bp −$58.0Kdoesn't fitdoesn't fit
Sell BingX live order book, 13 min ago14.68 bp96.8 bp −$97506.2 bp −$5,0621258.3 bp −$125.8Kdoesn't fit

NES on 7 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin NES-USDT+0.0070%4h0.1716+0.058%$89K$46K20xas long as short
Aster NESUSDT+0.0100%1h0.1708−0.392%$58K$2K5xas long as short
OKX NES-USDT-SWAPlong+0.0100%4h0.1715long leg$1.2M$717K20x
Gate NES_USDT+0.0100%4h0.1712−0.175%$139K$51K10xas long as short
MEXC NES_USDT+0.0100%4h0.17150.000%$706K$94K20xas long as short
KuCoin NESUSDTM+0.0100%4h0.1723+0.455%$1.4M$876K20xas long as short
BingX NES-USDTshort+0.0100%4h0.1717+0.117%$718K