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

NEX

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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 0.000%
Price spread now: Bybit against KuCoin+0.185%7-day average +0.122% · you sell dearer than you buy
Net, funding: paid 7d − costs−$650as in the Funding arb table
Net, price: spread back to 7d avg − costs−$624as in the Price arb table
costs, in and out, $10k−$6316.307% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.191%−$19 on $10k
Price spread, last 4 days (all we have)−0.375%−$37 · spread now +0.185%, 7d avg +0.122%
Together, before fees−0.566%−$57 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: Bybit is 0.062% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.122%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin NEXUSDTM0.0000010840.0100pay 0.0050% / 4h1h 14m$166K$624K10x
ShortBybit 10000NEXUSDT0.0000010860.0100get 0.0050% / 4h1h 14m$353K$42K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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: +0.185% → +0.122%
$6.24
Slippage, 4 orders
−$607.71
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$624.47
Costs to cover
6.307%
Break-even
never at this rate
Slippage from KuCoin: live order book, 9 min ago; Bybit: live order book, 40 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 KuCoin live order book, 9 min ago37.00 bp344.7 bp −$345doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 40 min ago13.81 bp74.7 bp −$75doesn't fitdoesn't fitdoesn't fit

NEX on 6 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
BingX 10000NEX-USDT+0.0070%4h0.000001086+0.185%$1.6Mas long as short
Aster 1000NEXUSDT+0.0100%1h0.000001075−0.830%$2K$9253xas long as short
Bybit 10000NEXUSDTshort+0.0100%4h0.000001086+0.185%$353K$42K10x
MEXC NEX_USDT+0.0100%4h0.000001086+0.185%$116K$97K20xas long as short
KuCoin NEXUSDTMlong+0.0100%4h0.000001084long leg$166K$624K10x
Bitget 10000NEXUSDT+0.0100%4h0.0000010840.000%$120K$40K20xas long as short