Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

NIULAI

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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance牛来USDT
0.07866+0.0100pay 0.0050% / 4h1h 42m$24.4M$34.9M10xLong Binance
SHORT
BybitNIULAIUSDT
0.07864+0.2149get 0.1074% / 4h1h 42m$2.5M$2.2M20xShort Bybit
Price gap−0.032%
Funding gap+0.2049% /8h

Funding pays +$61 a day on $10k, but the gap is 0.064% under its 7d average: −$6 if it goes back, about 3 hours of funding. At the last 7 days' pace that is about 2.6 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$17+0.2049% /8h now · paid +0.171% over the last 7D
Price−$6spread −0.032% now, avg +0.033% → −0.064% if it goes back
Costs−$1701.697% of $10k · taker + slippage, in and out
Result−$159−1.59%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.171% in total, about +0.0081%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.032%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

NIULAI on 12 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size21.8 / 61.6 bp
    At $10k entering Bybit costs 61.6 bp, fee and slippage, 2.8× Binance’s.
  • Note: Margin at max leverage$1,000 + $500
    Binance 10x, Bybit 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval4h / 4h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$61.47Long Binance: 6 payments, −$3.00; short Bybit: 6 payments, +$64.47.
  • Watch: Gap narrower than usual−0.032% vs +0.033%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$2.5M vs $24.4M OI
    Bybit sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBinance Yes · Bybit Yes
    Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0081%/8h × 21 periods+$17.10
Price spread−0.032% → +0.033% (7d avg)−$6.45
Slippage, 4 orderslive order books−$148.71
Fee Binance bp × 2 orders−$10.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$159.05
Costs to cover1.697%Break-even72.1 days
Slippage: Binance: live order book, 15 min ago; Bybit: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance1.2821.8 bp−$22103.5 bp−$1,035doesn’t fitdoesn’t fit
SELL · SHORTBybit4.4661.6 bp−$62161.8 bp−$1,618doesn’t fitdoesn’t fit

Closing costs about the same again.

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