Funding you earn now, next payment 00:00 UTC−0.1310%/8h= −143.5% APRnext payment −$6.55 per $10,000 · paid last 24h −0.052%
Price spread now: Bybit against BingX−0.018%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1471.475% of the position
Funding, last 7 days−0.390%−$39 on $10k
+Price spread, last 7 days−0.119%−$12 · spread now −0.018%, 7d avg −0.019%
=The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: −$39 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.390% in total (about -20.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.55 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX NIULAI-USDT | 0.1094 | 0.1500 | pay 0.0750% / 4h | 54m 07s | — | $903K | — |
| Short | Bybit NIULAIUSDT | 0.1094 | 0.0190 | get 0.0095% / 4h | 54m 07s | $2.9M | $6.8M | 20x |
BingX NIULAI-USDT
Bybit NIULAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$275.2
- Price spread: −0.018% → −0.019%
- $0.04
- Slippage, 4 orders
- −$126.46
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$422.62
- Costs to cover
- 1.475%
- Break-even
- never at this rate
Slippage from BingX: live order book, 50 min ago; Bybit: live order book, 4 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BingX live order book, 50 min ago | 2.31 bp | 18.5 bp −$19 | 65.8 bp −$658 | 269.0 bp −$26.9K | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.76 bp | 62.8 bp −$63 | 214.9 bp −$2,149 | doesn't fit | doesn't fit |
NIULAI on 6 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NIULAIUSDTM | +0.0100% | 4h | 0.1092 | −0.183% | $193K | $1.7M | 10x | as long as short |
| SoDEX NIULAI-USD | +0.0100% | 1h | 0.1092 | −0.192% | $226 | $8K | 10x | as long as short |
| Bybit NIULAIUSDTshort | +0.0190% | 4h | 0.1094 | −0.018% | $2.9M | $6.8M | 20x | |
| MEXC NIULAI_USDT | +0.1010% | 4h | 0.1092 | −0.146% | $1.8M | $683K | 20x | as long as short |
| edgeX 牛来USDC | +0.1020% | 4h | 0.1091 | −0.293% | $40K | $301K | 5x | as long as short |
| BingX NIULAI-USDTlong | +0.1500% | 4h | 0.1094 | long leg | — | $903K | — |
KuCoin NIULAIUSDTM
SoDEX NIULAI-USD
MEXC NIULAI_USDT
edgeX 牛来USDC