Funding you earn now, next payment 12:00 UTC−0.0530%/8h= −58.0% APRnext payment −$2.65 per $10,000 · paid last 24h −0.239%
Price spread now: MEXC against BingX−0.088%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$430.435% of the position
Funding, last 7 days−0.974%−$97 on $10k
+Price spread, last 7 days+0.123%+$12 · spread now −0.088%, 7d avg −0.024%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and MEXC is 0.063% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.024%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX NIULAI-USDT | 0.1142 | 0.0902 | pay 0.0451% / 4h | 9m 21s | — | $870K | — |
| Short | MEXC NIULAI_USDT | 0.1141 | 0.0372 | get 0.0186% / 4h | 9m 21s | $2.0M | $685K | 20x |
BingX NIULAI-USDT
MEXC NIULAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$111.3
- Price spread: −0.088% → −0.024%
- −$6.33
- Slippage, 4 orders
- −$29.49
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$161.12
- Costs to cover
- 0.435%
- Break-even
- never at this rate
Slippage from BingX: live order book, 58 min ago; MEXC: live order book, just now.
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, 58 min ago | 1.37 bp | 14.4 bp −$14 | 38.9 bp −$389 | 255.1 bp −$25.5K | doesn't fit |
| Sell MEXC live order book, just now | 2.63 bp | 7.8 bp −$8 | 106.1 bp −$1,061 | 766.9 bp −$76.7K | doesn't fit |
NIULAI on 6 exchanges
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 | 0.1139 | −0.228% | $210K | $1.4M | 10x | as long as short |
| SoDEX NIULAI-USD | +0.0100% | 1h | 0.1146 | +0.333% | $163 | $10K | 10x | as long as short |
| edgeX 牛来USDC | +0.0363% | 4h | 0.1150 | +0.673% | $43K | $295K | 5x | as long as short |
| MEXC NIULAI_USDTshort | +0.0372% | 4h | 0.1141 | −0.088% | $2.0M | $685K | 20x | |
| Bybit NIULAIUSDT | +0.0554% | 4h | 0.1141 | −0.070% | $3.6M | $6.2M | 20x | as long as short |
| BingX NIULAI-USDTlong | +0.0902% | 4h | 0.1142 | long leg | — | $870K | — |
KuCoin NIULAIUSDTM
SoDEX NIULAI-USD
edgeX 牛来USDC
Bybit NIULAIUSDT