Funding you earn now, next payment 08:00 UTC+0.0118%/8h= +12.9% APRnext payment +$0.59 per $10,000 · paid last 24h +0.121%
Price spread now: BingX against Bybit−0.279%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$192as in the Price arb table
costs, in and out, $10k−$1631.629% of the position
Funding, last 7 days+0.452%+$45 on $10k
+Price spread, last 7 days+0.333%+$33 · spread now −0.279%, 7d avg +0.010%
=Funding pays, the price is against you. BingX is 0.289% cheaper against Bybit than usual: you would sell low and buy high (spread −0.279% now, against its 7-day average of +0.010%). If the spread goes back, that is −$29 on $10k: about 8.2 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NIULAIUSDT | 0.1040 | 0.0552 | pay 0.0276% / 4h | 2h 35m | $3.2M | $7.1M | 20x |
| Short | BingX NIULAI-USDT | 0.1037 | 0.0670 | get 0.0335% / 4h | 2h 35m | — | $887K | — |
Bybit NIULAIUSDT
BingX NIULAI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- $24.7
- Price spread: −0.279% → +0.010%
- −$28.87
- Slippage, 4 orders
- −$141.91
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$167.08
- Costs to cover
- 1.629%
- Break-even
- 54.3 days
Slippage from Bybit: live order book, 7 min ago; BingX: live order book, 53 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 Bybit live order book, 7 min ago | 2.86 bp | 66.9 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 53 min ago | 1.43 bp | 17.2 bp −$17 | 60.9 bp −$609 | 335.6 bp −$33.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC NIULAI_USDT | +0.0100% | 4h | 0.1037 | −0.260% | $1.8M | $730K | 20x | as long as short |
| KuCoin NIULAIUSDTM | +0.0100% | 4h | 0.1037 | −0.279% | $186K | $1.5M | 10x | as long as short |
| edgeX 牛来USDC | +0.0100% | 4h | 0.1037 | −0.302% | $38K | $301K | 5x | as long as short |
| SoDEX NIULAI-USD | +0.0100% | 1h | 0.1038 | −0.192% | $2K | $9K | 10x | as long as short |
| Bybit NIULAIUSDTlong | +0.0552% | 4h | 0.1040 | long leg | $3.2M | $7.1M | 20x | |
| BingX NIULAI-USDTshort | +0.0670% | 4h | 0.1037 | −0.279% | — | $887K | — |
MEXC NIULAI_USDT
KuCoin NIULAIUSDTM
edgeX 牛来USDC
SoDEX NIULAI-USD