Funding you earn now, next payment 04:00 UTC−0.0496%/8h= −54.3% APRnext payment −$2.48 per $10,000 · paid last 24h −0.176%
Price spread now: edgeX against Bybit−1.030%91s7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$263as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2202.202% of the position
Funding, last 7 days−0.427%−$43 on $10k
+Price spread, last 4 days (all we have)+0.176%+$18 · spread now −1.030%, 7d avg +0.004%
=Together, before fees−0.252%+ Points / potential airdropedgeX: Active · farm board−$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and edgeX is 1.034% cheaper against Bybit than usual: you would sell low and buy high (−$103 if the spread goes back to its 7-day average of +0.004%). Swap the legs. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NIULAIUSDT | 0.1071 | 0.0803 | pay 0.0401% / 4h | 2h 01m | $3.0M | $6.2M | 20x |
| Short | edgeX 牛来USDC | 0.1060 | 0.0307 | get 0.0154% / 4h | 2h 01m | $39K | $303K | 5x |
Bybit NIULAIUSDT
edgeX 牛来USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$104.08
- Price spread: −1.030% → +0.004%
- −$103.37
- Slippage, 4 orders
- −$200.23
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$427.67
- Costs to cover
- 2.202%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; edgeX: live order book, 1 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, 1 min ago | 3.27 bp | 59.3 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 1 min ago | 4.67 bp | 45.9 bp −$46 | doesn't fit | 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 | 0.1070 | −0.075% | $188K | $1.5M | 10x | as long as short |
| SoDEX NIULAI-USD | +0.0100% | 1h | 0.1072 | +0.131% | $223 | $6K | 10x | as long as short |
| edgeX 牛来USDCshort | +0.0307% | 4h | 0.1060 | −1.030% | $39K | $303K | 5x | |
| MEXC NIULAI_USDT | +0.0308% | 4h | 0.1071 | +0.019% | $1.9M | $725K | 20x | as long as short |
| Bybit NIULAIUSDTlong | +0.0803% | 4h | 0.1071 | long leg | $3.0M | $6.2M | 20x | |
| BingX NIULAI-USDT | +0.1254% | 4h | 0.1072 | +0.065% | — | $859K | — | as long as short |
KuCoin NIULAIUSDTM
SoDEX NIULAI-USD
MEXC NIULAI_USDT
BingX NIULAI-USDT