Funding you earn now, next payment 00:00 UTC+0.0707%/8h= +77.4% APRnext payment +$3.54 per $10,000 · paid last 24h −0.270%
Price spread now: MEXC against Bybit−0.028%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$206as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1611.606% of the position
Funding, last 7 days−0.457%−$46 on $10k
+Price spread, last 7 days+0.105%+$10 · spread now −0.028%, 7d avg −0.009%
=The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$21 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.457%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.457% in total (about -23.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.54 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 | Bybit NIULAIUSDT | 0.1057 | 0.0393 | pay 0.0196% / 4h | 2h 04m | $2.8M | $6.8M | 20x |
| Short | MEXC NIULAI_USDT | 0.1057 | 0.1100 | get 0.0550% / 4h | 2h 04m | $1.7M | $697K | 20x |
Bybit NIULAIUSDT
MEXC NIULAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $148.5
- Price spread: −0.028% → −0.009%
- −$1.98
- Slippage, 4 orders
- −$145.62
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$14.09
- Costs to cover
- 1.606%
- Break-even
- 7.7 days
Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 2 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, 3 min ago | 0.95 bp | 83.0 bp −$83 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.47 bp | 7.9 bp −$8 | 47.9 bp −$479 | 589.4 bp −$58.9K | 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 | 0.1056 | −0.132% | $187K | $1.8M | 10x | as long as short |
| SoDEX NIULAI-USD | +0.0100% | 1h | 0.1057 | −0.038% | $219 | $8K | 10x | as long as short |
| Bybit NIULAIUSDTlong | +0.0393% | 4h | 0.1057 | long leg | $2.8M | $6.8M | 20x | |
| MEXC NIULAI_USDTshort | +0.1100% | 4h | 0.1057 | −0.028% | $1.7M | $697K | 20x | |
| edgeX 牛来USDC | +0.1111% | 4h | 0.1057 | +0.002% | $39K | $301K | 5x | as long as short |
| BingX NIULAI-USDT | +0.1418% | 4h | 0.1057 | 0.000% | — | $905K | — | as long as short |
KuCoin NIULAIUSDTM
SoDEX NIULAI-USD
edgeX 牛来USDC
BingX NIULAI-USDT