Funding you earn now, next payment 04:00 UTC+0.0980%/8h= +107.3% APRnext payment +$4.90 per $10,000 · paid last 24h +0.416%
Price spread now: BingX against KuCoin+0.049%7-day average −0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1321.319% of the position
Funding, last 7 days+0.483%+$48 on $10k
+Price spread, last 7 days−0.141%−$14 · spread now +0.049%, 7d avg −0.064%
=Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and BingX is 0.113% dearer against KuCoin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.064%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.483% in total (about 25.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.90 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 | KuCoin NIULAIUSDTM | 0.1031 | 0.0100 | pay 0.0050% / 4h | 1h 07m | $174K | $1.5M | 10x |
| Short | BingX NIULAI-USDT | 0.1031 | 0.1080 | get 0.0540% / 4h | 1h 07m | — | $850K | — |
KuCoin NIULAIUSDTM
BingX NIULAI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against KuCoin. 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
- $205.8
- Price spread: +0.049% → −0.064%
- $11.29
- Slippage, 4 orders
- −$109.85
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $85.24
- Costs to cover
- 1.319%
- Break-even
- 4.1 days
Slippage from KuCoin: live order book, 8 min ago; BingX: live order book, 52 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 KuCoin live order book, 8 min ago | 15.94 bp | 43.5 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 52 min ago | 1.88 bp | 14.5 bp −$14 | 58.7 bp −$587 | 294.8 bp −$29.5K | 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 NIULAIUSDTMlong | +0.0100% | 4h | 0.1031 | long leg | $174K | $1.5M | 10x | |
| SoDEX NIULAI-USD | +0.0100% | 1h | 0.1031 | +0.039% | $3K | $7K | 10x | as long as short |
| MEXC NIULAI_USDT | +0.0162% | 4h | 0.1031 | +0.087% | $1.8M | $704K | 20x | as long as short |
| edgeX 牛来USDC | +0.0166% | 4h | 0.1037 | +0.590% | $38K | $303K | 5x | as long as short |
| Bybit NIULAIUSDT | +0.0728% | 4h | 0.1031 | +0.087% | $2.9M | $6.2M | 20x | as long as short |
| BingX NIULAI-USDTshort | +0.1080% | 4h | 0.1031 | +0.049% | — | $850K | — |
SoDEX NIULAI-USD
MEXC NIULAI_USDT
edgeX 牛来USDC
Bybit NIULAIUSDT