Funding you earn now, next payment 08:00 UTC+0.0823%/8h= +90.1% APRnext payment +$4.11 per $10,000 · paid last 24h +0.121%
Price spread now: Bybit against MEXC+0.191%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1461.460% of the position
Funding, last 7 days+0.477%+$48 on $10k
+Price spread, last 7 days−0.128%−$13 · spread now +0.191%, 7d avg +0.016%
=Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Bybit is 0.175% dearer against MEXC than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.016%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.477% in total (about 24.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.11 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 | MEXC NIULAI_USDT | 0.1046 | 0.0100 | pay 0.0050% / 4h | 3h 29m | $1.8M | $736K | 20x |
| Short | Bybit NIULAIUSDT | 0.1048 | 0.0923 | get 0.0461% / 4h | 3h 29m | $3.2M | $7.1M | 20x |
MEXC NIULAI_USDT
Bybit NIULAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against MEXC. 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
- $172.82
- Price spread: +0.191% → +0.016%
- $17.52
- Slippage, 4 orders
- −$130.96
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $44.37
- Costs to cover
- 1.460%
- Break-even
- 5.2 days
Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 3 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 MEXC live order book, 2 min ago | 1.43 bp | 3.5 bp −$4 | 64.3 bp −$643 | 607.2 bp −$60.7K | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.38 bp | 68.3 bp −$68 | 242.0 bp −$2,420 | 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC NIULAI_USDTlong | +0.0100% | 4h | 0.1046 | long leg | $1.8M | $736K | 20x | |
| KuCoin NIULAIUSDTM | +0.0100% | 4h | 0.1047 | +0.029% | $190K | $1.5M | 10x | as long as short |
| edgeX 牛来USDC | +0.0100% | 4h | 0.1046 | −0.042% | $39K | $303K | 5x | as long as short |
| SoDEX NIULAI-USD | +0.0100% | 1h | 0.1048 | +0.134% | $5K | $8K | 10x | as long as short |
| Bybit NIULAIUSDTshort | +0.0923% | 4h | 0.1048 | +0.191% | $3.2M | $7.1M | 20x | |
| BingX NIULAI-USDT | +0.0926% | 4h | 0.1044 | −0.210% | — | $887K | — | as long as short |
KuCoin NIULAIUSDTM
edgeX 牛来USDC
SoDEX NIULAI-USD
BingX NIULAI-USDT