Funding you earn now, next payment 10:00 UTC+0.0585%/8h= +64.0% APRpaid last 24h +0.239%
Price spread now: Bybit against SoDEX−0.595%56s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Bybit is 0.595% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.595% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$60 on $10k: about 3.4 days of funding at the current rate (+$18 a day). The two prices were read 56 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 | SoDEX NIULAI-USD | 0.1092 | 0.0100 | pay 0.0013% / 1h | 58m 24s | $423 | $11K | 10x |
| Short | Bybit NIULAIUSDT | 0.1085 | 0.0685 | get 0.0342% / 4h | 2h 58m | $3.4M | $6.8M | 20x |
SoDEX NIULAI-USD
Bybit NIULAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against SoDEX. 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
- $122.81
- Price spread: −0.595% → 0.000%
- −$59.52
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $44.28
- Costs to cover
- 0.190%
- Break-even
- 4.5 days
Slippage unknown: SoDEX: no order-book sample; Bybit: live order book, 5 min ago. Net counts fees only.
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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 5 min ago | 2.74 bp | 81.1 bp −$81 | doesn't fit | doesn't fit | doesn't fit |
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.1084 | −0.696% | $219K | $1.3M | 10x | as long as short |
| SoDEX NIULAI-USDlong | +0.0100% | 1h | 0.1092 | long leg | $423 | $11K | 10x | |
| edgeX 牛来USDC | +0.0253% | 4h | 0.1091 | −0.136% | $40K | $299K | 5x | as long as short |
| MEXC NIULAI_USDT | +0.0262% | 4h | 0.1086 | −0.559% | $1.9M | $693K | 20x | as long as short |
| Bybit NIULAIUSDTshort | +0.0685% | 4h | 0.1085 | −0.595% | $3.4M | $6.8M | 20x | |
| BingX NIULAI-USDT | +0.0824% | 4h | 0.1086 | −0.568% | — | $873K | — | as long as short |
KuCoin NIULAIUSDTM
edgeX 牛来USDC
MEXC NIULAI_USDT
BingX NIULAI-USDT