Funding arb · Price arb /

NXPC

all NXPC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.009%

Price spread now: BingX against ApeX Omni−0.162%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$173as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1591.592% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.162%, 7d avg −0.012%

Together, before fees−0.091%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.150% cheaper against ApeX Omni than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni NXPCUSDT	0.2472	0.0100	pay 0.0013% / 1h	26m 54s	$18K	$632K	50x
Short	BingX NXPC-USDT	0.2468	0.0070	get 0.0035% / 4h	26m 54s	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee BingXbpOrdersPrice spread, now −0.162%Rate

Funding earned: −$6.3
Price spread: −0.162% → −0.012%: −$15
Slippage, 4 orders: −$139.16
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$180.45
Costs to cover: 1.592%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 31 min ago; BingX: live order book, 9 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 ApeX Omni live order book, 31 min ago	12.22 bp	28.5 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	16.25 bp	49.9 bp −$50	111.1 bp −$1,111	446.5 bp −$44.7K	731.4 bp −$365.7K

NXPC on 10 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
BingX NXPC-USDTshort	+0.0070%	4h	0.2468	−0.162%	—	$6.5M	—
Hyperliquid NXPC	+0.0100%	1h	0.2465	−0.263%	$387K	$383K	3x	as long as short
Binance NXPCUSDT	+0.0100%	4h	0.2468	−0.162%	$4.7M	$7.6M	50x	as long as short
Bybit NXPCUSDT	+0.0100%	4h	0.2467	−0.202%	$1.2M	$2.5M	25x	as long as short
Gate NXPC_USDT	+0.0100%	8h	0.2469	−0.121%	$95K	$253K	50x	as long as short
MEXC NXPC_USDT	+0.0100%	4h	0.2468	−0.162%	$517K	$232K	100x	as long as short
KuCoin NXPCUSDTM	+0.0100%	4h	0.2466	−0.243%	$560K	$161K	50x	as long as short
Bitget NXPCUSDT	+0.0100%	4h	0.2467	−0.202%	$430K	$934K	50x	as long as short
Variational Omni NXPC	+0.0100%	4h	0.2467	−0.200%	$29K	$2K	—	as long as short
ApeX Omni NXPCUSDTlong	+0.0100%	1h	0.2472	long leg	$18K	$632K	50x