Settings8H · net · $10k
Funding arb · Price arb /

NXPC

all NXPC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0091%/8h= −9.9% APRnext payment $0.11 per $10,000 · paid last 24h −0.015%
Price spread now: Hyperliquid against ApeX Omni−0.171%7-day average −0.107% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1071.068% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.033%−$3 on $10k
Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.171%, 7d avg −0.107%
Together, before fees+0.058%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Hyperliquid is 0.065% cheaper against ApeX Omni than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.107%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni NXPCUSDT0.2449−0.0110get 0.0014% / 1h42m 53s$17K$634K50x
ShortHyperliquid NXPC0.2445−0.0200pay 0.0025% / 1h42m 53s$383K$394K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
−$19.06
Price spread: −0.171% → −0.107%
−$6.5
Slippage, 4 orders
−$87.84
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$132.4
Costs to cover
1.068%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 5 min ago; Hyperliquid: live order book, 27 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 5 min ago6.11 bp23.6 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 27 min ago6.10 bp29.9 bp −$30doesn't fitdoesn't fitdoesn't fit

NXPC on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid NXPCshort−0.0200%1h0.2445−0.171%$383K$394K3x
ApeX Omni NXPCUSDTlong−0.0110%1h0.2449long leg$17K$634K50x
BingX NXPC-USDT+0.0070%4h0.2446−0.122%$6.5Mas long as short
Binance NXPCUSDT+0.0100%4h0.2447−0.082%$4.6M$7.9M50xas long as short
Bybit NXPCUSDT+0.0100%4h0.2444−0.204%$1.2M$2.6M25xas long as short
Gate NXPC_USDT+0.0100%8h0.2443−0.245%$74K$272K50xas long as short
MEXC NXPC_USDT+0.0100%4h0.2446−0.122%$488K$248K100xas long as short
KuCoin NXPCUSDTM+0.0100%4h0.2446−0.122%$563K$169K50xas long as short
Bitget NXPCUSDT+0.0100%4h0.2446−0.122%$424K$928K50xas long as short
Variational Omni NXPC+0.0100%4h0.2443−0.242%$29K$2Kas long as short