Funding arb · Price arb /

NXPC

all NXPC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h +0.002%

Price spread now: MEXC against ApeX Omni+0.535%81s7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$850.851% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.597%−$60 · spread now +0.535%, 7d avg −0.021%

Together, before fees−0.596%−$60 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.556% dearer against ApeX Omni than usual: you sell high and buy low: +$56 more if the spread goes back to its 7-day average of −0.021%. The two prices were read 81 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	ApeX Omni NXPCUSDT	0.2431	0.0066	pay 0.0008% / 1h	36m 08s	$17K	$635K	50x
Short	MEXC NXPC_USDT	0.2444	0.0100	get 0.0050% / 4h	2h 36m	$493K	$250K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.535%Rate

Funding earned: $7.12
Price spread: +0.535% → −0.021%: $55.59
Slippage, 4 orders: −$71.11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$22.4
Costs to cover: 0.851%
Break-even: 29.0 days

Slippage from ApeX Omni: live order book, 12 min ago; MEXC: live order book, 60 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, 12 min ago	6.11 bp	23.6 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 60 min ago	4.05 bp	19.5 bp −$20	105.8 bp −$1,058	353.4 bp −$35.3K	581.9 bp −$290.9K

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
Hyperliquid NXPC	−0.0058%	1h	0.2441	+0.403%	$383K	$395K	3x	as long as short
ApeX Omni NXPCUSDTlong	+0.0066%	1h	0.2431	long leg	$17K	$635K	50x
BingX NXPC-USDT	+0.0070%	4h	0.2443	+0.494%	—	$6.5M	—	as long as short
Binance NXPCUSDT	+0.0100%	4h	0.2444	+0.545%	$4.6M	$8.0M	50x	as long as short
Bybit NXPCUSDT	+0.0100%	4h	0.2445	+0.576%	$1.2M	$2.6M	25x	as long as short
Gate NXPC_USDT	+0.0100%	8h	0.2440	+0.370%	$74K	$273K	50x	as long as short
MEXC NXPC_USDTshort	+0.0100%	4h	0.2444	+0.535%	$493K	$250K	100x
KuCoin NXPCUSDTM	+0.0100%	4h	0.2442	+0.452%	$559K	$173K	50x	as long as short
Bitget NXPCUSDT	+0.0100%	4h	0.2444	+0.535%	$421K	$928K	50x	as long as short
Variational Omni NXPC	+0.0100%	4h	0.2438	+0.272%	$29K	$2K	—	as long as short