Funding arb · Price arb /

NXPC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance−0.001%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1381.377% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 7 days−0.172%−$17 · spread now −0.001%, 7d avg −0.071%

Together, before fees−0.213%−$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.070% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NXPCUSDT	0.2303	0.0100	pay 0.0050% / 4h	1h 50m	$4.4M	$1.4M	50x
Short	Bybit NXPCUSDT	0.2303	0.0100	get 0.0050% / 4h	1h 50m	$1.1M	$500K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.001%Rate

Funding earned: $0
Price spread: −0.001% → −0.071%: $7.02
Slippage, 4 orders: −$116.65
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$130.63
Costs to cover: 1.377%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Bybit: live order book, just now.

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 Binance live order book, 2 min ago	2.17 bp	31.8 bp −$32	177.3 bp −$1,773	doesn't fit	doesn't fit
Sell Bybit live order book, just now	4.34 bp	34.7 bp −$35	164.3 bp −$1,643	doesn't fit	doesn't fit

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-USDT	+0.0070%	4h	0.2304	+0.043%	—	$6.5M	—	as long as short
Hyperliquid NXPC	+0.0100%	1h	0.2304	+0.043%	$303K	$102K	3x	as long as short
Binance NXPCUSDTlong	+0.0100%	4h	0.2303	long leg	$4.4M	$1.4M	50x
Bybit NXPCUSDTshort	+0.0100%	4h	0.2303	−0.001%	$1.1M	$500K	25x
Gate NXPC_USDT	+0.0100%	8h	0.2303	−0.001%	$55K	$18K	50x	as long as short
MEXC NXPC_USDT	+0.0100%	4h	0.2304	+0.043%	$420K	$93K	100x	as long as short
KuCoin NXPCUSDTM	+0.0100%	4h	0.2303	−0.001%	$528K	$51K	50x	as long as short
Bitget NXPCUSDT	+0.0100%	4h	0.2303	−0.001%	$366K	$293K	50x	as long as short
Variational Omni NXPC	+0.0100%	4h	0.2303	+0.013%	$29K	$582	—	as long as short
ApeX Omni NXPCUSDT	+0.0100%	1h	0.2305	+0.086%	$12K	$608K	50x	as long as short