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: ApeX Omni against BingX+0.162%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

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

Long on BingX Short on ApeX Omni

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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and ApeX Omni is 0.150% dearer against BingX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NXPC-USDT	0.2468	0.0070	pay 0.0035% / 4h	26m 55s	—	$6.5M	—
Short	ApeX Omni NXPCUSDT	0.2472	0.0100	get 0.0013% / 1h	26m 55s	$18K	$632K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now +0.162%Rate

Funding earned: $6.3
Price spread: +0.162% → +0.012%: $15.02
Slippage, 4 orders: −$139.16
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$137.83
Costs to cover: 1.592%
Break-even: 160.1 days

Slippage from BingX: live order book, 9 min ago; ApeX Omni: live order book, 31 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 BingX live order book, 9 min ago	16.25 bp	50.9 bp −$51	141.5 bp −$1,415	531.6 bp −$53.2K	726.2 bp −$363.1K
Sell ApeX Omni live order book, 31 min ago	12.22 bp	29.8 bp −$30	doesn't fit	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-USDTlong	+0.0070%	4h	0.2468	long leg	—	$6.5M	—
Hyperliquid NXPC	+0.0100%	1h	0.2465	−0.101%	$387K	$383K	3x	as long as short
Binance NXPCUSDT	+0.0100%	4h	0.2468	0.000%	$4.7M	$7.6M	50x	as long as short
Bybit NXPCUSDT	+0.0100%	4h	0.2467	−0.041%	$1.2M	$2.5M	25x	as long as short
Gate NXPC_USDT	+0.0100%	8h	0.2469	+0.041%	$95K	$253K	50x	as long as short
MEXC NXPC_USDT	+0.0100%	4h	0.2468	0.000%	$517K	$232K	100x	as long as short
KuCoin NXPCUSDTM	+0.0100%	4h	0.2466	−0.081%	$560K	$161K	50x	as long as short
Bitget NXPCUSDT	+0.0100%	4h	0.2467	−0.041%	$430K	$934K	50x	as long as short
Variational Omni NXPC	+0.0100%	4h	0.2467	−0.038%	$29K	$2K	—	as long as short
ApeX Omni NXPCUSDTshort	+0.0100%	1h	0.2472	+0.162%	$18K	$632K	50x