Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against Bitget−0.200%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$195as in the Funding arb table
Net, price: spread back to 7d avg − costs−$202as in the Price arb table
costs, in and out, $10k−$1851.853% of the position
Funding, last 7 days−0.098%−$10 on $10k
+Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.200%, 7d avg −0.034%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.165% cheaper against Bitget than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.034%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget NXPCUSDT | 0.2503 | 0.0100 | pay 0.0050% / 4h | 2h 09m | $463K | $862K | 50x |
| Short | BingX NXPC-USDT | 0.2498 | 0.0070 | get 0.0035% / 4h | 2h 09m | — | $6.6M | — |
Bitget NXPCUSDT
BingX NXPC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.3
- Price spread: −0.200% → −0.034%
- −$16.53
- Slippage, 4 orders
- −$163.34
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$208.18
- Costs to cover
- 1.853%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 52 min ago; BingX: live order book, 12 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 Bitget live order book, 52 min ago | 7.92 bp | 44.7 bp −$45 | 250.8 bp −$2,508 | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 15.94 bp | 54.3 bp −$54 | 140.7 bp −$1,407 | 469.4 bp −$46.9K | 661.0 bp −$330.5K |
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 | −0.0076% | 1h | 0.2496 | −0.296% | $393K | $373K | 3x | as long as short |
| BingX NXPC-USDTshort | +0.0070% | 4h | 0.2498 | −0.200% | — | $6.6M | — | |
| Binance NXPCUSDT | +0.0100% | 4h | 0.2499 | −0.160% | $4.8M | $7.2M | 50x | as long as short |
| Bybit NXPCUSDT | +0.0100% | 4h | 0.2498 | −0.200% | $1.3M | $2.4M | 25x | as long as short |
| Gate NXPC_USDT | +0.0100% | 8h | 0.2507 | +0.160% | $97K | $187K | 50x | as long as short |
| MEXC NXPC_USDT | +0.0100% | 4h | 0.2499 | −0.160% | $552K | $220K | 100x | as long as short |
| KuCoin NXPCUSDTM | +0.0100% | 4h | 0.2498 | −0.200% | $575K | $160K | 50x | as long as short |
| Bitget NXPCUSDTlong | +0.0100% | 4h | 0.2503 | long leg | $463K | $862K | 50x | |
| Variational Omni NXPC | +0.0100% | 4h | 0.2513 | +0.382% | $30K | $2K | — | as long as short |
| ApeX Omni NXPCUSDT | +0.0100% | 1h | 0.2517 | +0.559% | $18K | $630K | 50x | as long as short |
Hyperliquid NXPC
Binance NXPCUSDT
Bybit NXPCUSDT
Gate NXPC_USDT
MEXC NXPC_USDT
KuCoin NXPCUSDTM
Variational Omni NXPC
ApeX Omni NXPCUSDT