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

NXPC

all NXPC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0147%/8h= −16.1% APRpaid last 24h −0.009%
Price spread now: Hyperliquid against Bitget−0.262%7-day average −0.124% · you buy dearer than you sell
Net, funding: paid 7d − costs−$183as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$1841.836% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.008%+$1 on $10k
Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.262%, 7d avg −0.124%
Together, before fees+0.129%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Hyperliquid is 0.138% cheaper against Bitget than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.124%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget NXPCUSDT0.25180.0100pay 0.0050% / 4h2h 12m$466K$861K50x
ShortHyperliquid NXPC0.2511−0.0047pay 0.0006% / 1h12m 11s$396K$373K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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
−$30.85
Price spread: −0.262% → −0.124%
−$13.79
Slippage, 4 orders
−$162.65
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$228.28
Costs to cover
1.836%
Break-even
never at this rate
Slippage from Bitget: live order book, 49 min ago; Hyperliquid: live order book, 28 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 Bitget live order book, 49 min ago7.92 bp44.7 bp −$45250.8 bp −$2,508doesn't fitdoesn't fit
Sell Hyperliquid live order book, 28 min ago6.78 bp39.9 bp −$40doesn'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−0.0047%1h0.2511−0.262%$396K$373K3x
BingX NXPC-USDT+0.0070%4h0.2513−0.199%$6.5Mas long as short
Binance NXPCUSDT+0.0100%4h0.2515−0.119%$4.8M$7.2M50xas long as short
Bybit NXPCUSDT+0.0100%4h0.2513−0.199%$1.3M$2.4M25xas long as short
Gate NXPC_USDT+0.0100%8h0.2510−0.318%$97K$187K50xas long as short
MEXC NXPC_USDT+0.0100%4h0.2513−0.199%$558K$219K100xas long as short
KuCoin NXPCUSDTM+0.0100%4h0.2513−0.199%$578K$160K50xas long as short
Bitget NXPCUSDTlong+0.0100%4h0.2518long leg$466K$861K50x
Variational Omni NXPC+0.0100%4h0.2510−0.316%$30K$2Kas long as short
ApeX Omni NXPCUSDT+0.0100%1h0.2522+0.159%$18K$630K50xas long as short