Funding arb · Price arb /

NXPC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bitget−0.200%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1181.179% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 4 days (all we have)+0.125%+$13 · spread now −0.200%, 7d avg −0.042%

Together, before fees+0.161%+$16 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: MEXC is 0.158% cheaper against Bitget than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NXPCUSDT	0.2499	0.0100	pay 0.0050% / 4h	2h 06m	$464K	$859K	50x
Short	MEXC NXPC_USDT	0.2494	0.0100	get 0.0050% / 4h	2h 06m	$546K	$220K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee BitgetbpFee MEXCbpOrdersPrice spread, now −0.200%Rate

Funding earned: $0
Price spread: −0.200% → −0.042%: −$15.77
Slippage, 4 orders: −$101.89
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$133.66
Costs to cover: 1.179%
Break-even: never at this rate

Slippage from Bitget: live order book, 55 min ago; MEXC: live order book, 45 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, 55 min ago	7.92 bp	44.7 bp −$45	250.8 bp −$2,508	doesn't fit	doesn't fit
Sell MEXC live order book, 45 min ago	5.93 bp	18.0 bp −$18	121.8 bp −$1,218	364.3 bp −$36.4K	663.4 bp −$331.7K

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	−0.0100%	1h	0.2489	−0.384%	$392K	$373K	3x	as long as short
BingX NXPC-USDT	+0.0070%	4h	0.2492	−0.280%	—	$6.5M	—	as long as short
Binance NXPCUSDT	+0.0100%	4h	0.2493	−0.246%	$4.8M	$7.2M	50x	as long as short
Bybit NXPCUSDT	+0.0100%	4h	0.2488	−0.440%	$1.3M	$2.4M	25x	as long as short
Gate NXPC_USDT	+0.0100%	8h	0.2495	−0.160%	$102K	$190K	50x	as long as short
MEXC NXPC_USDTshort	+0.0100%	4h	0.2494	−0.200%	$546K	$220K	100x
KuCoin NXPCUSDTM	+0.0100%	4h	0.2496	−0.120%	$572K	$160K	50x	as long as short
Bitget NXPCUSDTlong	+0.0100%	4h	0.2499	long leg	$464K	$859K	50x
Variational Omni NXPC	+0.0100%	4h	0.2489	−0.418%	$29K	$2K	—	as long as short
ApeX Omni NXPCUSDT	+0.0100%	1h	0.2502	+0.120%	$18K	$630K	50x	as long as short