Funding arb · Price arb /

NXPC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit+0.041%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1561.560% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.041%, 7d avg +0.070%

Together, before fees−0.002%$0 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: Bitget is 0.029% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NXPCUSDT	0.2443	0.0100	pay 0.0050% / 4h	2h 42m	$1.2M	$2.6M	25x
Short	Bitget NXPCUSDT	0.2444	0.0100	get 0.0050% / 4h	2h 42m	$422K	$928K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.070%: −$2.93
Slippage, 4 orders: −$132.99
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$158.92
Costs to cover: 1.560%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 63 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 Bybit live order book, 5 min ago	2.05 bp	51.2 bp −$51	180.1 bp −$1,801	doesn't fit	doesn't fit
Sell Bitget live order book, 63 min ago	8.06 bp	42.9 bp −$43	174.0 bp −$1,740	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
Hyperliquid NXPC	−0.0191%	1h	0.2443	−0.008%	$383K	$394K	3x	as long as short
ApeX Omni NXPCUSDT	−0.0110%	1h	0.2449	+0.246%	$17K	$634K	50x	as long as short
BingX NXPC-USDT	+0.0070%	4h	0.2441	−0.082%	—	$6.5M	—	as long as short
Binance NXPCUSDT	+0.0100%	4h	0.2444	+0.041%	$4.6M	$7.9M	50x	as long as short
Bybit NXPCUSDTlong	+0.0100%	4h	0.2443	long leg	$1.2M	$2.6M	25x
Gate NXPC_USDT	+0.0100%	8h	0.2443	0.000%	$74K	$272K	50x	as long as short
MEXC NXPC_USDT	+0.0100%	4h	0.2443	0.000%	$488K	$248K	100x	as long as short
KuCoin NXPCUSDTM	+0.0100%	4h	0.2446	+0.123%	$563K	$169K	50x	as long as short
Bitget NXPCUSDTshort	+0.0100%	4h	0.2444	+0.041%	$422K	$928K	50x
Variational Omni NXPC	+0.0100%	4h	0.2443	+0.003%	$29K	$2K	—	as long as short