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: MEXC against Bybit0.000%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1241.240% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now 0.000%, 7d avg +0.024%

Together, before fees+0.007%+$1 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 0.024% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NXPCUSDT	0.2446	0.0100	pay 0.0050% / 4h	2h 36m	$1.2M	$2.6M	25x
Short	MEXC NXPC_USDT	0.2446	0.0100	get 0.0050% / 4h	2h 36m	$494K	$250K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.024%: −$2.37
Slippage, 4 orders: −$109.04
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$126.4
Costs to cover: 1.240%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; MEXC: live order book, 59 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	6.17 bp	48.6 bp −$49	174.5 bp −$1,745	doesn't fit	doesn't fit
Sell MEXC live order book, 59 min ago	4.05 bp	19.5 bp −$20	105.8 bp −$1,058	353.4 bp −$35.3K	581.9 bp −$290.9K

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	−0.0052%	1h	0.2442	−0.145%	$384K	$395K	3x	as long as short
ApeX Omni NXPCUSDT	+0.0066%	1h	0.2431	−0.613%	$17K	$635K	50x	as long as short
BingX NXPC-USDT	+0.0070%	4h	0.2443	−0.123%	—	$6.5M	—	as long as short
Binance NXPCUSDT	+0.0100%	4h	0.2444	−0.098%	$4.6M	$8.0M	50x	as long as short
Bybit NXPCUSDTlong	+0.0100%	4h	0.2446	long leg	$1.2M	$2.6M	25x
Gate NXPC_USDT	+0.0100%	8h	0.2440	−0.245%	$74K	$273K	50x	as long as short
MEXC NXPC_USDTshort	+0.0100%	4h	0.2446	0.000%	$494K	$250K	100x
KuCoin NXPCUSDTM	+0.0100%	4h	0.2442	−0.164%	$559K	$173K	50x	as long as short
Bitget NXPCUSDT	+0.0100%	4h	0.2445	−0.041%	$421K	$928K	50x	as long as short
Variational Omni NXPC	+0.0100%	4h	0.2438	−0.343%	$29K	$2K	—	as long as short