Funding arb · Price arb /

NXPC

all NXPC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.009%

Price spread now: BingX against Gate+0.040%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$504as in the Funding arb table

Net, price: spread back to 7d avg − costs−$493as in the Price arb table

costs, in and out, $10k−$4974.965% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 4 days (all we have)−0.085%−$9 · spread now +0.040%, 7d avg +0.002%

Together, before fees−0.156%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.038% dearer against Gate than usual: you sell high and buy low (spread +0.040% now, against its 7-day average of +0.002%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NXPC_USDT	0.2475	0.0100	pay 0.0100% / 8h	5h 22m	$96K	$237K	50x
Short	BingX NXPC-USDT	0.2476	0.0070	get 0.0035% / 4h	1h 22m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$6.3
Price spread: +0.040% → +0.002%: $3.8
Slippage, 4 orders: −$471.52
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$499.03
Costs to cover: 4.965%
Break-even: never at this rate

Slippage from Gate: live order book, 20 min ago; BingX: live order book, 4 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 Gate live order book, 20 min ago	6.07 bp	382.0 bp −$382	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	16.16 bp	48.7 bp −$49	111.3 bp −$1,113	438.9 bp −$43.9K	648.7 bp −$324.3K

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
BingX NXPC-USDTshort	+0.0070%	4h	0.2476	+0.040%	—	$6.5M	—
Hyperliquid NXPC	+0.0100%	1h	0.2473	−0.065%	$388K	$381K	3x	as long as short
Binance NXPCUSDT	+0.0100%	4h	0.2474	−0.040%	$4.7M	$7.4M	50x	as long as short
Bybit NXPCUSDT	+0.0100%	4h	0.2472	−0.121%	$1.2M	$2.5M	25x	as long as short
Gate NXPC_USDTlong	+0.0100%	8h	0.2475	long leg	$96K	$237K	50x
MEXC NXPC_USDT	+0.0100%	4h	0.2476	+0.040%	$523K	$221K	100x	as long as short
KuCoin NXPCUSDTM	+0.0100%	4h	0.2473	−0.081%	$567K	$158K	50x	as long as short
Bitget NXPCUSDT	+0.0100%	4h	0.2479	+0.162%	$463K	$860K	50x	as long as short
Variational Omni NXPC	+0.0100%	4h	0.2473	−0.061%	$29K	$2K	—	as long as short
ApeX Omni NXPCUSDT	+0.0100%	1h	0.2476	+0.040%	$18K	$634K	50x	as long as short