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: Bitget against Hyperliquid+0.263%7-day average +0.124% · you sell dearer than you buy
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$170as 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)−0.122%−$12 · spread now +0.263%, 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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bitget is 0.139% dearer against Hyperliquid than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.124%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid NXPC0.2511−0.0047get 0.0006% / 1h12m 10s$396K$373K3x
ShortBitget NXPCUSDT0.25180.0100get 0.0050% / 4h2h 12m$466K$861K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. 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: +0.263% → +0.124%
$13.86
Slippage, 4 orders
−$162.65
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$138.94
Costs to cover
1.836%
Break-even
38.5 days
Slippage from Hyperliquid: live order book, 28 min ago; Bitget: live order book, 49 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 Hyperliquid live order book, 28 min ago6.78 bp57.6 bp −$58doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 49 min ago7.92 bp41.4 bp −$41251.3 bp −$2,513doesn'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 NXPClong−0.0047%1h0.2511long leg$396K$373K3x
BingX NXPC-USDT+0.0070%4h0.2513+0.064%$6.5Mas long as short
Binance NXPCUSDT+0.0100%4h0.2515+0.143%$4.8M$7.2M50xas long as short
Bybit NXPCUSDT+0.0100%4h0.2513+0.064%$1.3M$2.4M25xas long as short
Gate NXPC_USDT+0.0100%8h0.2510−0.056%$97K$187K50xas long as short
MEXC NXPC_USDT+0.0100%4h0.2513+0.064%$558K$219K100xas long as short
KuCoin NXPCUSDTM+0.0100%4h0.2513+0.064%$578K$160K50xas long as short
Bitget NXPCUSDTshort+0.0100%4h0.2518+0.263%$466K$861K50x
Variational Omni NXPC+0.0100%4h0.2510−0.054%$30K$2Kas long as short
ApeX Omni NXPCUSDT+0.0100%1h0.2522+0.422%$18K$630K50xas long as short