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 KuCoin+0.164%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$497as in the Funding arb table

Net, price: spread back to 7d avg − costs−$484as in the Price arb table

costs, in and out, $10k−$4944.944% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.164%, 7d avg +0.064%

Together, before fees−0.101%−$10 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 0.100% dearer against KuCoin than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NXPCUSDTM	0.2439	0.0100	pay 0.0050% / 4h	2h 37m	$558K	$173K	50x
Short	Bitget NXPCUSDT	0.2443	0.0100	get 0.0050% / 4h	2h 37m	$421K	$928K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now +0.164%Rate

Funding earned: $0
Price spread: +0.164% → +0.064%: $9.97
Slippage, 4 orders: −$470.36
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$484.39
Costs to cover: 4.944%
Break-even: never at this rate

Slippage from KuCoin: live order book, 21 min ago; Bitget: 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 KuCoin live order book, 21 min ago	8.17 bp	230.4 bp −$230	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	10.25 bp	38.4 bp −$38	197.0 bp −$1,970	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	−0.0058%	1h	0.2440	+0.023%	$383K	$395K	3x	as long as short
ApeX Omni NXPCUSDT	+0.0066%	1h	0.2431	−0.328%	$17K	$635K	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	0.2442	+0.123%	$4.6M	$8.0M	50x	as long as short
Bybit NXPCUSDT	+0.0100%	4h	0.2443	+0.164%	$1.2M	$2.6M	25x	as long as short
Gate NXPC_USDT	+0.0100%	8h	0.2438	−0.041%	$74K	$273K	50x	as long as short
MEXC NXPC_USDT	+0.0100%	4h	0.2442	+0.123%	$493K	$250K	100x	as long as short
KuCoin NXPCUSDTMlong	+0.0100%	4h	0.2439	long leg	$558K	$173K	50x
Bitget NXPCUSDTshort	+0.0100%	4h	0.2443	+0.164%	$421K	$928K	50x
Variational Omni NXPC	+0.0100%	4h	0.2438	−0.056%	$29K	$2K	—	as long as short