Funding arb · Price arb /

NXPC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against KuCoin−0.081%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$646as in the Funding arb table

Net, price: spread back to 7d avg − costs−$657as in the Price arb table

costs, in and out, $10k−$6476.473% of the position

Long on KuCoin Short on MEXC

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)+0.081%+$8 · spread now −0.081%, 7d avg +0.015%

Together, before fees+0.089%+$9 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 0.096% cheaper against KuCoin than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NXPCUSDTM	0.2480	0.0100	pay 0.0050% / 4h	2h 54m	$559K	$168K	50x
Short	MEXC NXPC_USDT	0.2478	0.0100	get 0.0050% / 4h	2h 54m	$491K	$259K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → +0.015%: −$9.56
Slippage, 4 orders: −$631.3
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$656.86
Costs to cover: 6.473%
Break-even: never at this rate

Slippage from KuCoin: live order book, 29 min ago; MEXC: live order book, 21 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, 29 min ago	14.05 bp	384.7 bp −$385	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 21 min ago	4.01 bp	16.7 bp −$17	113.1 bp −$1,131	363.9 bp −$36.4K	654.9 bp −$327.5K

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-USDT	+0.0070%	4h	0.2476	−0.161%	—	$6.6M	—	as long as short
Hyperliquid NXPC	+0.0100%	1h	0.2478	−0.073%	$395K	$401K	3x	as long as short
Binance NXPCUSDT	+0.0100%	4h	0.2479	−0.040%	$4.6M	$8.4M	50x	as long as short
Bybit NXPCUSDT	+0.0100%	4h	0.2476	−0.161%	$1.2M	$2.7M	25x	as long as short
Gate NXPC_USDT	+0.0100%	8h	0.2481	+0.040%	$76K	$298K	50x	as long as short
MEXC NXPC_USDTshort	+0.0100%	4h	0.2478	−0.081%	$491K	$259K	100x
KuCoin NXPCUSDTMlong	+0.0100%	4h	0.2480	long leg	$559K	$168K	50x
Bitget NXPCUSDT	+0.0100%	4h	0.2479	−0.040%	$464K	$942K	50x	as long as short
Variational Omni NXPC	+0.0100%	4h	0.2489	+0.343%	$29K	$2K	—	as long as short
ApeX Omni NXPCUSDT	+0.0100%	1h	0.2498	+0.726%	$18K	$639K	50x	as long as short