Funding arb · Price arb /

NXPC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against MEXC−0.080%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1611.615% of the position

Long on MEXC Short on Bybit

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)+0.108%+$11 · spread now −0.080%, 7d avg −0.025%

Together, before fees+0.066%+$7 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: Bybit is 0.056% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NXPC_USDT	0.2486	0.0100	pay 0.0050% / 4h	3h 40m	$577K	$185K	100x
Short	Bybit NXPCUSDT	0.2484	0.0100	get 0.0050% / 4h	3h 40m	$1.5M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now −0.080%Rate

Funding earned: $0
Price spread: −0.080% → −0.025%: −$5.59
Slippage, 4 orders: −$146.45
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$167.04
Costs to cover: 1.615%
Break-even: never at this rate

Slippage from MEXC: live order book, 16 min ago; Bybit: live order book, 1 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 MEXC live order book, 16 min ago	5.88 bp	16.4 bp −$16	171.6 bp −$1,716	402.2 bp −$40.2K	609.6 bp −$304.8K
Sell Bybit live order book, 1 min ago	4.03 bp	56.2 bp −$56	175.6 bp −$1,756	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
ApeX Omni NXPCUSDT	−0.0884%	1h	0.2513	+1.086%	$16K	$627K	50x	as long as short
BingX NXPC-USDT	+0.0070%	4h	0.2484	−0.080%	—	$6.5M	—	as long as short
Hyperliquid NXPC	+0.0100%	1h	0.2480	−0.261%	$369K	$311K	3x	as long as short
Binance NXPCUSDT	+0.0100%	4h	0.2485	−0.060%	$4.7M	$5.6M	50x	as long as short
Bybit NXPCUSDTshort	+0.0100%	4h	0.2484	−0.080%	$1.5M	$1.8M	25x
Gate NXPC_USDT	+0.0100%	8h	0.2477	−0.362%	$118K	$157K	50x	as long as short
MEXC NXPC_USDTlong	+0.0100%	4h	0.2486	long leg	$577K	$185K	100x
KuCoin NXPCUSDTM	+0.0100%	4h	0.2486	0.000%	$589K	$139K	50x	as long as short
Bitget NXPCUSDT	+0.0100%	4h	0.2482	−0.161%	$441K	$694K	50x	as long as short
Variational Omni NXPC	+0.0100%	4h	0.2468	−0.719%	$29K	$2K	—	as long as short