Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

NIO

RWAAll NIO markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BitgetNIOUSDT
3.447000.0000% / 8h54m 51s$970K$56K20xLong Bitget
SHORT
BingXNCSKNIO2USD-USDT
3.4420+0.0050get 0.0050% / 8h54m 51s$960K$1.3M—Short BingX
Price gap−0.145%
Funding gap+0.0050% /8h

Funding pays +$2 a day on $10k, but the gap is 0.199% under its 7d average: −$20 if it goes back, about 13 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$9+0.0050% /8h now · paid +0.092% over the last 7D
Price−$20spread −0.145% now, avg +0.054% → −0.199% if it goes back
Costs−$2512.514% of $10k · taker + slippage, in and out
Result−$262−2.62%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.145%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

NIO on 4 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size51.0 / 74.7 bp
    At $10k entering BingX costs 74.7 bp, fee and slippage, 1.5× Bitget’s.
  • Note: Margin at max leverage$500 + —
    Bitget 20x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$1.50Long Bitget: 3 payments, $0.00; short BingX: 3 payments, +$1.50.
  • Watch: Gap narrower than usual−0.145% vs +0.054%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$960K vs $970K OI
    BingX sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBitget Yes · BingX Yes
    KYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0044%/8h × 21 periods+$9.21
Price spread−0.145% → +0.054% (7d avg)−$19.94
Slippage, 4 orderslive order books−$229.41
Fee Bitget bp × 2 orders−$12.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$262.14
Costs to cover2.514%Break-even206.2 days
Slippage: Bitget: live order book, 15 min ago; BingX: live order book, 10 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBitget42.2351.0 bp−$5168.0 bp−$680doesn’t fitdoesn’t fit
SELL · SHORTBingX64.0774.7 bp−$75111.9 bp−$1,119351.2 bp−$35.1K929.1 bp−$464.6K

Closing costs about the same again.

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