NTAP

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKNTAP2USD-USDT	206.50	+0.9484	pay 0.9484% / 8h	2h 11m	$955K	$1.0M	—	Long BingX
SHORT	BitgetNTAPUSDT	207.48	+0.9780	get 0.9780% / 8h	2h 11m	$1.5M	$1.3M	20x	Short Bitget

Price gap+0.475%

Funding gap+0.0296% /8h

Both sides work: funding pays +$9 a day on $10k, and the gap is 0.550% above its 7d average: +$55 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$12+0.0296% /8h now · paid −0.119% over the last 7D

Price+$55spread +0.475% now, avg −0.075% → +0.550% if it goes back

Costs−$9249.238% of $10k · taker + slippage, in and out

Result−$881−8.81%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.119% in total, about −0.0057%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.475%

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

NTAP on 3 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Thin at this size78.4 / 406.0 bp
At $10k entering Bitget costs 406.0 bp, fee and slippage, 5.2× BingX’s.
Note: Margin at max leverage— + $500
BingX —, Bitget 20x. 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: +$8.88Long BingX: 3 payments, −$284.52; short Bitget: 3 payments, +$293.40.
OK: Entry gap works for you+0.475% vs −0.075%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$955K vs $1.5M OI
BingX sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBingX Yes · Bitget Yes
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0057%/8h × 21 periods−$11.94

Price spread+0.475% → −0.075% (7d avg)+$54.97

Slippage, 4 orderslive order books−$901.81

Fee BingX bp × 2 orders−$10.00

Fee Bitget bp × 2 orders−$12.00

Net · 7 days · $10k−$880.78

Costs to cover9.238%Break-evennever at this rate

Slippage: BingX: live order book, 13 min ago; Bitget: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX38.9878.4 bp−$78164.3 bp−$1,643649.3 bp−$64.9K1082.2 bp−$541.1K

SELL · SHORTBitget35.24406.0 bp−$406770.0 bp−$7,700doesn’t fitdoesn’t fit

Closing costs about the same again.