Funding you earn now, next payment 04:00 UTC−0.1194%/8h= −130.7% APRnext payment −$5.97 per $10,000 · paid last 24h −0.416%
Price spread now: KuCoin against BingX−0.140%7-day average +0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1341.335% of the position
Funding, last 7 days−0.483%−$48 on $10k
+Price spread, last 7 days+0.290%+$29 · spread now −0.140%, 7d avg +0.067%
=Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and KuCoin is 0.207% cheaper against BingX than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.067%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.483% in total (about -25.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.97 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX NIULAI-USDT | 0.1072 | 0.1294 | pay 0.0647% / 4h | 2h 35m | — | $876K | — |
| Short | KuCoin NIULAIUSDTM | 0.1070 | 0.0100 | get 0.0050% / 4h | 2h 35m | $189K | $1.6M | 10x |
BingX NIULAI-USDT
KuCoin NIULAIUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$250.74
- Price spread: −0.140% → +0.067%
- −$20.66
- Slippage, 4 orders
- −$111.55
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$404.95
- Costs to cover
- 1.335%
- Break-even
- never at this rate
Slippage from BingX: live order book, 39 min ago; KuCoin: live order book, 6 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 BingX live order book, 39 min ago | 0.91 bp | 15.2 bp −$15 | 55.3 bp −$553 | 213.5 bp −$21.4K | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 12.77 bp | 57.4 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
NIULAI on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NIULAIUSDTMshort | +0.0100% | 4h | 0.1070 | −0.140% | $189K | $1.6M | 10x | |
| SoDEX NIULAI-USD | +0.0100% | 1h | 0.1071 | −0.075% | $221 | $7K | 10x | as long as short |
| Bybit NIULAIUSDT | +0.0129% | 4h | 0.1072 | +0.019% | $2.9M | $6.2M | 20x | as long as short |
| MEXC NIULAI_USDT | +0.0354% | 4h | 0.1071 | −0.028% | $1.9M | $721K | 20x | as long as short |
| edgeX 牛来USDC | +0.0359% | 4h | 0.1068 | −0.368% | $39K | $303K | 5x | as long as short |
| BingX NIULAI-USDTlong | +0.1294% | 4h | 0.1072 | long leg | — | $876K | — |
SoDEX NIULAI-USD
Bybit NIULAIUSDT
MEXC NIULAI_USDT
edgeX 牛来USDC