Funding you earn now, next payment 08:00 UTC−0.0543%/8h= −59.5% APRnext payment −$2.72 per $10,000 · paid last 24h −0.240%
Price spread now: KuCoin against Bybit−0.341%7-day average +0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$230as in the Funding arb table
Net, price: spread back to 7d avg − costs−$264as in the Price arb table
costs, in and out, $10k−$2222.221% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 7 days+0.396%+$40 · spread now −0.341%, 7d avg +0.073%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and KuCoin is 0.414% cheaper against Bybit than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of +0.073%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.078% in total (about -4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.72 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 | Bybit NIULAIUSDT | 0.1055 | 0.0643 | pay 0.0322% / 4h | 3h 05m | $3.3M | $7.1M | 20x |
| Short | KuCoin NIULAIUSDTM | 0.1052 | 0.0100 | get 0.0050% / 4h | 3h 05m | $190K | $1.5M | 10x |
Bybit NIULAIUSDT
KuCoin NIULAIUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bybit. 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
- −$114.12
- Price spread: −0.341% → +0.073%
- −$41.43
- Slippage, 4 orders
- −$199.11
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$377.66
- Costs to cover
- 2.221%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 5 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 Bybit live order book, 3 min ago | 1.90 bp | 58.3 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 13.43 bp | 47.6 bp −$48 | 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC NIULAI_USDT | +0.0100% | 4h | 0.1052 | −0.275% | $1.8M | $746K | 20x | as long as short |
| KuCoin NIULAIUSDTMshort | +0.0100% | 4h | 0.1052 | −0.341% | $190K | $1.5M | 10x | |
| edgeX 牛来USDC | +0.0100% | 4h | 0.1044 | −1.040% | $39K | $301K | 5x | as long as short |
| SoDEX NIULAI-USD | +0.0100% | 1h | 0.1052 | −0.284% | $2K | $9K | 10x | as long as short |
| Bybit NIULAIUSDTlong | +0.0643% | 4h | 0.1055 | long leg | $3.3M | $7.1M | 20x | |
| BingX NIULAI-USDT | +0.0762% | 4h | 0.1053 | −0.246% | — | $887K | — | as long as short |
MEXC NIULAI_USDT
edgeX 牛来USDC
SoDEX NIULAI-USD
BingX NIULAI-USDT