Funding you earn now, next payment 04:00 UTC+0.0235%/8h= +25.8% APRnext payment +$1.18 per $10,000 · paid last 24h −0.178%
Price spread now: MEXC against Bybit−0.140%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$205as in the Funding arb table
Net, price: spread back to 7d avg − costs−$175as in the Price arb table
costs, in and out, $10k−$1621.619% of the position
Funding, last 7 days−0.430%−$43 on $10k
+Price spread, last 7 days+0.124%+$12 · spread now −0.140%, 7d avg −0.013%
=Funding pays, the price is against you. MEXC is 0.127% cheaper against Bybit than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of −0.013%). If the spread goes back, that is −$13 on $10k: about 43 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.430%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NIULAIUSDT | 0.1070 | 0.0121 | pay 0.0060% / 4h | 2h 35m | $2.8M | $6.2M | 20x |
| Short | MEXC NIULAI_USDT | 0.1069 | 0.0356 | get 0.0178% / 4h | 2h 35m | $1.9M | $721K | 20x |
Bybit NIULAIUSDT
MEXC NIULAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $49.43
- Price spread: −0.140% → −0.013%
- −$12.69
- Slippage, 4 orders
- −$146.94
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$125.2
- Costs to cover
- 1.619%
- Break-even
- 24.7 days
Slippage from Bybit: live order book, 2 min ago; MEXC: 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 Bybit live order book, 2 min ago | 1.87 bp | 63.4 bp −$63 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.47 bp | 16.5 bp −$16 | 150.6 bp −$1,506 | 676.8 bp −$67.7K | 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 NIULAIUSDTM | +0.0100% | 4h | 0.1067 | −0.271% | $188K | $1.6M | 10x | as long as short |
| SoDEX NIULAI-USD | +0.0100% | 1h | 0.1069 | −0.112% | $220 | $7K | 10x | as long as short |
| Bybit NIULAIUSDTlong | +0.0121% | 4h | 0.1070 | long leg | $2.8M | $6.2M | 20x | |
| MEXC NIULAI_USDTshort | +0.0356% | 4h | 0.1069 | −0.140% | $1.9M | $721K | 20x | |
| edgeX 牛来USDC | +0.0359% | 4h | 0.1068 | −0.229% | $39K | $303K | 5x | as long as short |
| BingX NIULAI-USDT | +0.1294% | 4h | 0.1069 | −0.093% | — | $876K | — | as long as short |
KuCoin NIULAIUSDTM
SoDEX NIULAI-USD
edgeX 牛来USDC
BingX NIULAI-USDT