Settings8H · net · $10k
Funding arb · Price arb /

NIULAI

all NIULAI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0259%/8h= −28.4% APRnext payment $1.30 per $10,000 · paid last 24h −0.122%
Price spread now: KuCoin against edgeX−0.333%7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$234as in the Price arb table
costs, in and out, $10k−$1971.972% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.399%+$40 on $10k
Price spread, last 4 days (all we have)+1.369%+$137 · spread now −0.333%, 7d avg +0.031%
Together, before fees+1.769%+ Points / potential airdropedgeX: Active · farm board+$177 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and KuCoin is 0.364% cheaper against edgeX than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of +0.031%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.399%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX 牛来USDC0.10680.0359pay 0.0180% / 4h2h 37m$39K$303K5x
ShortKuCoin NIULAIUSDTM0.10640.0100get 0.0050% / 4h2h 37m$188K$1.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against edgeX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$54.41
Price spread: −0.333% → +0.031%
−$36.36
Slippage, 4 orders
−$176.25
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$288.01
Costs to cover
1.972%
Break-even
never at this rate
Slippage from edgeX: live order book, 30 min ago; KuCoin: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 30 min ago4.53 bp29.7 bp −$30doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago12.77 bp57.4 bp −$57doesn't fitdoesn't fitdoesn't fit

NIULAI on 6 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NIULAIUSDT+0.0100%4h0.1069+0.061%$2.8M$6.2M20xas long as short
KuCoin NIULAIUSDTMshort+0.0100%4h0.1064−0.333%$188K$1.6M10x
SoDEX NIULAI-USD+0.0100%1h0.1064−0.379%$219$7K10xas long as short
MEXC NIULAI_USDT+0.0358%4h0.1065−0.258%$1.9M$721K20xas long as short
edgeX 牛来USDClong+0.0359%4h0.1068long leg$39K$303K5x
BingX NIULAI-USDT+0.1294%4h0.1066−0.164%$875Kas long as short