Funding you earn now, next payment 12:00 UTC+0.0832%/8h= +91.1% APRnext payment +$4.16 per $10,000 · paid last 24h +0.353%
Price spread now: BingX against KuCoin+0.281%7-day average −0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1321.323% of the position
Funding, last 7 days+0.576%+$58 on $10k
+Price spread, last 7 days−0.425%−$42 · spread now +0.281%, 7d avg −0.059%
=Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and BingX is 0.340% dearer against KuCoin than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of −0.059%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.576% in total (about 30.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.16 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin NIULAIUSDTM | 0.1067 | 0.0100 | pay 0.0050% / 4h | 2h 05m | $209K | $1.3M | 10x |
| Short | BingX NIULAI-USDT | 0.1070 | 0.0932 | get 0.0466% / 4h | 2h 05m | — | $859K | — |
KuCoin NIULAIUSDTM
BingX NIULAI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against KuCoin. 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
- $174.72
- Price spread: +0.281% → −0.059%
- $34.01
- Slippage, 4 orders
- −$110.31
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $76.42
- Costs to cover
- 1.323%
- Break-even
- 3.9 days
Slippage from KuCoin: live order book, 3 min ago; BingX: live order book, 17 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 KuCoin live order book, 3 min ago | 13.08 bp | 58.7 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 17 min ago | 2.79 bp | 17.0 bp −$17 | 62.7 bp −$627 | 404.8 bp −$40.5K | doesn't fit |
NIULAI on 6 exchanges
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 NIULAIUSDTMlong | +0.0100% | 4h | 0.1067 | long leg | $209K | $1.3M | 10x | |
| SoDEX NIULAI-USD | +0.0100% | 1h | 0.1069 | +0.141% | $414 | $10K | 10x | as long as short |
| MEXC NIULAI_USDT | +0.0284% | 4h | 0.1069 | +0.150% | $1.9M | $712K | 20x | as long as short |
| edgeX 牛来USDC | +0.0292% | 4h | 0.1072 | +0.487% | $40K | $297K | 5x | as long as short |
| Bybit NIULAIUSDT | +0.0751% | 4h | 0.1070 | +0.291% | $3.4M | $6.3M | 20x | as long as short |
| BingX NIULAI-USDTshort | +0.0932% | 4h | 0.1070 | +0.281% | — | $859K | — |
SoDEX NIULAI-USD
MEXC NIULAI_USDT
edgeX 牛来USDC
Bybit NIULAIUSDT