Funding you earn now, next payment 04:00 UTC−0.1124%/8h= −123.1% APRnext payment −$5.62 per $10,000 · paid last 24h −0.416%
Price spread now: KuCoin against BingX+0.010%7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1231.235% of the position
Funding, last 7 days−0.483%−$48 on $10k
+Price spread, last 7 days+0.141%+$14 · spread now +0.010%, 7d avg +0.067%
=Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and KuCoin is 0.057% cheaper against BingX than usual: you would sell low and buy high (−$6 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 −$5.62 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 | 0.1052 | 0.1224 | pay 0.0612% / 4h | 1h 51m | — | $850K | — |
| Short | KuCoin NIULAIUSDTM | 0.1052 | 0.0100 | get 0.0050% / 4h | 1h 51m | $191K | $1.5M | 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
- −$236.04
- Price spread: +0.010% → +0.067%
- −$5.71
- Slippage, 4 orders
- −$101.46
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$365.21
- Costs to cover
- 1.235%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; KuCoin: live order book, 4 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, 7 min ago | 1.88 bp | 17.7 bp −$18 | 62.3 bp −$623 | 363.7 bp −$36.4K | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 13.69 bp | 48.8 bp −$49 | 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 | 0.1052 | +0.010% | $191K | $1.5M | 10x | |
| SoDEX NIULAI-USD | +0.0100% | 1h | 0.1056 | +0.409% | $218 | $6K | 10x | as long as short |
| MEXC NIULAI_USDT | +0.0270% | 4h | 0.1052 | +0.048% | $1.9M | $682K | 20x | as long as short |
| edgeX 牛来USDC | +0.0282% | 4h | 0.1056 | +0.427% | $39K | $303K | 5x | as long as short |
| Bybit NIULAIUSDT | +0.0632% | 4h | 0.1053 | +0.114% | $2.9M | $6.2M | 20x | as long as short |
| BingX NIULAI-USDTlong | +0.1224% | 4h | 0.1052 | long leg | — | $850K | — |
SoDEX NIULAI-USD
MEXC NIULAI_USDT
edgeX 牛来USDC
Bybit NIULAIUSDT