Funding you earn now, next payment 08:00 UTC−0.0634%/8h= −69.4% APRnext payment −$3.17 per $10,000 · paid last 24h −0.242%
Price spread now: MEXC against BingX−0.086%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$560.563% of the position
Funding, last 7 days−0.929%−$93 on $10k
+Price spread, last 7 days−0.070%−$7 · spread now −0.086%, 7d avg −0.027%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and MEXC is 0.059% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.027%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX NIULAI-USDT | 0.1048 | 0.0734 | pay 0.0367% / 4h | 2h 47m | — | $884K | — |
| Short | MEXC NIULAI_USDT | 0.1047 | 0.0100 | get 0.0050% / 4h | 2h 47m | $1.8M | $725K | 20x |
BingX NIULAI-USDT
MEXC NIULAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$133.14
- Price spread: −0.086% → −0.027%
- −$5.93
- Slippage, 4 orders
- −$42.33
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$195.4
- Costs to cover
- 0.563%
- Break-even
- never at this rate
Slippage from BingX: live order book, 42 min ago; MEXC: 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, 42 min ago | 1.43 bp | 18.8 bp −$19 | 64.3 bp −$643 | 366.9 bp −$36.7K | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.43 bp | 9.1 bp −$9 | 103.3 bp −$1,033 | 896.7 bp −$89.7K | 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC NIULAI_USDTshort | +0.0100% | 4h | 0.1047 | −0.086% | $1.8M | $725K | 20x | |
| KuCoin NIULAIUSDTM | +0.0100% | 4h | 0.1047 | −0.115% | $188K | $1.5M | 10x | as long as short |
| edgeX 牛来USDC | +0.0100% | 4h | 0.1048 | +0.055% | $39K | $302K | 5x | as long as short |
| SoDEX NIULAI-USD | +0.0100% | 1h | 0.1050 | +0.229% | $2K | $9K | 10x | as long as short |
| Bybit NIULAIUSDT | +0.0548% | 4h | 0.1048 | +0.048% | $3.2M | $7.1M | 20x | as long as short |
| BingX NIULAI-USDTlong | +0.0734% | 4h | 0.1048 | long leg | — | $884K | — |
KuCoin NIULAIUSDTM
edgeX 牛来USDC
SoDEX NIULAI-USD
Bybit NIULAIUSDT