Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.23 per $10,000 · paid last 24h +0.121%
Price spread now: BingX against Bybit−0.059%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1601.598% of the position
Funding, last 7 days+0.452%+$45 on $10k
+Price spread, last 7 days+0.078%+$8 · spread now −0.059%, 7d avg +0.008%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.067% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.008%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.452%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NIULAIUSDT | 0.1012 | 0.0924 | pay 0.0462% / 4h | 1h 24m | $3.2M | $7.2M | 20x |
| Short | BingX NIULAI-USDT | 0.1012 | 0.0878 | get 0.0439% / 4h | 1h 24m | — | $880K | — |
Bybit NIULAIUSDT
BingX NIULAI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$9.64
- Price spread: −0.059% → +0.008%
- −$6.72
- Slippage, 4 orders
- −$138.79
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$176.15
- Costs to cover
- 1.598%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 49 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, 3 min ago | 0.99 bp | 65.3 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 49 min ago | 1.45 bp | 18.5 bp −$18 | 66.9 bp −$669 | 339.3 bp −$33.9K | 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_USDT | +0.0100% | 4h | 0.1011 | −0.138% | $1.7M | $734K | 20x | as long as short |
| KuCoin NIULAIUSDTM | +0.0100% | 4h | 0.1011 | −0.099% | $207K | $1.4M | 10x | as long as short |
| edgeX 牛来USDC | +0.0100% | 4h | 0.1010 | −0.254% | $38K | $300K | 5x | as long as short |
| SoDEX NIULAI-USD | +0.0100% | 1h | 0.1012 | −0.079% | $2K | $9K | 10x | as long as short |
| BingX NIULAI-USDTshort | +0.0878% | 4h | 0.1012 | −0.059% | — | $880K | — | |
| Bybit NIULAIUSDTlong | +0.0924% | 4h | 0.1012 | long leg | $3.2M | $7.2M | 20x |
MEXC NIULAI_USDT
KuCoin NIULAIUSDTM
edgeX 牛来USDC
SoDEX NIULAI-USD