Funding you earn now, next payment 12:00 UTC−0.0681%/8h= −74.5% APRnext payment −$3.40 per $10,000 · paid last 24h −0.239%
Price spread now: KuCoin against Bybit−0.382%7-day average +0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$242as in the Funding arb table
Net, price: spread back to 7d avg − costs−$274as in the Price arb table
costs, in and out, $10k−$2292.289% of the position
Funding, last 7 days−0.130%−$13 on $10k
+Price spread, last 7 days+0.511%+$51 · spread now −0.382%, 7d avg +0.066%
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and KuCoin is 0.447% cheaper against Bybit than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of +0.066%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.130% in total (about -6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.40 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 | Bybit NIULAIUSDT | 0.1074 | 0.0781 | pay 0.0390% / 4h | 2h 10m | $3.4M | $6.4M | 20x |
| Short | KuCoin NIULAIUSDTM | 0.1070 | 0.0100 | get 0.0050% / 4h | 2h 10m | $213K | $1.3M | 10x |
Bybit NIULAIUSDT
KuCoin NIULAIUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$142.94
- Price spread: −0.382% → +0.066%
- −$44.75
- Slippage, 4 orders
- −$205.88
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$416.56
- Costs to cover
- 2.289%
- Break-even
- never at this rate
Slippage from Bybit: live order book, just now; KuCoin: live order book, 3 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, just now | 3.27 bp | 66.7 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 19.09 bp | 50.4 bp −$50 | doesn't fit | doesn't fit | 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 NIULAIUSDTMshort | +0.0100% | 4h | 0.1070 | −0.382% | $213K | $1.3M | 10x | |
| SoDEX NIULAI-USD | +0.0100% | 1h | 0.1071 | −0.196% | $415 | $10K | 10x | as long as short |
| MEXC NIULAI_USDT | +0.0296% | 4h | 0.1071 | −0.242% | $1.9M | $710K | 20x | as long as short |
| edgeX 牛来USDC | +0.0298% | 4h | 0.1071 | −0.196% | $40K | $299K | 5x | as long as short |
| Bybit NIULAIUSDTlong | +0.0781% | 4h | 0.1074 | long leg | $3.4M | $6.4M | 20x | |
| BingX NIULAI-USDT | +0.0906% | 4h | 0.1074 | +0.065% | — | $860K | — | as long as short |
SoDEX NIULAI-USD
MEXC NIULAI_USDT
edgeX 牛来USDC
BingX NIULAI-USDT