Funding you earn now, next payment 04:00 UTC−0.0546%/8h= −59.8% APRnext payment −$2.73 per $10,000 · paid last 24h −0.175%
Price spread now: MEXC against Bybit−0.175%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$770.770% of the position
Funding, last 7 days−0.427%−$43 on $10k
+Price spread, last 7 days+0.173%+$17 · spread now −0.175%, 7d avg −0.014%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and MEXC is 0.161% cheaper against Bybit than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NIULAIUSDT | 0.1031 | 0.0694 | pay 0.0347% / 4h | 37m 21s | $3.2M | $7.0M | 20x |
| Short | MEXC NIULAI_USDT | 0.1029 | 0.0148 | get 0.0074% / 4h | 37m 21s | $1.8M | $724K | 20x |
Bybit NIULAIUSDT
MEXC NIULAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$114.71
- Price spread: −0.175% → −0.014%
- −$16.11
- Slippage, 4 orders
- −$62
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$207.82
- Costs to cover
- 0.770%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 6 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 Bybit live order book, 6 min ago | 0.97 bp | 55.1 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.49 bp | 6.4 bp −$6 | 79.4 bp −$794 | 858.4 bp −$85.8K | 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 NIULAIUSDTM | +0.0100% | 4h | 0.1028 | −0.310% | $191K | $1.5M | 10x | as long as short |
| SoDEX NIULAI-USD | +0.0100% | 1h | 0.1030 | −0.126% | $5K | $8K | 10x | as long as short |
| edgeX 牛来USDC | +0.0141% | 4h | 0.1032 | +0.144% | $38K | $302K | 5x | as long as short |
| MEXC NIULAI_USDTshort | +0.0148% | 4h | 0.1029 | −0.175% | $1.8M | $724K | 20x | |
| Bybit NIULAIUSDTlong | +0.0694% | 4h | 0.1031 | long leg | $3.2M | $7.0M | 20x | |
| BingX NIULAI-USDT | +0.0970% | 4h | 0.1028 | −0.272% | — | $881K | — | as long as short |
KuCoin NIULAIUSDTM
SoDEX NIULAI-USD
edgeX 牛来USDC
BingX NIULAI-USDT