NEX Funding Rate Arbitrage

Name: Funding Rate Arbitrage Yields Dataset
Creator: Yieldo
License: https://creativecommons.org/licenses/by/4.0/

Delta-neutral, not risk-free: funding can flip, and you need margin on both legs (liquidation risk on either exchange). Yields are annualized from the current funding spread and change every funding interval.

NEX funding pairs across exchanges

LIVE Updated Oct 24, 2026 11:55 MSK (08:55 UTC)

Both legs of every pair use rates from the same moment. The spread is the hourly funding rate of the short leg minus the long leg; the annual figure is the hourly spread × 8760 at the rates shown. The result covers 30 days on 5,000 USDT per leg with the venues’ public taker fees; the order-book spread and slippage on execution are not included.

Long	Short	Spread per hour	Annual (hourly × 8760)	Status	Result for 30 days
KuCoin NEXUSDTM	MEXC NEX_USDT	+0.005775%/h	≈ +50.59% APR	from known costs	+199.76 USDT
KuCoin NEXUSDTM	Bybit 10000NEXUSDT	+0.005775%/h	≈ +50.59% APR	from known costs	+196.40 USDT
KuCoin NEXUSDTM	Bitget 10000NEXUSDT	+0.005775%/h	≈ +50.59% APR	from known costs	+195.84 USDT
KuCoin NEXUSDTM	BingX 10000NEX-USDT	+0.005400%/h	≈ +47.30% APR	from known costs	+183.36 USDT
BingX 10000NEX-USDT	MEXC NEX_USDT	+0.000375%/h	≈ +3.29% APR	from known costs	+6.43 USDT
BingX 10000NEX-USDT	Bybit 10000NEXUSDT	+0.000375%/h	≈ +3.29% APR	from known costs	+3.06 USDT
BingX 10000NEX-USDT	Bitget 10000NEXUSDT	+0.000375%/h	≈ +3.29% APR	from known costs	+2.50 USDT
MEXC NEX_USDT	Bybit 10000NEXUSDT	0.000000%/h	≈ 0.00% APR	from known costs	−7.35 USDT
MEXC NEX_USDT	Bitget 10000NEXUSDT	0.000000%/h	≈ 0.00% APR	from known costs	−7.92 USDT
Bitget 10000NEXUSDT	Bybit 10000NEXUSDT	0.000000%/h	≈ 0.00% APR	from known costs	−11.42 USDT

NEX: scenario for the top pair

NEX · long KuCoin NEXUSDTM · short MEXC NEX_USDT · 5,000 per leg · 30 days

Result from known costs

Some costs are unknown, so the total is incomplete. Missing:

Execution costs (spread and slippage) are not estimated.

Result from known costs

+199.76 USDT

30d

Rates

Rate spread per hour: +0.005775%/h
Spread, annualized: ≈ +50.59% APR

Instrument	Rate per period	Rate kind	Per hour	Annual (hourly × 8760)	Who pays	Next settlement
NEXUSDTM · KuCoin	-0.018100% per 4h	current, accruing	-0.004525%/h	≈ −39.64% APR	long receives	Oct 24, 2026 15:00 MSK (12:00 UTC) from exchange data
NEX_USDT · MEXC	+0.005000% per 4h	current, accruing	+0.001250%/h	≈ +10.95% APR	short receives	Oct 24, 2026 15:00 MSK (12:00 UTC) from exchange data

Annual = hourly rate × 8760 h — the rate shown, stretched over a year.

Costs and result

Funding over 30d: +207.76 USDT
Trading fee, KuCoin, entry: −3.00 USDT taker · 0.0600% · the venue’s fee for this contract
Trading fee, KuCoin, exit: −3.00 USDT taker · 0.0600% · the venue’s fee for this contract
Trading fee, MEXC, entry: −1.00 USDT taker · 0.0200% · venue public base fee
Trading fee, MEXC, exit: −1.00 USDT taker · 0.0200% · venue public base fee
Spread and slippage, KuCoin, entry: —Execution costs (spread and slippage) are not estimated.
Spread and slippage, KuCoin, exit: —Execution costs (spread and slippage) are not estimated.
Spread and slippage, MEXC, entry: —Execution costs (spread and slippage) are not estimated.
Spread and slippage, MEXC, exit: —Execution costs (spread and slippage) are not estimated.
Result from known costs: +199.76 USDT

Break-even

Calendar break-even: 1d 3h Oct 25, 2026 15:00 MSK (12:00 UTC)
Approximation: costs ÷ daily funding flow: ≈ 1.15 days
Funding spread to break even over 30d: 0.005329%/day

Break-even uses known costs only, so it is not the full break-even.

Rate history

Full history since: Sep 24, 2026 11:00 MSK (08:00 UTC)
Payments in history: 348
History coverage: 32.22%

Window	Status	Mean spread (time-weighted)	Sum of settled rates	Share of positive periods	Sign changes	Payments · coverage	Reasons
24 h	from known costs	+0.002464%/h	—There is not enough rate history for this metric.	75.00%	0	8 · 66.67%	There is not enough rate history for this metric.
7 days	from known costs	+0.004303%/h	+0.541500%	71.43%	2	84 · 100.00%	Rates are unknown for part of the period: the metric uses known values only.
30 days	from known costs	+0.007399%/h	—Rates are unknown for part of the period: the metric uses known values only.	86.21%	2	348 · 96.67%	Rates are unknown for part of the period: the metric uses known values only.; There is not enough rate history for this metric.
90 days	from known costs	+0.007399%/h	—There is not enough rate history for this metric.	86.21%	2	348 · 32.22%	There is not enough rate history for this metric.

The funding path is hypothetical: fixed size, no price changes, fees or liquidations.

Data and assumptions

KuCoin rate: Oct 24, 2026 11:51 MSK (08:51 UTC)
MEXC rate: Oct 24, 2026 11:50 MSK (08:50 UTC)
Valid until: Oct 24, 2026 12:10 MSK (09:10 UTC)

KuCoin: The venue does not state the data time — it is determined indirectly.
MEXC: The venue does not document whether this is the current rate or a forecast: the kind is determined from its actual data.
MEXC: The interval unit is inferred from settlement history: the venue does not state it.
The pair’s rates come from the shared list update and were not rechecked separately.
A payment at the opening moment is outside the period; a payment at the closing moment is inside.
Quantity = notional ÷ the higher of the leg prices.
The price funding is calculated from does not change until the payment.
The current rate stays unchanged in repeats.
The funding interval does not change.
Capital is already on the venues: no entry transfer; return and rebalancing are not included.
The exit price equals the current price: exit notional and fee are as of now.
Margin equals the leg notional (1× leverage).
Reserve on the venue is 0.
Margin equals the leg notional (1× leverage).
Reserve on the venue is 0.

Open long NEXUSDTM on KuCoin Open short NEX_USDT on MEXC

Each button opens one leg of this calculation on its venue.

Change size, venues or fees in the calculator →

NEX pairs over the last 7 days

Past days, not current opportunities. Days and times are MSK.

Last usable pair: Oct 24, 2026 11:55 MSK (08:55 UTC), long KuCoin NEXUSDTM / short MEXC NEX_USDT, +0.005775%/h.

Day	Updates with a pair	Most pairs at once	Widest spread	Pair
Oct 24, 2026	72	10	+0.017750%/h	long KuCoin NEXUSDTM / short MEXC NEX_USDT
Oct 23, 2026	144	10	+0.028675%/h	long KuCoin NEXUSDTM / short Bitget 10000NEXUSDT
Oct 22, 2026	139	10	+0.036850%/h	long KuCoin NEXUSDTM / short MEXC NEX_USDT
Oct 21, 2026	141	15	+0.016450%/h	long BingX 10000NEX-USDT / short MEXC NEX_USDT
Oct 20, 2026	20	15	0.000000%/h	long MEXC NEX_USDT / short KuCoin NEXUSDTM

How funding rate arbitrage works

A perpetual futures contract pays a periodic funding rate between longs and shorts. When two exchanges show different funding rates for the same coin, you can go long where funding is low (or negative) and short where it is high — staying delta-neutral on price while collecting the funding spread. Yieldo scans live rates across all supported exchanges and ranks the best long/short pairs after fees.

FAQ

NEX FAQ

What is funding rate arbitrage?

It is a delta-neutral strategy: you open a long position where the perpetual funding rate is low or negative and a short of the same size where funding is high. Price moves cancel out, and you collect the difference in funding payments.

Is NEX funding arbitrage risk-free?

No. It is market-neutral, not risk-free. Funding rates can flip before the next payment, both legs require margin (liquidation risk), and exchange or transfer issues can break the hedge. Treat the annualized yield as indicative, not guaranteed.

How is the annualized yield calculated?

We take the current funding-rate spread between the two exchanges and annualize it by the number of funding intervals per year for each contract. Actual returns depend on how long the spread persists.

Watch the NEX funding spread

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