Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Polymarket Perps against Bybit−0.568%7-day average −0.727% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$1,740as in the Price arb table
costs, in and out, $10k−$1,75617.563% of the position
Funding, last 5 days (all we have)+0.414%+$41 on $10k
+Price spread, last 4 days (all we have)+0.781%+$78 · spread now −0.568%, 7d avg −0.727%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.159% dearer against Bybit than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.727%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NCLDUSDT | 25.180 | 0 | get 0.0000% / 8h | 7h 37m | $172K | $92K | 25x |
| Short | Polymarket Perps NCLD-USD | 25.037 | 0.0050 | get 0.0006% / 1h | 37m 01s | $19K | $184K | 10x |
Bybit NCLDUSDT
Polymarket Perps NCLD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $10.5
- Price spread: −0.568% → −0.727%
- $15.93
- Slippage, 4 orders
- −$1,737.31
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$1,729.88
- Costs to cover
- 17.563%
- Break-even
- 1160.3 days
Slippage from Bybit: live order book, 18 min ago; Polymarket Perps: live order book, 35 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, 18 min ago | 15.92 bp | 146.1 bp −$146 | 2990.8 bp −$29.9K | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 35 min ago | 7.20 bp | 747.0 bp −$747 | doesn't fit | doesn't fit | doesn't fit |
NCLD on 4 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:NCLD | −0.0102% | 1h | 25.121 | −0.234% | $244K | $261K | 10x | as long as short |
| Bybit NCLDUSDTlong | 0.0000% | 8h | 25.180 | long leg | $172K | $92K | 25x | |
| QFEX NCLD-USD | 0.0000% | 1h | 24.970 | −0.834% | $1.1M | $609K | 10x | as long as short |
| Polymarket Perps NCLD-USDshort | +0.0050% | 1h | 25.037 | −0.568% | $19K | $184K | 10x |
tradeXYZ xyz:NCLD
QFEX NCLD-USD