Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.246%
Price spread now: tradeXYZ against Bybit−0.958%7-day average −0.689% · you buy dearer than you sell
Net, funding: paid 7d − costs−$615as in the Funding arb table
Net, price: spread back to 7d avg − costs−$750as in the Price arb table
costs, in and out, $10k−$7237.227% of the position
Funding, last 7 days+1.072%+$107 on $10k
+Price spread, last 4 days (all we have)+0.730%+$73 · spread now −0.958%, 7d avg −0.689%
=Together, before fees+1.802%+ Points / potential airdroptradeXYZ: Active · farm board+$180 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.270% cheaper against Bybit than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.689%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.072%, 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 NCLDUSDT | 25.040 | 0 | get 0.0000% / 8h | 3h 07m | $170K | $75K | 25x |
| Short | tradeXYZ xyz:NCLD | 24.800 | −0.0067 | pay 0.0008% / 1h | 7m 16s | $241K | $245K | 10x |
Bybit NCLDUSDT
tradeXYZ xyz:NCLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$14.01
- Price spread: −0.958% → −0.689%
- −$26.96
- Slippage, 4 orders
- −$693.7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$763.67
- Costs to cover
- 7.227%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 28 min ago; tradeXYZ: live order book, 9 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, 28 min ago | 11.99 bp | 136.0 bp −$136 | 2447.8 bp −$24.5K | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 9 min ago | 44.41 bp | 173.4 bp −$173 | 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:NCLDshort | −0.0067% | 1h | 24.800 | −0.958% | $241K | $245K | 10x | |
| Bybit NCLDUSDTlong | 0.0000% | 8h | 25.040 | long leg | $170K | $75K | 25x | |
| QFEX NCLD-USD | 0.0000% | 1h | 24.650 | −1.558% | $1.1M | $529K | 10x | as long as short |
| Polymarket Perps NCLD-USD | +0.0050% | 1h | 24.825 | −0.859% | $19K | $181K | 10x | as long as short |
QFEX NCLD-USD
Polymarket Perps NCLD-USD