Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Bybit against Polymarket Perps+0.369%47s7-day average +0.714% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2,24422.440% of the position
Funding, last 5 days (all we have)−0.416%−$42 on $10k
+Price spread, last 4 days (all we have)−0.909%−$91 · spread now +0.369%, 7d avg +0.714%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.345% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of +0.714%). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps NCLD-USD | 24.948 | 0.0050 | pay 0.0006% / 1h | 25m 37s | $19K | $182K | 10x |
| Short | Bybit NCLDUSDT | 25.040 | 0 | get 0.0000% / 8h | 4h 25m | $170K | $83K | 25x |
Polymarket Perps NCLD-USD
Bybit NCLDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Polymarket Perps. 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: +0.369% → +0.714%
- −$34.48
- Slippage, 4 orders
- −$2,225.03
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$2,289
- Costs to cover
- 22.440%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 31 min ago; Bybit: live order book, 14 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 Polymarket Perps live order book, 31 min ago | 25.00 bp | 980.9 bp −$981 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 14 min ago | 11.98 bp | 141.1 bp −$141 | 978.9 bp −$9,789 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit NCLDUSDTshort | 0.0000% | 8h | 25.040 | +0.369% | $170K | $83K | 25x | |
| QFEX NCLD-USD | 0.0000% | 1h | 24.950 | +0.008% | $1.1M | $502K | 10x | as long as short |
| Polymarket Perps NCLD-USDlong | +0.0050% | 1h | 24.948 | long leg | $19K | $182K | 10x | |
| tradeXYZ xyz:NCLD | +0.1116% | 1h | 24.950 | +0.008% | $242K | $248K | 10x | as long as short |
QFEX NCLD-USD
tradeXYZ xyz:NCLD