Funding you earn now, next payment 07:00 UTC+0.1021%/8h= +111.8% APRnext payment +$1.28 per $10,000 · paid last 24h +0.173%
Price spread now: tradeXYZ against Polymarket Perps0.000%7-day average +0.030% · 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−$1,791as in the Price arb table
costs, in and out, $10k−$1,78817.880% of the position
Funding, last 5 days (all we have)+0.783%+$78 on $10k
+Price spread, last 4 days (all we have)−0.457%−$46 · spread now 0.000%, 7d avg +0.030%
=Together, before fees+0.326%+ Points / potential airdroptradeXYZ: Active · farm board+$33 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.030% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.030%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$31 a day). At the pace of the last 5 days (+0.783% in total) that is about 5 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps NCLD-USD | 24.594 | 0.0050 | pay 0.0006% / 1h | 52m 45s | $20K | $182K | 10x |
| Short | tradeXYZ xyz:NCLD | 24.594 | 0.1071 | get 0.0134% / 1h | 52m 45s | $240K | $241K | 10x |
Polymarket Perps NCLD-USD
tradeXYZ xyz:NCLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $214.32
- Price spread: 0.000% → +0.030%
- −$2.95
- Slippage, 4 orders
- −$1,761.99
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$1,576.62
- Costs to cover
- 17.880%
- Break-even
- 58.5 days
Slippage from Polymarket Perps: live order book, 54 min ago; tradeXYZ: live order book, 13 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, 54 min ago | 0.81 bp | 756.7 bp −$757 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 13 min ago | 23.17 bp | 160.3 bp −$160 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit NCLDUSDT | 0.0000% | 8h | 24.730 | +0.553% | $170K | $76K | 25x | as long as short |
| QFEX NCLD-USD | 0.0000% | 1h | 24.520 | −0.301% | $1.1M | $550K | 10x | as long as short |
| Polymarket Perps NCLD-USDlong | +0.0050% | 1h | 24.594 | long leg | $20K | $182K | 10x | |
| tradeXYZ xyz:NCLDshort | +0.1071% | 1h | 24.594 | 0.000% | $240K | $241K | 10x |
Bybit NCLDUSDT
QFEX NCLD-USD