Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

NCLD

RWAAll NCLD markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
QFEXNCLD-USD
24.28000.0000% / 1h3m 13s$1.2M$61K10xLong QFEX
SHORT
BingXNCSKNCLD2USD-USDT
24.390−0.0050pay 0.0050% / 8h3h 03m$904K$1.2M—Short BingX
Price gap+0.453%
Funding gap−0.0050% /8h

Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.286% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$10−0.0050% /8h now · paid −0.105% over the last 7D
Price−$29spread +0.453% now, avg +0.739% → −0.286% if it goes back
Costs−$3613.615% of $10k · taker + slippage, in and out
Result−$401−4.01%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now+0.453%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

NCLD on 5 exchanges

lowest funding first

Before you open

0 ok · 5 to watch
  • Watch: Thin at this size61.3 / 140.7 bp
    At $10k entering BingX costs 140.7 bp, fee and slippage, 2.3× QFEX’s.
  • Note: Margin at max leverage$1,000 + —
    QFEX 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$1.50Long QFEX: 24 payments, $0.00; short BingX: 3 payments, −$1.50.
  • Watch: Gap narrower than usual+0.453% vs +0.739%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$904K vs $1.2M OI
    BingX sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCQFEX No · BingX Yes
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0050%/8h × 21 periods−$10.47
Price spread+0.453% → +0.739% (7d avg)−$28.61
Slippage, 4 orderslive order books−$331.47
Fee QFEX bp × 2 orders−$20.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$400.56
Costs to cover3.615%Break-evennever at this rate
Slippage: QFEX: live order book, 2 min ago; BingX: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGQFEX2.0661.3 bp−$6164.0 bp−$640doesn’t fitdoesn’t fit
SELL · SHORTBingX18.45140.7 bp−$141574.5 bp−$5,745doesn’t fitdoesn’t fit

Closing costs about the same again.

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