Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Bybit against QFEX+0.841%7-day average −0.047% · 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−$482as in the Price arb table
costs, in and out, $10k−$5715.708% of the position
Funding, last 3 days (all we have)−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.653%−$65 · spread now +0.841%, 7d avg −0.047%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.888% dearer against QFEX than usual: you sell high and buy low, +$89 on $10k if it goes back to its 7-day average of −0.047%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX NCLD-USD | 24.970 | 0 | get 0.0000% / 1h | 38m 24s | $1.1M | $609K | 10x |
| Short | Bybit NCLDUSDT | 25.180 | 0 | get 0.0000% / 8h | 7h 38m | $172K | $92K | 25x |
QFEX NCLD-USD
Bybit NCLDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against QFEX. 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
- $0
- Price spread: +0.841% → −0.047%
- $88.77
- Slippage, 4 orders
- −$549.77
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$482
- Costs to cover
- 5.708%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 2 min ago; Bybit: live order book, 17 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 QFEX live order book, 2 min ago | 107.87 bp | 112.9 bp −$113 | 120.2 bp −$1,202 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 17 min ago | 15.92 bp | 143.2 bp −$143 | 1189.5 bp −$11.9K | 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 | −0.0097% | 1h | 25.120 | +0.601% | $244K | $261K | 10x | as long as short |
| Bybit NCLDUSDTshort | 0.0000% | 8h | 25.180 | +0.841% | $172K | $92K | 25x | |
| QFEX NCLD-USDlong | 0.0000% | 1h | 24.970 | long leg | $1.1M | $609K | 10x | |
| Polymarket Perps NCLD-USD | +0.0050% | 1h | 25.037 | +0.268% | $19K | $184K | 10x | as long as short |
tradeXYZ xyz:NCLD
Polymarket Perps NCLD-USD