Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.014%
Price spread now: Polymarket Perps against QFEX−0.008%7-day average −0.524% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$2,454as in the Price arb table
costs, in and out, $10k−$2,50525.051% of the position
Funding, last 4 days (all we have)+0.259%+$26 on $10k
+Price spread, last 6 days (all we have)−0.109%−$11 · spread now −0.008%, 7d avg −0.524%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.516% dearer against QFEX than usual: you sell high and buy low: +$52 more if the spread goes back to its 7-day average of −0.524%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX NCLD-USD | 24.950 | 0 | get 0.0000% / 1h | 24m 14s | $1.1M | $501K | 10x |
| Short | Polymarket Perps NCLD-USD | 24.948 | 0.0050 | get 0.0006% / 1h | 24m 14s | $19K | $182K | 10x |
QFEX NCLD-USD
Polymarket Perps NCLD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $10.5
- Price spread: −0.008% → −0.524%
- $51.61
- Slippage, 4 orders
- −$2,487.11
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$2,443
- Costs to cover
- 25.051%
- Break-even
- 1635.7 days
Slippage from QFEX: live order book, 2 min ago; Polymarket Perps: live order book, 33 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 | 252.51 bp | 269.5 bp −$269 | 276.6 bp −$2,766 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 33 min ago | 25.00 bp | 985.2 bp −$985 | 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 | 25.040 | +0.361% | $170K | $83K | 25x | as long as short |
| QFEX NCLD-USDlong | 0.0000% | 1h | 24.950 | long leg | $1.1M | $501K | 10x | |
| Polymarket Perps NCLD-USDshort | +0.0050% | 1h | 24.948 | −0.008% | $19K | $182K | 10x | |
| tradeXYZ xyz:NCLD | +0.1063% | 1h | 24.950 | 0.000% | $242K | $248K | 10x | as long as short |
Bybit NCLDUSDT
tradeXYZ xyz:NCLD