Funding you earn now, next payment 06:00 UTC−0.0881%/8h= −96.5% APRnext payment −$1.10 per $10,000 · paid last 24h +0.192%
Price spread now: tradeXYZ against QFEX+0.609%7-day average −0.697% · 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−$901as in the Price arb table
costs, in and out, $10k−$1,03110.312% of the position
Funding, last 4 days (all we have)+0.874%+$87 on $10k
+Price spread, last 4 days (all we have)−0.587%−$59 · spread now +0.609%, 7d avg −0.697%
=Together, before fees+0.287%+ Points / potential airdroptradeXYZ: Active · farm board+$29 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 1.305% dearer against QFEX than usual: you sell high and buy low (spread +0.609% now, against its 7-day average of −0.697%): +$131 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 4.9 days. Mind the row above: over the last 4 days funding on this pair paid +0.874%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX NCLD-USD | 24.650 | 0 | get 0.0000% / 1h | 44m 58s | $1.1M | $529K | 10x |
| Short | tradeXYZ xyz:NCLD | 24.800 | −0.0881 | pay 0.0110% / 1h | 44m 58s | $241K | $245K | 10x |
QFEX NCLD-USD
tradeXYZ xyz:NCLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$185
- Price spread: +0.609% → −0.697%
- $130.53
- Slippage, 4 orders
- −$1,003.22
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$1,085.7
- Costs to cover
- 10.312%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 6 min ago; tradeXYZ: live order book, 31 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, 6 min ago | 229.16 bp | 294.8 bp −$295 | 301.5 bp −$3,015 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 31 min ago | 44.41 bp | 173.4 bp −$173 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:NCLDshort | −0.0881% | 1h | 24.800 | +0.609% | $241K | $245K | 10x | |
| Bybit NCLDUSDT | 0.0000% | 8h | 24.980 | +1.339% | $170K | $76K | 25x | as long as short |
| QFEX NCLD-USDlong | 0.0000% | 1h | 24.650 | long leg | $1.1M | $529K | 10x | |
| Polymarket Perps NCLD-USD | +0.0050% | 1h | 24.800 | +0.609% | $19K | $180K | 10x | as long as short |
Bybit NCLDUSDT
Polymarket Perps NCLD-USD