Funding you earn now, next payment 07:00 UTC+0.1099%/8h= +120.4% APRpaid last 24h +0.188%
Price spread now: tradeXYZ against Bybit−0.711%7-day average −0.688% · you buy dearer than you sell
Net, funding: paid 7d − costs−$490as in the Funding arb table
Net, price: spread back to 7d avg − costs−$599as in the Price arb table
costs, in and out, $10k−$5975.968% of the position
Funding, last 7 days+1.064%+$106 on $10k
+Price spread, last 4 days (all we have)+0.497%+$50 · spread now −0.711%, 7d avg −0.688%
=Together, before fees+1.561%+ Points / potential airdroptradeXYZ: Active · farm board+$156 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.023% cheaper against Bybit than usual: you would sell low and buy high (spread −0.711% now, against its 7-day average of −0.688%). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$33 a day). At the pace of the last 7 days (+1.064% in total) that is about 4 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NCLDUSDT | 24.740 | 0 | get 0.0000% / 8h | 1h 38m | $170K | $76K | 25x |
| Short | tradeXYZ xyz:NCLD | 24.564 | 0.1099 | get 0.0137% / 1h | 38m 06s | $239K | $240K | 10x |
Bybit NCLDUSDT
tradeXYZ xyz:NCLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Bybit. 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
- $230.87
- Price spread: −0.711% → −0.688%
- −$2.32
- Slippage, 4 orders
- −$567.78
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$368.22
- Costs to cover
- 5.968%
- Break-even
- 18.2 days
Slippage from Bybit: live order book, 52 min ago; tradeXYZ: live order book, 28 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 Bybit live order book, 52 min ago | 8.00 bp | 127.9 bp −$128 | 2414.3 bp −$24.1K | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 28 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 NCLDUSDTlong | 0.0000% | 8h | 24.740 | long leg | $170K | $76K | 25x | |
| QFEX NCLD-USD | 0.0000% | 1h | 24.530 | −0.849% | $1.1M | $552K | 10x | as long as short |
| Polymarket Perps NCLD-USD | +0.0050% | 1h | 24.571 | −0.683% | $20K | $182K | 10x | as long as short |
| tradeXYZ xyz:NCLDshort | +0.1099% | 1h | 24.564 | −0.711% | $239K | $240K | 10x |
QFEX NCLD-USD
Polymarket Perps NCLD-USD