Funding you earn now, next payment 03:00 UTC−0.0358%/8h= −39.2% APRnext payment −$0.45 per $10,000 · paid last 24h +0.284%
Price spread now: tradeXYZ against QFEX+0.193%7-day average −0.726% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.877%+$88 on $10k
+Price spread, last 4 days (all we have)−0.419%−$42 · spread now +0.193%, 7d avg −0.726%
=Together, before fees+0.458%+ Points / potential airdroptradeXYZ: Active · farm board+$46 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.918% dearer against QFEX than usual: you sell high and buy low (spread +0.193% now, against its 7-day average of −0.726%): +$92 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 8.6 days. Mind the row above: over the last 4 days funding on this pair paid +0.877%, 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 | 24.920 | 0 | get 0.0000% / 1h | 23m 27s | $1.1M | $535K | 10x |
| Short | tradeXYZ xyz:NCLD | 24.968 | −0.0358 | pay 0.0045% / 1h | 23m 27s | $242K | $249K | 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
- −$75.14
- Price spread: +0.193% → −0.726%
- $91.85
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$11.3
- Costs to cover
- 0.280%
- Break-even
- from the start
Slippage unknown: QFEX: live order book, 2 min ago; tradeXYZ: live order book, 13 min ago. Net counts fees only.
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 | 254.87 bp | 283.9 bp −$284 | 291.1 bp −$2,911 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 13 min ago | 23.62 bp | doesn't fit | 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 | −0.0358% | 1h | 24.968 | +0.193% | $242K | $249K | 10x | |
| Bybit NCLDUSDT | 0.0000% | 8h | 25.070 | +0.602% | $170K | $83K | 25x | as long as short |
| QFEX NCLD-USDlong | 0.0000% | 1h | 24.920 | long leg | $1.1M | $535K | 10x | |
| Polymarket Perps NCLD-USD | +0.0050% | 1h | 24.969 | +0.197% | $19K | $182K | 10x | as long as short |
Bybit NCLDUSDT
Polymarket Perps NCLD-USD