Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Bybit against Polymarket Perps+0.364%7-day average +0.716% · 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−$1,816as in the Price arb table
costs, in and out, $10k−$1,78117.810% of the position
Funding, last 5 days (all we have)−0.415%−$42 on $10k
+Price spread, last 4 days (all we have)−0.555%−$56 · spread now +0.364%, 7d avg +0.716%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.351% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.716%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps NCLD-USD | 24.979 | 0.0050 | pay 0.0006% / 1h | 29m 42s | $19K | $183K | 10x |
| Short | Bybit NCLDUSDT | 25.070 | 0 | get 0.0000% / 8h | 5h 29m | $170K | $83K | 25x |
Polymarket Perps NCLD-USD
Bybit NCLDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Polymarket Perps. 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: +0.364% → +0.716%
- −$35.13
- Slippage, 4 orders
- −$1,761.95
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,826.58
- Costs to cover
- 17.810%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 32 min ago; Bybit: live order book, 15 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 Polymarket Perps live order book, 32 min ago | 7.18 bp | 717.6 bp −$718 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 15 min ago | 7.98 bp | 146.7 bp −$147 | 986.0 bp −$9,860 | 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 | −0.0109% | 1h | 24.976 | −0.012% | $242K | $249K | 10x | as long as short |
| Bybit NCLDUSDTshort | 0.0000% | 8h | 25.070 | +0.364% | $170K | $83K | 25x | |
| QFEX NCLD-USD | 0.0000% | 1h | 24.920 | −0.236% | $1.1M | $536K | 10x | as long as short |
| Polymarket Perps NCLD-USDlong | +0.0050% | 1h | 24.979 | long leg | $19K | $183K | 10x |
tradeXYZ xyz:NCLD
QFEX NCLD-USD