Funding you earn now, next payment 06:00 UTC+0.1815%/8h= +198.7% APRpaid last 24h −0.193%
Price spread now: Bybit against tradeXYZ+0.819%7-day average +0.690% · you sell dearer than you buy
Net, funding: paid 7d − costs−$816as in the Funding arb table
Net, price: spread back to 7d avg − costs−$698as in the Price arb table
costs, in and out, $10k−$7117.106% of the position
Funding, last 7 days−1.049%−$105 on $10k
+Price spread, last 4 days (all we have)−0.616%−$62 · spread now +0.819%, 7d avg +0.690%
=Together, before fees−1.664%+ Points / potential airdroptradeXYZ: Active · farm board−$166 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$54 a day on $10k at the current rate, and Bybit is 0.129% dearer against tradeXYZ than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.690%. Mind the row above: over the last 7 days funding on this pair cost −1.049%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.049% in total (about -54.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:NCLD | 24.529 | −0.1815 | get 0.0227% / 1h | 8m 26s | $239K | $241K | 10x |
| Short | Bybit NCLDUSDT | 24.730 | 0 | get 0.0000% / 8h | 2h 08m | $170K | $77K | 25x |
tradeXYZ xyz:NCLD
Bybit NCLDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against tradeXYZ. 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
- $381.14
- Price spread: +0.819% → +0.690%
- $12.93
- Slippage, 4 orders
- −$681.64
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$316.57
- Costs to cover
- 7.106%
- Break-even
- 12.8 days
Slippage from tradeXYZ: live order book, 68 min ago; Bybit: live order book, 21 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 tradeXYZ live order book, 68 min ago | 44.41 bp | 268.2 bp −$268 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 21 min ago | 8.00 bp | 141.2 bp −$141 | 966.9 bp −$9,669 | 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:NCLDlong | −0.1815% | 1h | 24.529 | long leg | $239K | $241K | 10x | |
| Bybit NCLDUSDTshort | 0.0000% | 8h | 24.730 | +0.819% | $170K | $77K | 25x | |
| QFEX NCLD-USD | 0.0000% | 1h | 24.520 | −0.037% | $1.1M | $549K | 10x | as long as short |
| Polymarket Perps NCLD-USD | +0.0050% | 1h | 24.525 | −0.016% | $20K | $181K | 10x | as long as short |
QFEX NCLD-USD
Polymarket Perps NCLD-USD