Funding you earn now, next payment 08:00 UTC+0.0200%/8h= +21.9% APRnext payment +$2.00 per $10,000 · paid last 24h +0.049%
Price spread now: OKX against Gate+0.055%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$620.617% of the position
Funding, last 7 days+0.236%+$24 on $10k
+Price spread, last 4 days (all we have)−0.198%−$20 · spread now +0.055%, 7d avg +0.101%
=Funding pays, the price is against you. OKX is 0.046% cheaper against Gate than usual: you would sell low and buy high (spread +0.055% now, against its 7-day average of +0.101%). If the spread goes back, that is −$5 on $10k: about 18 hours of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate NAS100_USDT | 30,539.2 | −0.0200 | get 0.0200% / 8h | 4h 18m | $1.9M | $3.7M | 100x |
| Short | OKX US100-USDT-SWAP | 30,556 | 0 | get 0.0000% / 8h | 4h 18m | $262K | $379K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- $42
- Price spread: +0.055% → +0.101%
- −$4.6
- Slippage, 4 orders
- −$36.68
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$24.28
- Costs to cover
- 0.617%
- Break-even
- 11.0 days
Slippage from Gate: live order book, 5 min ago; OKX: live order book, 37 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 Gate live order book, 5 min ago | 6.33 bp | 22.4 bp −$22 | 111.8 bp −$1,118 | doesn't fit | doesn't fit |
| Sell OKX live order book, 37 min ago | 0.16 bp | 5.2 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
NAS100 on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NAS100_USDC | −0.0212% | 8h | 30,570.1 | +0.101% | $102K | $38K | 20x | as long as short |
| Gate NAS100_USDTlong | −0.0200% | 8h | 30,539.2 | long leg | $1.9M | $3.7M | 100x | |
| MEXC NAS100_USDT | −0.0100% | 8h | 30,583 | +0.144% | $24.8M | $19.7M | 200x | as long as short |
| OKX US100-USDT-SWAPshort | 0.0000% | 8h | 30,556 | +0.055% | $262K | $379K | 20x | |
| Bitget NDX100USDT | 0.0000% | 8h | 30,557 | +0.058% | $3.5M | $633K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,583.5 | +0.145% | $2K | $89K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,523.5 | −0.051% | $1.4M | $183K | 10x | as long as short |
| QFEX US100-USD | +0.0001% | 1h | 30,585 | +0.150% | $1.3M | $1.4M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,580 | +0.134% | $3.9M | $96.0M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,583.8 | +0.146% | $2.0M | $5.7M | 20x | as long as short |
Show all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NDX-USD-PERP | +0.0046% | 1h | 30,872.3 | +1.091% | — | $199.1M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,577.9 | +0.127% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,584 | +0.147% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0119% | 1h | 30,602.2 | +0.206% | $6.0M | $8.5M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.2793% | 1h | 30,653.2 | +0.373% | $131K | $127K | 20x | as long as short |
Gate NAS100_USDT
OKX US100-USDT-SWAP
MEXC NAS100_USDT
Bitget NDX100USDT
Bullet US100-USD
Phemex NAS100USDT
Lighter US100
Extended TECH100m-USD
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Kraken Futures PF_US100USD