Funding you earn now, next payment 02:00 UTC−0.2427%/8h= −265.8% APRpaid last 24h −0.697%
Price spread now: Bitget against Kraken Futures−0.345%48s7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$340as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$730.733% of the position
Funding, last 7 days−2.662%−$266 on $10k
+Price spread, last 3 days (all we have)+0.771%+$77 · spread now −0.345%, 7d avg +0.005%
=Both sides work against this trade now: funding costs −$73 a day on $10k at the current rate, and Bitget is 0.349% cheaper against Kraken Futures than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.005%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_US100USD | 30,652.7 | 0.2427 | pay 0.0303% / 1h | 40m 28s | $128K | $125K | 20x |
| Short | Bitget NDX100USDT | 30,547 | 0 | get 0.0000% / 8h | 6h 40m | $3.5M | $620K | 50x |
Kraken Futures PF_US100USD
Bitget NDX100USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Kraken Futures. 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
- −$509.77
- Price spread: −0.345% → +0.005%
- −$34.92
- Slippage, 4 orders
- −$51.35
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$618.04
- Costs to cover
- 0.733%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 27 min ago; Bitget: live order book, 2 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 Kraken Futures live order book, 27 min ago | 5.06 bp | 21.3 bp −$21 | 54.7 bp −$547 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.64 bp | 10.8 bp −$11 | 10.9 bp −$109 | 17.3 bp −$1,729 | 64.8 bp −$32.4K |
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 | −0.0215% | 8h | 30,560.7 | −0.300% | $102K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,541.9 | −0.361% | $1.8M | $3.7M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0093% | 8h | 30,573 | −0.260% | $23.6M | $19.7M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,562 | −0.296% | $261K | $353K | 20x | as long as short |
| Bitget NDX100USDTshort | 0.0000% | 8h | 30,547 | −0.345% | $3.5M | $620K | 50x | |
| Bullet US100-USD | 0.0000% | 1h | 30,574 | −0.257% | $3K | $89K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,460.8 | −0.626% | $1.4M | $172K | 10x | as long as short |
| QFEX US100-USD | +0.0001% | 1h | 30,574 | −0.257% | $1.4M | $1.1M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,569 | −0.273% | $3.9M | $93.1M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,573.3 | −0.259% | $2.2M | $5.6M | 20x | as long as short |
Orderly PERP_NAS100_USDC
Gate NAS100_USDT
MEXC NAS100_USDT
OKX US100-USDT-SWAP
Bullet US100-USD
Phemex NAS100USDT
QFEX US100-USD
Lighter US100
Extended TECH100m-USDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NDX-USD-PERP | +0.0046% | 1h | 30,858.5 | +0.672% | — | $193.1M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,568.9 | −0.273% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,572 | −0.263% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0210% | 1h | 30,587.2 | −0.214% | $6.0M | $8.7M | 25x | as long as short |
| Kraken Futures PF_US100USDlong | +0.2427% | 1h | 30,652.7 | long leg | $128K | $125K | 20x |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P