Funding you earn now, next payment 08:00 UTC−0.1162%/8h= −127.2% APRnext payment −$1.45 per $10,000 · paid last 24h −0.625%
Price spread now: QFEX against Kraken Futures+0.086%7-day average −0.049% · 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−$50as in the Price arb table
costs, in and out, $10k−$630.633% of the position
Funding, last 4 days (all we have)−0.590%−$59 on $10k
+Price spread, last 4 days (all we have)+0.273%+$27 · spread now +0.086%, 7d avg −0.049%
=The price spread pays, funding is against you. QFEX is 0.135% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.086% now, against its 7-day average of −0.049%): +$14 on $10k if it goes back. Holding the pair costs −$35 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 4 days (−0.590% in total) that is about 21 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_US100USD | 30,448.8 | 0.1162 | pay 0.0145% / 1h | 3m 02s | $141K | $128K | 20x |
| Short | QFEX US100-USD | 30,475 | 0.0000 | get 0.0000% / 1h | 3m 02s | $1.3M | $1.3M | 30x |
Kraken Futures PF_US100USD
QFEX US100-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$243.99
- Price spread: +0.086% → −0.049%
- $13.5
- Slippage, 4 orders
- −$43.28
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$293.76
- Costs to cover
- 0.633%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 34 min ago; QFEX: live order book, 3 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, 34 min ago | 15.24 bp | 23.1 bp −$23 | 55.2 bp −$552 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 3 min ago | 0.16 bp | 7.4 bp −$7 | 7.6 bp −$76 | 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 | −0.0282% | 8h | 30,465.8 | +0.056% | $101K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,427.8 | −0.069% | $2.0M | $3.3M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0065% | 8h | 30,476 | +0.089% | $22.7M | $21.2M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,449 | +0.001% | $266K | $387K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,491 | +0.139% | $3.5M | $630K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,475.3 | +0.087% | $4K | $91K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,404.4 | −0.146% | $1.4M | $195K | 10x | as long as short |
| QFEX US100-USDshort | 0.0000% | 1h | 30,475 | +0.086% | $1.3M | $1.3M | 30x | |
| Lighter US100 | +0.0032% | 1h | 30,472 | +0.076% | $4.0M | $97.2M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,480.2 | +0.103% | $1.9M | $5.3M | 20x | as long as short |
Orderly PERP_NAS100_USDC
Gate NAS100_USDT
MEXC NAS100_USDT
OKX US100-USDT-SWAP
Bitget NDX100USDT
Bullet US100-USD
Phemex NAS100USDT
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 | 30,776.1 | +1.075% | — | $203.3M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,469.8 | +0.069% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,476 | +0.089% | $7.2M | $2.0M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0050% | 1h | 30,473.5 | +0.081% | $6.0M | $9.1M | 25x | as long as short |
| Kraken Futures PF_US100USDlong | +0.1162% | 1h | 30,448.8 | long leg | $141K | $128K | 20x |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P