NAS100

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.04 per $10,000 · paid last 24h −0.008%

Price spread now: QFEX against Lighter+0.016%7-day average +0.003% · 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−$15as in the Price arb table

costs, in and out, $10k−$170.165% of the position

Long on Lighter Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.233%+$23 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.016%, 7d avg +0.003%

Together, before fees+0.226%+ Points / potential airdropLighter: Season 3 · farm board+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.233%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter US100	30,542	0.0032	pay 0.0004% / 1h	45m 21s	$3.9M	$92.5M	30x
Short	QFEX US100-USD	30,547	0.0001	get 0.0000% / 1h	45m 21s	$1.4M	$1.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee QFEXbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$6.47
Price spread: +0.016% → +0.003%: $1.36
Slippage, 4 orders: −$6.53
Fee Lighter: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$21.64
Costs to cover: 0.165%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; QFEX: live order book, 1 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 Lighter live order book, 4 min ago	0.49 bp	0.5 bp $0	0.9 bp −$9	5.9 bp −$591	222.7 bp −$111.3K
Sell QFEX live order book, 1 min ago	0.82 bp	8.1 bp −$8	8.1 bp −$81	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	−0.0219%	8h	30,533.9	−0.027%	$102K	$38K	20x	as long as short
MEXC NAS100_USDT	−0.0111%	8h	30,547	+0.016%	$22.5M	$19.4M	200x	as long as short
Gate NAS100_USDT	−0.0021%	8h	30,487.8	−0.178%	$1.8M	$3.6M	100x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,518	−0.079%	$259K	$357K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,504	−0.124%	$3.5M	$667K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,546	+0.013%	$3K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,438.9	−0.338%	$1.4M	$172K	10x	as long as short
QFEX US100-USDshort	+0.0001%	1h	30,547	+0.016%	$1.4M	$1.0M	30x
Lighter US100long	+0.0032%	1h	30,542	long leg	$3.9M	$92.5M	30x
Extended TECH100m-USD	+0.0032%	1h	30,542.8	+0.003%	$2.1M	$5.5M	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	30,830	+0.943%	—	$194.2M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,539.9	−0.007%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,544	+0.007%	$7.2M	$1.8M	50x	as long as short
Ondo Perps US100-USD.P	+0.0217%	1h	30,553.6	+0.038%	$6.0M	$8.9M	25x	as long as short
Kraken Futures PF_US100USD	+0.1978%	1h	30,612.4	+0.230%	$124K	$123K	20x	as long as short