Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h —
Price spread now: Phemex against Paradex−0.256%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.256% cheaper against Paradex than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex US100-USD-PERP | 30,542.9 | 0.0050 | pay 0.0050% / 8h | 15m 24s | — | — | 5x |
| Short | Phemex NAS100USDT | 30,464.6 | 0 | get 0.0000% / 4h | 15m 24s | $1.4M | $177K | 10x |
Paradex US100-USD-PERP
Phemex NAS100USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Paradex. 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
- −$10.5
- Price spread: −0.256% → 0.000%
- −$25.63
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$52.13
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Phemex: live order book, 2 min ago. Net counts fees only.
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 Paradex no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 2 min ago | 1.54 bp | 16.9 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0217% | 8h | 30,537.5 | −0.018% | $102K | $38K | 20x | as long as short |
| MEXC NAS100_USDT | −0.0113% | 8h | 30,550 | +0.023% | $22.9M | $19.6M | 200x | as long as short |
| Gate NAS100_USDT | −0.0063% | 8h | 30,498.2 | −0.146% | $1.8M | $3.6M | 100x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,509 | −0.111% | $260K | $357K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,533 | −0.032% | $3.5M | $669K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,549 | +0.020% | $3K | $90K | 10x | as long as short |
| Phemex NAS100USDTshort | 0.0000% | 4h | 30,464.6 | −0.256% | $1.4M | $177K | 10x | |
| QFEX US100-USD | +0.0001% | 1h | 30,549 | +0.020% | $1.4M | $1.0M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,544 | +0.004% | $3.8M | $93.8M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,551.1 | +0.027% | $2.1M | $5.5M | 20x | as long as short |
Orderly PERP_NAS100_USDC
MEXC NAS100_USDT
Gate NAS100_USDT
OKX US100-USDT-SWAP
Bitget NDX100USDT
Bullet US100-USD
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 | 30,834.6 | +0.955% | — | $194.1M | 50x | as long as short |
| Paradex US100-USD-PERPlong | +0.0050% | 8h | 30,542.9 | long leg | — | — | 5x | |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,550 | +0.023% | $7.2M | $1.8M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0213% | 1h | 30,567.7 | +0.081% | $6.0M | $8.8M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.1978% | 1h | 30,612.5 | +0.228% | $124K | $122K | 20x | as long as short |
Vest NDX-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P
Kraken Futures PF_US100USD