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: Lighter against QFEX−0.010%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$170.168% of the position

Long on QFEX Short on Lighter

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)+0.001%$0 · spread now −0.010%, 7d avg −0.003%

Together, before fees−0.232%+ 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 cost −0.233%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX US100-USD	30,549	0.0001	pay 0.0000% / 1h	16m 53s	$1.4M	$1.0M	30x
Short	Lighter US100	30,546	0.0032	get 0.0004% / 1h	16m 53s	$3.8M	$93.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against QFEX. 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 QFEXbpFee LighterbpOrdersPrice spread, now −0.010%Rate

Funding earned: $6.47
Price spread: −0.010% → −0.003%: −$0.71
Slippage, 4 orders: −$6.84
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$11.08
Costs to cover: 0.168%
Break-even: 19.0 days

Slippage from QFEX: live order book, 5 min ago; Lighter: live order book, 7 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 QFEX live order book, 5 min ago	1.15 bp	9.1 bp −$9	9.2 bp −$92	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	0.49 bp	0.5 bp $0	0.7 bp −$7	5.0 bp −$501	215.0 bp −$107.5K

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	30,540	−0.029%	$102K	$38K	20x	as long as short
MEXC NAS100_USDT	−0.0111%	8h	30,550	+0.003%	$22.9M	$19.6M	200x	as long as short
Gate NAS100_USDT	−0.0061%	8h	30,498.4	−0.166%	$1.8M	$3.6M	100x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,509	−0.131%	$260K	$357K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,534	−0.049%	$3.5M	$669K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,550	+0.003%	$3K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,462.9	−0.282%	$1.4M	$177K	10x	as long as short
QFEX US100-USDlong	+0.0001%	1h	30,549	long leg	$1.4M	$1.0M	30x
Lighter US100short	+0.0032%	1h	30,546	−0.010%	$3.8M	$93.8M	30x
Extended TECH100m-USD	+0.0032%	1h	30,551.3	+0.007%	$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	30,835.8	+0.939%	—	$194.1M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,544.9	−0.013%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,552	+0.010%	$7.2M	$1.8M	50x	as long as short
Ondo Perps US100-USD.P	+0.0213%	1h	30,562.7	+0.045%	$6.0M	$8.8M	25x	as long as short
Kraken Futures PF_US100USD	+0.1978%	1h	30,612.5	+0.208%	$124K	$122K	20x	as long as short