Funding you earn now, next payment 07:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.001%
Price spread now: Phemex against QFEX−0.148%7-day average −0.167% · 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−$58as in the Price arb table
costs, in and out, $10k−$600.601% of the position
Funding, last 4 days (all we have)−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.148%, 7d avg −0.167%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX US100-USD | 30,475 | 0.0001 | pay 0.0000% / 1h | 40m 47s | $1.3M | $1.3M | 30x |
| Short | Phemex NAS100USDT | 30,429.9 | 0 | get 0.0000% / 4h | 1h 40m | $1.4M | $192K | 10x |
QFEX US100-USD
Phemex NAS100USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against QFEX. 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
- −$0.25
- Price spread: −0.148% → −0.167%
- $1.92
- Slippage, 4 orders
- −$38.08
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$58.42
- Costs to cover
- 0.601%
- Break-even
- never at this rate
Slippage from QFEX: live order book, just now; Phemex: 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 QFEX live order book, just now | 0.16 bp | 8.7 bp −$9 | 8.9 bp −$89 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 6.34 bp | 22.2 bp −$22 | doesn't fit | 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 | −0.0283% | 8h | 30,462.6 | −0.041% | $101K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,436.3 | −0.127% | $2.0M | $3.6M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0070% | 8h | 30,475 | 0.000% | $24.3M | $20.4M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,450 | −0.082% | $263K | $373K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,515 | +0.131% | $3.5M | $602K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,476 | +0.003% | $4K | $91K | 10x | as long as short |
| Phemex NAS100USDTshort | 0.0000% | 4h | 30,429.9 | −0.148% | $1.4M | $192K | 10x | |
| QFEX US100-USDlong | +0.0001% | 1h | 30,475 | long leg | $1.3M | $1.3M | 30x | |
| Lighter US100 | +0.0032% | 1h | 30,471 | −0.013% | $4.0M | $96.4M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,477.2 | +0.007% | $2.0M | $5.9M | 20x | as long as short |
Orderly PERP_NAS100_USDC
Gate NAS100_USDT
MEXC NAS100_USDT
OKX US100-USDT-SWAP
Bitget NDX100USDT
Bullet 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 | 30,771.5 | +0.973% | — | $202.8M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,472.9 | −0.007% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,476 | +0.003% | $7.2M | $2.0M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0050% | 1h | 30,480 | +0.016% | $6.0M | $8.8M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.1148% | 1h | 30,505.7 | +0.101% | $137K | $137K | 20x | as long as short |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P
Kraken Futures PF_US100USD