Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.004%
Price spread now: Lighter against Vest−0.943%46s7-day average −1.069% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.272%−$27 on $10k
+Price spread, last 7 days−0.142%−$14 · spread now −0.943%, 7d avg −1.069%
=Together, before fees−0.414%+ Points / potential airdropVest: Active · Lighter: Season 3 · farm board−$41 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.126% dearer against Vest than usual: you sell high and buy low (spread −0.943% now, against its 7-day average of −1.069%): +$13 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 31 days. At the pace of the last 3 days (−0.272% in total) that is about 36 hours. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest NDX-USD-PERP | 30,834.6 | 0.0046 | pay 0.0006% / 1h | 14m 42s | — | $194.1M | 50x |
| Short | Lighter US100 | 30,544 | 0.0032 | get 0.0004% / 1h | 14m 42s | $3.8M | $93.8M | 30x |
Vest NDX-USD-PERP
Lighter US100Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Vest. 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
- −$2.87
- Price spread: −0.943% → −1.069%
- $12.62
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $7.74
- Costs to cover
- 0.020%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Lighter: live order book, 4 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 Vest no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 4 min ago | 0.33 bp | 0.3 bp $0 | 0.7 bp −$7 | 5.2 bp −$520 | 211.0 bp −$105.5K |
Vest: 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 | −0.964% | $102K | $38K | 20x | as long as short |
| MEXC NAS100_USDT | −0.0114% | 8h | 30,548 | −0.930% | $23.0M | $19.6M | 200x | as long as short |
| Gate NAS100_USDT | −0.0063% | 8h | 30,498.6 | −1.090% | $1.8M | $3.6M | 100x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,509 | −1.056% | $260K | $357K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,533 | −0.978% | $3.5M | $669K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,549 | −0.926% | $3K | $90K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,464.6 | −1.200% | $1.4M | $177K | 10x | as long as short |
| QFEX US100-USD | +0.0001% | 1h | 30,549 | −0.926% | $1.4M | $1.0M | 30x | as long as short |
| Lighter US100short | +0.0032% | 1h | 30,544 | −0.943% | $3.8M | $93.8M | 30x | |
| Extended TECH100m-USD | +0.0032% | 1h | 30,549.2 | −0.926% | $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
Phemex NAS100USDT
QFEX US100-USD
Extended TECH100m-USDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NDX-USD-PERPlong | +0.0046% | 1h | 30,834.6 | long leg | — | $194.1M | 50x | |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,541.9 | −0.949% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,550 | −0.923% | $7.2M | $1.8M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0214% | 1h | 30,567.7 | −0.866% | $6.0M | $8.8M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.1978% | 1h | 30,612.4 | −0.721% | $124K | $122K | 20x | as long as short |
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P
Kraken Futures PF_US100USD