Funding you earn now, next payment 11:00 UTC−0.0234%/8h= −25.6% APRpaid last 24h +0.538%
Price spread now: Kraken Futures against Bitget−0.186%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs+$159as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$940.937% of the position
Funding, last 7 days+2.524%+$252 on $10k
+Price spread, last 4 days (all we have)−0.774%−$77 · spread now −0.186%, 7d avg −0.001%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Kraken Futures is 0.185% cheaper against Bitget than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.001%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +2.524%, 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 | Bitget NDX100USDT | 30,539 | 0 | get 0.0000% / 8h | 5h 43m | $3.6M | $560K | 50x |
| Short | Kraken Futures PF_US100USD | 30,482.1 | −0.0234 | pay 0.0029% / 1h | 43m 46s | $140K | $69K | 20x |
Bitget NDX100USDT
Kraken Futures PF_US100USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- −$49.06
- Price spread: −0.186% → −0.001%
- −$18.52
- Slippage, 4 orders
- −$71.66
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$161.24
- Costs to cover
- 0.937%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Kraken Futures: 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 Bitget live order book, 2 min ago | 3.27 bp | 19.3 bp −$19 | 23.8 bp −$238 | 40.0 bp −$4,005 | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 6.07 bp | 11.1 bp −$11 | 46.1 bp −$461 | doesn't fit | doesn't fit |
NAS100 on 15 exchanges
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 | −0.0280% | 8h | 30,516 | −0.075% | $100K | $36K | 20x | as long as short |
| Kraken Futures PF_US100USDshort | −0.0234% | 1h | 30,482.1 | −0.186% | $140K | $69K | 20x | |
| Gate NAS100_USDT | −0.0200% | 8h | 30,513.8 | −0.082% | $1.8M | $2.6M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0053% | 8h | 30,527 | −0.039% | $21.5M | $21.7M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,508 | −0.102% | $267K | $427K | 20x | as long as short |
| Bitget NDX100USDTlong | 0.0000% | 8h | 30,539 | long leg | $3.6M | $560K | 50x | |
| Bullet US100-USD | 0.0000% | 1h | 30,527 | −0.039% | $2K | $89K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,513.8 | −0.082% | $1.4M | $194K | 10x | as long as short |
| QFEX US100-USD | +0.0003% | 1h | 30,521 | −0.059% | $1.4M | $1.6M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,519 | −0.065% | $3.1M | $99.3M | 30x | as long as short |
Orderly PERP_NAS100_USDC
Gate NAS100_USDT
MEXC NAS100_USDT
OKX US100-USDT-SWAP
Bullet US100-USD
Phemex NAS100USDT
QFEX US100-USD
Lighter US100Show all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TECH100m-USD | +0.0032% | 1h | 30,520.7 | −0.060% | $2.1M | $5.5M | 20x | as long as short |
| Vest NDX-USD-PERP | +0.0046% | 1h | 30,815 | +0.904% | — | $209.1M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,515.7 | −0.076% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,520 | −0.062% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0067% | 1h | 30,525.1 | −0.046% | $6.0M | $10.3M | 25x | as long as short |
Extended TECH100m-USD
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P