Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Phemex against Extended−0.374%7-day average −0.173% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$730.732% of the position
Funding, last 7 days−0.075%−$8 on $10k
+Price spread, last 3 days (all we have)+0.226%+$23 · spread now −0.374%, 7d avg −0.173%
=Together, before fees+0.151%+ Points / potential airdropExtended: Active · farm board+$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.201% cheaper against Extended than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.173%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TECH100m-USD | 30,574.9 | 0.0032 | pay 0.0004% / 1h | 37m 44s | $2.2M | $5.6M | 20x |
| Short | Phemex NAS100USDT | 30,460.7 | 0 | get 0.0000% / 4h | 2h 37m | $1.4M | $172K | 10x |
Extended TECH100m-USD
Phemex NAS100USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Extended. 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
- −$6.72
- Price spread: −0.374% → −0.173%
- −$20.08
- Slippage, 4 orders
- −$56.25
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$100.04
- Costs to cover
- 0.732%
- Break-even
- never at this rate
Slippage from Extended: live order book, 1 min ago; Phemex: live order book, 5 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 Extended live order book, 1 min ago | 1.14 bp | 4.1 bp −$4 | 8.2 bp −$82 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 2.19 bp | 15.9 bp −$16 | 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 | −0.0215% | 8h | 30,561.4 | −0.044% | $102K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,549.2 | −0.084% | $1.8M | $3.7M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0093% | 8h | 30,575 | 0.000% | $23.8M | $19.7M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,562 | −0.042% | $261K | $353K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,548 | −0.088% | $3.5M | $620K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,573 | −0.006% | $3K | $89K | 10x | as long as short |
| Phemex NAS100USDTshort | 0.0000% | 4h | 30,460.7 | −0.374% | $1.4M | $172K | 10x | |
| QFEX US100-USD | +0.0001% | 1h | 30,573 | −0.006% | $1.4M | $1.1M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,568 | −0.022% | $3.9M | $93.2M | 30x | as long as short |
| Extended TECH100m-USDlong | +0.0032% | 1h | 30,574.9 | long leg | $2.2M | $5.6M | 20x |
Orderly PERP_NAS100_USDC
Gate NAS100_USDT
MEXC NAS100_USDT
OKX US100-USDT-SWAP
Bitget NDX100USDT
Bullet US100-USD
QFEX US100-USD
Lighter US100Show all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NDX-USD-PERP | +0.0046% | 1h | 30,858.9 | +0.929% | — | $193.1M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,567.9 | −0.023% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,573 | −0.006% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0214% | 1h | 30,591 | +0.053% | $6.0M | $8.6M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.2428% | 1h | 30,648.7 | +0.242% | $128K | $125K | 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