Funding you earn now, next payment 08:00 UTC+0.0200%/8h= +21.9% APRnext payment +$2.00 per $10,000 · paid last 24h +0.049%
Price spread now: OKX against Gate−0.029%7-day average +0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$730.726% of the position
Funding, last 7 days+0.236%+$24 on $10k
+Price spread, last 4 days (all we have)−0.117%−$12 · spread now −0.029%, 7d avg +0.100%
=Funding pays, the price is against you. OKX is 0.129% cheaper against Gate than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of +0.100%). If the spread goes back, that is −$13 on $10k: about 2.2 days of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate NAS100_USDT | 30,496.9 | −0.0200 | get 0.0200% / 8h | 3h 03m | $1.9M | $3.7M | 100x |
| Short | OKX US100-USDT-SWAP | 30,488 | 0 | get 0.0000% / 8h | 3h 03m | $262K | $375K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- $42
- Price spread: −0.029% → +0.100%
- −$12.91
- Slippage, 4 orders
- −$47.62
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$43.53
- Costs to cover
- 0.726%
- Break-even
- 14.3 days
Slippage from Gate: live order book, 4 min ago; OKX: live order book, 47 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 Gate live order book, 4 min ago | 0.50 bp | 29.2 bp −$29 | 107.0 bp −$1,070 | doesn't fit | doesn't fit |
| Sell OKX live order book, 47 min ago | 0.98 bp | 6.3 bp −$6 | 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 | −0.0212% | 8h | 30,505.5 | +0.028% | $102K | $38K | 20x | as long as short |
| Gate NAS100_USDTlong | −0.0200% | 8h | 30,496.9 | long leg | $1.9M | $3.7M | 100x | |
| MEXC NAS100_USDT | −0.0073% | 8h | 30,515 | +0.059% | $26.3M | $20.0M | 200x | as long as short |
| OKX US100-USDT-SWAPshort | 0.0000% | 8h | 30,488 | −0.029% | $262K | $375K | 20x | |
| Bitget NDX100USDT | 0.0000% | 8h | 30,531 | +0.112% | $3.5M | $635K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,513 | +0.053% | $4K | $90K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,496.9 | 0.000% | $1.4M | $190K | 10x | as long as short |
| QFEX US100-USD | +0.0002% | 1h | 30,516 | +0.063% | $1.3M | $1.3M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,510 | +0.043% | $3.8M | $99.3M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,513.1 | +0.053% | $2.0M | $5.8M | 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 | 30,811 | +1.030% | — | $202.9M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,508.9 | +0.039% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,518 | +0.069% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0123% | 1h | 30,525 | +0.092% | $6.0M | $8.4M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.2683% | 1h | 30,539.1 | +0.138% | $137K | $137K | 20x | as long as short |
Gate NAS100_USDT
OKX US100-USDT-SWAP
MEXC NAS100_USDT
Bitget NDX100USDT
Bullet US100-USD
Phemex NAS100USDT
Lighter US100
Extended TECH100m-USD
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Kraken Futures PF_US100USD