Funding you earn now, next payment 10:00 UTC+0.0810%/8h= +88.7% APRpaid last 24h +0.594%
Price spread now: Kraken Futures against Bitget−0.242%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs+$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$960.957% of the position
Funding, last 7 days+2.596%+$260 on $10k
+Price spread, last 4 days (all we have)−0.532%−$53 · spread now −0.242%, 7d avg +0.004%
=Funding pays, the price is against you. Kraken Futures is 0.246% cheaper against Bitget than usual: you would sell low and buy high (spread −0.242% now, against its 7-day average of +0.004%). If the spread goes back, that is −$25 on $10k: about 24 hours of funding at the current rate (+$24 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget NDX100USDT | 30,514 | 0 | get 0.0000% / 8h | 6h 56m | $3.5M | $555K | 50x |
| Short | Kraken Futures PF_US100USD | 30,440.3 | 0.0810 | get 0.0101% / 1h | 56m 18s | $141K | $128K | 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
- $170.02
- Price spread: −0.242% → +0.004%
- −$24.58
- Slippage, 4 orders
- −$73.74
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $49.7
- Costs to cover
- 0.957%
- Break-even
- 5.0 days
Slippage from Bitget: live order book, 1 min ago; Kraken Futures: live order book, 36 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, 1 min ago | 2.46 bp | 21.9 bp −$22 | 23.1 bp −$231 | 30.0 bp −$2,995 | doesn't fit |
| Sell Kraken Futures live order book, 36 min ago | 6.41 bp | 25.5 bp −$25 | 85.8 bp −$858 | 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 | −0.0281% | 8h | 30,472.5 | −0.136% | $100K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,443.5 | −0.231% | $1.8M | $2.5M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0072% | 8h | 30,484 | −0.098% | $21.2M | $22.1M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,454 | −0.197% | $266K | $389K | 20x | as long as short |
| Bitget NDX100USDTlong | 0.0000% | 8h | 30,514 | long leg | $3.5M | $555K | 50x | |
| Bullet US100-USD | 0.0000% | 1h | 30,485.1 | −0.095% | $3K | $90K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,443.5 | −0.231% | $1.4M | $196K | 10x | as long as short |
| QFEX US100-USD | +0.0003% | 1h | 30,484 | −0.098% | $1.2M | $1.5M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,478 | −0.118% | $3.7M | $95.2M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,483.3 | −0.101% | $1.9M | $5.3M | 20x | 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 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 | 30,776 | +0.859% | — | $210.0M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,479.2 | −0.114% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,486 | −0.092% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0050% | 1h | 30,486.4 | −0.090% | $6.0M | $9.7M | 25x | as long as short |
| Kraken Futures PF_US100USDshort | +0.0810% | 1h | 30,440.3 | −0.242% | $141K | $128K | 20x |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P