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+0.055%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$530.532% of the position
Funding, last 7 days+0.236%+$24 on $10k
+Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.055%, 7d avg +0.097%
=Funding pays, the price is against you. OKX is 0.042% cheaper against Gate than usual: you would sell low and buy high (spread +0.055% now, against its 7-day average of +0.097%). If the spread goes back, that is −$4 on $10k: about 17 hours 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 | 30,428.3 | −0.0200 | get 0.0200% / 8h | 34m 38s | $2.0M | $3.3M | 100x |
| Short | OKX US100-USDT-SWAP | 30,445 | 0 | get 0.0000% / 8h | 34m 38s | $269K | $381K | 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: +0.055% → +0.097%
- −$4.2
- Slippage, 4 orders
- −$28.22
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$15.41
- Costs to cover
- 0.532%
- Break-even
- 9.6 days
Slippage from Gate: live order book, 3 min ago; OKX: live order book, 1 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, 3 min ago | 4.05 bp | 18.4 bp −$18 | 52.0 bp −$520 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.16 bp | 5.2 bp −$5 | 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 | −0.0282% | 8h | 30,458.3 | +0.099% | $101K | $38K | 20x | as long as short |
| Gate NAS100_USDTlong | −0.0200% | 8h | 30,428.3 | long leg | $2.0M | $3.3M | 100x | |
| MEXC NAS100_USDT | −0.0073% | 8h | 30,474 | +0.150% | $23.9M | $20.6M | 200x | as long as short |
| OKX US100-USDT-SWAPshort | 0.0000% | 8h | 30,445 | +0.055% | $269K | $381K | 20x | |
| Bitget NDX100USDT | 0.0000% | 8h | 30,490 | +0.203% | $3.5M | $630K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,467.8 | +0.130% | $3K | $91K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,427.8 | −0.002% | $1.4M | $195K | 10x | as long as short |
| QFEX US100-USD | 0.0000% | 1h | 30,475 | +0.153% | $1.3M | $1.4M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,469 | +0.134% | $4.0M | $95.4M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,477 | +0.160% | $2.0M | $5.9M | 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 | 30,763.5 | +1.102% | — | $203.2M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,469.8 | +0.136% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,467 | +0.127% | $7.2M | $2.0M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0050% | 1h | 30,473.2 | +0.147% | $6.0M | $9.0M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.1161% | 1h | 30,467.4 | +0.128% | $141K | $128K | 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