Funding you earn now, next payment 05:00 UTC−0.2681%/8h= −293.5% APRnext payment −$3.35 per $10,000 · paid last 24h −0.704%
Price spread now: Bullet against Kraken Futures−0.100%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$80 a day on $10k at the current rate, and Bullet is 0.100% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_US100USD | 30,567.8 | 0.2681 | pay 0.0335% / 1h | 37m 57s | $137K | $136K | 20x |
| Short | Bullet US100-USD | 30,537.4 | 0 | get 0.0000% / 1h | 37m 57s | $4K | $90K | 10x |
Kraken Futures PF_US100USD
Bullet US100-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Kraken Futures. 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
- −$562.93
- Price spread: −0.100% → 0.000%
- −$9.97
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$590.89
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 14 min ago; Bullet: no order-book sample. Net counts fees only.
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 Kraken Futures live order book, 14 min ago | 22.89 bp | 29.2 bp −$29 | 48.7 bp −$487 | doesn't fit | doesn't fit |
| Sell Bullet no order-book sample | — | — | — | — | — |
Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 30,523.3 | −0.146% | $102K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,504.4 | −0.208% | $1.9M | $3.7M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0076% | 8h | 30,531 | −0.121% | $26.2M | $19.8M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,512 | −0.183% | $263K | $374K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,558 | −0.032% | $3.5M | $633K | 50x | as long as short |
| Bullet US100-USDshort | 0.0000% | 1h | 30,537.4 | −0.100% | $4K | $90K | 10x | |
| Phemex NAS100USDT | 0.0000% | 4h | 30,507.4 | −0.198% | $1.4M | $184K | 10x | as long as short |
| QFEX US100-USD | +0.0002% | 1h | 30,533 | −0.114% | $1.3M | $1.4M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,530 | −0.124% | $3.9M | $97.0M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,533 | −0.114% | $2.0M | $5.8M | 20x | as long as short |
Orderly PERP_NAS100_USDC
Gate NAS100_USDT
MEXC NAS100_USDT
OKX US100-USDT-SWAP
Bitget NDX100USDT
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 | 30,826.6 | +0.847% | — | $202.9M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,528.9 | −0.128% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,537 | −0.101% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0113% | 1h | 30,549.1 | −0.061% | $6.0M | $8.4M | 25x | as long as short |
| Kraken Futures PF_US100USDlong | +0.2681% | 1h | 30,567.8 | long leg | $137K | $136K | 20x |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P