Funding you earn now, next payment 04:00 UTC−0.2765%/8h= −302.8% APRnext payment −$3.46 per $10,000 · paid last 24h −0.715%
Price spread now: Extended against Kraken Futures−0.068%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$331as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$560.562% of the position
Funding, last 7 days−2.748%−$275 on $10k
+Price spread, last 4 days (all we have)+0.926%+$93 · spread now −0.068%, 7d avg −0.044%
=Together, before fees−1.822%+ Points / potential airdropExtended: Active · farm board−$182 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$83 a day on $10k at the current rate, and Extended is 0.024% cheaper against Kraken Futures than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.044%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_US100USD | 30,601.1 | 0.2797 | pay 0.0350% / 1h | 7m 43s | $131K | $129K | 20x |
| Short | Extended TECH100m-USD | 30,580.2 | 0.0032 | get 0.0004% / 1h | 7m 43s | $2.0M | $5.7M | 20x |
Kraken Futures PF_US100USD
Extended TECH100m-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$580.72
- Price spread: −0.068% → −0.044%
- −$2.4
- Slippage, 4 orders
- −$41.21
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$639.33
- Costs to cover
- 0.562%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 50 min ago; Extended: 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 Kraken Futures live order book, 50 min ago | 4.57 bp | 14.6 bp −$15 | 48.8 bp −$488 | doesn't fit | doesn't fit |
| Sell Extended live order book, 1 min ago | 0.82 bp | 3.8 bp −$4 | 8.4 bp −$84 | 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 | 30,567.2 | −0.111% | $102K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,544.7 | −0.184% | $1.9M | $3.7M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0106% | 8h | 30,579 | −0.072% | $24.8M | $19.8M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,550 | −0.167% | $263K | $380K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,558 | −0.141% | $3.5M | $633K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,578 | −0.075% | $2K | $89K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,538.8 | −0.204% | $1.4M | $183K | 10x | as long as short |
| QFEX US100-USD | +0.0001% | 1h | 30,577 | −0.079% | $1.3M | $1.4M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,574 | −0.089% | $3.8M | $96.6M | 30x | as long as short |
| Extended TECH100m-USDshort | +0.0032% | 1h | 30,580.2 | −0.068% | $2.0M | $5.7M | 20x |
Orderly PERP_NAS100_USDC
Gate NAS100_USDT
MEXC NAS100_USDT
OKX US100-USDT-SWAP
Bitget NDX100USDT
Bullet US100-USD
Phemex NAS100USDT
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 | 30,865.4 | +0.864% | — | $199.4M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,572.9 | −0.092% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,577 | −0.079% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0118% | 1h | 30,595 | −0.020% | $6.0M | $8.5M | 25x | as long as short |
| Kraken Futures PF_US100USDlong | +0.2797% | 1h | 30,601.1 | long leg | $131K | $129K | 20x |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P