Funding you earn now, next payment 02:00 UTC−0.2628%/8h= −287.8% APRpaid last 24h −0.713%
Price spread now: Gate against Kraken Futures−0.391%7-day average −0.140% · you buy dearer than you sell
Net, funding: paid 7d − costs−$391as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$930.934% of the position
Funding, last 7 days−2.976%−$298 on $10k
+Price spread, last 3 days (all we have)+0.710%+$71 · spread now −0.391%, 7d avg −0.140%
=Both sides work against this trade now: funding costs −$79 a day on $10k at the current rate, and Gate is 0.251% cheaper against Kraken Futures than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.140%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_US100USD | 30,644.8 | 0.2428 | pay 0.0304% / 1h | 57m 31s | $127K | $125K | 20x |
| Short | Gate NAS100_USDT | 30,525.1 | −0.0200 | pay 0.0200% / 8h | 6h 57m | $1.8M | $3.6M | 100x |
Kraken Futures PF_US100USD
Gate NAS100_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$551.9
- Price spread: −0.391% → −0.140%
- −$25.08
- Slippage, 4 orders
- −$68.39
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$670.37
- Costs to cover
- 0.934%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 10 min ago; Gate: live order book, 6 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, 10 min ago | 5.06 bp | 21.3 bp −$21 | 54.7 bp −$547 | doesn't fit | doesn't fit |
| Sell Gate live order book, 6 min ago | 10.01 bp | 17.5 bp −$18 | 39.4 bp −$394 | 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 | −0.0214% | 8h | 30,581.8 | −0.206% | $102K | $38K | 20x | as long as short |
| Gate NAS100_USDTshort | −0.0200% | 8h | 30,525.1 | −0.391% | $1.8M | $3.6M | 100x | |
| MEXC NAS100_USDT | −0.0099% | 8h | 30,592 | −0.172% | $23.9M | $19.6M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,555 | −0.293% | $261K | $353K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,555 | −0.293% | $3.5M | $619K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,594 | −0.166% | $3K | $90K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,471.2 | −0.567% | $1.4M | $171K | 10x | as long as short |
| QFEX US100-USD | +0.0001% | 1h | 30,591 | −0.176% | $1.4M | $1.0M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,587 | −0.189% | $3.9M | $91.5M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,590.1 | −0.179% | $2.2M | $5.6M | 20x | as long as short |
Orderly PERP_NAS100_USDC
MEXC NAS100_USDT
OKX US100-USDT-SWAP
Bitget NDX100USDT
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 | 30,871.9 | +0.741% | — | $194.5M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,583.9 | −0.199% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,589 | −0.182% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0198% | 1h | 30,620 | −0.081% | $6.0M | $8.7M | 25x | as long as short |
| Kraken Futures PF_US100USDlong | +0.2428% | 1h | 30,644.8 | long leg | $127K | $125K | 20x |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P