Funding you earn now, next payment 07:00 UTC−0.1098%/8h= −120.2% APRpaid last 24h —
Price spread now: Paradex against Kraken Futures−0.073%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and Paradex is 0.073% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 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 | 30,495.1 | 0.1148 | pay 0.0144% / 1h | 24m 08s | $137K | $137K | 20x |
| Short | Paradex US100-USD-PERP | 30,472.9 | 0.0050 | get 0.0050% / 8h | 1h 24m | — | — | 5x |
Kraken Futures PF_US100USD
Paradex US100-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$230.6
- Price spread: −0.073% → 0.000%
- −$7.29
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$251.89
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 18 min ago; Paradex: 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, 18 min ago | 19.18 bp | 28.3 bp −$28 | 66.0 bp −$660 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 | −0.0282% | 8h | 30,467.1 | −0.092% | $101K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,429 | −0.217% | $2.0M | $3.6M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0065% | 8h | 30,480 | −0.050% | $24.5M | $20.5M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,445 | −0.164% | $263K | $374K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,493 | −0.007% | $3.5M | $603K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,476 | −0.063% | $4K | $91K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,415.3 | −0.262% | $1.4M | $192K | 10x | as long as short |
| QFEX US100-USD | +0.0001% | 1h | 30,476 | −0.063% | $1.3M | $1.3M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,478 | −0.056% | $3.9M | $98.0M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,484.9 | −0.034% | $2.0M | $5.9M | 20x | as long as short |
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 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 | 30,776.4 | +0.922% | — | $202.8M | 50x | as long as short |
| Paradex US100-USD-PERPshort | +0.0050% | 8h | 30,472.9 | −0.073% | — | — | 5x | |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,480 | −0.050% | $7.2M | $2.0M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0050% | 1h | 30,477.3 | −0.059% | $6.0M | $8.8M | 25x | as long as short |
| Kraken Futures PF_US100USDlong | +0.1148% | 1h | 30,495.1 | long leg | $137K | $137K | 20x |
Vest NDX-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P