Funding you earn now, next payment 08:00 UTC−0.1160%/8h= −127.0% APRpaid last 24h −0.664%
Price spread now: Phemex against Kraken Futures−0.232%7-day average −0.217% · you buy dearer than you sell
Net, funding: paid 7d − costs−$386as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1061.063% of the position
Funding, last 7 days−2.800%−$280 on $10k
+Price spread, last 4 days (all we have)+0.559%+$56 · spread now −0.232%, 7d avg −0.217%
=The price spread sits at its 7-day average of −0.217%, so right now this pair is about funding alone: −$35 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_US100USD | 30,495 | 0.1160 | pay 0.0145% / 1h | 57m 22s | $141K | $141K | 20x |
| Short | Phemex NAS100USDT | 30,424.3 | 0 | get 0.0000% / 4h | 57m 22s | $1.4M | $193K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$243.64
- Price spread: −0.232% → −0.217%
- −$1.51
- Slippage, 4 orders
- −$84.32
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$351.47
- Costs to cover
- 1.063%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 45 min ago; Phemex: live order book, just now.
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, 45 min ago | 19.18 bp | 28.3 bp −$28 | 66.0 bp −$660 | doesn't fit | doesn't fit |
| Sell Phemex live order book, just now | 12.04 bp | 24.9 bp −$25 | 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 | 30,459.4 | −0.117% | $101K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,415.6 | −0.260% | $2.0M | $3.3M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0068% | 8h | 30,468 | −0.088% | $24.1M | $20.6M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,440 | −0.180% | $264K | $375K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,489 | −0.020% | $3.5M | $631K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,471.1 | −0.078% | $4K | $91K | 10x | as long as short |
| Phemex NAS100USDTshort | 0.0000% | 4h | 30,424.3 | −0.232% | $1.4M | $193K | 10x | |
| QFEX US100-USD | 0.0000% | 1h | 30,467 | −0.092% | $1.3M | $1.3M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,468 | −0.088% | $3.9M | $93.4M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,473.7 | −0.070% | $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 | 30,766.3 | +0.890% | — | $203.2M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,465.6 | −0.096% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,468 | −0.088% | $7.2M | $2.0M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0050% | 1h | 30,471.3 | −0.078% | $6.0M | $8.9M | 25x | as long as short |
| Kraken Futures PF_US100USDlong | +0.1160% | 1h | 30,495 | long leg | $141K | $141K | 20x |
Kraken Futures PF_US100USD
Phemex NAS100USDT
Gate NAS100_USDT
MEXC NAS100_USDT
OKX US100-USDT-SWAP
Bitget NDX100USDT
Bullet US100-USD
Lighter US100
Extended TECH100m-USD
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD