Settings8H · net · $10k
Funding arb · Price arb /

NAS100

RWAall NAS100 markets
SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
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%
Together, before fees−2.241%−$224 on $10k · with fees, hour by hour
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_US100USD30,4950.1160pay 0.0145% / 1h57m 22s$141K$141K20x
ShortPhemex NAS100USDT30,424.30get 0.0000% / 4h57m 22s$1.4M$193K10x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 45 min ago19.18 bp28.3 bp −$2866.0 bp −$660doesn't fitdoesn't fit
Sell Phemex live order book, just now12.04 bp24.9 bp −$25doesn't fitdoesn't fitdoesn't fit

NAS100 on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_NAS100_USDC−0.0282%8h30,459.4−0.117%$101K$38K20xas long as short
Gate NAS100_USDT−0.0200%8h30,415.6−0.260%$2.0M$3.3M100xas long as short
MEXC NAS100_USDT−0.0068%8h30,468−0.088%$24.1M$20.6M200xas long as short
OKX US100-USDT-SWAP0.0000%8h30,440−0.180%$264K$375K20xas long as short
Bitget NDX100USDT0.0000%8h30,489−0.020%$3.5M$631K50xas long as short
Bullet US100-USD0.0000%1h30,471.1−0.078%$4K$91K10xas long as short
Phemex NAS100USDTshort0.0000%4h30,424.3−0.232%$1.4M$193K10x
QFEX US100-USD0.0000%1h30,467−0.092%$1.3M$1.3M30xas long as short
Lighter US100+0.0032%1h30,468−0.088%$3.9M$93.4M30xas long as short
Extended TECH100m-USD+0.0032%1h30,473.7−0.070%$2.0M$5.9M20xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest NDX-USD-PERP+0.0046%1h30,766.3+0.890%$203.2M50xas long as short
Paradex US100-USD-PERP+0.0050%8h30,465.6−0.096%5xas long as short
Polymarket Perps NAS100-USD+0.0050%1h30,468−0.088%$7.2M$2.0M50xas long as short
Ondo Perps US100-USD.P+0.0050%1h30,471.3−0.078%$6.0M$8.9M25xas long as short
Kraken Futures PF_US100USDlong+0.1160%1h30,495long leg$141K$141K20x