Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.009%
Price spread now: QFEX against Lighter+0.007%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$160.165% of the position
Funding, last 4 days (all we have)+0.230%+$23 on $10k
+Price spread, last 7 days+0.005%+$1 · spread now +0.007%, 7d avg +0.007%
=Together, before fees+0.236%+ Points / potential airdropLighter: Season 3 · farm board+$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.230%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter US100 | 30,465 | 0.0032 | pay 0.0004% / 1h | 32m 03s | $4.0M | $95.5M | 30x |
| Short | QFEX US100-USD | 30,467 | 0.0000 | get 0.0000% / 1h | 32m 03s | $1.3M | $1.4M | 30x |
Lighter US100
QFEX US100-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Lighter. 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
- −$6.7
- Price spread: +0.007% → +0.007%
- −$0.01
- Slippage, 4 orders
- −$6.49
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$23.2
- Costs to cover
- 0.165%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; QFEX: live order book, 4 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 Lighter live order book, 7 min ago | 0.49 bp | 0.5 bp $0 | 0.5 bp −$5 | 5.1 bp −$505 | 217.4 bp −$108.7K |
| Sell QFEX live order book, 4 min ago | 0.66 bp | 8.3 bp −$8 | 8.7 bp −$87 | 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 | 30,458.3 | −0.022% | $101K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,426.1 | −0.128% | $2.0M | $3.3M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0070% | 8h | 30,472 | +0.023% | $23.8M | $20.6M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,445 | −0.066% | $265K | $386K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,488 | +0.075% | $3.5M | $630K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,467.5 | +0.008% | $3K | $91K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,415.4 | −0.163% | $1.4M | $195K | 10x | as long as short |
| QFEX US100-USDshort | 0.0000% | 1h | 30,467 | +0.007% | $1.3M | $1.4M | 30x | |
| Lighter US100long | +0.0032% | 1h | 30,465 | long leg | $4.0M | $95.5M | 30x | |
| Extended TECH100m-USD | +0.0032% | 1h | 30,471.2 | +0.020% | $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
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 | 30,762.9 | +0.978% | — | $203.2M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,464.8 | −0.001% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,468 | +0.010% | $7.2M | $2.0M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0050% | 1h | 30,468.8 | +0.012% | $6.0M | $9.0M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.1161% | 1h | 30,467.8 | +0.009% | $141K | $128K | 20x | as long as short |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P
Kraken Futures PF_US100USD