Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h —
Price spread now: Phemex against Paradex−0.192%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 −$1 a day on $10k at the current rate, and Phemex is 0.192% cheaper against Paradex than usual: you would sell low and buy high (−$19 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 | Paradex US100-USD-PERP | 30,524.9 | 0.0050 | pay 0.0050% / 8h | 2h 10m | — | — | 5x |
| Short | Phemex NAS100USDT | 30,466.2 | 0 | get 0.0000% / 4h | 2h 10m | $1.4M | $192K | 10x |
Paradex US100-USD-PERP
Phemex NAS100USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Paradex. 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
- −$10.5
- Price spread: −0.192% → 0.000%
- −$19.22
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$45.72
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Phemex: live order book, 3 min ago. 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 3 min ago | 6.64 bp | 20.1 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0262% | 8h | 30,523.8 | −0.003% | $102K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,471.2 | −0.176% | $1.9M | $3.6M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0076% | 8h | 30,539 | +0.046% | $24.3M | $20.5M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,463 | −0.203% | $262K | $372K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,515 | −0.032% | $3.5M | $636K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,530 | +0.017% | $3K | $90K | 10x | as long as short |
| Phemex NAS100USDTshort | 0.0000% | 4h | 30,466.2 | −0.192% | $1.4M | $192K | 10x | |
| QFEX US100-USD | +0.0002% | 1h | 30,529 | +0.014% | $1.3M | $1.3M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,533 | +0.027% | $4.0M | $98.0M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,536.6 | +0.038% | $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
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 | 30,824.4 | +0.981% | — | $203.1M | 50x | as long as short |
| Paradex US100-USD-PERPlong | +0.0050% | 8h | 30,524.9 | long leg | — | — | 5x | |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,531 | +0.020% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0098% | 1h | 30,535.9 | +0.036% | $6.1M | $8.6M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.1694% | 1h | 30,511.3 | −0.045% | $137K | $137K | 20x | as long as short |
Vest NDX-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P
Kraken Futures PF_US100USD