Funding you earn now, next payment 03:00 UTC+0.2807%/8h= +307.3% APRnext payment +$3.51 per $10,000 · paid last 24h +0.713%
Price spread now: Kraken Futures against QFEX+0.260%7-day average +0.046% · 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−$37as in the Price arb table
costs, in and out, $10k−$580.583% of the position
Funding, last 4 days (all we have)+0.451%+$45 on $10k
+Price spread, last 4 days (all we have)−0.903%−$90 · spread now +0.260%, 7d avg +0.046%
=Both sides work for this trade now. Funding pays +$84 a day on $10k at the current rate, and Kraken Futures is 0.214% dearer against QFEX than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.046%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.451% in total (about 46.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX US100-USD | 30,565 | 0.0004 | pay 0.0000% / 1h | 24m 11s | $1.3M | $1.1M | 30x |
| Short | Kraken Futures PF_US100USD | 30,644.5 | 0.2811 | get 0.0351% / 1h | 24m 11s | $131K | $127K | 20x |
QFEX US100-USD
Kraken Futures PF_US100USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against QFEX. 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
- $589.4
- Price spread: +0.260% → +0.046%
- $21.43
- Slippage, 4 orders
- −$38.27
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $552.57
- Costs to cover
- 0.583%
- Break-even
- 0.4 days
Slippage from QFEX: live order book, 2 min ago; Kraken Futures: live order book, 38 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 QFEX live order book, 2 min ago | 0.98 bp | 6.0 bp −$6 | 6.0 bp −$60 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 38 min ago | 4.57 bp | 30.7 bp −$31 | 86.3 bp −$863 | 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 | −0.0212% | 8h | 30,554.9 | −0.033% | $102K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,548.1 | −0.055% | $1.9M | $3.7M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0089% | 8h | 30,567 | +0.007% | $24.2M | $19.5M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,549 | −0.052% | $263K | $379K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,551 | −0.046% | $3.5M | $621K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,568 | +0.010% | $3K | $89K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,543.5 | −0.070% | $1.4M | $175K | 10x | as long as short |
| QFEX US100-USDlong | +0.0004% | 1h | 30,565 | long leg | $1.3M | $1.1M | 30x | |
| Lighter US100 | +0.0032% | 1h | 30,563 | −0.007% | $3.9M | $95.4M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,568.8 | +0.013% | $2.2M | $5.3M | 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
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 | 30,860.9 | +0.968% | — | $194.4M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,561.9 | −0.010% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,567 | +0.007% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0130% | 1h | 30,580 | +0.049% | $6.0M | $8.5M | 25x | as long as short |
| Kraken Futures PF_US100USDshort | +0.2811% | 1h | 30,644.5 | +0.260% | $131K | $127K | 20x |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P