Funding you earn now, next payment 04:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%
Price spread now: Phemex against Vest−1.141%7-day average −1.231% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)+0.102%+$10 · spread now −1.141%, 7d avg −1.231%
=Together, before fees+0.056%+ Points / potential airdropVest: Active · farm board+$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.089% dearer against Vest than usual: you sell high and buy low (spread −1.141% now, against its 7-day average of −1.231%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest NDX-USD-PERP | 30,875.9 | 0.0046 | pay 0.0006% / 1h | 34m 20s | — | $198.1M | 50x |
| Short | Phemex NAS100USDT | 30,523.5 | 0 | get 0.0000% / 4h | 34m 20s | $1.4M | $184K | 10x |
Vest NDX-USD-PERP
Phemex NAS100USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Vest. 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
- −$9.59
- Price spread: −1.141% → −1.231%
- $8.94
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$14.65
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Vest: 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 Vest no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 3 min ago | 10.21 bp | 30.4 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
Vest: 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 | −0.0212% | 8h | 30,574.2 | −0.977% | $102K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,528.1 | −1.126% | $1.9M | $3.7M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0100% | 8h | 30,587 | −0.936% | $24.8M | $19.7M | 200x | as long as short |
| OKX US100-USDT-SWAP | 0.0000% | 8h | 30,555 | −1.039% | $262K | $381K | 20x | as long as short |
| Bitget NDX100USDT | 0.0000% | 8h | 30,556 | −1.036% | $3.5M | $633K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,587 | −0.936% | $3K | $89K | 10x | as long as short |
| Phemex NAS100USDTshort | 0.0000% | 4h | 30,523.5 | −1.141% | $1.4M | $184K | 10x | |
| QFEX US100-USD | +0.0001% | 1h | 30,587 | −0.936% | $1.3M | $1.3M | 30x | as long as short |
| Lighter US100 | +0.0032% | 1h | 30,582 | −0.952% | $3.9M | $95.4M | 30x | as long as short |
| Extended TECH100m-USD | +0.0032% | 1h | 30,587.3 | −0.935% | $2.0M | $5.7M | 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-PERPlong | +0.0046% | 1h | 30,875.9 | long leg | — | $198.1M | 50x | |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,578.9 | −0.962% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,586 | −0.939% | $7.2M | $1.9M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0129% | 1h | 30,604.2 | −0.880% | $6.0M | $8.5M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.2793% | 1h | 30,653.8 | −0.719% | $131K | $127K | 20x | as long as short |
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P
Kraken Futures PF_US100USD