Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.2680%/8h= +293.5% APRpaid last 24h +0.704%

Price spread now: Kraken Futures against Bitget+0.042%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs+$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$890.892% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.675%+$268 on $10k

Price spread, last 4 days (all we have)−1.003%−$100 · spread now +0.042%, 7d avg +0.006%

Together, before fees+1.673%+$167 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$80 a day on $10k at the current rate, and Kraken Futures is 0.037% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NDX100USDT	30,561	0	get 0.0000% / 8h	3h 47m	$3.5M	$633K	50x
Short	Kraken Futures PF_US100USD	30,574	0.2680	get 0.0335% / 1h	47m 40s	$137K	$136K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.042%Rate

Funding earned: $562.81
Price spread: +0.042% → +0.006%: $3.67
Slippage, 4 orders: −$67.21
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $477.27
Costs to cover: 0.892%
Break-even: 1.1 days

Slippage from Bitget: live order book, 5 min ago; Kraken Futures: live order book, 5 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 Bitget live order book, 5 min ago	2.13 bp	17.1 bp −$17	39.7 bp −$397	46.9 bp −$4,686	doesn't fit
Sell Kraken Futures live order book, 5 min ago	22.89 bp	28.2 bp −$28	74.2 bp −$742	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	−0.0213%	8h	30,546.2	−0.048%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,524.3	−0.120%	$1.9M	$3.7M	100x	as long as short
MEXC NAS100_USDT	−0.0067%	8h	30,559	−0.007%	$25.5M	$19.7M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,512	−0.160%	$263K	$374K	20x	as long as short
Bitget NDX100USDTlong	0.0000%	8h	30,561	long leg	$3.5M	$633K	50x
Bullet US100-USD	0.0000%	1h	30,554	−0.023%	$2K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,518	−0.141%	$1.4M	$182K	10x	as long as short
QFEX US100-USD	+0.0002%	1h	30,555	−0.020%	$1.3M	$1.5M	30x	as long as short
Lighter US100	+0.0032%	1h	30,555	−0.020%	$3.8M	$96.5M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,556.2	−0.016%	$2.0M	$5.8M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NDX-USD-PERP	+0.0046%	1h	30,847.3	+0.937%	—	$201.8M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,556.9	−0.014%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,558	−0.010%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0114%	1h	30,568.9	+0.026%	$6.0M	$8.4M	25x	as long as short
Kraken Futures PF_US100USDshort	+0.2680%	1h	30,574	+0.042%	$137K	$136K	20x