Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against Bitget−0.162%7-day average −0.219% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$820.822% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

Price spread, last 3 days (all we have)−0.031%−$3 · spread now −0.162%, 7d avg −0.219%

Together, before fees−0.181%−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.057% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.219%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NDX100USDT	30,537	0	get 0.0000% / 8h	7h 54m	$3.5M	$669K	50x
Short	Phemex NAS100USDT	30,487.4	0	get 0.0000% / 4h	3h 54m	$1.4M	$174K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.162%Rate

Funding earned: $0
Price spread: −0.162% → −0.219%: $5.69
Slippage, 4 orders: −$58.2
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$76.51
Costs to cover: 0.822%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Phemex: live order book, 3 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, 3 min ago	2.62 bp	15.2 bp −$15	27.7 bp −$277	33.8 bp −$3,384	doesn't fit
Sell Phemex live order book, 3 min ago	1.54 bp	17.4 bp −$17	doesn't fit	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	−0.0216%	8h	30,547.8	+0.035%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,508.5	−0.093%	$1.8M	$3.6M	100x	as long as short
MEXC NAS100_USDT	−0.0104%	8h	30,561	+0.079%	$22.6M	$19.3M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,525	−0.039%	$261K	$358K	20x	as long as short
Bitget NDX100USDTlong	0.0000%	8h	30,537	long leg	$3.5M	$669K	50x
Bullet US100-USD	0.0000%	1h	30,560.5	+0.077%	$3K	$90K	10x	as long as short
Phemex NAS100USDTshort	0.0000%	4h	30,487.4	−0.162%	$1.4M	$174K	10x
QFEX US100-USD	+0.0002%	1h	30,561	+0.079%	$1.4M	$975K	30x	as long as short
Lighter US100	+0.0032%	1h	30,555	+0.059%	$3.9M	$92.0M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,562.7	+0.084%	$2.1M	$5.5M	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	30,844.9	+1.008%	—	$194.1M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,556.9	+0.065%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,560	+0.075%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0194%	1h	30,575.1	+0.125%	$6.0M	$8.8M	25x	as long as short
Kraken Futures PF_US100USD	+0.2935%	1h	30,620.9	+0.275%	$124K	$122K	20x	as long as short