Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.001%

Price spread now: QFEX against Bitget−0.039%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$600.596% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.026%−$3 on $10k

Price spread, last 7 days−0.020%−$2 · spread now −0.039%, 7d avg −0.080%

Together, before fees−0.046%−$5 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: QFEX is 0.040% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NDX100USDT	30,526	0	get 0.0000% / 8h	2h 51m	$3.5M	$635K	50x
Short	QFEX US100-USD	30,514	0.0002	get 0.0000% / 1h	51m 07s	$1.3M	$1.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0.45
Price spread: −0.039% → −0.080%: $4.02
Slippage, 4 orders: −$37.64
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$55.17
Costs to cover: 0.596%
Break-even: 858.4 days

Slippage from Bitget: live order book, 2 min ago; QFEX: 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, 2 min ago	4.92 bp	28.8 bp −$29	33.4 bp −$334	48.3 bp −$4,827	doesn't fit
Sell QFEX live order book, 5 min ago	1.31 bp	9.5 bp −$9	9.9 bp −$99	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	−0.0220%	8h	30,503.9	−0.072%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,492	−0.111%	$1.9M	$3.6M	100x	as long as short
MEXC NAS100_USDT	−0.0076%	8h	30,511	−0.049%	$26.4M	$20.1M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,488	−0.124%	$262K	$374K	20x	as long as short
Bitget NDX100USDTlong	0.0000%	8h	30,526	long leg	$3.5M	$635K	50x
Bullet US100-USD	0.0000%	1h	30,513	−0.043%	$3K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,489.5	−0.120%	$1.4M	$191K	10x	as long as short
QFEX US100-USDshort	+0.0002%	1h	30,514	−0.039%	$1.3M	$1.3M	30x
Lighter US100	+0.0032%	1h	30,507	−0.062%	$3.8M	$95.2M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,513.1	−0.042%	$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	30,806.9	+0.920%	—	$203.0M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,505.9	−0.066%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,514	−0.039%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0094%	1h	30,523	−0.010%	$6.0M	$8.4M	25x	as long as short
Kraken Futures PF_US100USD	+0.1693%	1h	30,533.9	+0.026%	$137K	$137K	20x	as long as short