Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h −0.049%

Price spread now: Gate against Bullet−0.026%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bullet Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.026% cheaper against Bullet than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet US100-USD	30,576.9	0	get 0.0000% / 1h	42m 56s	$3K	$89K	10x
Short	Gate NAS100_USDT	30,569	−0.0200	pay 0.0200% / 8h	6h 42m	$1.8M	$3.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bullet. 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 BulletbpFee GatebpOrdersPrice spread, now −0.026%Rate

Funding earned: −$42
Price spread: −0.026% → 0.000%: −$2.58
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$67.58
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; Gate: live order book, 5 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 Bullet no order-book sample	—	—	—	—	—
Sell Gate live order book, 5 min ago	6.06 bp	19.7 bp −$20	46.6 bp −$466	doesn't fit	doesn't fit

Bullet: 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	−0.0215%	8h	30,563.6	−0.043%	$102K	$38K	20x	as long as short
Gate NAS100_USDTshort	−0.0200%	8h	30,569	−0.026%	$1.8M	$3.6M	100x
MEXC NAS100_USDT	−0.0097%	8h	30,574	−0.009%	$23.7M	$19.7M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,562	−0.049%	$261K	$353K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,548	−0.094%	$3.5M	$620K	50x	as long as short
Bullet US100-USDlong	0.0000%	1h	30,576.9	long leg	$3K	$89K	10x
Phemex NAS100USDT	0.0000%	4h	30,483.3	−0.306%	$1.4M	$172K	10x	as long as short
QFEX US100-USD	+0.0001%	1h	30,576	−0.003%	$1.4M	$1.1M	30x	as long as short
Lighter US100	+0.0032%	1h	30,570	−0.022%	$3.9M	$92.7M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,572.1	−0.016%	$2.2M	$5.6M	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	30,859.4	+0.924%	—	$194.1M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,570.9	−0.020%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,575	−0.006%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0206%	1h	30,595.1	+0.060%	$6.0M	$8.7M	25x	as long as short
Kraken Futures PF_US100USD	+0.2428%	1h	30,651.6	+0.244%	$128K	$125K	20x	as long as short