Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h —

Price spread now: Paradex against Bullet−0.021%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 Paradex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.021% cheaper against Bullet than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 34 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet US100-USD	30,569.4	0	get 0.0000% / 1h	27m 55s	$3K	$89K	10x
Short	Paradex US100-USD-PERP	30,562.9	0.0050	get 0.0050% / 8h	5h 27m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.021%Rate

Funding earned: $10.5
Price spread: −0.021% → 0.000%: −$2.12
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$3.62
Costs to cover: 0.120%
Break-even: 9.4 days

Slippage unknown: Bullet: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

Bullet and Paradex: 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	30,555.2	−0.046%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,548.2	−0.069%	$1.9M	$3.7M	100x	as long as short
MEXC NAS100_USDT	−0.0091%	8h	30,568	−0.004%	$24.2M	$19.5M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,549	−0.067%	$263K	$380K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,547	−0.073%	$3.5M	$621K	50x	as long as short
Bullet US100-USDlong	0.0000%	1h	30,569.4	long leg	$3K	$89K	10x
Phemex NAS100USDT	0.0000%	4h	30,548.2	−0.069%	$1.4M	$176K	10x	as long as short
QFEX US100-USD	+0.0004%	1h	30,569	−0.001%	$1.4M	$1.1M	30x	as long as short
Lighter US100	+0.0032%	1h	30,563	−0.021%	$3.9M	$95.2M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,568.2	−0.004%	$2.2M	$5.3M	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	30,861	+0.954%	—	$194.1M	50x	as long as short
Paradex US100-USD-PERPshort	+0.0050%	8h	30,562.9	−0.021%	—	—	5x
Polymarket Perps NAS100-USD	+0.0050%	1h	30,568	−0.004%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0134%	1h	30,576.7	+0.024%	$6.0M	$8.5M	25x	as long as short
Kraken Futures PF_US100USD	+0.2811%	1h	30,643.3	+0.242%	$131K	$127K	20x	as long as short