Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: OKX against Extended−0.117%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.117%, 7d avg +0.011%

Together, before fees+0.142%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.128% cheaper against Extended than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TECH100m-USD	30,473.6	0.0032	pay 0.0004% / 1h	50m 31s	$2.0M	$5.9M	20x
Short	OKX US100-USDT-SWAP	30,438	0	get 0.0000% / 8h	50m 31s	$268K	$380K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Extended. 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 ExtendedbpFee OKXbpOrdersPrice spread, now −0.117%Rate

Funding earned: −$6.72
Price spread: −0.117% → +0.011%: −$12.77
Slippage, 4 orders: −$4.89
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$39.38
Costs to cover: 0.199%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; OKX: live order book, 50 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 Extended live order book, 3 min ago	0.82 bp	3.5 bp −$3	6.8 bp −$68	doesn't fit	doesn't fit
Sell OKX live order book, 50 min ago	0.16 bp	7.1 bp −$7	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	−0.0281%	8h	30,457.1	−0.054%	$101K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,421.2	−0.172%	$2.0M	$3.3M	100x	as long as short
MEXC NAS100_USDT	−0.0072%	8h	30,471	−0.009%	$23.9M	$20.6M	200x	as long as short
OKX US100-USDT-SWAPshort	0.0000%	8h	30,438	−0.117%	$268K	$380K	20x
Bitget NDX100USDT	0.0000%	8h	30,489	+0.050%	$3.5M	$630K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,471	−0.009%	$4K	$91K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,433.7	−0.131%	$1.4M	$194K	10x	as long as short
QFEX US100-USD	0.0000%	1h	30,470	−0.012%	$1.3M	$1.4M	30x	as long as short
Lighter US100	+0.0032%	1h	30,466	−0.025%	$3.9M	$93.9M	30x	as long as short
Extended TECH100m-USDlong	+0.0032%	1h	30,473.6	long leg	$2.0M	$5.9M	20x

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	30,766.9	+0.962%	—	$203.2M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,465.1	−0.028%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,472	−0.005%	$7.2M	$2.0M	50x	as long as short
Ondo Perps US100-USD.P	+0.0050%	1h	30,472.8	−0.003%	$6.0M	$8.9M	25x	as long as short
Kraken Futures PF_US100USD	+0.1160%	1h	30,495.7	+0.073%	$141K	$141K	20x	as long as short