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: Phemex against Extended−0.124%7-day average −0.170% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$600.601% of the position

Long on Extended Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$8 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.124%, 7d avg −0.170%

Together, before fees−0.099%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.047% dearer against Extended than usual: you sell high and buy low (spread −0.124% now, against its 7-day average of −0.170%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TECH100m-USD	30,471.5	0.0032	pay 0.0004% / 1h	50m 57s	$2.0M	$5.9M	20x
Short	Phemex NAS100USDT	30,433.7	0	get 0.0000% / 4h	50m 57s	$1.4M	$194K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.124%Rate

Funding earned: −$6.72
Price spread: −0.124% → −0.170%: $4.67
Slippage, 4 orders: −$43.08
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$62.13
Costs to cover: 0.601%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Phemex: live order book, 2 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 Phemex live order book, 2 min ago	11.82 bp	24.7 bp −$25	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	−0.047%	$101K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,420.2	−0.168%	$2.0M	$3.3M	100x	as long as short
MEXC NAS100_USDT	−0.0073%	8h	30,469	−0.008%	$23.9M	$20.6M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,438	−0.110%	$268K	$380K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,488	+0.054%	$3.5M	$631K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,469	−0.008%	$4K	$91K	10x	as long as short
Phemex NAS100USDTshort	0.0000%	4h	30,433.7	−0.124%	$1.4M	$194K	10x
QFEX US100-USD	0.0000%	1h	30,467	−0.015%	$1.3M	$1.4M	30x	as long as short
Lighter US100	+0.0032%	1h	30,464	−0.024%	$3.9M	$93.9M	30x	as long as short
Extended TECH100m-USDlong	+0.0032%	1h	30,471.5	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	30,764.4	+0.961%	—	$203.2M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,463.4	−0.027%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,469	−0.008%	$7.2M	$2.0M	50x	as long as short
Ondo Perps US100-USD.P	+0.0050%	1h	30,468.5	−0.010%	$6.0M	$8.9M	25x	as long as short
Kraken Futures PF_US100USD	+0.1160%	1h	30,495.7	+0.080%	$141K	$141K	20x	as long as short