Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0200%/8h= +21.9% APRpaid last 24h +0.049%

Price spread now: Bullet against Gate+0.139%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 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 for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bullet is 0.139% dearer against Gate than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NAS100_USDT	30,427.8	−0.0200	get 0.0200% / 8h	20m 11s	$2.0M	$3.3M	100x
Short	Bullet US100-USD	30,470.1	0	get 0.0000% / 1h	20m 11s	$4K	$90K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Gate. 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 GatebpFee BulletbpOrdersPrice spread, now +0.139%Rate

Funding earned: $42
Price spread: +0.139% → 0.000%: $13.89
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bullet: 4 bp × 2 orders: −$8
Net: $32.89
Costs to cover: 0.230%
Break-even: 1.5 days

Slippage unknown: Gate: live order book, 3 min ago; Bullet: 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 Gate live order book, 3 min ago	3.82 bp	18.8 bp −$19	48.1 bp −$481	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

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	−0.0282%	8h	30,456.4	+0.094%	$101K	$38K	20x	as long as short
Gate NAS100_USDTlong	−0.0200%	8h	30,427.8	long leg	$2.0M	$3.3M	100x
MEXC NAS100_USDT	−0.0074%	8h	30,470	+0.139%	$23.4M	$20.9M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,428	+0.001%	$265K	$386K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,488	+0.198%	$3.5M	$630K	50x	as long as short
Bullet US100-USDshort	0.0000%	1h	30,470.1	+0.139%	$4K	$90K	10x
Phemex NAS100USDT	0.0000%	4h	30,423.1	−0.016%	$1.4M	$196K	10x	as long as short
QFEX US100-USD	0.0000%	1h	30,470	+0.139%	$1.3M	$1.4M	30x	as long as short
Lighter US100	+0.0032%	1h	30,463	+0.116%	$4.0M	$96.0M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,470.5	+0.140%	$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	30,764.6	+1.107%	—	$203.1M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,463.3	+0.116%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,469	+0.135%	$7.2M	$2.0M	50x	as long as short
Ondo Perps US100-USD.P	+0.0050%	1h	30,472.1	+0.145%	$6.0M	$9.1M	25x	as long as short
Kraken Futures PF_US100USD	+0.1162%	1h	30,448.3	+0.067%	$141K	$128K	20x	as long as short