Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.2673%/8h= +292.7% APRpaid last 24h +0.663%

Price spread now: Kraken Futures against Gate+0.294%7-day average +0.135% · you sell dearer than you buy

Net, funding: paid 7d − costs+$204as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$930.926% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.970%+$297 on $10k

Price spread, last 3 days (all we have)−1.067%−$107 · spread now +0.294%, 7d avg +0.135%

Together, before fees+1.903%+$190 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$80 a day on $10k at the current rate, and Kraken Futures is 0.159% dearer against Gate than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.135%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NAS100_USDT	30,472.6	−0.0008	get 0.0008% / 8h	1h 05m	$1.8M	$3.6M	100x
Short	Kraken Futures PF_US100USD	30,562.2	0.2665	get 0.0333% / 1h	5m 21s	$124K	$122K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.294%Rate

Funding earned: $561.4
Price spread: +0.294% → +0.135%: $15.9
Slippage, 4 orders: −$67.62
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $484.68
Costs to cover: 0.926%
Break-even: 1.0 days

Slippage from Gate: live order book, 3 min ago; Kraken Futures: live order book, 12 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 Gate live order book, 3 min ago	5.95 bp	28.2 bp −$28	62.1 bp −$621	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 12 min ago	7.53 bp	26.9 bp −$27	75.6 bp −$756	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	−0.0219%	8h	30,515.8	+0.142%	$102K	$38K	20x	as long as short
MEXC NAS100_USDT	−0.0104%	8h	30,527	+0.179%	$22.7M	$20.1M	200x	as long as short
Gate NAS100_USDTlong	−0.0008%	8h	30,472.6	long leg	$1.8M	$3.6M	100x
OKX US100-USDT-SWAP	0.0000%	8h	30,478	+0.018%	$259K	$356K	20x	as long as short
QFEX US100-USD	0.0000%	1h	30,525	+0.172%	$1.4M	$1.0M	30x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,501	+0.093%	$3.5M	$669K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,526	+0.175%	$3K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,467.5	−0.017%	$1.4M	$172K	10x	as long as short
Lighter US100	+0.0032%	1h	30,520	+0.156%	$4.0M	$93.3M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,526.7	+0.177%	$2.1M	$5.5M	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	30,811.5	+1.112%	—	$194.4M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,517.9	+0.149%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,526	+0.175%	$6.1M	$675K	50x	as long as short
Ondo Perps US100-USD.P	+0.0166%	1h	30,539.3	+0.219%	$6.0M	$8.9M	25x	as long as short
Kraken Futures PF_US100USDshort	+0.2665%	1h	30,562.2	+0.294%	$124K	$122K	20x