Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0101%/8h= +11.1% APRpaid last 24h +0.070%

Price spread now: Lighter against Gate+0.223%7-day average −0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$470.466% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 7 days−0.423%−$42 · spread now +0.223%, 7d avg −0.056%

Together, before fees−0.454%+ Points / potential airdropLighter: Season 3 · farm board−$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.279% dearer against Gate than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NAS100_USDT	30,421.2	−0.0069	get 0.0069% / 8h	2h 03m	$1.8M	$3.7M	100x
Short	Lighter US100	30,489	0.0032	get 0.0004% / 1h	3m 22s	$4.0M	$93.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.223%Rate

Funding earned: $21.21
Price spread: +0.223% → −0.056%: $27.9
Slippage, 4 orders: −$31.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: $2.47
Costs to cover: 0.466%
Break-even: 6.2 days

Slippage from Gate: live order book, 5 min ago; Lighter: live order book, 6 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, 5 min ago	8.57 bp	30.2 bp −$30	63.3 bp −$633	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.16 bp	0.2 bp $0	0.9 bp −$9	25.9 bp −$2,594	274.1 bp −$137.0K

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	−0.0233%	8h	30,490.3	+0.227%	$102K	$38K	20x	as long as short
MEXC NAS100_USDT	−0.0161%	8h	30,500	+0.259%	$23.7M	$19.8M	200x	as long as short
Gate NAS100_USDTlong	−0.0069%	8h	30,421.2	long leg	$1.8M	$3.7M	100x
OKX US100-USDT-SWAP	0.0000%	8h	30,492	+0.233%	$258K	$346K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,497	+0.249%	$3.6M	$643K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,504.5	+0.274%	$3K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,421.2	0.000%	$1.4M	$175K	10x	as long as short
QFEX US100-USD	+0.0002%	1h	30,503	+0.269%	$1.4M	$986K	30x	as long as short
Lighter US100short	+0.0032%	1h	30,489	+0.223%	$4.0M	$93.3M	30x
Extended TECH100m-USD	+0.0032%	1h	30,486.4	+0.214%	$2.1M	$5.7M	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	30,773.3	+1.157%	—	$194.5M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,489.9	+0.226%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,498	+0.252%	$6.1M	$649K	50x	as long as short
Ondo Perps US100-USD.P	+0.0132%	1h	30,511.6	+0.297%	$6.0M	$8.7M	25x	as long as short
Kraken Futures PF_US100USD	+0.1572%	1h	30,543.3	+0.401%	$120K	$119K	20x	as long as short