Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0320%/8h= +35.0% APRpaid last 24h +0.075%

Price spread now: Ondo Perps against Gate+0.199%7-day average +0.003% · you sell dearer than you buy

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

Long on Gate Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.287%+$29 on $10k

Price spread, last 7 days−0.268%−$27 · spread now +0.199%, 7d avg +0.003%

Together, before fees+0.019%+ Points / potential airdropOndo Perps: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Ondo Perps is 0.196% dearer against Gate than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NAS100_USDT	30,541.4	−0.0200	get 0.0200% / 8h	4h 19m	$1.9M	$3.7M	100x
Short	Ondo Perps US100-USD.P	30,602.2	0.0120	get 0.0015% / 1h	19m 19s	$6.0M	$8.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now +0.199%Rate

Funding earned: $67.2
Price spread: +0.199% → +0.003%: $19.58
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $66.78
Costs to cover: 0.200%
Break-even: 0.0 days

Slippage unknown: Gate: live order book, 4 min ago; Ondo Perps: 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, 4 min ago	6.33 bp	22.4 bp −$22	111.8 bp −$1,118	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0212%	8h	30,573.2	+0.104%	$102K	$38K	20x	as long as short
Gate NAS100_USDTlong	−0.0200%	8h	30,541.4	long leg	$1.9M	$3.7M	100x
MEXC NAS100_USDT	−0.0101%	8h	30,588	+0.153%	$24.8M	$19.7M	200x	as long as short
OKX US100-USDT-SWAP	0.0000%	8h	30,556	+0.048%	$262K	$379K	20x	as long as short
Bitget NDX100USDT	0.0000%	8h	30,561	+0.064%	$3.5M	$633K	50x	as long as short
Bullet US100-USD	0.0000%	1h	30,587.2	+0.150%	$2K	$89K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,523.5	−0.059%	$1.4M	$183K	10x	as long as short
QFEX US100-USD	+0.0001%	1h	30,587	+0.149%	$1.3M	$1.4M	30x	as long as short
Lighter US100	+0.0032%	1h	30,582	+0.133%	$3.9M	$95.9M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,587.5	+0.151%	$2.0M	$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	30,876	+1.096%	—	$198.8M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,580.9	+0.129%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,588	+0.153%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.Pshort	+0.0120%	1h	30,602.2	+0.199%	$6.0M	$8.5M	25x
Kraken Futures PF_US100USD	+0.2793%	1h	30,653.1	+0.366%	$131K	$127K	20x	as long as short